- 91 -
was applied in 1991 (Schedule E2, line 31H) and
the balance of $191,316 carried forward.
2. The amount of $422,629 unapplied net operating
loss from PK Ventures LP (1990) * * * has been
carried forward.
This statement was signed by the Roses and dated October 14,
1992. In sum, the Roses carried forward losses from PKVI LP
totaling $613,945.
The Roses attached the following statement to their joint
income tax return for 1992:
The above mentioned taxpayers have elected to apply
* * * the net operating losses of the following company
for the tax period ending 12/31/92:
1. The amount of $394,800 of net operating losses
from PK Ventures I Limited Partnership (1992) * * *
have been applied. The taxpayer has elected to
carryforward the balance of $193,017 of unapplied net
operating losses.
2. The amount of $191,316 of net operating losses
from PK Ventures I Limited Partnership (1989) * * *
have been applied.
3. The amount of $422,629 of net operating losses
from PK Ventures I Limited Partnership (1990) * * *
have been applied.
In sum, the Roses carried forward losses from PKVI LP totaling
$193,017.
The Roses attached the following statement, in pertinent
part, to their joint income tax return for 1993: “The above
mentioned taxpayers have elected to apply * * * the net operating
loss carryforward for the tax period ending 12/31/93 for the
Page: Previous 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 NextLast modified: May 25, 2011