# William E. Frazier & Mary A. Frazier

> United States Tax Court · April 24, 2024

URL: https://www.frixlaw.com/law-library/cases/9963212

## Case

- **Court:** United States Tax Court
- **Decided:** April 24, 2024
- **Precedential status:** Unpublished
- **Opinion:** Opinion
- **Cited by:** 0 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/9963212

## How later opinions describe it (automated extraction)

- applying the Cohan rule to estimating cost basis

## Opinion text

United States Tax Court
CORRECTED
T.C. Memo. 2024-3

WILLIAM E. FRAZIER AND MARY A. FRAZIER, ET AL., 1
Petitioners

v.

COMMISSIONER OF INTERNAL REVENUE,
Respondent

—————

Docket Nos. 8427-14, 8548-14, Filed January 8, 2024.
18494-15, 18521-15,
18721-15, 18745-15,
18797-15, 18799-15.

—————

Jaye A. Calhoun and Ray C. Mayo, Jr., for petitioners.

Edwin B. Cleverdon, for respondent.

CONTENTS

MEMORANDUM FINDINGS OF FACT AND OPINION ..................... 9

FINDINGS OF FACT ............................................................................ 15

I. Petitioners: the Fraziers and their wholly-owned C
corporation, LHDC ...................................................................... 15

II. LHDC administered Section 8 housing programs for
certain public housing agencies in Louisiana. ........................... 16

1 Cases of the following petitioners are consolidated herewith: Louisiana

Housing Development Corp., Docket Nos. 8548-14, 18721-15, and 18799-15; William
E. Frazier, Docket No. 18494-15; Mary A. Frazier, Docket No. 18521-15; and William
E. Frazier and Mary A. Frazier, Docket Nos. 8427-14, 18745-15, and 18797-15. Cases
with docket numbers 18725-15 and 18726-15, regarding deficiencies for tax years 2013,
were also consolidated with these cases, but were settled before trial.

Served 04/24/24
2

[*2]
III. Louisiana Assisted administered Section 8 housing
programs for certain other public housing agencies in
Louisiana. .................................................................................... 16

IV. LHDC agreed to make payments to Gary Lala.......................... 17

V. Hurricane Katrina affected LHDC operations. .......................... 17

VI. LHDC began administering Disaster Housing Assistance
Program payments for Jefferson Parish PHA............................ 17

VII. In 2006, LHDC and Lala replaced their 2003 contract with
a new contract. ............................................................................ 17

VIII. Louisiana Assisted began administering DHAP payments
for Mississippi Gulf Coast; Bobbie sold 50% of her share of
Louisiana Assisted to LHDC in exchange for LHDC’s
assistance in doing so. ................................................................. 19

IX. Business operations of LHDC and Louisiana Assisted
during the years at issue............................................................. 19

X. During the years at issue, Louisiana Assisted made cash
distributions to LHDC and reimbursed LHDC for certain
expenses. ...................................................................................... 21

A. During the years at issue, Trombetta’s accounting firm
prepared income statements for LHDC. ............................... 21

B. During the years at issue, Louisiana Assisted paid cash
distributions to LHDC. .......................................................... 23

C. During the years at issue, Louisiana Assisted made
reimbursements payments to LHDC. ................................... 24

XI. In 2012, LHDC sold of its 50% membership interest in
Louisiana Assisted to Bobbie. ..................................................... 24

XII. In 2012, the Fraziers sold securities from the Merrill Lynch
brokerage account. ...................................................................... 25

XIII. In 2012, the Fraziers sold securities from the Franklin
Growth Fund, receiving $40,867 of proceeds. ............................ 48
3

[*3]
XIV. In 2012, the Fraziers’ received $1,417 from “Columbia
Seligman Comm. And Info.”........................................................ 48

XV. In 2012, the Fraziers received taxable wages, interest,
dividends, IRA distributions, pension distributions, social
security benefits, and Schedule E income and had federal
income tax withholding. .............................................................. 48

XVI. In 2012, the Fraziers paid state and local income taxes and
real estate taxes. ......................................................................... 48

XVII. Tax reporting: Louisiana Assisted’s Forms 1065, the
Fraziers’ Forms 1040 and 2012 Form 1099-B, and LHDC’s
Forms 1120 .................................................................................. 48

A. Louisiana Assisted ................................................................. 49

1. Overview of Louisiana Assisted’s tax reporting:
Forms 1065 .................................................................. 49

2. Louisiana Assisted’s tax reporting by year ................ 51

a. 2009 ................................................................... 51

b. 2010 ................................................................... 54

c. 2011 ................................................................... 57

d. 2012 ................................................................... 59

B. The Fraziers ........................................................................... 62

1. The Fraziers’ tax reporting for 2009........................... 62

2. The Fraziers’ tax reporting for 2010........................... 65

3. The Fraziers’ tax reporting for 2011........................... 68

4. The Fraziers’ 2012 tax year ........................................ 72

C. LHDC...................................................................................... 72

1. LHDC’s tax reporting for 2009 ................................... 72

2. LHDC’s tax reporting for 2010 ................................... 76
4

[*4] 3. LHDC’s tax reporting for 2011 ................................... 79

4. LHDC’s tax reporting for 2012 ................................... 83

XVIII. Notices of deficiency .................................................................... 87

A. The Fraziers ........................................................................... 87

1. 2009 tax year ............................................................... 87

2. 2010 tax year ............................................................... 90

3. 2011 tax year ............................................................... 92

4. 2012 tax year ............................................................... 93

B. LHDC...................................................................................... 97

1. 2009 tax year ............................................................... 97

2. 2010 tax year ............................................................... 99

3. 2011 tax year ............................................................. 100

OPINION .............................................................................................. 102

I. LHDC was the other member of Louisiana Assisted. .............. 106

A. Under Louisiana law, the other membership interest in
Louisiana Assisted was owned by LHDC. .......................... 106

B. Under federal tax law, the other membership interest
in Louisiana Assisted was owned by LHDC. ...................... 113

C. The IRS’s Danielson argument is inapposite because
petitioners are not attempting to disavow the terms of
the 2007 oral agreement. ..................................................... 114

II. The tax consequences to LHDC and the Fraziers of LHDC
being the other member of Louisiana Assisted ........................ 115

A. Legal Concepts ..................................................................... 115

1. Tax Court jurisdiction ............................................... 115

2. Taxation of entities treated as partnerships ............ 116
5

[*5] B. Analysis ................................................................................ 117

1. 2009 tax year ............................................................. 117

a. The Fraziers .................................................... 118

b. LHDC .............................................................. 118

2. 2010 tax year ............................................................. 120

a. The Fraziers .................................................... 121

b. LHDC .............................................................. 121

3. 2011 tax year ............................................................. 122

a. The Fraziers .................................................... 123

b. LHDC .............................................................. 124

4. 2012 tax year ............................................................. 124

a. The Fraziers .................................................... 126

b. LHDC .............................................................. 126

III. We do not sustain the IRS’s adjustments to LHDC’s 2010
and 2011 salary-and-wage deductions and to LHDC’s 2011
professional-fee deductions. ...................................................... 127

A. The entire amounts of disallowed salaries and wages
and professional fees were paid. .......................................... 131

B. The IRS is not permitted to rely on the new theory
raised on brief....................................................................... 132

IV. The Fraziers had $3,856 short-term capital gain and
$2,283 in long-term capital gain for 2012 from the sales of
capital assets from the Merrill Lynch brokerage account. ...... 135

A. The law ................................................................................. 135

B. Analysis of the Fraziers’ sales of securities from the
Merrill Lynch brokerage account ........................................ 136

1. Cost basis ................................................................... 136
6

[*6] a. The Fraziers had basis of $30,642 in the
2,332 shares of Columbia Tax Exempt
Fund A that they acquired on June 8,
2011, and sold on March 15, 2012.................. 137

b. The Fraziers had basis of (a) $13.14 in the
1 share of Columbia Tax Exempt Fund A
that they acquired on January 26, 2012,
and sold on March 15, 2012; and (b) $4.06
in the 0.309 of a share of Columbia Tax
Exempt Fund A that they acquired on
January 26, 2012, and sold on March 27,
2012. ................................................................ 137

c. The Fraziers had basis of (a) $19,003 in
the 1,829 shares of Blackrock Municipal I
that they acquired on June 8, 1994, and
sold on March 15, 2012; and (b) $26,214 in
the (separately listed on the Form 1099-B)
2,523 shares of Blackrock Municipal I that
they acquired on June 8, 1994, and sold on
March 15, 2012. .............................................. 138

2. The securities sold from the Merrill Lynch
brokerage account in 2012 were capital assets. ....... 138

3. Holding periods for the five sales of securities for
which the Form 1099-B states the cost basis are
“N/A” .......................................................................... 139

4. The Fraziers’ long-term capital gain is computed
without the $5.62 loss disallowed by the wash-
sale. ............................................................................ 139

5. The Fraziers’ short-term and long-term capital
gains from the sales of securities from the Merrill
Lynch brokerage account assuming that the total
proceeds from the sales were $307,261 (the total
of the amounts stated in the Form 1099-B) ............. 140

6. The Fraziers’ short-term and long-term capital
gains from the sales of securities from the Merrill
Lynch brokerage account after accounting for the
$665 discrepancy between the total proceeds in
7

[*7] the Form 1099-B and the total proceeds in the
stipulation.................................................................. 141

V. The Fraziers had $40,867 in short-term capital gain from
the sale of securities from the Franklin Growth Fund. ........... 143

VI. For 2012, the Fraziers had $1,417 in short-term capital
gain from “Columbia Seligman Comm. And Info.” .................. 143

VII. The Fraziers received $24,425 in Schedule E income,
$1,545 in ordinary dividends, and $4,636 in qualified
dividends for 2012. .................................................................... 145

VIII. For 2012, the Fraziers are entitled to the standard
deduction of $14,200. ................................................................. 146

IX. The Fraziers’ income for 2012 is computed with two
personal exemptions for a total of $7,600................................. 148

X. The Fraziers’ liability for section 6662 accuracy-related
penalties..................................................................................... 148

A. For 2009, the Fraziers are not liable for the accuracy-
related penalty under section 6662(a)................................. 150

B. For 2010, the Fraziers are not liable for the accuracy-
related penalty under section 6662(a) because the
understatement is not substantial, a point that will be
confirmed by Rule 155 computations. ................................. 151

C. For 2011, the Fraziers are not liable for the accuracy-
related penalty under section 6662(a) because the
understatement is not substantial, a point that will be
confirmed by Rule 155 computations. ................................. 152

XI. The Fraziers’ liability for section 6651(a)(1) additions to tax
.................................................................................................... 153

A. The law ................................................................................. 153

B. Analysis ................................................................................ 156

1. For 2009, the Fraziers are liable for the section
6651(a)(1) addition to tax. ......................................... 156
8

[*8] 2. For 2010, the Fraziers are liable for the section
6651(a)(1) addition to tax. ......................................... 157

3. For 2011, the Fraziers are liable for the section
6651(a)(1) addition to tax. ......................................... 158

4. For 2012, the Fraziers are not liable for the
section 6651(a)(1) addition to tax. ............................ 159

XII. The Fraziers’ liability for the section 6651(a)(2) addition to
tax for 2012 ................................................................................ 160

A. Petitioners waived the argument that (1) the IRS did
not prepare a valid substitute for return under section
6020(b) and (2) the IRS has not produced evidence that
it prepared such a return. .................................................... 162

B. For 2012, should the Rule 155 computations show a
positive amount as the correct amount of tax, the
Fraziers are liable for the section 6651(a)(2) addition to
tax. ........................................................................................ 163

XIII. LHDC’s liability for section 6662 accuracy-related
penalties..................................................................................... 164

A. For 2009, if Rule 155 computations show a substantial
understatement, LHDC is liable for the section 6662(a)
penalty for the entire underpayment. ................................. 166

B. For 2010, LHDC is not liable for the accuracy-related
penalty under 6662(a). ......................................................... 168

C. For 2011, LHDC is not liable for the accuracy-related
penalty under 6662(a). ......................................................... 169

XIV. LHDC’s liability for section 6651(a)(1) additions to tax .......... 170

A. For 2009, LHDC is liable for the section 6651(a)(1)
addition to tax. ..................................................................... 171

B. For 2010, LHDC is liable for the section 6651(a)(1)
addition to tax. ..................................................................... 172
9

[*9] MEMORANDUM FINDINGS OF FACT AND OPINION

MORRISON, Judge: During the 2009, 2010, 2011, and 2012 tax
years (years at issue), William and Mary Frazier were the sole
shareholders of Louisiana Housing Development Corporation (LHDC),
a subchapter C corporation. The Fraziers are a married couple who filed
joint income tax returns for 2009, 2010, and 2011, but they did not file
a return for 2012. Respondent, or the IRS, issued notices of deficiency to
the Fraziers and LHDC (collectively, petitioners) determining income
tax deficiencies, accuracy-related penalties, and additions to tax. In
these consolidated cases, the Fraziers and LHDC seek judicial review of
these determinations:

§ 6651(a)(1) § 6651(a)(2)
Docket § 6662
Petitioner(s) Year Deficiency addition to addition to
number penalty
tax tax

8427-14 William & Mary Frazier 2009 $1,051,988 $210,398 $261,807 $—

8548-14 LHDC 2009 313,155 62,631 77,7933 —

18745-15 William & Mary Frazier 2010 211,420 42,284 52,855 —

18721-15 LHDC 2010 9,270 20,299 15,224 —

18797-15 William & Mary Frazier 2011 167,051 33,410 41,763 —

18799-15 LHDC 2011 177,759 36,152 — —

18521-15 Mary Frazier 2012 267,458 — 60,178 29,420

18494-15 William Frazier 2012 268,506 — 60,414 29,536

The Fraziers and LHDC filed timely Petitions under section 6213(a).
The Fraziers were residents of Louisiana when they filed their Petitions.
LHDC’s principal place of business was in Louisiana when it filed its
petitions. We have jurisdiction to resolve these cases under section
6213(a). 2

2 Unless otherwise indicated, references to sections are to the Internal Revenue

Code of 1986, Title 26 U.S.C., in effect at all relevant times, regulation references are
to the Code of Federal Regulations, Title 26 (Treas. Reg.), in effect at all relevant times,
and Rule references are to the Tax Court Rules of Practice and Procedure.
10

[*10] We use short names for certain persons and entities:

Short name of
Full name Description
person or entity

William William Frazier A petitioner, married to Mary

Mary Mary Frazier A petitioner, married to William

William & Mary Collective name for William and Mary
The Fraziers
Frazier Frazier

Louisiana Housing A C corporation owned 75% by Mary
LHDC Development and 25% by William
Corporation

Louisiana Assisted A limited liability company that, from
Louisiana Assisted Housing Company, 2007 to 2012, was owned 50% by Bobbie
LLC Robinson and 50% by LHDC.

