- 10 -
15104; (3) the offsetting distributions made in satisfaction of
the loans from Plan 15105 and Plan 15106 of $15,552 and $30,623,
respectively; and (4) $305,603 of the IRA distributions.
On an attached Schedule A, Itemized Deductions, petitioners
reported itemized deductions of $1,118,870, summarized by
petitioners as follows:
Type of Expense Amount Notes
Option Int $37,738 US Bank Corp.
Option Int 186,370 Merrill Lynch
MLF 71,657 Merrill Lynch
Fees
US Bank Fees 26,000 US Bank Fees
Opt.int 20,164 Merrill Lynch
Cash Pay 330,979 Merrill Lynch,
to protect
Taxable income
Cash Pay 123,000 Merrill Lynch,
to protect
Taxable income
Other 322,962 Merrill Lynch,
to protect
Taxable income
Total 1,118,870
Petitioners reported taxable income of $213,977, tax of $60,080,
tax on IRAs and other retirement plans of $63,717, and total tax
4(...continued)
2000.
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