�\pJames N. Willis ,���:%$�7]Mbv �V�B�  MbP?_"*+�%�����@�1 ��Arial1 ��Arial1 ��Arial1 ��Arial1 ��Arial1 ��Arial1 ��Arial1 ��Arial1 x�Arial1 ��Arial1 ��Arial1 ��Arial1 ��Arial1 ��Arial1 x�Arial1 ��Arial��&�?'�?(�?)�?M dX,�"dX,�?�?@V General00.00#,##0 #,##0.00#,##0_);\(#,##0\)#,##0_);[Red]\(#,##0\)#,##0.00_);\(#,##0.00\)#,##0.00_);[Red]\(#,##0.00\)"$"#,##0_);\("$"#,##0\)"$"#,##0_);[Red]\("$"#,##0\) "$"#,##0.00_);\("$"#,##0.00\)%""$"#,##0.00_);[Red]\("$"#,##0.00\)0%0.00% 0.00E+00 #\ ?/? #\ ??/?? m/d/yy d\-mmm\-yy d\-mmm mmm\-yy h:mm\ AM/PMh:mm:ss\ AM/PMh:mm h:mm:ss m/d/yy\ h:mm#,##0;[Red]#,##0 0;[Red]00.00;[Red]0.00 "*"#,##0#,##0;\-#,##0;\-\-;@�@"............................................................................................................................"�@"............................................................................................................................."#,##0;#,##0;\-\-;@!#,##0" ";\-#,##0" ";"-- ";@" "#,##0" ";#,##0" ";"-- ";@" " ##0.0E+0mm:ss@52_("$"* #,##0_);_("$"* \(#,##0\);_("$"* "-"_);_(@_),)_(* #,##0_);_(* \(#,##0\);_(* "-"_);_(@_)=:_("$"* #,##0.00_);_("$"* \(#,##0.00\);_("$"* "-"??_);_(@_)41_(* #,##0.00_);_(* \(#,##0.00\);_(* "-"??_);_(@_) -�C � �C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C � ��C  �C +� ��C )� ��C *� ��C (� ��C � �C  � ��C  �C  �C  �C  �C  �C  �C ' �C "�C  �C  (��C  (C "8�C '"<��C '"<��C "8�C  (��C  (��C  (��C  ,�C  ,�C  (�C  (�C '"<C '"<C  (C  (C "8�C "8�C 8��C 8��C   ,�C ! �C   ,�C #<�C #<�C ! ,��C ! ,�C  ,�C  ,�C ! �C  �C  ,�C  �C  �C ' ,�C ##<��C ##<��C ##<��C ##<��C # ,��C # ,��C # ,��C # ,��C $ ,��C $ ,��C $#<��C #"<��C #"<��C "�C  �C  8C  �C  �C ! �C  �C  �C ! �C �C 8�C 8�C 8�C &8�C &8C &8C 8�C 0�C 8�C 8��C 8�C 8�C 0�C 'A ��C ' �C  (�C  (�C  ,�C  (C # ,�C $ ,�C # ,����������������� Normal_Sheet1���U} �Sh} � Sh} $ Sh �  �l@ ��@ ��@  �d� �� ��� �q� ��� �Z�> ��� ��� ��� ��� ��� ��� ��� ��� ��� ��� ��� ��� ��� ��� ��� ��� ��� ��� ��� ��� ��� ��� ����yTable 1a.--Individual Income Tax Returns: Short-Term and Long-Term Capital Gains and Losses, by Asset Type, Tax Year 1998 �[All figures are estimates based on samples--number of transactions is in thousands, money amounts are in thousands of dollars]   ]All transactions^^_]Gain transactions^^^"!Transactions by asset type[Number 0Sales [Basis0Net gain[Number0Sales  [Basis `Gain!f 2pricef2or lossf 2pricefa/ ,(1) ,(2) ,(3) ,(4) ,(5) ,(6) ,(7) -(8)$NNNNNNNO? Total~ C[AC`�.KACA~ CCg~ C@@Cx�+ACJOADhA 4Corporate stock~ EX@ E`A EJA~ Ef(~ E@ Eb^:A E=A~ F.