Tracy Tracy Robinson Daughter of William and Mary

Chief operating officer of LHDC and
from 2007 to 2012, the 50% owner of
Bobbie Bobbie Robinson
Louisiana Assisted; Bobbie is not
related to either Tracy or Robert

Robert Robert Robinson Husband of Tracy, unrelated to Bobbie

The accountant for LHDC and the
Trombetta Mark Trombetta
Fraziers

The parties have resolved some issues through concessions. The
remaining issues are resolved as follows:

1. It is undisputed that Louisiana Assisted Housing Company, LLC
(Louisiana Assisted) was treated as a partnership for federal
income tax purposes from 2009 through 2012 and was not subject
to TEFRA proceedings for those years. See sec. 6221. The Fraziers
and LHDC contend that in 2007 Bobbie sold half her 100%
membership interest in Louisiana Assisted to LHDC and
repurchased the interest in 2012. The IRS contends that in 2007
Bobbie sold half her 100% membership interest in Louisiana
Assisted to William and repurchased the interest in 2012. We
agree with the Fraziers and LHDC. Therefore, LHDC was the
owner of the 50% membership interest opposite Bobbie from 2009
through 2012.
11

[*11]
2. The tax consequences of LHDC being a 50% member of Louisiana
Assisted are as follows:

a. For 2009, the Fraziers’ income does not include the
$2,987,744 distributive share of Louisiana Assisted’s
nonseparately stated income and the $3,156 distributive
share of Louisiana Assisted’s separately stated interest
income (because William was not a member of Louisiana
Assisted). We disallow the $2,987,744 deduction that the
Fraziers reported to cancel the effect of their reporting the
$2,987,744 distributive share of nonseparately stated
income in their income (dummy deduction). LHDC’s
income includes its $2,987,744 distributive share of
Louisiana Assisted’s nonseparately stated income and its
$3,156 distributive share of Louisiana Assisted’s
separately stated interest income. LHDC’s income does not
include its $2,165,000 cash distribution from Louisiana
Assisted that it reported as its income. LHDC’s outside
basis is increased by $2,990,900 total distributive share of
income from Louisiana Assisted and decreased by the
$2,165,000 distribution of cash from Louisiana Assisted.

b. For 2010, the Fraziers’ income does not include the
$643,165 distributive share of Louisiana Assisted’s
nonseparately stated income and the $3,392 distributive
share of Louisiana Assisted’s separately stated interest
income (because William was not a member of Louisiana
Assisted). We disallow the $643,165 dummy deduction that
the Fraziers reported to cancel the effect of their reporting
the $643,165 distributive share of nonseparately stated
income in their income. LHDC’s income includes its
$643,165 distributive share of Louisiana Assisted’s
nonseparately stated income and its $3,392 distributive
share of Louisiana Assisted’s separately stated interest
income. LHDC’s income does not include its $765,000 cash
distribution from Louisiana Assisted that it reported as its
income. LHDC’s outside basis is increased by the $646,557
total distributive share of income from Louisiana Assisted
and decreased by the $765,000 distribution of cash from
Louisiana Assisted.
12

[*12] c. For 2011, the Fraziers’ income does not include the $7,586
distributive share of Louisiana Assisted’s nonseparately
stated loss and the $1,839 distributive share of Louisiana
Assisted’s separately stated interest income (because
William was not a member of Louisiana Assisted). The
Fraziers’ income does not include the $450,000 cash
distribution from Louisiana Assisted to LHDC that the
Fraziers reported as their income. We disallow the
$450,000 dummy deduction that the Fraziers reported to
cancel the effect of their reporting the $450,000 cash
distribution in their income. LHDC’s income includes its
$7,586 distributive share of Louisiana Assisted’s
nonseparately stated loss and its $1,839 distributive share
of Louisiana Assisted’s separately stated interest income.
LHDC’s income does not include its $450,000 cash
distribution from Louisiana Assisted that it reported in its
income. LHDC’s outside basis is decreased by the $5,747
net distributive share of loss from Louisiana Assisted and
further decreased by the $450,000 distribution of cash from
Louisiana Assisted.

d. For 2012, William’s income does not include the $932,972
distributive share of Louisiana Assisted’s income (because
William was not a member of Louisiana Assisted). William
is not entitled to a $932,972 deduction the purpose of which
would be to cancel the effect of including in William’s
income the $932,972 distributive share. 3

3. In OPINION Part III, we hold that the IRS erred in disallowing
$424,935 of the $2,770,775 deduction claimed by LHDC for
salaries and wages for 2010, in disallowing $358,922 of the
$2,326,404 deduction claimed by LHDC for salaries and wages for

3 The Fraziers did not file a tax return for 2012. Trombetta, the Fraziers’ and

LHDC’s accountant, sent the IRS an unfiled Form 1040, U.S. Individual Income Tax
Return, for 2012, which includes a Schedule C and Schedule E. The parties stipulate
that “[t]he Fraziers reported Schedule E income . . . from [Louisiana Assisted] . . .
during . . . 2012 in the amount[] of . . . $932,972.00” and that “[t]he Fraziers claimed
Schedule C deductions related to alleged payments to LHDC for taxable year[] . . . 2012
in the amount[] of . . . $932,972.00 . . . which respondent disallowed for lack of
substantiation and for lack of business purpose.” While the $932,972 dummy deduction
was not disallowed or even addressed in either William’s or Mary’s 2012 notices of
deficiency, we hold that the parties tried the deductibility of this $932,972 dummy
deduction by consent under Rule 41(b)(1).
13

[*13] 2011, and in disallowing $158,993 of the $1,818,542 deduction
claimed by LHDC for professional fees for 2011.

4. In OPINION Part IV, we address capital gains from the sale of
the securities from the Fraziers’ Merrill Lynch brokerage account.
In 2012, the Fraziers sold a group of securities from their Merrill
Lynch brokerage account which are the subject of the Form 1099-
B, Proceeds from Broker and Barter Exchange Transactions,
provided to the Fraziers and the IRS by Merrill Lynch. 4 The only
issues in dispute involving the securities sold from the Merrill
Lynch brokerage account are the amounts of basis of: (1) the 2,332
shares of Columbia Tax Exempt Fund A that were acquired on
June 8, 2011, and sold on March 15, 2012; (2) the one share of
Columbia Tax Exempt Fund A that was acquired on January 26,
2012, and sold on March 15, 2012; (3) the 0.309 of a share of
Columbia Tax Exempt Fund A that was acquired on January 26,
2012, and sold on March 27, 2012; (4) the 1,829 shares of
Blackrock Municipal I that were acquired on June 8, 1994, and
sold on March 15, 2012; and (5) the 2,523 shares of Blackrock
Municipal I that were acquired on June 8, 1994, and sold on
March 15, 2012. We resolve these issues as follows:

a. The Fraziers had a basis of $30,642 in the 2,332 shares of
Columbia Tax Exempt Fund A that were acquired on June
8, 2011, and sold on March 15, 2012. We hold that the
disposition of these securities resulted in short-term
capital gain.

b. The Fraziers had a basis of $13.14 in the one share of
Columbia Tax Exempt Fund A that was acquired on
January 26, 2012, and sold on March 15, 2012. We hold
that the disposition of this share resulted in short-term
capital gain.

c. The Fraziers had a basis of $4.06 in the 0.309 of a share of
Columbia Tax Exempt Fund A that was acquired on
January 26, 2012, and sold on March 27, 2012. We hold

4 We observe that there is a $665 discrepancy between the stipulated amount

of proceeds of $306,596 and the $307,261 of proceeds stated by the Form 1099-B, which
the Fraziers actually received. We hold the parties to their stipulation under Rule
91(e). The $665 discrepancy must be accounted for by reducing proceeds from the 2012
sales of securities from the Merrill Lynch brokerage account that the Fraziers held for
more than one year.
14

[*14] that the disposition of this fraction of a share resulted in
short-term capital gain.

d. The Fraziers had a basis of $19,003 in the 1,829 shares of
Blackrock Municipal I that were acquired on June 8, 1994,
and sold on March 15, 2012. We hold that the disposition
of these securities resulted in long-term capital gain.

e. The Fraziers had a basis of $26,214 in the 2,523 shares of
Blackrock Municipal I that were acquired on June 8, 1994,
and sold on March 15, 2012. We hold that the disposition
of these securities resulted in long-term capital gain.

5. In OPINION Part V, we address capital gains from the sale of the
securities from the Fraziers’ Franklin Growth Fund. In 2012, the
Fraziers sold a group of securities from their Franklin Growth
Fund. We hold that the Fraziers’ basis in the securities was $0
and we hold that the disposition of these securities resulted in a
short-term capital gain of $40,867 to the Fraziers.

6. In OPINION Part VI, we address capital gains from an amount
of $1,417 received by the Fraziers from “Columbia Seligman
Comm. And Info.” In 2012, the Fraziers received an amount of
$1,417 from “Columbia Seligman Comm. And Info.” We hold that
the Fraziers’ basis was $0 and that the Fraziers received $1,417
in a short-term capital gain from “Columbia Seligman Comm.
And Info.”

7. In OPINION Part VII, we hold that the Fraziers received $24,425
in Schedule E income, $1,545 in ordinary dividends, and $4,636
in qualified dividends in 2012.

8. In OPINION Part VIII, we hold that the Fraziers are entitled to
the standard deduction of $14,200 for 2012.

9. In OPINION Part IX, we hold that the Fraziers’ income for 2012
is computed with two personal exemptions for a total of $7,600.

10. In OPINION Part X, we address the Fraziers’ liability for section
6662 penalties. The Fraziers are not liable for the section 6662(a)
penalty for 2009 because they do not have an underpayment of
tax for 2009. The Fraziers are not liable for section 6662(a)
penalties for 2010 and 2011 because the understatements are not
15

[*15] substantial, a point that will be confirmed by computations under
Rule 155.

11. In OPINION Part XI, we address the Fraziers’ liability for section
6651(a)(1) additions to tax. The Fraziers are liable for section
6651(a)(1) additions to tax for 2009, 2010, and 2011. The Fraziers
are not liable for the section 6651(a)(1) addition to tax for 2012.

12. In OPINION Part XII, we address the Fraziers’ liability for the
section 6651(a)(2) additions to tax for 2012. The Fraziers are
liable for the section 6651(a)(2) addition to tax for 2012 should the
Rule 155 computations show a positive amount as the correct
amount of tax.

13. In OPINION Part XIII, we address LHDC’s liability for section
6662 penalties. LHDC is liable for the section 6662(a) penalty for
2009 if Rule 155 calculations show the existence of a substantial
understatement of tax. LHDC is not liable for section 6662(a)
penalties for 2010 and 2011 because it does not have
underpayments of tax for 2010 and 2011.

14. In OPINION Part XIV, we address LHDC’s liability for 6651(a)(1)
additions to tax. LHDC is liable for section 6651(a)(1) additions to
tax for 2009 and 2010.

FINDINGS OF FACT

The parties stipulated some facts. Unless otherwise stated, we
agree with the facts to which the parties have stipulated.

I. Petitioners: the Fraziers and their wholly-owned C corporation,
LHDC

William and Mary founded LHDC in 1971. During the tax years
at issue, 2009–2012, Mary held 75% of LHDC’s shares, and William held
25% of its shares. William was the president of LHDC. Mary’s exact role
in the company is not revealed by the record, but was insignificant
compared to her husband’s. LHDC used the cash basis for accounting
during all years at issue. William and Mary were over 65 years old at
the end of 2012.
16

[*16] II. LHDC administered Section 8 housing programs for certain
public housing agencies in Louisiana.

LHDC was engaged in the business of administering the Section
8 housing program for public housing agencies (PHAs) in Louisiana.

In the early 1970s, the PHA of the City of Shreveport, Louisiana, 5
engaged LHDC to administer the Section 8 housing program on its
behalf. A few years later, during the late 1970s, LHDC received a second
contract to administer Section 8 funds on behalf of the PHA of Jefferson
Parish, Louisiana. 6

III. Louisiana Assisted administered Section 8 housing programs for
certain other public housing agencies in Louisiana.

In 2000, Bobbie formed Louisiana Assisted to administer the
Section 8 housing program for Plaquemines Parish PHA. (Initially,
Plaquemines Parish did not have a PHA, and Bobbie helped the Parish
create one.) Bobbie was LHDC’s chief operating officer and its program
administrator for Jefferson Parish. William knew about Louisiana
Assisted and gave Bobbie his full consent for her to operate it. Louisiana
Assisted expanded its administration of the Section 8 housing program
from Plaquemines Parish to other PHAs that were too small to be
profitable for LHDC. Bobbie was Louisiana Assisted’s sole member until
2007. 7 During all years at issue, Louisiana Assisted used the cash basis
of accounting for federal income tax purposes. During all years at issue,
Louisiana Assisted was a Louisiana limited liability company operating
out of Gretna, Louisiana with a mailing address in Metairie, Louisiana.
Both Gretna and Metairie are in Jefferson Parish Louisiana.

5 Shreveport is located in Caddo Parish in the northern part of Louisiana.

6 In Louisiana, parishes are the sub-state governmental units analogous to

counties in other states. Where the city and parish governments are consolidated, the
consolidated city-parish is the sub-state governmental unit corresponding to
consolidated city-county units in other states. Cities 101 – Consolidations, National
League of Cities, https://www.nlc.org/resource/cities-101-consolidations/ (last visited
Sept. 9, 2021).
7 It is unclear how Louisiana Assisted was treated for federal income tax

purposes when Bobbie was its sole member. Louisiana Assisted was a single-member
LLC. For federal income tax purposes, it would have been treated either as (1) a
disregarded entity (and sole proprietorship of Bobbie) or (2) a corporation. See Treas.
Reg. § 301.7701-3(a), (b)(1)(ii).
17

[*17] IV. LHDC agreed to make payments to Gary Lala.

In 2003, LHDC’s contract with the Jefferson Parish PHA was up
for renewal. A former vice chairman of the Jefferson Parish PHA, Gary
Lala (Lala), contacted William. Lala suggested that he would attempt to
secure the contract for himself unless LHDC entered into a business
arrangement with him. Lala’s best friend was the chairman of the board
of the Jefferson Parish PHA, Barry Bordelon. Not wanting LHDC to lose
the Jefferson Parish Section 8 housing program contract, William
agreed that Lala could receive payments from LHDC. Lala and LHDC
drew up a contract in 2003. That contract is not in the record.

V. Hurricane Katrina affected LHDC operations.

Hurricane Katrina, which hit the Gulf Coast in August 2005,
destroyed LHDC’s Jefferson Parish office and disrupted LHDC’s
operations. To help LHDC recover, William and Mary’s daughter Tracy
and her husband Robert moved from Austin, Texas to work for LHDC.
Tracy was a lawyer with a solo practice in Austin, Texas. Before that
she had worked as an in-house tax lawyer for Exxon Mobil and BP. After
the post-Katrina move to Louisiana, Tracy began to perform regulatory
compliance work for LHDC. Robert had been working as an information-
technology professional in Austin. After the post-Katrina move to
Louisiana, he began working for LHDC without a specific title. In 2014,
he became its president.

VI. LHDC began administering Disaster Housing Assistance
Program payments for Jefferson Parish PHA.

Katrina displaced many people living in Jefferson Parish and
other parts of the U.S. Gulf Coast. The Federal Emergency Management
Agency partnered with HUD to develop the Disaster Housing Assistance
Program (DHAP), whose purpose was to provide disaster-relief housing
for victims displaced by Katrina. LHDC received a contract with
Jefferson Parish PHA to administer its DHAP payments.

