Patricia Barranco - Page 4




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          II. The Barrancos’ Major Financial Expenditures                             
               A.  Real Estate Purchases                                              
               Beginning before and continuing into the years at issue,               
          petitioner and Dr. Barranco purchased, with funds provided by Dr.           
          Barranco, various parcels of Virginia real estate, as follows:2             
                Date              Property Purchased                                  
               09/1975     5.024 acres in Woodland Hill Estates                       
               01/1976     Two lakeside lots of undisclosed acreage at                
                           Smith Mountain Lake, for about $35,000                     
               10/1980     9.119 acres in Mountain View Estates                       
               12/1982     5.000 acres in Woodland Hill Estates                       
               07/1983     5.050 acres in Woodland Hill Estates                       
               11/1983     5.020 acres in Woodland Hill Estates                       
               In 1977, the Barrancos built a vacation home on one of the             
          lakeside lots at Smith Mountain Lake.  In 1983, they constructed            
          their primary residence on one of their Woodland Hill Estates               
          parcels.3                                                                   
               Initially, the Barrancos held title to all these properties            
          (both acreage and improvements) as tenants by the entirety.  On             
          April 21, 1986, Dr. Barranco gave petitioner his interest in all            
          these properties.                                                           
               Meanwhile, in October 1984, petitioner had purchased in her            
          own name, with funds that Dr. Barranco had provided, an                     
          additional 100.7 acres of land adjacent to the 29-plus acres they           

               2 Unless otherwise noted in the chart, the record does not             
          reveal the cost of these properties.                                        
               3 The record is silent as to the Barrancos’ personal                   
          residence before 1983.                                                      





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