- 16 -
Gross Business Net
Year Receipts Deductions Income
1985 $17,575 $9,158 $8,417
1986 18,975 9,487 9,488
1987 22,851 10,168 12,683
1988 25,785 11,781 14,004
1989 39,410 24,761 14,649
1990 36,580 19,915 16,665
On their returns for 1985 through 1990, Ronnie and Linda
reported the following interest income, Schedule E loss, income
from gambling, and adjusted gross income:
Income Adjusted
Interest Rental from Gross
Year Income Loss Gambling Income
1985 - - - $8,417
1986 - - - 9,014
1987 $77 - $20,000 32,760
1988 - - - 14,004
1989 321 - - 14,970
1990 310 1($2,131) - 13,668
1The Schedule E loss was from Johnson’s Limousine Service,
Inc.
4. Sylvia’s Returns
Katherine also trained Sylvia to read palms. At least by
1986, Sylvia worked with Katherine at the Longwood property in
Katherine’s palmistry business. For 1987 through 1990, Sylvia
reported income from a palmistry business9 under the name “Madame
Sylvia” on Schedules C she filed with her returns.
The 1987 return was the first Federal individual income tax
return Sylvia filed. On that return, she filed as “single” and
9 Until August 1990 Sylvia operated her palmistry business
out of the Longwood property.
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