VII. In 2006, LHDC and Lala replaced their 2003 contract with a new
contract.

The 2003 contract between LHDC and Lala was replaced with a
new contract each time LHDC renewed its contract with the Jefferson
Parish PHA. In 2006, the 2003 LHDC-Lala contract was replaced by a
new contract.
18

[*18] The 2006 contract, which was signed by William Frazier as
LHDC’s “duly authorized President,” provided that Lala would be
employed as the vice president of LHDC. Under the contract, LHDC was
required to pay Lala a base fee of $400,080 per year. In addition to this
base fee, Lala was to be paid a fee calculated by reference to increased
fees received by LHDC for administering Section 8 payments:

An additional monthly fee of 33% of the net increase in the Base
Administrative Fee received by LHDC above the sum received for the
same month in the previous calendar year. Should the gross unit
administrative fee 8 that LHDC receives from the Authority fall below
the Base Administrative Fee for the same month in the previous
calendar year, 33% of the reduction shall be offset against future or
current payments. 9

“Base Administrative Fee” was defined as the fee that LHDC
received each month for providing Section 8-related administrative
services to PHAs.

Furthermore, the contract required LHDC to pay Lala 50% of fees
that LHDC earned from new programs:

Additional compensation: Fees for any new programs such as
Disaster Voucher Program (DVP) one time placement fees, affordable
housing, homeownership and consulting grants, all shall be paid at a
rate of one-half (50%)

The contract also provided that Lala was entitled to
reimbursement for business-related meals, entertainment, travel, and
telephone expenses of $4,000 per month.

Except for exercising his influence with the Jefferson Parish
PHA, Lala seems to have performed little work for LHDC. He did not

8 The contract does not define “gross unit administrative fee.” There is nothing

else in the record that allows us to discern what the “gross unit administrative fee” is.
We need not make a finding as to what constitutes the “gross unit administrative fee”
because the specific terms of Lala’s compensation under his contract with LHDC has
no bearing on the outcome of the issues under dispute.
9 The contract does not elaborate on what payments the 33% reductions are

offset against. Like the “gross unit administrative fee,” see supra note 8, we need not
make a finding as to what payments the 33% reductions are being offset against
because the specific terms of Lala’s compensation under his contract with LHDC has
no bearing on the outcome of the issues in dispute.
19

[*19] have an office at the LHDC headquarters. He went into LHDC’s
headquarters infrequently, if ever. Other LHDC workers considered him
a political “leech.”

VIII. Louisiana Assisted began administering DHAP payments for
Mississippi Gulf Coast; Bobbie sold 50% of her share of Louisiana
Assisted to LHDC in exchange for LHDC’s assistance in doing so.

Around 2007, HUD awarded Louisiana Assisted a contract to
administer DHAP payments for portions of the Mississippi Gulf Coast. 10
These payments were apparently handled without the involvement of a
PHA. Bobbie, who was the sole owner of Louisiana Assisted, was
concerned that Louisiana Assisted lacked the necessary personnel, office
space, and information technology, for such an undertaking. Bobbie
orally agreed with William that Louisiana Assisted could use LHDC’s
personnel, office space, and information technology to administer the
DHAP payments to residents of the Mississippi Gulf Coast in exchange
for LHDC receiving a 50% membership interest in Louisiana Assisted.
We refer to this agreement as the 2007 oral agreement.

William and Bobbie were concerned that Lala would take the view
that he was entitled to a portion of the Louisiana Assisted fees for the
Mississippi Gulf Coast under his 2006 agreement with LHDC.
Therefore, they attempted to conceal that LHDC had received a 50%
membership interest in Louisiana Assisted. As described later, the tax
returns of Louisiana Assisted, the Fraziers, and LHDC, were prepared
in such a way as to hide LHDC’s ownership interest in Louisiana
Assisted and report that William was the owner.

IX. Business operations of LHDC and Louisiana Assisted during the
years at issue

During the years at issue, 2009–2012, LHDC and Louisiana
Assisted were administering the following housing programs:

10 The Mississippi Gulf Coast refers to the area of the State of Mississippi that

is along the Gulf of Mexico.
20

[*20] LHDC Louisiana Assisted
Section 8 City of Shreveport PHA Plaquemines Parish PHA
Jefferson Parish PHA Other PHAs
Other PHAs
DHAP Jefferson Parish PHA Areas of Mississippi Gulf Coast (no
PHAs involved)

Pursuant to the 2007 oral agreement, LHDC provided Louisiana
Assisted services (through its workers, both workers treated as
employees and workers treated as independent contractors), office
space, and information systems, to assist Louisiana Assisted in
administering the Mississippi Gulf Coast DHAP program. LHDC also
administered its own contracts.

LHDC and Louisiana Assisted each had their own workers and
their own payment system for making wage and non-wage payments to
the workers. LHDC paid its workers (and paid non-wage payroll
expenses) through the use of Creative Payroll Solutions, a professional
employer organization.

Creative Payroll Solutions performed LHDC’s payroll function,
which includes paying those workers that LHDC treated as employees,
and performing payroll services related to payroll compliance, workers’
compensation, health insurance, retirement, 401(k), dental plans, and
company benefit plans. 11 Creative Payroll Solutions also paid
professional fees to workers who were not treated as employees.

The people who worked for LHDC, and who were treated as
employees by LHDC, were paid by Creative Payroll Solutions, which in
turn received payment from LHDC. The wage for each such worker was
determined by LHDC. LHDC would pay Creative Payroll Solutions
amounts equal to (1) wages for all such workers, (2) payroll expenses
that were not related to wages, and (3) a fee for Creative Payroll

11 Trombetta ran Creative Payroll Solutions. Trombetta was also the Fraziers’

and LHDC’s long-time accountant. He began working for them in the mid-1980s. He
was a certified public accountant and was licensed with the State of Louisiana to
practice accounting. Trombetta prepared the Fraziers’ Forms 1040, U.S. Individual
Income Tax Return; LHDC’s Forms 1120, U.S. Corporation Income Tax Return; and
LHDC’s annual income statement. Another accounting firm prepared the Forms 1065,
U.S. Return of Partnership Income, for Louisiana Assisted.
21

[*21] Solutions. Every two weeks Creative Payroll Solutions would pay
these workers their wages.

LHDC paid Creative Payroll Solutions $2,770,775.28 in 2010,
which is the same amount that LHDC reported as a deduction for
salaries and wages on its 2010 tax return. LHDC paid Creative Payroll
Solutions $2,326,406.19 in 2011, which is the same amount that LHDC
reported as a deduction for salaries and wages on its 2011 tax return.
Our reasoning for the findings in this paragraph is discussed infra,
OPINION Part III.B.1.

Creative Payroll Solutions also wrote checks on behalf of LHDC
to various payees for professional fees. Creative Payroll Solutions had a
facsimile of William’s signature that it used to sign the checks to these
payees.

LHDC paid professional fees in the amount of $1,818,542 in 2011,
which is the same amount that LHDC reported as a deduction for
professional fees on its 2011 tax return. Our reasoning for this finding
is discussed infra, OPINION Part III.B.2.

X. During the years at issue, Louisiana Assisted made cash
distributions to LHDC and reimbursed LHDC for certain
expenses.

During the years at issue, Louisiana Assisted made two types of
transfers of funds to LHDC for two reasons. First, Louisiana Assisted
made cash distributions to LHDC, and second, Louisiana Assisted
reimbursed LHDC for certain expenses paid for work performed on
behalf of Louisiana Assisted. LHDC’s income statements and
Trombetta’s testimony help us trace the movements of cash from
Louisiana Assisted to LHDC.

A. During the years at issue, Trombetta’s accounting firm
prepared income statements for LHDC.

For the years at issue, Trombetta’s accounting firm prepared an
income statement for LHDC. These income statements show LHDC’s
revenue and expenditures for the calendar years of 2009, 2010, 2011,
and 2012. Although they were not filed with the IRS as part of LHDC’s
tax returns, Trombetta used them in preparing LHDC’s tax returns.

Three line items in LHDC’s income statements represent cash
received from Louisiana Assisted:
22

[*22] (1) “Fees – LA Assisted Housing, LLC,” which is in LHDC’s 2009
and 2010 income statements, but not in LHDC’s 2011 and 2012
income statements;

(2) “Fees Reimbursed LA Assisted Housing,” which is in LHDC’s
income statements for all four years (2009–2012); and

(3) “Other Income,” which is only in LHDC’s 2012 income
statement.

The following table shows the amounts recorded for these three
categories (i.e., “Fees – LA Assisted Housing, LLC,” “Fees Reimbursed
LA Assisted Housing,” and “Other Income”) along with amounts
recorded for “Total Sales” (for reference) in LHDC’s income statements
for every tax year at issue:

Fees
Income Fees – LA
Reimbursed
Statement Assisted Other Income Total Sales
LA Assisted
Year Housing, LLC
Housing

2009 $2,165,000 $17,560 N/A $9,239,547

2010 765,000 17,460 N/A 5,528,510

2011 N/A 477,114 N/A 4,830,470

2012 N/A 926,434 165,000 4,731,274

We now address some aspects of LHDC’s income statements that
are not explained by the statements but by other parts of the record.

First, for 2009 and 2010, Trombetta intended for “Fees – LA
Assisted Housing, LLC” to show cash distributions from Louisiana
Assisted and “Fees Reimbursed LA Assisted Housing” to show
reimbursements for costs that LHDC paid for work performed on behalf
of Louisiana Assisted.

Second, the 2011 income statement does not have the “Fees – LA
Assisted Housing, LLC.” Instead, Trombetta recorded the total $477,114
of cash that LHDC received from Louisiana Assisted (consisting of the
$450,000 cash distribution and $27,114 of reimbursements) in “Fees
Reimbursed LA Assisted Housing” for 2011. The $450,000 cash
distribution component in “Fees Reimbursed LA Assisted Housing” in
LHDC’s 2011 income statement matches the $450,000 reported in the
23

[*23] “Distributions” box in Louisiana Assisted’s 2011 Schedule K–1
issued to William. 12

Third, the information in the record is inconsistent as to the total
amount of money that LHDC received from Louisiana Assisted in 2012.
Louisiana Assisted reported a $942,271 distribution on the Schedule
K–1 issued to William. LHDC’s 2012 income statement did not have a
“Fees – LA Assisted Housing, LLC” line item. We might expect that the
“Fees Reimbursed LA Assisted Housing” line item contained the
combined amount of money that LHDC received from Louisiana
Assisted for the cash distribution and reimbursements—since that was
the case in 2011. However, the “Fees Reimbursed LA Assisted Housing”
line item for 2012 shows $926,434, which is less than the $942,271
reported as a distribution on the Schedule K–1.

We make no finding as to whether $942,271, $926,434, or another
amount was the actual amount of combined cash that LHDC received
from Louisiana Assisted in 2012 for the cash distribution and
reimbursements.

Lastly, the $165,000 of “Other Income” on LHDC’s 2012 income
statement refers to the proceeds from the sale of the 50% Louisiana
Assisted membership interest pursuant to the 2012 agreement.

B. During the years at issue, Louisiana Assisted paid cash
distributions to LHDC.

In the early phase of Louisiana Assisted and LHDC’s
collaboration, Bobbie would write checks for cash distributions from
Louisiana Assisted to herself and to LHDC. For the checks she made out
to LHDC, she would mail them directly to Trombetta’s office, a member
of which would then deposit each check into LHDC’s account.

But recall supra FINDINGS OF FACT Part IV, that, in 2003,
LHDC and Lala had entered into a contract in which LHDC had agreed
to hire Lala as vice-president of LHDC and agreed to compensate him
in part based on certain types of fees earned by LHDC. Lala had already
attempted to collect compensation from LHDC (to which the Fraziers
believed he was not entitled under the terms of the contract) based on
his broad interpretation of the new programs clause. Although, the fees
to which Lala was entitled under the contract arguably did not include

12 Louisiana Assisted issued Schedules K–1 to Bobbie and William for 2009,

2010, 2011, and 2012. See infra FINDINGS OF FACT Part XVII.A.1.
24

[*24] cash distributions from Louisiana Assisted, the Fraziers were
concerned that if Lala discovered that LHDC was an owner of Louisiana
Assisted, he would attempt to claim a portion of LHDC’s cash
distributions from Louisiana Assisted as part of his compensation.
Therefore, William asked Bobbie to make the distribution checks out to
him, instead of LHDC, in order to conceal the revenue from Lala. Bobbie
made the checks out to William and sent them to Trombetta who
deposited them directly into LHDC’s account.

The cash distributions continued to be paid to LHDC despite the
checks being written out to William. William never received any cash
distributions from Louisiana Assisted.

Louisiana Assisted paid cash distributions to LHDC of $2,165,000
in 2009, $765,000 in 2010, $450,000 in 2011, and an undetermined
amount, in 2012.

C. During the years at issue, Louisiana Assisted made
reimbursements payments to LHDC.

Louisiana Assisted made reimbursement payments to LHDC of
$17,560 in 2009, $17,460 in 2010, $27,114 in 2011, and an indeterminate
amount in 2012.

Both LHDC and Louisiana Assisted paid expenses for salary and
wages of their respective workers. Workers performing duties for LHDC
were expected to perform the same work for Louisiana Assisted on
DHAP contracts if needed. There were no intercompany payments for
these services other than the understanding that part of the
consideration that LHDC provided in exchange for its 50% interest in
Louisiana Assisted was to allow Louisiana Assisted to use LHDC’s
personnel to administer Louisiana Assisted’s DHAP contracts.

XI. In 2012, LHDC sold of its 50% membership interest in Louisiana
Assisted to Bobbie.

In 2012, LHDC sold its 50% membership interest in Louisiana
Assisted back to Bobbie for $165,000. She sent the check directly to
Trombetta, who deposited the money in LHDC’s account.
25

[*25] XII. In 2012, the Fraziers sold securities from the Merrill Lynch
brokerage account.

During 2012, the Fraziers made 1,030 sales of securities from
their Merrill Lynch brokerage account. Each of these 1,030 sales was
reported on a Form 1099-B, Proceeds from Broker and Barter Exchange
Transactions, that was sent by Merrill Lynch to the Fraziers. We
admitted the Form 1099-B into evidence. The IRS suggests that the
information in the Form 1099-B sent to the Fraziers is different from
the information on the Form 1099-B Merrill Lynch sent to the IRS.
However, the Form 1099-B Merrill Lynch sent to the IRS is not in
evidence. Therefore, we cannot determine if the information on the Form
1099-B sent to the Fraziers is different from the information on the
Form 1099-B sent to the IRS.