� <# 4U.S. Government obligations~ E@~ E~ Exx~ EV�2~ E@~ Ef� ~ EZ ~ F�+C. 4&State and local Government obligations~ E\@~ Er(4~ E�~ E@�1A~ Ed@~ Ej~ EB>r~ F�* 4"Other bonds, notes, and debentures~ E@~ ER~ E�Y~ E�~ Eo@~ Ed~ Ej�+~ FJ9 4Put and call options~ E<@~ Ejg�~ E�~ E@~ E\@~ EVn~ Ev)1~ F�4Futures contracts~ Et@~ Ed~ E{u~ E� ~ E]@~ Ef~ E0BA~ Fv24*Mutual funds, except tax-exempt bond funds~ E@~ E"�=~ E�;~ EJ�#~ E@~ E� &~ Ez �!~ FJcO$4Tax-exempt bond mutual funds~ E֧@~ Ew~ E*z~ EV�'~ E8@~ EB\~ E�-�~ F.q]2B*Partnership, S corporation, and estate or EEEEEEEF4 trust interests~ E@~ EV� ~ E5 ~ Eю~ E@~ E� � ~ ED�~ Ft�4 Livestock~ E(@~ EJ~ E>\G~ EM3A~ Ey@~ Ez{~ EA~ F�(^4Timber~ E@_@~ Eڶ�~ E~ E~VM~ Fa*4"Depreciable business real property~ E@~ E� ~ Ewd~ E6�'~ E�@~ Eta~ E�~ F4Farmland~ Ea@~ E*e~ E�~ E*~ E]@~ E]A~ EDA~ FIA4 Other land~ E @~ E <~ E~�"~ E��~ E@~ E"f�~ E\~ Fb.S4 Residences~ Em@~ E� G~ ERh�~ Ez~ E[@~ EJ~ Ej~ FΗ�4 Other assets~ EΦ@~ E�'$~ E�~ E0r~ E<@~ E2Y3 ~ E:~ F�4Unidentifiable~ E@~ E^�2 ~ E�'� ~ Ef�~ E}@~ E�( ~ EnL~ F$4Pass-through gains or losses~ E#@ EN/A EN/A~ E I�~ E¨@ EN/A EN/A~ F_� "4Capital gain distributions~ E@ EN/A EN/A~ EkI ~ E@ EN/A EN/A~ FkI  �l@ ! �g@" �d�# �|�$ ���% �U�& ���' �Z�>( ���) ���* ���+ ���, ���- ���. ���/ ���0 ���1 ���2 ���3 ���4 ���5 ���6 ���7 ���8 ���9 ���: ���; ���< ���= ���> ��@? �d@ i j k  j j j j j  !!l!!!!l!!!! "bLoss transactions"c"c"d)"b!Transactions with no gain or loss"c"c"#YTransactions by asset type#Z#[Number#0Sales  #[Basis #[Loss#[Number#1Sales  #`Basis$\ $2price$\$\$\$3price $e%.%. %,(9) %,(10) %,(11) %,(12) %,(13) %-(14) %-(15)&P&P&%&%&%&%&%&&&&'= Total�.'=~ 'G`@'Gu}A'GA~ 'Kr~ 'G@~ 'HAB~ 'Hbl@(5Corporate stock(5~ (I@~ (I"Y!a~ (Iޝu~ (L:2~ (I@~ (J� ~ (J2 #)5U.S. Government obligations)5~ )Iw@~ )I�~ )I�~ )LI~ )I؄@~ )J*� ~ )J. .*5&State and local Government obligations*5~ *I(@~ *I� ~ *IA~ *Lv�~ *IĐ@~ *J8 ~ *J*7 *+5"Other bonds, notes, and debentures+5~ +I@l@~ +IVf�~ +IRA~ +L/~ +Ipv@~ +J^~ +J>,5Put and call options,5~ ,I@~ ,Ir�~ ,I~ ,L�~ ,IT@~ ,JQ�~ ,Jn-5Futures contracts-5~ -I`j@~ -I~ -I�~ -LL~ -I@~ -JA~ -JБA2.5*Mutual funds, except tax-exempt bond funds.5~ .I.@~ .Iid~ .IV�~ .L�.~ .I@~ .JVt~ .Jr$/5Tax-exempt bond mutual funds/5~ /I@~ /I�~ /I:f�~ /L&�~ /I$@~ /Js�~ /JF}�A059Partnership, S corporation, and estate or trust interests05~ 0I`@~ 0I��~ 0I�~ 0L^~ 0IU@~ 0Jj:�~ 0J�15Livestock15~ 1Ig@~ 1IA~ 1I@�A~ 1Lx�~ 1Ii@~ 1J޿#~ 1J|A25Timber�.25~ 2I.