- 85 - no adjustment is required for that item in Sylvia’s source and application of funds analysis for 1988. b. Birthing Costs for Nicole In the source and application of funds analysis for Sylvia for 1988, see infra Appendix G, respondent included as an application of funds $2,500 for birthing costs for Nicole Johnson, Sylvia’s daughter. In an affidavit dated November 15, 1995, Sylvia stated that Frank and Katherine paid her medical bills relating to Nicole’s birth. Respondent does not explain how the $2,500 was derived other than by estimation. Petitioners do not explain why they disagree with this item. The record indicates that Nicole was born in 1988, but it does not show the amount of medical expenses attributable to her birth nor when those expenses were paid. On the basis of the foregoing, we conclude that it is not reasonable to include $2,500 birthing costs as an application of funds in Sylvia’s source and application of funds analysis for 1988; accordingly, we hold that Sylvia’s applications of funds for 1988 should be reduced by $2,500. c. Estimated Tax Payments In the source and application of funds analysis for Ronnie for 1988, see infra Appendix G, respondent included as an application of funds $1,500 for estimated tax payments made during 1988. Ronnie’s tax return for 1988 shows $3,000 estimatedPage: Previous 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 Next
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