The 1,030 sales reported on the Form 1099-B sent by Merrill
Lynch to the Fraziers involved the following eight securities:

Abbreviation Used in Form
Full Name CUSIP
1099-B
Columbia Tax Exempt Fund A 19765L850 Col. Tax Ex. Fd. A
Nuveen Louisiana Municipal Nuveen LA Muni A
67065P881
Bond A
Blackrock National Municipal I 09253C876 Blackrock Nat I
Orange County FL A Sales 684515PY9 Orange Cty FL A
New York N Y Subser 64966JD78 NY Subser
Michigan Municipal BD Auth. MI Muni Auth Rev
59455TZN5
Rev.
Nuveen Quality Income Nuveen Qlty Muni
670977107
Municipal
BlackRock MuniHoldings Fund II 09253P109 Blackrock MH II

Replicated below is the information found in the Form 1099-B
sent by Merrill Lynch to the Fraziers:
26

[*26] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Col. Tax Ex. Fd. A 1/31/2012 3/15/2012 17.000 $235.46 $238.16 0.00 −$2.70
Col. Tax Ex. Fd. A 2/29/2012 3/15/2012 1.000 13.85 13.99 0.00 −0.14
Col. Tax Ex. Fd. A 2/29/2012 3/15/2012 15.000 207.76 209.85 0.00 −2.09
Col. Tax Ex. Fd. A 2/29/2012 3/27/2012 0.132 1.83 1.85 0.00 −0.02
Col. Tax Ex. Fd. A 4/30/2012 5/22/2012 0.488 6.89 6.77 0.00 0.12
Col. Tax Ex. Fd. A 5/31/2012 6/26/2012 0.001 0.01 0.01 0.00 0.00
Col. Tax Ex. Fd. A 3/30/2012 7/23/2012 6.000 85.62 83.28 0.00 2.34
Col. Tax Ex. Fd. A 7/31/2012 8/21/2012 0.004 0.06 0.05 0.00 0.01
Nuveen LA Muni A 1/31/2012 3/15/2012 1.000 11.21 11.13 0.00 0.08
Nuveen LA Muni A 1/31/2012 3/15/2012 13.000 145.74 147.03 0.00 −1.29
Nuveen LA Muni A 2/29/2012 3/15/2012 1.000 11.21 11.32 0.00 −0.11
Nuveen LA Muni A 2/29/2012 3/15/2012 13.000 145.75 147.16 0.00 −1.41
Nuveen LA Muni A 2/29/2012 3/27/2012 0.040 0.45 0.45 0.00 0.00
Nuveen LA Muni A 4/30/2012 5/22/2012 0.913 10.39 10.23 0.00 0.16
Nuveen LA Muni A 6/1/2012 6/26/2012 0.002 0.02 0.02 0.00 0.00
Nuveen LA Muni A 3/30/2012 7/23/2012 5.000 57.55 56.05 0.00 1.50
Nuveen LA Muni A 7/31/2012 8/21/2012 0.003 0.03 0.03 0.00 0.00
Blackrock Nat I 1/31/2012 3/15/2012 18.000 193.33 194.94 0.00 −1.61
Blackrock Nat I 2/29/2012 3/15/2012 1.000 10.74 10.67 0.00 0.07
Blackrock Nat I 2/29/2012 3/15/2012 17.000 182.6 183.94 0.00 −1.34
Blackrock Nat I 2/29/2012 3/23/2012 0.365 3.91 3.95 0.00 −0.04
Blackrock Nat I 4/30/2012 5/18/2012 0.550 6.02 5.9 0.00 0.12
Blackrock Nat I 5/31/2012 6/22/2012 0.001 0.01 0.01 0.00 0.00
Blackrock Nat I 3/30/2012 7/23/2012 6.000 66.54 64.44 0.00 2.10
Blackrock Nat I 7/31/2012 8/17/2012 0.0030 0.03 0.03 0.00 0.00
Orange Cty FL A 4/5/2012 12/11/2012 10,000.000 12,248.80 11,361.59 0.00 887.21
NY Subser 4/11/2012 12/7/2012 10,000.000 12,700.00 12,137.27 0.00 562.73
MI Muni Auth Rev 3/21/2012 4/13/2012 10,000.000 11,886.10 11,437.06 0.00 449.04
Col. Tax Ex. Fd. A 3/31/2011 3/15/2012 17.000 235.45 214.84 0.00 20.61
Col. Tax Ex. Fd. A 4/29/2011 3/15/2012 16.000 221.60 205.41 0.00 16.19
Col. Tax Ex. Fd. A 4/29/2011 3/15/2012 1.000 13.84 12.65 0.00 1.19
Col. Tax Ex. Fd. A 5/31/2011 3/15/2012 1.000 13.85 13.00 0.00 0.85
Col. Tax Ex. Fd. A 5/31/2011 3/15/2012 19.000 263.15 248.02 0.00 15.13
Col. Tax Ex. Fd. A 6/30/2011 3/15/2012 16.000 221.60 209.92 0.00 11.68
Col. Tax Ex. Fd. A 6/30/2011 3/15/2012 1.000 13.85 13.08 0.00 0.77
Col. Tax Ex. Fd. A 7/29/2011 3/15/2012 18.000 249.30 237.95 0.00 11.35
Col. Tax Ex. Fd. A 7/29/2011 3/15/2012 1.000 13.85 13.17 0.00 0.68
Col. Tax Ex. Fd. A 8/31/2011 3/15/2012 17.000 235.45 226.77 0.00 8.68
Col. Tax Ex. Fd. A 9/30/2011 3/15/2012 17.000 235.45 229.50 0.00 5.95
Col. Tax Ex. Fd. A 10/31/2011 3/15/2012 17.000 235.45 227.62 0.00 7.83
Col. Tax Ex. Fd. A 10/31/2011 3/15/2012 1.000 13.85 13.42 0.00 0.43
Col. Tax Ex. Fd. A 11/30/2011 3/15/2012 16.000 221.60 214.88 0.00 6.72
Col. Tax Ex. Fd. A 11/30/2011 3/15/2012 1.000 13.85 13.41 0.00 0.44
Col. Tax Ex. Fd. A 12/30/2011 3/15/2012 16.000 221.60 218.39 0.00 3.21
Nuveen LA Muni A 3/31/2011 3/15/2012 14.000 156.95 142.37 0.00 14.58
Nuveen LA Muni A 3/31/2011 3/15/2012 1.000 11.21 10.21 0.00 1.00
Nuveen LA Muni A 4/29/2011 3/15/2012 14.000 156.95 144.75 0.00 12.20
27

[*27] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Nuveen LA Muni A 4/29/2011 3/15/2012 1.000 11.21 10.24 0.00 0.97
Nuveen LA Muni A 5/31/2011 3/15/2012 14.000 156.95 147.70 0.00 9.25
Nuveen LA Muni A 6/30/2011 3/15/2012 14.000 156.95 148.68 0.00 8.27
Nuveen LA Muni A 6/30/2011 3/15/2012 1.000 11.21 10.48 0.00 0.73
Nuveen LA Muni A 7/29/2011 3/15/2012 14.000 156.95 149.93 0.00 7.02
Nuveen LA Muni A 8/31/2011 3/15/2012 14.000 156.95 151.33 0.00 5.62
Nuveen LA Muni A 9/30/2011 3/15/2012 14.000 156.95 153.16 0.00 3.79
Nuveen LA Muni A 10/31/2011 3/15/2012 14.000 156.95 152.17 0.00 4.78
Nuveen LA Muni A 10/31/2011 3/15/2012 1.000 11.21 10.75 0.00 0.46
Nuveen LA Muni A 11/30/2011 3/15/2012 14.000 156.95 152.74 0.00 4.21
Nuveen LA Muni A 12/30/2011 3/15/2012 14.000 156.95 155.12 0.00 1.83
Blackrock Nat I 3/31/2011 3/15/2012 21.000 225.55 204.11 0.00 21.44
Blackrock Nat I 4/29/2011 3/15/2012 20.000 214.81 197.40 0.00 17.41
Blackrock Nat I 4/29/2011 3/15/2012 1.000 10.74 9.79 0.00 0.95
Blackrock Nat I 5/31/2011 3/15/2012 20.000 214.81 200.60 0.00 14.21
Blackrock Nat I 5/31/2011 3/15/2012 1.000 10.74 9.92 0.00 0.82
Blackrock Nat I 6/30/2011 3/15/2012 20.000 214.81 200.99 0.00 13.82
Blackrock Nat I 7/29/2011 3/15/2012 20.000 214.81 202.19 0.00 12.62
Blackrock Nat I 7/29/2011 3/15/2012 1.000 10.74 10.05 0.00 0.69
Blackrock Nat I 8/31/2011 3/15/2012 19.000 204.07 194.56 0.00 9.51
Blackrock Nat I 9/30/2011 3/15/2012 18.000 193.32 187.38 0.00 5.94
Blackrock Nat I 9/30/2011 3/15/2012 1.000 10.74 10.35 0.00 0.39
Blackrock Nat I 10/31/2011 3/15/2012 18.000 193.33 186.12 0.00 7.21
Blackrock Nat I 11/30/2011 3/15/2012 18.000 193.33 185.75 0.00 7.58
Blackrock Nat I 11/30/2011 3/15/2012 1.000 10.74 10.34 0.00 0.40
Blackrock Nat I 12/30/2011 3/15/2012 18.000 193.33 188.81 0.00 4.52
Blackrock Nat I 12/30/2011 3/15/2012 1.000 10.74 10.36 0.00 0.38
Col. Tax Ex. Fd. A 5/4/1991 4/26/2012 8.000 112.08 115.62 0.00 −3.54
Nuveen LA Muni A 9/18/1993 4/26/2012 4.000 45.16 45.00 0.00 0.16
Nuveen LA Muni A 10/20/1993 4/26/2012 2.000 22.58 22.64 0.00 −0.06
Blackrock Nat I 8/10/1999 4/26/2012 5.000 54.25 54.35 0.00 −0.10
Nuveen Qlty Muni 6/26/1991 3/15/2012 1,000.000 14,586.74 15,000.00 0.00 −413.26
Blackrock MH II 2/24/1998 3/15/2012 1,400.000 22,123.80 21,000.00 0.00 1,123.80
Col. Tax Ex. Fd. A 3/19/1991 3/15/2012 10.000 138.49 136.96 0.00 1.53
Col. Tax Ex. Fd. A 4/19/1991 3/15/2012 8.000 110.79 115.37 4.58 0.00
Col. Tax Ex. Fd. A 4/19/1991 3/15/2012 4.000 55.40 57.68 0.00 −2.28
Col. Tax Ex. Fd. A 5/23/1991 3/15/2012 13.000 180.04 187.07 0.00 −7.03
Col. Tax Ex. Fd. A 6/19/1991 3/15/2012 11.000 152.34 150.28 0.00 2.06
Col. Tax Ex. Fd. A 7/19/1991 3/15/2012 12.000 166.20 172.70 0.00 −6.50
Col. Tax Ex. Fd. A 8/20/1991 3/15/2012 12.000 166.19 174.54 0.00 −8.35
Col. Tax Ex. Fd. A 9/20/1991 3/15/2012 12.000 166.20 168.14 0.00 −1.94
Col. Tax Ex. Fd. A 10/22/1991 3/15/2012 11.000 152.35 162.54 0.00 −10.19
Col. Tax Ex. Fd. A 11/25/1991 3/15/2012 12.000 166.19 176.71 0.00 −10.52
Col. Tax Ex. Fd. A 12/24/1991 3/15/2012 12.000 166.19 168.49 0.00 −2.30
Col. Tax Ex. Fd. A 1/21/1992 3/15/2012 12.000 166.20 177.78 0.00 −11.58
Col. Tax Ex. Fd. A 2/20/1992 3/15/2012 12.000 166.19 168.05 0.00 −1.86
Col. Tax Ex. Fd. A 3/19/1992 3/15/2012 11.000 152.34 160.56 0.00 −8.22
28

[*28] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Col. Tax Ex. Fd. A 4/21/1992 3/15/2012 13.000 180.05 190.40 0.00 −10.35
Col. Tax Ex. Fd. A 5/20/1992 3/15/2012 12.000 166.19 169.08 0.00 −2.89
Col. Tax Ex. Fd. A 6/19/1992 3/15/2012 12.000 166.20 178.32 0.00 −12.12
Col. Tax Ex. Fd. A 7/22/1992 3/15/2012 12.000 166.19 182.52 0.00 −16.33
Col. Tax Ex. Fd. A 8/19/1992 3/15/2012 11.000 152.35 167.69 0.00 −15.34
Col. Tax Ex. Fd. A 9/22/1992 3/15/2012 13.000 180.04 196.44 0.00 −16.40
Col. Tax Ex. Fd. A 10/20/1992 3/15/2012 12.000 166.20 179.50 0.00 −13.30
Col. Tax Ex. Fd. A 11/20/1992 3/15/2012 43.000 595.55 624.96 0.00 −29.41
Col. Tax Ex. Fd. A 12/22/1992 3/15/2012 11.000 152.35 163.93 0.00 −11.58
Col. Tax Ex. Fd. A 1/22/1993 3/15/2012 12.000 166.20 179.28 0.00 −13.08
Col. Tax Ex. Fd. A 2/23/1993 3/15/2012 13.000 180.04 197.00 0.00 −16.96
Col. Tax Ex. Fd. A 3/22/1993 3/15/2012 10.000 138.50 146.04 0.00 −7.54
Col. Tax Ex. Fd. A 4/22/1993 3/15/2012 12.000 166.19 184.46 0.00 −18.27
Col. Tax Ex. Fd. A 5/20/1993 3/15/2012 12.000 166.20 176.12 0.00 −9.92
Col. Tax Ex. Fd. A 6/23/1993 3/15/2012 12.000 166.20 185.02 0.00 −18.82
Col. Tax Ex. Fd. A 7/21/1993 3/15/2012 11.000 152.35 171.85 0.00 −19.50
Col. Tax Ex. Fd. A 8/20/1993 3/15/2012 12.000 166.20 179.58 0.00 −13.38
Col. Tax Ex. Fd. A 9/22/1993 3/15/2012 12.000 166.20 189.41 0.00 −23.21
Col. Tax Ex. Fd. A 10/20/1993 3/15/2012 10.000 138.50 152.21 0.00 −13.71
Col. Tax Ex. Fd. A 11/22/1993 3/15/2012 38.000 526.30 576.90 0.00 −50.60
Col. Tax Ex. Fd. A 12/22/1993 3/15/2012 12.000 166.20 186.40 0.00 −20.20
Col. Tax Ex. Fd. A 1/21/1994 3/15/2012 12.000 166.20 178.92 0.00 −12.72
Col. Tax Ex. Fd. A 2/25/1994 3/15/2012 12.000 166.20 185.56 0.00 −19.36
Col. Tax Ex. Fd. A 3/22/1994 3/15/2012 11.000 152.35 157.82 0.00 −5.47
Col. Tax Ex. Fd. A 4/21/1994 3/15/2012 13.000 180.05 189.10 0.00 −9.05
Col. Tax Ex. Fd. A 5/19/1994 3/15/2012 13.000 180.05 189.08 0.00 −9.03
Col. Tax Ex. Fd. A 6/21/1994 3/15/2012 14.000 193.90 204.23 0.00 −10.33
Col. Tax Ex. Fd. A 7/19/1994 3/15/2012 11.000 152.34 160.36 0.00 −8.02
Col. Tax Ex. Fd. A 8/23/1994 3/15/2012 13.000 180.05 189.40 0.00 −9.35
Col. Tax Ex. Fd. A 9/21/1994 3/15/2012 13.000 180.05 186.25 0.00 −6.20
Col. Tax Ex. Fd. A 10/19/1994 3/15/2012 13.000 180.05 184.91 0.00 −4.86
Col. Tax Ex. Fd. A 11/18/1994 3/15/2012 55.000 761.75 702.70 0.00 59.05
Col. Tax Ex. Fd. A 11/21/1994 3/15/2012 15.000 207.75 195.37 0.00 12.38
Col. Tax Ex. Fd. A 12/20/1994 3/15/2012 14.000 193.90 188.98 0.00 4.92
Col. Tax Ex. Fd. A 1/19/1995 3/15/2012 13.000 180.05 179.27 0.00 0.78
Col. Tax Ex. Fd. A 2/23/1995 3/15/2012 15.000 207.75 210.87 0.00 −3.12
Col. Tax Ex. Fd. A 3/21/1995 3/15/2012 11.000 152.35 158.18 0.00 −5.83
Col. Tax Ex. Fd. A 4/19/1995 3/15/2012 13.000 180.05 187.64 0.00 −7.59
Col. Tax Ex. Fd. A 5/19/1995 3/15/2012 13.000 180.05 189.53 0.00 −9.48
Col. Tax Ex. Fd. A 6/21/1995 3/15/2012 14.000 193.90 202.23 0.00 −8.33
Col. Tax Ex. Fd. A 7/20/1995 3/15/2012 12.000 166.20 174.98 0.00 −8.78
Col. Tax Ex. Fd. A 8/21/1995 3/15/2012 14.000 193.90 198.98 0.00 −5.08
Col. Tax Ex. Fd. A 9/19/1995 3/15/2012 13.000 180.05 191.15 0.00 −11.10
Col. Tax Ex. Fd. A 10/23/1995 3/15/2012 13.000 180.05 191.92 0.00 −11.87
Col. Tax Ex. Fd. A 11/21/1995 3/15/2012 14.000 193.90 205.48 0.00 −11.58
Col. Tax Ex. Fd. A 11/21/1995 3/15/2012 24.000 332.40 346.57 0.00 −14.17
Col. Tax Ex. Fd. A 12/19/1995 3/15/2012 12.000 166.20 178.84 0.00 −12.64
29

