Robert T. and Mary F. Gow - Page 15




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          along because he “[enjoyed] spending time with her”.  Also                    
          accompanying Mr. Gow on the hunting trips were Louis Schreiner and            
          his wife.  (Mr. Schreiner was on the board of the Safari Club and             
          owned the Y.O. Ranch.) Upon returning from these hunting                      
          excursions, Mr. Gow would hire a taxidermist to create the animal             
          mounts.                                                                       
               The planned animal trophy museum to be located on Powhatan               
          Plantation was never built.  Nor was there ever a traveling display           
          of the mounts.  Rather, the animal mounts were displayed at both              
          the Y.O. Ranch and Bob’s Gun & Tackle Shop (Bob’s) in Norfolk,                
          Virginia. (A total of 31 animal mounts were displayed at Bob’s and            
          more than 31 others were displayed at the Y.O. Ranch.)  Initially,            
          the animal mounts at Bob’s were identified with note cards bearing            
          the name of Mr. Gow and certifying the animal mounts’ world record            
          status.  Approximately a year later, and at the advice of their tax           
          preparers, petitioners sent Bob’s a letter indicating that the                
          animal mounts were the property of Powhatan Plantation.                       
          Subsequently, the note cards were replaced with formal plaques                
          bearing the name “Powhatan Plantation”.                                       
               In 1991, Bob’s placed 18 of the animal mounts in storage.  In            
          1997, Signature Resorts, Inc., purchased all the assets of WVI,               
          including the animal trophy collection.                                       
               In 1989, 1990, and 1992, WVI deducted all costs incurred for             
          the procurement and display of the animal trophy collection, except           






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