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Noret Bootteeping Service <br /> THE INCOME TAX PROFESS IONALS ENPOLLED TO PEPPESENT TAXPAYERS BEFOPE THE IPS <br /> Phone (209) 529-8452 1933 COFFEE ROAD, MODESTO, CA 95355 FAX (209) 529-8489 <br /> September 9 , 1994 <br /> Mr . & Mrs . William Potter <br /> 19066 S . Austin Road <br /> Manteca, CA 95336 <br /> Dear Bill & Ann: <br /> In response to your request for the amount of the recapture <br /> tax that would be due because of land inherited from Bill ' s <br /> parents - (on which a special use valuation was elected on <br /> form 706) -- (in reqards to the piece of property commonly <br /> known as the 27 acre parcel ) would be $48 , 250 . 00 . This would <br /> be due in the event you disposed of the property within 10 <br /> years . <br /> For each year thereafter, a 20% reduction is allowed if sold <br /> within 15 years. After 15 , years no recapture tax will be <br /> due . <br /> Respectfully submitted, <br /> C-9 an C . Noret, EA <br /> eb <br /> Income Tax Preparation for InJividuals, Partnerskips, Corporations, Estates,Trusts <br /> dooLkeepinq,Tax anJ financial Planninq, Pepresentalion in Tax Malters <br /> CLELAND C. NOPET, EA, 13PYAN DICKEY, EA TIMOTHY D.TAYLOR, EA, <br /> NTPI fellow �I.I, NTPI Fellow <br /> _8_ EXHIBIT <br />