[*29] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Col. Tax Ex. Fd. A 1/19/1996 3/15/2012 13.000 180.05 194.16 0.00 −14.11
Col. Tax Ex. Fd. A 2/21/1996 3/15/2012 14.000 193.90 210.73 0.00 −16.83
Col. Tax Ex. Fd. A 3/19/1996 3/15/2012 12.000 166.20 174.11 0.00 −7.91
Col. Tax Ex. Fd. A 4/19/1996 3/15/2012 14.000 193.90 202.23 0.00 −8.33
Col. Tax Ex. Fd. A 5/21/1996 3/15/2012 15.000 207.75 216.85 0.00 −9.10
Col. Tax Ex. Fd. A 6/19/1996 3/15/2012 13.000 180.05 185.73 0.00 −5.68
Col. Tax Ex. Fd. A 7/19/1996 3/15/2012 13.000 180.05 187.18 0.00 −7.13
Col. Tax Ex. Fd. A 8/20/1996 3/15/2012 14.000 193.90 204.73 0.00 −10.83
Col. Tax Ex. Fd. A 9/19/1996 3/15/2012 14.000 193.90 203.47 0.00 −9.57
Col. Tax Ex. Fd. A 10/21/1996 3/15/2012 14.000 193.90 204.23 0.00 −10.33
Col. Tax Ex. Fd. A 11/19/1996 3/15/2012 43.000 595.55 615.97 0.00 −20.42
Col. Tax Ex. Fd. A 11/19/1996 3/15/2012 14.000 193.90 203.23 0.00 −9.33
Col. Tax Ex. Fd. A 12/27/1996 3/15/2012 14.000 193.90 201.98 0.00 −8.08
Col. Tax Ex. Fd. A 1/21/1997 3/15/2012 15.000 207.75 215.21 0.00 −7.46
Col. Tax Ex. Fd. A 2/21/1997 3/15/2012 14.000 193.90 204.77 0.00 −10.87
Col. Tax Ex. Fd. A 3/21/1997 3/15/2012 13.000 180.05 188.07 0.00 −8.02
Col. Tax Ex. Fd. A 4/21/1997 3/15/2012 15.000 207.75 213.87 0.00 −6.12
Col. Tax Ex. Fd. A 5/21/1997 3/15/2012 14.000 193.90 202.65 0.00 −8.75
Col. Tax Ex. Fd. A 6/19/1997 3/15/2012 14.000 193.90 205.48 0.00 −11.58
Col. Tax Ex. Fd. A 7/21/1997 3/15/2012 14.000 193.90 207.48 0.00 −13.58
Col. Tax Ex. Fd. A 8/19/1997 3/15/2012 15.000 207.75 220.10 0.00 −12.35
Col. Tax Ex. Fd. A 9/19/1997 3/15/2012 14.000 193.90 207.23 0.00 −13.33
Col. Tax Ex. Fd. A 10/21/1997 3/15/2012 15.000 207.75 219.74 0.00 −11.99
Col. Tax Ex. Fd. A 11/19/1997 3/15/2012 4.000 55.39 56.70 0.00 −1.31
Col. Tax Ex. Fd. A 11/19/1997 3/15/2012 14.000 193.90 206.73 0.00 −12.83
Col. Tax Ex. Fd. A 11/19/1997 3/15/2012 2.000 27.69 28.71 0.00 −1.02
Col. Tax Ex. Fd. A 12/19/1997 3/15/2012 14.000 193.90 208.48 0.00 −14.58
Col. Tax Ex. Fd. A 1/21/1998 3/15/2012 15.000 207.75 225.89 0.00 −18.14
Col. Tax Ex. Fd. A 2/20/1998 3/15/2012 14.000 193.90 210.59 0.00 −16.69
Col. Tax Ex. Fd. A 3/19/1998 3/15/2012 13.000 180.05 194.39 0.00 −14.34
Col. Tax Ex. Fd. A 4/21/1998 3/15/2012 16.000 221.60 237.56 0.00 −15.96
Col. Tax Ex. Fd. A 5/19/1998 3/15/2012 13.000 180.05 193.46 0.00 −13.41
Col. Tax Ex. Fd. A 6/22/1998 3/15/2012 15.000 207.75 223.51 0.00 −15.76
Col. Tax Ex. Fd. A 7/21/1998 3/15/2012 15.000 207.75 222.95 0.00 −15.20
Col. Tax Ex. Fd. A 8/19/1998 3/15/2012 13.000 180.05 194.85 0.00 −14.80
Col. Tax Ex. Fd. A 9/21/1998 3/15/2012 15.000 207.75 225.84 0.00 −18.09
Col. Tax Ex. Fd. A 10/27/1998 3/15/2012 15.000 207.75 226.99 0.00 −19.24
Col. Tax Ex. Fd. A 11/19/1998 3/15/2012 49.000 678.65 716.97 0.00 −38.32
Col. Tax Ex. Fd. A 11/20/1998 3/15/2012 14.000 193.90 208.23 0.00 −14.33
Col. Tax Ex. Fd. A 12/21/1998 3/15/2012 14.000 193.90 209.23 0.00 −15.33
Col. Tax Ex. Fd. A 1/20/1999 3/15/2012 15.000 207.75 222.68 0.00 −14.93
Col. Tax Ex. Fd. A 2/22/1999 3/15/2012 15.000 207.75 222.87 0.00 −15.12
Col. Tax Ex. Fd. A 3/19/1999 3/15/2012 13.000 180.05 192.99 0.00 −12.94
Col. Tax Ex. Fd. A 4/20/1999 3/15/2012 15.000 207.75 221.61 0.00 −13.86
Col. Tax Ex. Fd. A 5/19/1999 3/15/2012 15.000 207.75 219.50 0.00 −11.75
Col. Tax Ex. Fd. A 6/21/1999 3/15/2012 15.000 207.75 215.74 0.00 −7.99
Col. Tax Ex. Fd. A 7/20/1999 3/15/2012 16.000 221.60 229.69 0.00 −8.09
30

[*30] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Col. Tax Ex. Fd. A 8/19/1999 3/15/2012 16.000 221.60 223.19 0.00 −1.59
Col. Tax Ex. Fd. A 9/21/1999 3/15/2012 17.000 235.45 236.07 0.00 −0.62
Col. Tax Ex. Fd. A 10/19/1999 3/15/2012 15.000 207.75 205.06 0.00 2.69
Col. Tax Ex. Fd. A 11/19/1999 3/15/2012 24.000 332.40 324.11 0.00 8.29
Col. Tax Ex. Fd. A 11/19/1999 3/15/2012 17.000 235.45 231.99 0.00 3.46
Col. Tax Ex. Fd. A 12/21/1999 3/15/2012 17.000 235.45 227.64 0.00 7.81
Col. Tax Ex. Fd. A 1/20/2000 3/15/2012 17.000 235.45 226.13 0.00 9.32
Col. Tax Ex. Fd. A 2/22/2000 3/15/2012 17.000 235.45 226.13 0.00 9.32
Col. Tax Ex. Fd. A 3/21/2000 3/15/2012 17.000 235.45 229.89 0.00 5.56
Col. Tax Ex. Fd. A 4/19/2000 3/15/2012 16.000 221.60 218.72 0.00 2.88
Col. Tax Ex. Fd. A 5/18/2000 3/15/2012 18.000 249.30 238.43 0.00 10.87
Col. Tax Ex. Fd. A 6/19/2000 3/15/2012 18.000 249.30 245.24 0.00 4.06
Col. Tax Ex. Fd. A 7/18/2000 3/15/2012 16.000 221.60 220.82 0.00 0.78
Col. Tax Ex. Fd. A 8/18/2000 3/15/2012 17.000 235.45 236.32 0.00 −0.87
Col. Tax Ex. Fd. A 9/18/2000 3/15/2012 16.000 221.60 223.00 0.00 −1.40
Col. Tax Ex. Fd. A 10/18/2000 3/15/2012 17.000 235.45 235.51 0.00 −0.06
Col. Tax Ex. Fd. A 11/17/2000 3/15/2012 11.000 152.35 147.48 0.00 4.87
Col. Tax Ex. Fd. A 11/20/2000 3/15/2012 19.000 263.15 262.15 0.00 1.00
Col. Tax Ex. Fd. A 12/18/2000 3/15/2012 15.000 207.75 213.87 0.00 −6.12
Col. Tax Ex. Fd. A 1/18/2001 3/15/2012 17.000 235.45 244.72 0.00 −9.27
Col. Tax Ex. Fd. A 2/20/2001 3/15/2012 18.000 249.30 256.70 0.00 −7.40
Col. Tax Ex. Fd. A 3/19/2001 3/15/2012 14.000 193.90 202.98 0.00 −9.08
Col. Tax Ex. Fd. A 4/18/2001 3/15/2012 16.000 221.60 227.24 0.00 −5.64
Col. Tax Ex. Fd. A 5/18/2001 3/15/2012 17.000 235.45 241.20 0.00 −5.75
Col. Tax Ex. Fd. A 6/18/2001 3/15/2012 17.000 235.45 243.21 0.00 −7.76
Col. Tax Ex. Fd. A 7/18/2001 3/15/2012 16.000 221.60 229.80 0.00 −8.20
Col. Tax Ex. Fd. A 8/20/2001 3/15/2012 17.000 235.45 246.74 0.00 −11.29
Col. Tax Ex. Fd. A 9/18/2001 3/15/2012 14.000 193.90 205.23 0.00 −11.33
Col. Tax Ex. Fd. A 10/18/2001 3/15/2012 16.000 221.60 232.35 0.00 −10.75
Col. Tax Ex. Fd. A 11/19/2001 3/15/2012 16.000 221.60 231.84 0.00 −10.24
Col. Tax Ex. Fd. A 11/21/2001 3/15/2012 2.000 27.69 28.31 0.00 −0.62
Col. Tax Ex. Fd. A 12/18/2001 3/15/2012 16.000 221.60 225.54 0.00 −3.94
Col. Tax Ex. Fd. A 1/18/2002 3/15/2012 17.000 235.45 245.04 0.00 −9.59
Col. Tax Ex. Fd. A 2/19/2002 3/15/2012 18.000 249.30 258.62 0.00 −9.32
Col. Tax Ex. Fd. A 3/18/2002 3/15/2012 15.000 207.75 213.31 0.00 −5.56
Col. Tax Ex. Fd. A 4/18/2002 3/15/2012 17.000 235.45 242.91 0.00 −7.46
Col. Tax Ex. Fd. A 5/20/2002 3/15/2012 17.000 235.45 242.09 0.00 −6.64
Col. Tax Ex. Fd. A 6/18/2002 3/15/2012 16.000 221.60 231.34 0.00 −9.74
Col. Tax Ex. Fd. A 7/18/2002 3/15/2012 16.000 221.60 232.64 0.00 −11.04
Col. Tax Ex. Fd. A 8/19/2002 3/15/2012 17.000 235.45 248.29 0.00 −12.84
Col. Tax Ex. Fd. A 9/18/2002 3/15/2012 15.000 207.75 222.54 0.00 −14.79
Col. Tax Ex. Fd. A 10/18/2002 3/15/2012 17.000 235.45 247.91 0.00 −12.46
Col. Tax Ex. Fd. A 11/15/2002 3/15/2012 12.000 166.20 178.21 0.00 −12.01
Col. Tax Ex. Fd. A 11/15/2002 3/15/2012 5.000 69.24 70.88 0.00 −1.64
Col. Tax Ex. Fd. A 11/18/2002 3/15/2012 17.000 235.45 247.46 0.00 −12.01
Col. Tax Ex. Fd. A 12/18/2002 3/15/2012 17.000 235.45 247.49 0.00 −12.04
Col. Tax Ex. Fd. A 1/21/2003 3/15/2012 19.000 263.15 276.09 0.00 −12.94
31

