Richard J. and Melodie D. McKeever - Page 12




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            not list Rancho Paso de Norco in the phone book or with directory                          
            assistance.                                                                                
            Petitioners’ Horse Sales                                                                   
                  From 1987 through the years at issue, petitioners did not                            
            sell any horses.7  Since 1991, when petitioners were advised by                            
            Diego Palacio to cull their herd of animals unlikely to produce                            
            classic fino horses, petitioners have been attempting to sell                              
            horses.  They sold their first horse in 1994.  All of their sales                          
            occurred in California.  The sales of petitioners’ horses are                              
            shown on the following table:                                                              























                  7In 1988, petitioners traded Sol Rey de Pito in partial                              
            payment for Adelita LaCe.                                                                  





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