@~ 2I{ A~ 2IxA~ 2L`V~ 2I @~ 2J�A~ 2Jh�A35Involuntary conversions35~ 3I9@~ 3I@~ 3I@~ 3Lt~ 3I0@~ 3J,� A~ 3Jl�A#45Residential rental property45~ 4I n@~ 4I�~ 4IZҥ~ 4LH~ 4I`@~ 4J8~ 4J�'.55&Depreciable business personal property55~ 5Iu@~ 5IJ~ 5Iw~ 5Ld1'~ 5I@~ 5JE~ 5Jw�*65"Depreciable business real property65~ 6IS@~ 6I&CO~ 6Ix�~ 6LR�~ 6IW@~ 6J~SA~ 6J:�75Farmland�.75~ 7I@~ 7IXA~ 7IA~ 7L~ 7I5@~ 7J=A~ 7J/A85Other land85~ 8I[@~ 8Iʑ�~ 8I&�~ 8L�~ 8IU@~ 8JD$JA~ 8J>5�95 Residences95~ 9I;@~ 9I�>�~ 9I�.�~ 9L��~ 9IX@~ 9J>~ 9Ja:5 Other assets:5~ :I@~ :I~ :Izʣ~ :Lrg~ :I0@~ :J>E ~ :Jk;5Unidentifiable;5~ ;Il@~ ;If[�~ ;Ir~ ;Ljl�~ ;IR@~ ;JFDo~ ;Jf$<5Pass-through gains or losses<5~ <E0@ <EN/A <EN/A~ <MY'~ <EK@ <FN/A <FN/A"=5Capital gain distributions=5 =EN/A =EN/A =EN/A =MN/A =EN/A =FN/A =FN/A>'>(>(>)>)>)>)>*>+> !?Footnotes at end of file.????????? @ �l@A ��@B ��@ C �d�D ��E ���F �q�G ��@H �d�AI ��@J ��@K ��@L ��@M ��@N ��@O ��@P ��@Q ��@R ��@S ��@T ��@U ��@V ��@W ��@X ��@Y ��@Z ��@[ ��@\ ��@] ��@^ ��@_ ��@ s@kTable 1b.--Individual Income Tax Returns: Short-Term Capital Gains and Losses, by Asset Type, Tax Year 1998@@@@@@@@@ �A[All figures are estimates based on samples--number of transactions is in thousands, money amounts are in thousands of dollars]AAAAAAAAA BBBBBBBBBB C C]All transactionsC^C^C_C]Gain transactionsC^C^C^"D!Transactions by asset typeD[Number D0Sales D[BasisD0Net gainD[NumberD0Sales  D[Basis D`GainE!Ef E2priceEfE2or lossEf E2priceEfEaF/ F,(1) F,(2) F,(3) F,(4) F,(5) F,(6) F,(7) F-(8)G$G"G"G"G"G"G"G"G#G H? Total~ HCa@HC^�AHC@ФWA~ HC2E~ HC`I@HCa}AHC�A~ HDo�H @I4Corporate stock~ IED@IEBAIEoA~ IE\�!~ IE@A@~ IE*QKy~ IE2m~ IFF I #J4U.S. Government obligations~ JE|@~ JEj�~ JE"'�~ JE(� A~ JE j@~ JEr@~ JE,~ JFAJ .K4&State and local Government obligations~ KEt@~ KE#f~ KEc~ KE@~ KEW@~ KE~Js~ KEnPi~ KF �AK *L4"Other bonds, notes, and debentures~ LEk@~ LEk~ LE.�~ LEt�~ LEP@~ LE�~ LE>~ LF@L M4Put and call options~ ME@~ MEF�;~ MEY~ MEГ~ ME@~ MErV�~ ME�)�~ MFfw�M N4Futures contracts~ NEr@~ NE*~~ NEbI�~ NEx�~ NEY@~ NEbV~ NE6<�~ NFƅ�N 2O4*Mutual funds, except tax-exempt bond funds~ OE@~ OE^|�#~ OE�#~ OE�~ OE@~ OE�~ OE�N~ OF:l�O $P4Tax-exempt bond mutual funds~ PEx@~ PE.e;~ PE^~ PE~ PEr@~ PE~ PE&ƅ~ PFAP 2QB*Partnership, S corporation, and estate or QEQEQEQEQEQEQEQFQ R4 trust interests~ REP|@~ RE|~SA~ RE~ RE ~ RE`a@~ RE~ REy SzXUnidentifiablezX~ zI[@~ zI��~ zI~ zL�",~ zI$@~ zJN<<~ zJSAz S${XPass-through gains or losses{X~ {Iy@ {EN/A {EN/A~ {Ls~ {I @ {FN/A {FN/A{ S|9|9 |m  |m  |m  |n  |m  |o  |o | !}Footnotes at end of file.}}}}}}} r~jTable 1c.