[*31] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Col. Tax Ex. Fd. A 2/18/2003 3/15/2012 15.000 207.75 220.28 0.00 −12.53
Col. Tax Ex. Fd. A 3/18/2003 3/15/2012 15.000 207.75 221.61 0.00 −13.86
Col. Tax Ex. Fd. A 4/21/2003 3/15/2012 18.000 249.30 263.71 0.00 −14.41
Col. Tax Ex. Fd. A 5/19/2003 3/15/2012 15.000 207.75 224.28 0.00 −16.53
Col. Tax Ex. Fd. A 6/18/2003 3/15/2012 16.000 221.60 239.22 0.00 −17.62
Col. Tax Ex. Fd. A 7/18/2003 3/15/2012 16.000 221.60 235.39 0.00 −13.79
Col. Tax Ex. Fd. A 8/18/2003 3/15/2012 15.000 221.60 230.37 0.00 −8.77
Col. Tax Ex. Fd. A 9/18/2003 3/15/2012 17.000 235.45 248.06 0.00 −12.61
Col. Tax Ex. Fd. A 10/20/2003 3/15/2012 18.000 249.30 260.27 0.00 −10.97
Col. Tax Ex. Fd. A 11/14/2003 3/15/2012 11.000 152.35 155.12 0.00 −2.77
Col. Tax Ex. Fd. A 11/18/2003 3/15/2012 16.000 221.60 234.20 0.00 −12.60
Col. Tax Ex. Fd. A 12/18/2003 3/15/2012 16.000 221.60 234.35 0.00 −12.75
Col. Tax Ex. Fd. A 1/20/2004 3/15/2012 19.000 263.15 279.31 0.00 −16.16
Col. Tax Ex. Fd. A 2/18/2004 3/15/2012 15.000 207.75 221.61 0.00 −13.86
Col. Tax Ex. Fd. A 3/18/2004 3/15/2012 14.000 193.90 208.73 0.00 −14.83
Col. Tax Ex. Fd. A 4/19/2004 3/15/2012 16.000 221.60 231.79 0.00 −10.19
Col. Tax Ex. Fd. A 5/18/2004 3/15/2012 15.000 207.75 214.40 0.00 −6.65
Col. Tax Ex. Fd. A 6/18/2004 3/15/2012 17.000 235.45 242.55 0.00 −7.10
Col. Tax Ex. Fd. A 7/19/2004 3/15/2012 16.000 221.60 231.22 0.00 −9.62
Col. Tax Ex. Fd. A 8/18/2004 3/15/2012 17.000 235.45 246.97 0.00 −11.52
Col. Tax Ex. Fd. A 9/20/2004 3/15/2012 18.000 249.30 261.54 0.00 −12.24
Col. Tax Ex. Fd. A 10/18/2004 3/15/2012 17.000 235.45 247.74 0.00 −12.29
Col. Tax Ex. Fd. A 11/18/2004 3/15/2012 13.000 180.05 189.75 0.00 −9.70
Col. Tax Ex. Fd. A 11/18/2004 3/15/2012 17.000 235.45 246.08 0.00 −10.63
Col. Tax Ex. Fd. A 12/20/2004 3/15/2012 18.000 249.30 260.57 0.00 −11.27
Col. Tax Ex. Fd. A 1/18/2005 3/15/2012 17.000 235.45 246.87 0.00 −11.42
Col. Tax Ex. Fd. A 2/18/2005 3/15/2012 17.000 235.45 247.21 0.00 −11.76
Col. Tax Ex. Fd. A 3/18/2005 3/15/2012 16.000 221.60 231.55 0.00 −9.95
Col. Tax Ex. Fd. A 4/18/2005 3/15/2012 17.000 235.45 245.39 0.00 −9.94
Col. Tax Ex. Fd. A 5/18/2005 3/15/2012 17.000 235.45 245.97 0.00 −10.52
Col. Tax Ex. Fd. A 6/20/2005 3/15/2012 19.000 263.15 273.47 0.00 −10.32
Col. Tax Ex. Fd. A 7/18/2005 3/15/2012 16.000 221.60 231.50 0.00 −9.90
Col. Tax Ex. Fd. A 8/18/2005 3/15/2012 18.000 249.30 259.24 0.00 −9.94
Col. Tax Ex. Fd. A 9/19/2005 3/15/2012 19.000 263.15 270.79 0.00 −7.64
Col. Tax Ex. Fd. A 10/18/2005 3/15/2012 17.000 235.45 241.80 0.00 −6.35
Col. Tax Ex. Fd. A 11/17/2005 3/15/2012 12.000 166.20 164.20 0.00 2.00
Col. Tax Ex. Fd. A 11/17/2005 3/15/2012 18.000 249.30 254.16 0.00 −4.86
Col. Tax Ex. Fd. A 12/16/2005 3/15/2012 18.000 249.30 254.47 0.00 −5.17
Col. Tax Ex. Fd. A 12/19/2005 3/15/2012 1.000 13.85 13.71 0.00 0.14
Col. Tax Ex. Fd. A 1/17/2006 3/15/2012 18.000 249.30 255.11 0.00 −5.81
Col. Tax Ex. Fd. A 2/17/2006 3/15/2012 20.000 277.00 282.09 0.00 −5.09
Col. Tax Ex. Fd. A 2/21/2006 3/15/2012 1.000 13.85 13.91 0.00 −0.06
Col. Tax Ex. Fd. A 3/17/2006 3/15/2012 16.000 221.60 226.96 0.00 −5.36
Col. Tax Ex. Fd. A 4/17/2006 3/15/2012 19.000 263.15 266.88 0.00 −3.73
Col. Tax Ex. Fd. A 5/17/2006 3/15/2012 18.000 249.30 252.88 0.00 −3.58
Col. Tax Ex. Fd. A 5/18/2006 3/15/2012 1.000 13.84 13.87 0.00 −0.03
Col. Tax Ex. Fd. A 6/16/2006 3/15/2012 19.000 263.15 266.19 0.00 −3.04
32

[*32] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Col. Tax Ex. Fd. A 7/17/2006 3/15/2012 18.000 249.30 252.43 0.00 −3.13
Col. Tax Ex. Fd. A 7/18/2006 3/15/2012 1.000 13.84 13.80 0.00 0.04
Col. Tax Ex. Fd. A 8/17/2006 3/15/2012 19.000 263.15 267.10 0.00 −3.95
Col. Tax Ex. Fd. A 9/15/2006 3/15/2012 19.000 263.15 267.43 0.00 −4.28
Col. Tax Ex. Fd. A 10/17/2006 3/15/2012 19.000 263.15 267.10 0.00 −3.95
Col. Tax Ex. Fd. A 10/18/2006 3/15/2012 1.000 13.84 13.95 0.00 −0.11
Col. Tax Ex. Fd. A 11/17/2006 3/15/2012 12.000 166.20 163.49 0.00 2.71
Col. Tax Ex. Fd. A 11/17/2006 3/15/2012 20.000 277.00 279.98 0.00 −2.98
Col. Tax Ex. Fd. A 11/20/2006 3/15/2012 1.000 13.84 13.61 0.00 0.23
Col. Tax Ex. Fd. A 12/15/2006 3/15/2012 16.000 221.60 225.25 0.00 −3.65
Col. Tax Ex. Fd. A 12/18/2006 3/15/2012 1.000 13.85 13.76 0.00 0.09
Col. Tax Ex. Fd. A 1/17/2007 3/15/2012 18.000 249.30 251.68 0.00 −2.38
Col. Tax Ex. Fd. A 2/16/2007 3/15/2012 20.000 277.00 279.16 0.00 −2.16
Col. Tax Ex. Fd. A 2/20/2007 3/15/2012 1.000 13.85 13.76 0.00 0.09
Col. Tax Ex. Fd. A 3/16/2007 3/15/2012 16.000 221.60 224.68 0.00 −3.08
Col. Tax Ex. Fd. A 4/17/2007 3/15/2012 13.000 180.05 183.95 0.00 −3.90
Col. Tax Ex. Fd. A 5/17/2007 3/15/2012 14.000 193.90 197.25 0.00 −3.35
Col. Tax Ex. Fd. A 6/15/2007 3/15/2012 14.000 193.90 195.73 0.00 −1.83
Col. Tax Ex. Fd. A 7/17/2007 3/15/2012 14.000 193.90 195.99 0.00 −2.09
Col. Tax Ex. Fd. A 8/17/2007 3/15/2012 14.000 193.90 194.98 0.00 −1.08
Col. Tax Ex. Fd. A 9/17/2007 3/15/2012 13.000 180.05 183.01 0.00 −2.96
Col. Tax Ex. Fd. A 10/17/2007 3/15/2012 14.000 193.90 196.16 0.00 −2.26
Col. Tax Ex. Fd. A 11/16/2007 3/15/2012 17.000 235.45 235.25 0.00 0.20
Col. Tax Ex. Fd. A 11/16/2007 3/15/2012 14.000 193.90 194.98 0.00 −1.08
Col. Tax Ex. Fd. A 12/17/2007 3/15/2012 12.000 166.20 168.51 0.00 −2.31
Col. Tax Ex. Fd. A 12/18/2007 3/15/2012 1.000 13.85 13.57 0.00 0.28
Col. Tax Ex. Fd. A 1/17/2008 3/15/2012 19.000 263.15 265.08 0.00 −1.93
Col. Tax Ex. Fd. A 2/15/2008 3/15/2012 19.000 263.15 261.50 0.00 1.65
Col. Tax Ex. Fd. A 3/17/2008 3/15/2012 17.000 235.45 231.68 0.00 3.77
Col. Tax Ex. Fd. A 4/17/2008 3/15/2012 18.000 249.30 246.51 0.00 2.79
Col. Tax Ex. Fd. A 4/18/2008 3/15/2012 1.000 13.85 13.61 0.00 0.24
Col. Tax Ex. Fd. A 5/16/2008 3/15/2012 18.000 249.30 247.15 0.00 2.15
Col. Tax Ex. Fd. A 5/19/2008 3/15/2012 1.000 13.85 13.31 0.00 0.54
Col. Tax Ex. Fd. A 6/17/2008 3/15/2012 18.000 249.30 243.96 0.00 5.34
Col. Tax Ex. Fd. A 7/17/2008 3/15/2012 16.000 221.60 218.35 0.00 3.25
Col. Tax Ex. Fd. A 8/15/2008 3/15/2012 15.000 207.75 205.04 0.00 2.71
Col. Tax Ex. Fd. A 8/18/2008 3/15/2012 1.000 13.85 13.58 0.00 0.27
Col. Tax Ex. Fd. A 9/17/2008 3/15/2012 17.000 235.45 228.54 0.00 6.91
Col. Tax Ex. Fd. A 10/17/2008 3/15/2012 22.000 304.70 270.14 0.00 34.56
Col. Tax Ex. Fd. A 10/20/2008 3/15/2012 1.000 13.85 12.08 0.00 1.77
Col. Tax Ex. Fd. A 11/17/2008 3/15/2012 81.000 1,121.85 1,025.69 0.00 96.16
Col. Tax Ex. Fd. A 11/17/2008 3/15/2012 18.000 249.30 230.04 0.00 19.26
Col. Tax Ex. Fd. A 12/17/2008 3/15/2012 19.000 263.15 231.00 0.00 32.15
Col. Tax Ex. Fd. A 1/16/2009 3/15/2012 19.000 263.15 248.41 0.00 14.74
Col. Tax Ex. Fd. A 2/17/2009 3/15/2012 16.000 221.60 210.15 0.00 11.45
Col. Tax Ex. Fd. A 2/18/2009 3/15/2012 1.000 13.85 12.91 0.00 0.94
Col. Tax Ex. Fd. A 3/17/2009 3/15/2012 15.000 207.75 193.31 0.00 14.44
33

[*33] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Col. Tax Ex. Fd. A 3/18/2009 3/15/2012 1.000 13.84 12.80 0.00 1.04
Col. Tax Ex. Fd. A 4/17/2009 3/15/2012 10.000 138.50 126.84 0.00 11.66
Col. Tax Ex. Fd. A 5/15/2009 3/15/2012 9.000 124.65 116.71 0.00 7.94
Col. Tax Ex. Fd. A 5/18/2009 3/15/2012 1.000 13.85 13.02 0.00 0.83
Col. Tax Ex. Fd. A 6/24/2009 3/15/2012 13.000 180.05 173.48 0.00 6.57
Col. Tax Ex. Fd. A 7/8/2009 3/15/2012 8.000 110.80 102.85 0.00 7.95
Col. Tax Ex. Fd. A 7/9/2009 3/15/2012 6.000 83.10 77.18 0.00 5.92
Col. Tax Ex. Fd. A 7/24/2009 3/15/2012 6.000 83.10 79.40 0.00 3.70
Col. Tax Ex. Fd. A 8/24/2009 3/15/2012 14.000 193.90 186.94 0.00 6.96
Col. Tax Ex. Fd. A 8/25/2009 3/15/2012 1.000 13.84 13.26 0.00 0.58
Col. Tax Ex. Fd. A 9/24/2009 3/15/2012 14.000 193.90 193.90 0.00 0.00
Col. Tax Ex. Fd. A 10/26/2009 3/15/2012 15.000 207.75 203.79 0.00 3.96
Col. Tax Ex. Fd. A 11/24/2009 3/15/2012 14.000 193.90 189.15 0.00 4.75
Col. Tax Ex. Fd. A 12/17/2009 3/15/2012 16.000 221.60 212.55 0.00 9.05
Col. Tax Ex. Fd. A 12/18/2009 3/15/2012 95.000 1,315.75 1,262.01 0.00 53.74
Col. Tax Ex. Fd. A 12/18/2009 3/15/2012 1.000 13.85 13.34 0.00 0.51
Col. Tax Ex. Fd. A 1/20/2010 3/15/2012 18.000 249.30 239.40 0.00 9.90
Col. Tax Ex. Fd. A 2/19/2010 3/15/2012 14.000 193.90 186.22 0.00 7.68
Col. Tax Ex. Fd. A 2/22/2010 3/15/2012 1.000 13.84 13.30 0.00 0.54
Col. Tax Ex. Fd. A 3/22/2010 3/15/2012 16.000 221.60 213.89 0.00 7.71
Col. Tax Ex. Fd. A 4/21/2010 3/15/2012 16.000 221.60 214.17 0.00 7.43
Col. Tax Ex. Fd. A 5/20/2010 3/15/2012 15.000 207.75 201.58 0.00 6.17
Col. Tax Ex. Fd. A 5/21/2010 3/15/2012 1.000 13.85 13.41 0.00 0.44
Col. Tax Ex. Fd. A 6/21/2010 3/15/2012 17.000 235.45 226.73 0.00 8.72
Col. Tax Ex. Fd. A 7/22/2010 3/15/2012 16.000 221.60 215.57 0.00 6.03
Col. Tax Ex. Fd. A 8/23/2010 3/15/2012 16.000 221.60 219.40 0.00 2.20
Col. Tax Ex. Fd. A 8/23/2010 3/15/2012 1.000 13.85 13.42 0.00 0.43
Col. Tax Ex. Fd. A 9/22/2010 3/15/2012 15.000 207.75 206.45 0.00 1.30
Col. Tax Ex. Fd. A 10/22/2010 3/15/2012 15.000 207.75 206.21 0.00 1.54
Col. Tax Ex. Fd. A 10/22/2010 3/15/2012 1.000 13.84 13.68 0.00 0.16
Col. Tax Ex. Fd. A 11/22/2010 3/15/2012 16.000 221.60 210.90 0.00 10.70
Col. Tax Ex. Fd. A 11/22/2010 3/15/2012 1.000 13.85 13.53 0.00 0.32
Col. Tax Ex. Fd. A 12/16/2010 3/15/2012 38.000 526.30 482.19 0.00 44.11
Col. Tax Ex. Fd. A 12/16/2010 3/15/2012 13.000 180.05 164.89 0.00 15.16
Col. Tax Ex. Fd. A 1/31/2011 3/15/2012 26.000 360.10 326.66 0.00 33.44
Col. Tax Ex. Fd. A 2/28/2011 3/15/2012 16.000 221.60 203.94 0.00 17.66
Nuveen LA Muni A 11/6/1992 3/15/2012 932.000 10,447.72 10,014.53 0.00 433.19
Nuveen LA Muni A 12/2/1992 3/15/2012 3.000 33.62 31.56 0.00 2.06
Nuveen LA Muni A 12/23/1992 3/15/2012 4.000 44.83 42.04 0.00 2.79
Nuveen LA Muni A 1/6/1993 3/15/2012 5.000 56.05 52.70 0.00 3.35
Nuveen LA Muni A 2/3/1993 3/15/2012 5.000 56.04 53.15 0.00 2.89
Nuveen LA Muni A 3/3/1993 3/15/2012 4.000 44.83 44.16 0.00 0.67
Nuveen LA Muni A 4/5/1993 3/15/2012 5.000 56.05 54.20 0.00 1.85
Nuveen LA Muni A 5/5/1993 3/15/2012 5.000 56.04 54.55 0.00 1.49
Nuveen LA Muni A 6/3/1993 3/15/2012 4.000 44.84 43.72 0.00 1.12
Nuveen LA Muni A 7/6/1993 3/15/2012 5.000 56.04 55.45 0.00 0.59
Nuveen LA Muni A 8/4/1993 3/15/2012 5.000 56.05 55.15 0.00 0.90
34

