Mary Ann Tobin - Page 11




                                        -11-                                          
                              Year                Amount                              
                              1988               $2,492                               
                              1989               48,998                               
                              1990                71,943                              
                              1991                62,038                              
                              1992                57,169                              
                              1993                -0-                                 
                              1994                -0-                                 
                              1995                -0-                                 
                              1996                -0-                                 
               Petitioner reported on the Schedules F (Profit or Loss from            
          Farming) she attached to her returns for 1990 to 1996 that her              
          farm and Broadmoor Gardens were one activity.  Petitioner                   
          incurred losses for the farm and Broadmoor Gardens in each of               
          those years, whether the calculation is made for the farm and               
          Broadmoor Gardens as one or two activities.  On her Schedules F             
          for 1990 to 1996, petitioner reported income and expenses from              
          raising cattle, horses, and tobacco, agricultural payments, and             
          income from a Colorado rental property.  She reported                       
          depreciation of a greenhouse on a Schedule F for each year from             
          1990 to 1992.  Petitioner reported the following amounts of gross           
          receipts, interest expense deductions, losses, and depreciation             
          on her Schedules F for 1983 to 1996:                                        
















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Last modified: May 25, 2011