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APPENDIX A
Income Reported on Tax Returns by Year
1988 1989 1990 1991
Wage/salary1 $3,196 $3,008 $2,840 $3,003
Interest income 3,286 4,631 9,426 21,522
Dividend income 1,357 1,123 1,170 1,202
Sch. D income 1,088 -0- -0- -0-
Pension/annuities 4,060 4,263 4,263 4,263
Social Security 5,094 4,710 5,544 5,850
Rents 228,140 375,105 476,485 565,277
IRA deduction (2,000) (2,000) (2,250) (2,000)
Adjusted gross income 44,221 90,840 97,478 99,117
1During the years in issue, the only wage or salary income
from Bradam and Radtam reported by petitioners on their Federal
income tax returns consisted of wages reported by Mrs. Bacon.
2Petitioners reported on Schedule E gross rental income of
$136,000, rental expenses of $93,600, depreciation or depletion
expenses of $32,917, and Radtam S earnings of $18,657. ($136,000
- $93,600 - $32,917 + $18,657 = $28,140)
3Petitioners reported on Schedule E gross rental income of
$232,000, rental expenses of $115,388, and depreciation or
depletion expenses of $41,507. ($232,000 - $115,388 - $41,507 =
$75,105).
4Petitioners reported on Schedule E gross rental income of
$311,700, rental expenses of $172,150, and depreciation or
depletion expenses of $63,065. ($311,700 - $172,150 - $63,065 =
$76,485)
5Petitioners reported on Schedule E gross rental income of
$368,930, rental expenses of $221,217, and depreciation or
depletion expenses of $82,436. ($368,930 - $221,217 - $82,436 =
65,277)
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