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the years 1990 through 1998, Keller Bruner used the Keller Bruner
checklist.12 The Keller Bruner checklist showed for each of the
years 1992 through 1997, inter alia, the following with respect
to various claimed notes payable to Frederick Underwriters by
Kildare Timmy:13
Year Notes payable Amount
1992 Keller N/P Frederick Underwriters Dated 11-1-92 @ 3.61% $140,000
Bruner checklist Due 10-30-95 from JR only1
N/P Frederick Underwriters Dated 11-1-92 @ 3.61% 143,500
Due 10-30-95 from JR only1
1993 Keller N/P Frederick Underwriters Dated 11-1-92 @ 3.61% 140,000
Bruner checklist Due 10-30-95 from JR only
N/P Frederick Underwriters Dated 11-1-92 @ 3.61% 143,500
Due 10-30-95 from JR only
1994 Keller N/P Frederick Underwriters Dated 11-1-92 @ 3.61% 140,000
Bruner checklist Due 10-30-95 from JR only
N/P Frederick Underwriters Dated 11-1-92 @ 3.61% 143,500
Due 10-30-95 from JR only
1995 Keller N/P Frederick Underwriters Dated 11-1-95 @ 5.79% 140,000
Bruner checklist Due 10-30-98 from JR only
N/P Frederick Underwriters Dated 11-1-95 @ 5.79% 143,500
Due 10-30-98 from JR only
1996 Keller N/P Frederick Underwriters Dated 11-1-95 @ 5.79% 140,000
Bruner checklist Due 10-30-98 from JR only
N/P Frederick Underwriters Dated 11-1-95 @ 5.79% 143,500
Due 10-30-98 from JR only
1997 Keller N/P Frederick Underwriters Dated 11-1-95 @ 5.79% 140,000
Bruner checklist Due 10-30-98 from JR only
N/P Frederick Underwriters Dated 11-1-95 @ 5.79% 143,500
Due 10-30-98 from JR only
1It is not altogether clear what was intended by the use of the phrase
“from JR only” that appeared in the Keller Bruner checklist for each of the
years 1992 through 1997. In any event, we have found that Mr. Ramsburg, in
his individual capacity and not in his capacity as a general partner of
Kildare Timmy, borrowed the money in question and then contributed such money
to Kildare Timmy as a capital contribution.
12For each of the years 1990 through 1993, the Keller Bruner
checklist was called “Partnership Return Of Income Checklist”.
For each of the years 1994 through 1998, the Keller Bruner
checklist was called “Partnership (or LLC) Return Of Income
Checklist”.
13See supra note 5.
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