[*34] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Nuveen LA Muni A 9/3/1993 3/15/2012 4.000 44.83 45.00 0.17 0.00
Nuveen LA Muni A 10/5/1993 3/15/2012 2.000 22.42 22.64 0.22 0.00
Nuveen LA Muni A 10/5/1993 3/15/2012 3.000 33.63 33.96 0.00 −0.33
Nuveen LA Muni A 11/4/1993 3/15/2012 4.000 44.83 45.24 0.00 −0.41
Nuveen LA Muni A 12/3/1993 3/15/2012 5.000 56.05 55.55 0.00 0.50
Nuveen LA Muni A 12/16/1993 3/15/2012 3.000 33.62 33.69 0.00 −0.07
Nuveen LA Muni A 1/5/1994 3/15/2012 5.000 56.05 56.15 0.00 −0.10
Nuveen LA Muni A 2/3/1994 3/15/2012 5.000 56.05 56.60 0.00 −0.55
Nuveen LA Muni A 3/2/1994 3/15/2012 4.000 44.84 43.92 0.00 0.92
Nuveen LA Muni A 4/8/1994 3/15/2012 5.000 56.05 52.15 0.00 3.90
Nuveen LA Muni A 5/10/1994 3/15/2012 5.000 56.05 52.05 0.00 4.00
Nuveen LA Muni A 6/2/1994 3/15/2012 5.000 56.05 52.40 0.00 3.65
Nuveen LA Muni A 7/6/1994 3/15/2012 5.000 56.04 51.85 0.00 4.19
Nuveen LA Muni A 8/3/1994 3/15/2012 5.000 56.05 52.75 0.00 3.30
Nuveen LA Muni A 9/2/1994 3/15/2012 5.000 56.05 52.60 0.00 3.45
Nuveen LA Muni A 10/4/1994 3/15/2012 5.000 56.05 51.30 0.00 4.75
Nuveen LA Muni A 11/2/1994 3/15/2012 5.000 56.05 49.95 0.00 6.10
Nuveen LA Muni A 12/6/1994 3/15/2012 5.000 56.04 48.65 0.00 7.39
Nuveen LA Muni A 1/4/1995 3/15/2012 6.000 67.26 59.70 0.00 7.56
Nuveen LA Muni A 2/2/1995 3/15/2012 5.000 56.05 51.15 0.00 4.90
Nuveen LA Muni A 3/2/1995 3/15/2012 5.000 56.05 52.50 0.00 3.55
Nuveen LA Muni A 4/5/1995 3/15/2012 5.000 56.04 52.65 0.00 3.39
Nuveen LA Muni A 5/2/1995 3/15/2012 5.000 56.04 52.40 0.00 3.64
Nuveen LA Muni A 6/5/1995 3/15/2012 5.000 56.05 54.00 0.00 2.05
Nuveen LA Muni A 7/6/1995 3/15/2012 5.000 56.04 53.05 0.00 2.99
Nuveen LA Muni A 8/2/1995 3/15/2012 5.000 56.04 53.20 0.00 2.84
Nuveen LA Muni A 9/5/1995 3/15/2012 5.000 56.05 53.65 0.00 2.40
Nuveen LA Muni A 10/4/1995 3/15/2012 5.000 56.05 53.70 0.00 2.35
Nuveen LA Muni A 11/2/1995 3/15/2012 6.000 67.26 65.22 0.00 2.04
Nuveen LA Muni A 12/5/1995 3/15/2012 5.000 56.05 55.45 0.00 0.60
Nuveen LA Muni A 1/4/1996 3/15/2012 5.000 56.05 55.90 0.00 0.15
Nuveen LA Muni A 2/2/1996 3/15/2012 5.000 56.05 55.75 0.00 0.30
Nuveen LA Muni A 3/4/1996 3/15/2012 5.000 56.05 55.15 0.00 0.90
Nuveen LA Muni A 4/2/1996 3/15/2012 5.000 56.05 53.95 0.00 2.10
Nuveen LA Muni A 5/2/1996 3/15/2012 5.000 56.05 53.45 0.00 2.60
Nuveen LA Muni A 6/7/1996 3/15/2012 5.000 56.04 53.55 0.00 2.49
Nuveen LA Muni A 7/3/1996 3/15/2012 6.000 67.26 64.56 0.00 2.70
Nuveen LA Muni A 8/2/1996 3/15/2012 5.000 56.05 54.10 0.00 1.95
Nuveen LA Muni A 9/5/1996 3/15/2012 5.000 56.05 53.95 0.00 2.10
Nuveen LA Muni A 9/12/1996 3/15/2012 622.000 6,972.64 7,014.79 0.00 −42.15
Nuveen LA Muni A 10/2/1996 3/15/2012 7.000 78.47 76.58 0.00 1.89
Nuveen LA Muni A 10/7/1996 3/15/2012 8.000 89.68 92.00 0.00 −2.32
Nuveen LA Muni A 11/4/1996 3/15/2012 8.000 89.68 92.00 0.00 −2.32
Nuveen LA Muni A 11/5/1996 3/15/2012 8.000 89.68 88.16 0.00 1.52
Nuveen LA Muni A 12/2/1996 3/15/2012 8.000 89.68 93.44 0.00 −3.76
Nuveen LA Muni A 12/3/1996 3/15/2012 8.000 89.68 89.60 0.00 0.08
Nuveen LA Muni A 1/6/1997 3/15/2012 8.000 89.68 92.16 0.00 −2.48
35

[*35] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Nuveen LA Muni A 1/7/1997 3/15/2012 8.000 89.68 88.80 0.00 0.88
Nuveen LA Muni A 2/3/1997 3/15/2012 8.000 89.68 92.56 0.00 −2.88
Nuveen LA Muni A 2/6/1997 3/15/2012 9.000 100.89 99.45 0.00 1.44
Nuveen LA Muni A 3/3/1997 3/15/2012 8.000 89.68 92.80 0.00 −3.12
Nuveen LA Muni A 3/5/1997 3/15/2012 8.000 89.68 88.88 0.00 0.80
Nuveen LA Muni A 4/3/1997 3/15/2012 8.000 89.68 87.44 0.00 2.24
Nuveen LA Muni A 4/7/1997 3/15/2012 8.000 89.68 91.20 0.00 −1.52
Nuveen LA Muni A 5/2/1997 3/15/2012 9.000 100.89 99.00 0.00 1.89
Nuveen LA Muni A 5/5/1997 3/15/2012 8.000 89.68 92.00 0.00 −2.32
Nuveen LA Muni A 6/2/1997 3/15/2012 8.000 89.68 92.72 0.00 −3.04
Nuveen LA Muni A 6/5/1997 3/15/2012 8.000 89.68 88.80 0.00 0.88
Nuveen LA Muni A 7/7/1997 3/15/2012 8.000 89.68 94.24 0.00 −4.56
Nuveen LA Muni A 7/7/1997 3/15/2012 9.000 100.89 100.62 0.00 0.27
Nuveen LA Muni A 8/4/1997 3/15/2012 8.000 89.68 95.12 0.00 −5.44
Nuveen LA Muni A 8/5/1997 3/15/2012 8.000 89.68 91.28 0.00 −1.60
Nuveen LA Muni A 9/2/1997 3/15/2012 8.000 89.68 94.16 0.00 −4.48
Nuveen LA Muni A 9/4/1997 3/15/2012 9.000 100.89 101.52 0.00 −0.63
Nuveen LA Muni A 10/3/1997 3/15/2012 8.000 89.68 91.04 0.00 −1.36
Nuveen LA Muni A 10/6/1997 3/15/2012 8.000 89.68 95.36 0.00 −5.68
Nuveen LA Muni A 11/3/1997 3/15/2012 8.000 89.68 94.88 0.00 −5.20
Nuveen LA Muni A 11/4/1997 3/15/2012 9.000 100.89 102.24 0.00 −1.35
Nuveen LA Muni A 12/1/1997 3/15/2012 8.000 89.68 95.52 0.00 −5.84
Nuveen LA Muni A 12/2/1997 3/15/2012 8.000 89.68 91.52 0.00 −1.84
Nuveen LA Muni A 1/2/1998 3/15/2012 3.000 33.63 34.56 0.00 −0.93
Nuveen LA Muni A 1/2/1998 3/15/2012 13.000 145.73 149.76 0.00 −4.03
Nuveen LA Muni A 1/5/1998 3/15/2012 8.000 89.68 96.72 0.00 −7.04
Nuveen LA Muni A 2/2/1998 3/15/2012 8.000 89.68 96.72 0.00 −7.04
Nuveen LA Muni A 2/3/1998 3/15/2012 9.000 100.89 104.22 0.00 −3.33
Nuveen LA Muni A 3/2/1998 3/15/2012 8.000 89.68 96.08 0.00 −6.40
Nuveen LA Muni A 3/3/1998 3/15/2012 8.000 89.68 92.08 0.00 −2.40
Nuveen LA Muni A 4/3/1998 3/15/2012 9.000 100.89 103.59 0.00 −2.70
Nuveen LA Muni A 4/6/1998 3/15/2012 8.000 89.68 96.72 0.00 −7.04
Nuveen LA Muni A 5/4/1998 3/15/2012 8.000 89.68 95.44 0.00 −5.76
Nuveen LA Muni A 5/5/1998 3/15/2012 9.000 100.89 102.69 0.00 −1.80
Nuveen LA Muni A 6/1/1998 3/15/2012 8.000 89.68 96.56 0.00 −6.88
Nuveen LA Muni A 6/3/1998 3/15/2012 9.000 100.89 104.04 0.00 −3.15
Nuveen LA Muni A 7/6/1998 3/15/2012 8.000 89.68 96.48 0.00 −6.80
Nuveen LA Muni A 7/6/1998 3/15/2012 9.000 100.89 103.77 0.00 −2.88
Nuveen LA Muni A 8/3/1998 3/15/2012 8.000 89.68 96.24 0.00 −6.56
Nuveen LA Muni A 8/7/1998 3/15/2012 9.000 100.89 103.68 0.00 −2.79
Nuveen LA Muni A 9/4/1998 3/15/2012 9.000 100.89 104.85 0.00 −3.96
Nuveen LA Muni A 9/8/1998 3/15/2012 8.000 89.68 97.20 0.00 −7.52
Nuveen LA Muni A 10/5/1998 3/15/2012 8.000 89.68 99.12 0.00 −9.44
Nuveen LA Muni A 10/5/1998 3/15/2012 9.000 100.89 106.11 0.00 −5.22
Nuveen LA Muni A 11/2/1998 3/15/2012 8.000 89.68 97.12 0.00 −7.44
Nuveen LA Muni A 11/4/1998 3/15/2012 9.000 100.89 104.67 0.00 −3.78
Nuveen LA Muni A 12/3/1998 3/15/2012 9.000 100.89 104.94 0.00 −4.05
36

[*36] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Nuveen LA Muni A 12/7/1998 3/15/2012 8.000 89.68 97.20 0.00 −7.52
Nuveen LA Muni A 12/8/1998 3/15/2012 7.000 78.47 81.48 0.00 −3.01
Nuveen LA Muni A 12/23/1998 3/15/2012 10.000 112.10 115.70 0.00 −3.60
Nuveen LA Muni A 1/4/1999 3/15/2012 8.000 89.68 96.80 0.00 −7.12
Nuveen LA Muni A 2/1/1999 3/15/2012 8.000 89.68 97.12 0.00 −7.44
Nuveen LA Muni A 2/3/1999 3/15/2012 9.000 100.89 104.67 0.00 −3.78
Nuveen LA Muni A 3/1/1999 3/15/2012 8.000 89.68 96.00 0.00 −6.32
Nuveen LA Muni A 3/2/1999 3/15/2012 9.000 100.89 103.50 0.00 −2.61
Nuveen LA Muni A 4/5/1999 3/15/2012 8.000 89.68 96.00 0.00 −6.32
Nuveen LA Muni A 4/5/1999 3/15/2012 10.000 112.10 115.00 0.00 −2.90
Nuveen LA Muni A 5/3/1999 3/15/2012 8.000 89.68 95.92 0.00 −6.24
Nuveen LA Muni A 5/4/1999 3/15/2012 9.000 100.89 103.41 0.00 −2.52
Nuveen LA Muni A 6/1/1999 3/15/2012 8.000 89.68 94.64 0.00 −4.96
Nuveen LA Muni A 6/2/1999 3/15/2012 9.000 100.89 101.97 0.00 −1.08
Nuveen LA Muni A 7/2/1999 3/15/2012 10.000 112.10 111.30 0.00 0.80
Nuveen LA Muni A 7/6/1999 3/15/2012 8.000 89.68 92.96 0.00 −3.28
Nuveen LA Muni A 8/2/1999 3/15/2012 8.000 89.68 92.56 0.00 −2.88
Nuveen LA Muni A 8/3/1999 3/15/2012 10.000 112.10 110.80 0.00 1.30
Nuveen LA Muni A 9/2/1999 3/15/2012 10.000 112.10 108.40 0.00 3.70
Nuveen LA Muni A 9/7/1999 3/15/2012 8.000 89.68 90.32 0.00 −0.64
Nuveen LA Muni A 10/4/1999 3/15/2012 8.000 89.68 89.28 0.00 0.40
Nuveen LA Muni A 10/4/1999 3/15/2012 10.000 112.10 106.90 0.00 5.20
Nuveen LA Muni A 11/1/1999 3/15/2012 9.000 100.89 98.19 0.00 2.70
Nuveen LA Muni A 11/2/1999 3/15/2012 11.000 123.31 114.95 0.00 8.36
Nuveen LA Muni A 12/2/1999 3/15/2012 11.000 123.31 115.61 0.00 7.70
Nuveen LA Muni A 12/6/1999 3/15/2012 9.000 100.89 98.73 0.00 2.16
Nuveen LA Muni A 12/21/1999 3/15/2012 11.000 123.31 113.74 0.00 9.57
Nuveen LA Muni A 1/3/2000 3/15/2012 9.000 100.89 96.75 0.00 4.14
Nuveen LA Muni A 2/2/2000 3/15/2012 12.000 134.52 122.04 0.00 12.48
Nuveen LA Muni A 2/7/2000 3/15/2012 9.000 100.89 96.12 0.00 4.77
Nuveen LA Muni A 3/2/2000 3/15/2012 11.000 123.31 113.52 0.00 9.79
Nuveen LA Muni A 3/6/2000 3/15/2012 9.000 100.89 97.20 0.00 3.69
Nuveen LA Muni A 4/3/2000 3/15/2012 9.000 100.89 98.91 0.00 1.98
Nuveen LA Muni A 4/4/2000 3/15/2012 11.000 123.31 115.83 0.00 7.48
Nuveen LA Muni A 5/1/2000 3/15/2012 9.000 100.89 97.74 0.00 3.15
Nuveen LA Muni A 5/2/2000 3/15/2012 11.000 123.31 114.40 0.00 8.91
Nuveen LA Muni A 6/2/2000 3/15/2012 11.000 123.31 113.30 0.00 10.01
Nuveen LA Muni A 6/5/2000 3/15/2012 9.000 100.89 97.20 0.00 3.69
Nuveen LA Muni A 7/3/2000 3/15/2012 9.000 100.89 98.73 0.00 2.16
Nuveen LA Muni A 7/5/2000 3/15/2012 11.000 123.31 115.61 0.00 7.70
Nuveen LA Muni A 8/2/2000 3/15/2012 11.000 123.31 117.04 0.00 6.27
Nuveen LA Muni A 8/7/2000 3/15/2012 8.000 89.68 89.28 0.00 0.40
Nuveen LA Muni A 9/5/2000 3/15/2012 8.000 89.68 90.24 0.00 −0.56
Nuveen LA Muni A 9/5/2000 3/15/2012 12.000 134.52 129.60 0.00 4.92
Nuveen LA Muni A 10/2/2000 3/15/2012 8.000 89.68 89.20 0.00 0.48
Nuveen LA Muni A 10/3/2000 3/15/2012 11.000 123.31 117.48 0.00 5.83
Nuveen LA Muni A 11/2/2000 3/15/2012 11.000 123.31 118.14 0.00 5.17
37

