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Cost or
other basis
Gross plus Depreciation
Date sales expense allowed Adjusted Total
Horse acquired Date sold price of sale or allowable basis gain
Yankee 10/02/88 01/01/98 $0 $16,000 $16,000 $0 $0
Goddess
Rock Legend 10/17/88 01/01/98 0 10,000 10,000 0 0
Yankee 10/01/89 01/01/98 0 5,000 5,000 0 0
Shuffle
Yankee 09/30/90 01/01/98 0 15,000 15,000 0 0
Skylark
Yankee Bardot 09/15/91 01/01/98 398 13,000 12,602 398 0
Tarport 11/24/92 01/01/98 3,411 16,000 12,589 3,411 0
Reactor
Idealists 11/15/94 01/01/98 4,339 9,500 5,161 4,339 0
Hanover
Pizzacato 01/16/95 01/01/98 3,405 7,000 3,595 3,405 0
Brief Wars 03/13/95 01/01/98 2,121 4,360 2,239 2,121 0
Western 04/24/95 01/01/98 2,202 4,240 2,038 2,202 0
Skylark
Northern 10/29/95 01/01/98 7,017 12,000 4,983 7,017 0
Crush
Rare Guy 10/02/95 01/01/98 5,029 8,600 3,571 5,029 0
Overture 02/01/95 01/01/98 911 1,875 964 911 0
Hanover
Bar B Wars 04/08/96 01/01/98 7,090 10,570 3,480 7,090 0
Western 04/08/96 01/01/98 2,705 4,320 1,615 2,705 0
Shuffle
Justen’s 05/13/96 01/01/98 2,655 4,240 1,585 2,655 0
Western
Overture 09/25/96 01/01/98 3,319 5,300 1,981 3,319 0
Siera
Happening 11/26/96 01/01/98 3,883 6,200 2,317 3,883 0
Hanover
Vidalita 11/26/96 01/01/98 3,883 6,200 2,317 3,883 0
Hanover
In Part III of Form 4797 included in the 1998 partnership return,
Kildare Timmy also claimed the following with respect to the sale
of the stud rights that Kildare Timmy distributed to Mr.
Ramsburg:
Gross Cost or other Depreciation
Date sales basis plus allowed Adjusted Total
acquired Date sold price expense of sale or allowable basis gain
01/13/95 01/01/98 $12,160 $25,000 $12,840 $12,160 $0
In preparing each of the respective partnership returns for
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