--Individual Income Tax Returns: Long-Term Capital Gains and Losses, by Asset Type, Tax Year 1998~~~~~~~~~ �[All figures are estimates based on samples--number of transactions is in thousands, money amounts are in thousands of dollars]  �l@ � �d@� ���� ���� �q�� ���� �Z�� ���>� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ��� � �d@ � �]All transactions�^�^�_�]Gain transactions�^�^�^� "�!Transactions by asset type�[Number �0Sales �[Basis�0Net gain�[Number�0Sales  �[Basis �`Gain�!�f �2price�f�2or loss�f �2price�f�a�/ �,(1) �,(2) �,(3) �,(4) �,(5) �,(6) �,(7) �-(8)� �$�"�"�"�"�"�"�"�#�? Total~ �CU@�CA�CA~ �Cv[h~ �C #@�C�{A~ �CΌAW~ �DNav� >�4Corporate stock~ �E@@~ �E:�`~ �Ev&�7~ �E(~ �E�<@~ �EP~ �ErU� ~ �F2/� #�4U.S. Government obligations~ �Ep@~ �E� ~ �EP� ~ �E�1"A~ �E`@~ �E�2�~ �E�~ �Fk/.�4&State and local Government obligations~ �Eʤ@~ �EZ�~ �E�~ �E�>2�B*Partnership, S corporation, and estate or �E�E�E�E�E�E�E�F�4 trust interests~ �E@~ �Eo� ~ �E�3~ �E�"�~ �E`}@~ �Ej�~ �E.#~ �Fp��4 Livestock~ �E@~ �Eֿ�~ �Eƛ-~ �EzI~ �Eu@~ �Erg~ �E� A~ �FЋ4A�4Timber~ �EY@~ �E�(AA~ �E�A~ �El~ �EX@~ �ERڃ~ �E7A~ �Fm�4Involuntary conversions~ �ED@~ �E�(A~ �Eh�A~ �E� A~ �E*@~ �Ex�A~ �E@}@~ �F�( A#�4Residential rental property~ �E@~ �ER>�~ �E�~ �EN�0~ �E@~ �Er� ~ �En~ �F�.�4&Depreciable business personal property~ �E4@~ �E�<]A~ �EF9 ~ �E@q(A~ �Ek@~ �E:�~ �E.�,~ �FzTV*�4"Depreciable business real property~ �E؃@~ �EFK ~ �E�~ �Ee2~ �E`~@~ �E(%~ �E�~ �F2x�4Farmland~ �E@a@~ �E6IW~ �Ez%�~ �E~ �E@\@~ �E~m�~ �EƘ�~ �F>�4 Other land~ �E@~ �E~3F~ �EaG~ �E�~ �E@~ �E]~ �EZ(�~ �F2�4 Residences~ �Ek@~ �EJ~ �E_S~ �E�"�~ �EY@~ �Ed~ �Er�~ �F��4 Other assets~ �E@~ �E�~ �E�~ �EV~ �E@~ �E� ~ �ERH~ �F*/�4Unidentifiable~ �E|@~ �E.L�~ �ErZ~ �E~ �E@q@~ �E��~ �E4~ �F�$�4Pass-through gains or losses~ �Er@ �EN/A �EN/A~ �Er+Y~ �E0@ �EN/A �EN/A~ �F^6�"�4Capital gain distributions~ �E@ �EN/A �EN/A~ �EkI ~ �E@ �EN/A �EN/A~ �FkI �6�7�7�7�7�7�7�7�8� ��l����l���� � �l@� ���Q� ���Q� �U�Q� ���Q� �Z�Q� ���>� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� ���� �d@� �P@� ��@�Q�Q�bLoss transactions�c�c�d)�b!Transactions with no gain or loss�c�c� Q"�YTransactions by asset type�Z�[Number�0Sales  �[Basis �[Loss�[Number�1Sales  �`Basis�\ �2price�\�\�\�3price �a�R�R �,(9) �,(10) �,(11) �,(12) �,(13) �-(14) �-(15)�P�P�%�%�%�%�%�&�&�= Total�.�=~ �G@~ �GT�#~ �G�0~ �K*~ �G=@~ �H�# ~ �H">�� >�5Corporate stock�5~ �I@~ �I� ~ �I*^~ �L~ �I@~ �J�~ �Jr�� #�5U.S. Government obligations�5~ �Ip@~ �IK�~ �IS�~ �L�~ �I@~ �J�,=~ �JN6.