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knew things were “not well” financially and that she had to get
the distribution from her IRA. After some argument with Mr.
Barrera, petitioner finally agreed to her husband’s request and,
in 2000, received a $20,000 distribution from her IRA.
Petitioner knew at the time there would be tax consequences as a
result of this $20,000 distribution from her IRA.
In 2000, Mr. Barrera quit renting commercial office space
for his home improvement loan business and moved the office into
his and petitioner’s home. At that time, petitioner realized
that Mr. Barrera could no longer pay the rent for his commercial
office space and further realized that he was not earning any
substantial sums of money.
Also in 2000, petitioner took a part-time job as a sales
clerk at Capretto Shoes, a local shoe store. This was
petitioner’s first employment outside the home since her
pregnancy with her daughter in 1996. Thereafter, petitioner
began paying family expenses.
In October 2000, the Pine Bay Estates house sold after about
a year on the market. Petitioner believed the net proceeds of
the sale to be approximately $150,000. Thereafter, she and Mr.
Barrera purchased a house in the West Kendall area of Miami-Dade
County (West Kendall house) for approximately $234,000 to
$236,000. The West Kendall house was smaller and less expensive
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