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During 1989, petitioner incurred additional business
expenses of $825 for office expenses, printing expenses, and
travel, plus $600 for business-related telephone service. She
also incurred printing costs of $24 and miscellaneous costs paid
to contractors of $132.
During 1989, petitioner also paid a total of $3,000 in legal
and professional fees to the law firm of Saltzman & Holloran and
to Prentice-Hall Financial Services relating to the incorporation
of Real Services. She incurred additional legal expenses of
$1,000 in defense of charges that she was using the apartment on
E. 77th Street for an illegal purpose.
During 1989, petitioner, in the name of Real Services,
executed a brokerage agreement in which she undertook to sell an
estate in Hawaii. The sellers were petitioner’s sister and
another individual. Petitioner spent considerable sums in
improving and marketing the property. The property had been
recorded as belonging to their deceased father and another
individual. The efforts to sell the property were unsuccessful,
and it was foreclosed upon in 1991.
Petitioner incurred rental expenses of $3,600 and utility
expenses of $223 in 1990 for the apartment on W. 58th Street
which, in that year, was used in her escort business and was also
subleased for 4 months.
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