-153-
Table 8
Year IRA THC Connolly MHM
1982 $86,212 $70,538 $16,500 $156,750
1983 78,375 64,125 15,000 142,500
1984 133,238 109,013 25,499 242,250
1985 120,175 98,325 23,000 218,500
1986 80,465 65,835 15,400 146,300
1987 120,698 98,753 23,100 219,450
1988 117,562 96,188 22,500 213,750
1989 51,727 42,322 9,900 94,051
Total 788,452 645,099 150,899 1,433,551
Exh. 9074, at 2, acct. Nos. 320000 (1982); Exh. 678, statement 2,
Schedule K-1, item f. (1983); Exh. 353, statement 2, Schedule K-
1, item f. (1984); Exh. 354, statement 2, Schedule K-1, item f.
(1985); Exh. 355, Schedule K-1 (1986); Exh. 356, reconciliation
of partners’ capital accounts (1987); Exh. 357, 1988 diagnostic
Essex Hotel Management Co., at 2, reconciliation of partners'
capital accounts (1988); Exh. 358, Schedule K-1 (1989);
Petitioners’ Reply Brief at 645.
In 1986, MHM was sold by Eulich to an unrelated company
called Aircoa. Aircoa continued to allow MHM to participate as a
partner in Essex Partnership until about 1990.
B. Certain Loans, Payments, and Other Benefits That
Ballard and Lisle and/or Their Family Members
Received (STJ report at 59-64)
Ballard and Lisle established respective grantor trusts (the
CMB and the CMB II Trusts for Ballard and the RWL and the RWL II
Trusts for Lisle). As grantor trusts, the income (or losses) of
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