�5&State and local Government obligations�5~ �I@~ �I2~ �IMa~ �LD�'~ �IЍ@~ �Jb�~ �J�*�5"Other bonds, notes, and debentures�5~ �I`@~ �I�}~ �IW�~ �LtD~ �IPr@~ �J�~ �J��5Put and call options�5 �E**57�E **-147,937�E **437,445�M **597,867 �E**23�F **752,016�F **694,358�5Futures contracts�5 �E** �E** �E** �M** �E** �F** �F**2�5*Mutual funds, except tax-exempt bond funds�5~ �I@~ �IM~ �I:t~ �LF ~ �I@~ �J�""~ �J $�5Tax-exempt bond mutual funds�5~ �I|@~ �ICu~ �IQYA~ �Lp ~ �I`@~ �J}2~ �J0A�59Partnership, S corporation, and estate or trust interests�5~ �It@~ �I�&�~ �IVx~ �L^'~ �IM@~ �J{~ �J�>A�5Livestock�.�5~ �IX@~ �Iw@~ �I� A~ �L~ �I`i@~ �J!A~ �JA�5Timber�.�5~ �I@~ �I@~ �I`@~ �L# �E[1]~ �JҾ@~ �J@�5Involuntary conversions�5~ �I3@~ �I@~ �I�@~ �Lk~ �I$@~ �JA~ �J@#�5Residential rental property�5~ �Ii@~ �IY~ �I.5~ �L0F~ �I@]@~ �J^T�~ �Jbƚ.�5&Depreciable business personal property�5~ �I@q@~ �Ij0~ �IUT~ �L"~ �I@~ �JF~ �J� AA*�5"Depreciable business real property�5~ �IO@~ �I~ �INM~ �Lz�~ �IU@~ �J� ~ �Jh��5Farmland�..�5~ �I@~ �Ix5A~ �IA~ �L~ �I5@~ �Ju~ �J�>�5Other land��5~ �IY@~ �If|~ �Iz�~ �L�~ �I@R@~ �Jn�~ �J��5 Residences�5~ �I8@~ �I [~ �IFҊ~ �L(�/~ �IX@~ �JZ/~ �JvB�5 Other assets�5~ �I0{@~ �IP~ �I� �~ �L.~ �I}@~ �JҬ�~ �J���5Unidentifiable�5~ �I@]@~ �IjB�~ �I�~ �L �~ �IP@~ �J)A~ �JH�%A$�5Pass-through gains or losses�5~ �E@ �EN/A �EN/A~ �M~ �EG@ �FN/A �FN/A"�5Capital gain distributions�5 �EN/A �EN/A �EN/A �EN/A �MN/A �EN/A �FN/A�9�:�:�;�;�;�;�;�<� �������� U�hM** Data combined to prevent disclosure of information for specific taxpayers.��������� �hN/A--Not applicable.��������� � �l@� �x@� �@� �@� �@� ��@� ��@� �@� �@� �� �� �� �� �� �� �d� �d� �d� �d� �d� �d� �d� �d� �d� �d� �g� �d� �d� �d� �d� �d� �d�h[1] Less than 500.��������� ��h�NOTES: Detail may not add to totals because of rounding. Sales price minus basis does not always equal gain or loss because: (a) only the gain is reported for capital gain ��������� ��h�distributions from mutual funds and pass-through gains or losses and (b) part of the total gain or loss on certain depreciable assets is treated as ordinary income rather than ��������� ��h�capital gain or loss. Sales price and basis often reported as negative for futures contracts and put and call options when a loss occurred. Comparisons across tables may differ ��������� f�h^because of misreporting of holding periods and the varying methodologies in classifying these.��������� a�gYSource: IRS Statistics of Income Bulletin, Summer 2002, Publication 1136 (Rev. 08-2002.) ������ �� �� �� �� �� �� �� �� ���������� ���������� ���������� ���������� ���������� ���������� ���������� ���������� ���������� ���������� �� � ������� ���������� ���������� ���������� ���������� ���������� ���������� ���������� � ����������� = ��pA> 4�" ������������������������������