Anne C. Snyder - Page 11

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          Date of                                                                     
          A.G. Edwards        Normal         Tax            Gross                     
          Check               Distribution   Withheld       Distribution              
          February 2, 2001    $1,125         $125           $1,250                    
          February 9, 2001    405            45             450                       
          March 1, 2001       1,530          170            1,700                     
          April 3, 2001       1,530          170            1,700                     
          May 1, 2001         1,530          170            1,700                     
          June 12, 2001           1,530         170             1,700                 
                    Subtotals    $7,650      $850           $8,500                    
                                                  Total     $8,500                    
          The above-described checks issued by A.G. Edwards were deposited            
          into petitioner’s Bank of America checking account.5                        
               On June 12, 2001, petitioner sent to A.G. Edwards a death              
          certificate for decedent and a preprinted form prepared by A.G.             
          Edwards entitled “A.G. Edwards Self-Directed IRA Request Form”              
          (A.G. Edwards IRA request form).  In that form, petitioner                  
          directed A.G. Edwards to make a total distribution rollover of              
          decedent’s IRA into petitioner’s IRA because of decedent’s death.           
               In July 2001, petitioner requested A.G. Edwards to make                
          gross distributions to her from petitioner’s IRA of $1,700 a                
          month.  Pursuant to that request, during 2001, A.G. Edwards made            
          the following gross distributions totaling $10,200 from peti-               
          tioner’s IRA, with respect to which an election had been made               



               5See supra note 3.  Decedent endorsed the checks dated Feb.            
          2 and 9, Mar. 1, and Apr. 3, 2001.  The only endorsement on each            
          of the checks dated May 1 and June 12, 2001, was “FOR DEPOSIT               
          ONLY”.                                                                      




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