Verta Hill - Page 7

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               Schedule - Appliances                                                  
               Item      No. of    Date      Cost or   FMV before FMV after           
                         items     acquired1    other basis2  casualty casualty       
               Carpet    1                   $2,500    $2,500    $0                   
               Sofa      1                   1,250     1,250     0                    
               Television    1               575       575       0                    
               Deep freezer   1              475       475       0                    
               Refrigerator    1             550       550        0                   
               Desk      2                   253         506         0                
                                             Total  3$5,856      0                    
                    1Date item was acquired prior to the year of the casualty.        
                    2Amount of individual item.                                       
                    3Petitioner decreased this amount by $900 for “depreciation” which
               resulted in a final claimed casualty loss for electronics of           
               $4,956.  However, petitioner only claimed a casualty loss of           
               $4,950 for appliances.                                                 
               Schedule - Tools                                                       
               Item      No. of    Date      Cost or   FMV before FMV after           
                         items     acquired1    other basis2  casualty casualty       
               Dryer3    1                   $460      $460      $0                   
               Washing mach.  1              400       400       0                    
               Snow blower     1             500       500       0                    
               Lawn mower    1               189         189         0                
                                        Total  4$1,549           0                    
                    1Date item was acquired prior to the year of the casualty.        
                    2Amount of individual item.                                       
                    3In the above schedule and on Form 4684 petitioner claims the     
               dryer was a total loss.  However, at trial, petitioner admitted        
               that she repaired the dryer and did not throw it away.                 
                    4Petitioner did not decrease this amount for “depreciation”.      
               Schedule - Electronics                                                 
               Item      No. of    Date      Cost or   FMV before FMV after           
                         items     acquired1    other basis2  casualty casualty       
               Computer  1     2 years       $2,785    $2,785    $0                   
               Printer   1     1 year        1,400     1,400     0                    
               Games boys    3     0 years   35        105       0                    
               Sega Genesis   1     0 years  150       150       0                    
               Playstation 2  1     0 years  230       230       0                    
               Games     20      0 years     50        1,000     0                    
               Supplies3      2 years        3,400     3,400     0                    
               Computer  5     0 years       35          175         0                
               books                                                                  
                                                  Total  4$9,245 0                    
                    1Date item was acquired prior to the year of the casualty.        
                    2Amount of individual item.                                       
                    3Supplies include:  software, files, disks, copier paper, etc.    
                    4Petitioner decreased this amount by $1,700 for “depreciation”    
               which resulted in a final claimed casualty loss for electronics of     
               $7,500.                                                                






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Last modified: May 25, 2011