[*37] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Nuveen LA Muni A 11/6/2000 3/15/2012 8.000 89.68 89.60 0.00 0.08
Nuveen LA Muni A 12/4/2000 3/15/2012 8.000 89.68 90.16 0.00 −0.48
Nuveen LA Muni A 12/4/2000 3/15/2012 11.000 123.31 118.80 0.00 4.51
Nuveen LA Muni A 12/27/2000 3/15/2012 11.000 123.31 121.66 0.00 1.65
Nuveen LA Muni A 1/2/2001 3/15/2012 8.000 89.68 92.88 0.00 −3.20
Nuveen LA Muni A 2/2/2001 3/15/2012 12.000 134.52 133.68 0.00 0.84
Nuveen LA Muni A 2/5/2001 3/15/2012 8.000 89.68 93.20 0.00 −3.52
Nuveen LA Muni A 3/2/2001 3/15/2012 11.000 123.31 122.43 0.00 0.88
Nuveen LA Muni A 3/5/2001 3/15/2012 8.000 89.68 93.04 0.00 −3.36
Nuveen LA Muni A 4/2/2001 3/15/2012 8.000 89.68 93.20 0.00 −3.52
Nuveen LA Muni A 4/3/2001 3/15/2012 11.000 123.31 122.76 0.00 0.55
Nuveen LA Muni A 5/2/2001 3/15/2012 11.000 123.31 120.78 0.00 2.53
Nuveen LA Muni A 5/7/2001 3/15/2012 8.000 89.68 92.16 0.00 −2.48
Nuveen LA Muni A 6/4/2001 3/15/2012 8.000 89.68 92.64 0.00 −2.96
Nuveen LA Muni A 6/4/2001 3/15/2012 12.000 134.52 132.96 0.00 1.56
Nuveen LA Muni A 7/2/2001 3/15/2012 8.000 89.68 92.80 0.00 −3.12
Nuveen LA Muni A 7/3/2001 3/15/2012 11.000 123.31 122.21 0.00 1.10
Nuveen LA Muni A 8/2/2001 3/15/2012 11.000 123.31 123.86 0.00 −0.55
Nuveen LA Muni A 8/6/2001 3/15/2012 8.000 89.68 94.08 0.00 −4.40
Nuveen LA Muni A 9/4/2001 3/15/2012 8.000 89.68 95.04 0.00 −5.36
Nuveen LA Muni A 9/5/2001 3/15/2012 12.000 134.52 136.56 0.00 −2.04
Nuveen LA Muni A 10/1/2001 3/15/2012 8.000 89.68 94.40 0.00 −4.72
Nuveen LA Muni A 10/2/2001 3/15/2012 11.000 123.31 124.30 0.00 −0.99
Nuveen LA Muni A 11/2/2001 3/15/2012 11.000 123.31 125.73 0.00 −2.42
Nuveen LA Muni A 11/5/2001 3/15/2012 8.000 89.68 95.36 0.00 −5.68
Nuveen LA Muni A 12/3/2001 3/15/2012 8.000 89.68 93.76 0.00 −4.08
Nuveen LA Muni A 12/4/2001 3/15/2012 12.000 134.52 134.76 0.00 −0.24
Nuveen LA Muni A 12/27/2001 3/15/2012 12.000 134.52 132.36 0.00 2.16
Nuveen LA Muni A 1/7/2002 3/15/2012 8.000 89.68 92.56 0.00 −2.88
Nuveen LA Muni A 2/4/2002 3/15/2012 8.000 89.68 93.76 0.00 −4.08
Nuveen LA Muni A 2/4/2002 3/15/2012 12.000 134.52 134.52 0.00 0.00
Nuveen LA Muni A 3/4/2002 3/15/2012 8.000 89.68 93.92 0.00 −4.24
Nuveen LA Muni A 3/4/2002 3/15/2012 12.000 134.52 135.24 0.00 −0.72
Nuveen LA Muni A 4/1/2002 3/15/2012 8.000 89.68 91.84 0.00 −2.16
Nuveen LA Muni A 4/2/2002 3/15/2012 12.000 134.52 132.00 0.00 2.52
Nuveen LA Muni A 5/2/2002 3/15/2012 12.000 134.52 133.56 0.00 0.96
Nuveen LA Muni A 5/6/2002 3/15/2012 8.000 89.68 93.12 0.00 −3.44
Nuveen LA Muni A 6/3/2002 3/15/2012 8.000 89.68 93.20 0.00 −3.52
Nuveen LA Muni A 6/4/2002 3/15/2012 12.000 134.52 133.92 0.00 0.60
Nuveen LA Muni A 7/1/2002 3/15/2012 8.000 89.68 93.44 0.00 −3.76
Nuveen LA Muni A 7/2/2002 3/15/2012 13.000 145.73 145.47 0.00 0.26
Nuveen LA Muni A 8/2/2002 3/15/2012 12.000 134.52 136.08 0.00 −1.56
Nuveen LA Muni A 8/5/2002 3/15/2012 8.000 89.68 95.04 0.00 −5.36
Nuveen LA Muni A 9/3/2002 3/15/2012 8.000 89.68 95.68 0.00 −6.00
Nuveen LA Muni A 9/4/2002 3/15/2012 12.000 134.52 137.52 0.00 −3.00
Nuveen LA Muni A 10/2/2002 3/15/2012 12.000 134.52 139.80 0.00 −5.28
Nuveen LA Muni A 10/7/2002 3/15/2012 8.000 89.68 97.36 0.00 −7.68
38

[*38] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Nuveen LA Muni A 11/4/2002 3/15/2012 8.000 89.68 94.40 0.00 −4.72
Nuveen LA Muni A 11/4/2002 3/15/2012 13.000 145.73 147.29 0.00 −1.56
Nuveen LA Muni A 12/2/2002 3/15/2012 8.000 89.68 93.76 0.00 −4.08
Nuveen LA Muni A 12/3/2002 3/15/2012 12.000 134.52 134.76 0.00 −0.24
Nuveen LA Muni A 12/30/2002 3/15/2012 12.000 134.52 137.16 0.00 −2.64
Nuveen LA Muni A 1/6/2003 3/15/2012 8.000 89.68 95.12 0.00 −5.44
Nuveen LA Muni A 2/3/2003 3/15/2012 8.000 89.68 94.72 0.00 −5.04
Nuveen LA Muni A 2/4/2003 3/15/2012 12.000 134.52 136.08 0.00 −1.56
Nuveen LA Muni A 3/3/2003 3/15/2012 8.000 89.68 96.24 0.00 −6.56
Nuveen LA Muni A 3/4/2003 3/15/2012 12.000 134.52 138.24 0.00 −3.72
Nuveen LA Muni A 4/2/2003 3/15/2012 13.000 145.73 148.46 0.00 −2.73
Nuveen LA Muni A 4/7/2003 3/15/2012 8.000 89.68 94.72 0.00 −5.04
Nuveen LA Muni A 5/2/2003 3/15/2012 12.000 134.52 138.48 0.00 −3.96
Nuveen LA Muni A 5/5/2003 3/15/2012 8.000 89.68 96.32 0.00 −6.64
Nuveen LA Muni A 6/2/2003 3/15/2012 8.000 89.68 97.92 0.00 −8.24
Nuveen LA Muni A 6/3/2003 3/15/2012 12.000 134.52 140.76 0.00 −6.24
Nuveen LA Muni A 7/2/2003 3/15/2012 12.000 134.52 139.44 0.00 −4.92
Nuveen LA Muni A 7/7/2003 3/15/2012 8.000 89.68 96.72 0.00 −7.04
Nuveen LA Muni A 8/4/2003 3/15/2012 8.000 89.68 92.64 0.00 −2.96
Nuveen LA Muni A 8/4/2003 3/15/2012 12.000 134.52 132.96 0.00 1.56
Nuveen LA Muni A 9/2/2003 3/15/2012 8.000 89.68 92.56 0.00 −2.88
Nuveen LA Muni A 9/3/2003 3/15/2012 13.000 145.73 144.04 0.00 1.69
Nuveen LA Muni A 10/2/2003 3/15/2012 12.000 134.52 136.92 0.00 −2.40
Nuveen LA Muni A 10/6/2003 3/15/2012 8.000 89.68 94.40 0.00 −4.72
Nuveen LA Muni A 11/3/2003 3/15/2012 8.000 89.68 94.48 0.00 −4.80
Nuveen LA Muni A 11/4/2003 3/15/2012 13.000 145.73 147.03 0.00 −1.30
Nuveen LA Muni A 12/1/2003 3/15/2012 8.000 89.68 94.96 0.00 −5.28
Nuveen LA Muni A 12/2/2003 3/15/2012 12.000 134.52 136.44 0.00 −1.92
Nuveen LA Muni A 12/30/2003 3/15/2012 13.000 145.73 149.24 0.00 −3.51
Nuveen LA Muni A 1/5/2004 3/15/2012 8.000 89.68 95.52 0.00 −5.84
Nuveen LA Muni A 2/2/2004 3/15/2012 8.000 89.68 96.00 0.00 −6.32
Nuveen LA Muni A 2/3/2004 3/15/2012 12.000 134.52 138.00 0.00 −3.48
Nuveen LA Muni A 3/1/2004 3/15/2012 8.000 89.68 97.28 0.00 −7.60
Nuveen LA Muni A 3/2/2004 3/15/2012 13.000 145.73 151.45 0.00 −5.72
Nuveen LA Muni A 4/2/2004 3/15/2012 12.000 134.52 138.36 0.00 −3.84
Nuveen LA Muni A 4/5/2004 3/15/2012 8.000 89.68 94.88 0.00 −5.20
Nuveen LA Muni A 5/3/2004 3/15/2012 8.000 89.68 93.52 0.00 −3.84
Nuveen LA Muni A 5/4/2004 3/15/2012 14.000 156.94 156.80 0.00 0.14
Nuveen LA Muni A 6/1/2004 3/15/2012 8.000 89.68 92.56 0.00 −2.88
Nuveen LA Muni A 6/2/2004 3/15/2012 13.000 145.73 144.04 0.00 1.69
Nuveen LA Muni A 7/2/2004 3/15/2012 13.000 145.73 144.69 0.00 1.04
Nuveen LA Muni A 7/6/2004 3/15/2012 8.000 89.68 93.68 0.00 −4.00
Nuveen LA Muni A 8/2/2004 3/15/2012 8.000 89.68 93.92 0.00 −4.24
Nuveen LA Muni A 8/3/2004 3/15/2012 14.000 156.94 157.50 0.00 −0.56
Nuveen LA Muni A 9/2/2004 3/15/2012 13.000 145.73 148.33 0.00 −2.60
Nuveen LA Muni A 9/7/2004 3/15/2012 8.000 89.68 94.96 0.00 −5.28
Nuveen LA Muni A 10/4/2004 3/15/2012 8.000 89.68 94.88 0.00 −5.20
39

[*39] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Nuveen LA Muni A 10/4/2004 3/15/2012 13.000 145.73 147.81 0.00 −2.08
Nuveen LA Muni A 11/1/2004 3/15/2012 8.000 89.68 95.52 0.00 −5.84
Nuveen LA Muni A 11/2/2004 3/15/2012 13.000 145.73 148.72 0.00 −2.99
Nuveen LA Muni A 12/2/2004 3/15/2012 14.000 156.94 158.34 0.00 −1.40
Nuveen LA Muni A 12/6/2004 3/15/2012 8.000 89.68 95.04 0.00 −5.36
Nuveen LA Muni A 12/28/2004 3/15/2012 14.000 156.94 159.32 0.00 −2.38
Nuveen LA Muni A 1/3/2005 3/15/2012 8.000 89.68 95.44 0.00 −5.76
Nuveen LA Muni A 2/2/2005 3/15/2012 13.000 145.73 149.76 0.00 −4.03
Nuveen LA Muni A 2/7/2005 3/15/2012 8.000 89.68 96.88 0.00 −7.20
Nuveen LA Muni A 3/2/2005 3/15/2012 13.000 145.73 148.46 0.00 −2.73
Nuveen LA Muni A 3/7/2005 3/15/2012 8.000 89.68 95.68 0.00 −6.00
Nuveen LA Muni A 4/4/2005 3/15/2012 8.000 89.68 94.56 0.00 −4.88
Nuveen LA Muni A 4/4/2005 3/15/2012 13.000 145.73 147.03 0.00 −1.30
Nuveen LA Muni A 5/2/2005 3/15/2012 8.000 89.68 95.68 0.00 −6.00
Nuveen LA Muni A 5/3/2005 3/15/2012 13.000 145.73 148.98 0.00 −3.25
Nuveen LA Muni A 6/2/2005 3/15/2012 12.000 134.52 138.60 0.00 −4.08
Nuveen LA Muni A 6/6/2005 3/15/2012 8.000 89.68 96.56 0.00 −6.88
Nuveen LA Muni A 7/5/2005 3/15/2012 8.000 89.68 96.00 0.00 −6.32
Nuveen LA Muni A 7/5/2005 3/15/2012 13.000 145.73 149.89 0.00 −4.16
Nuveen LA Muni A 8/1/2005 3/15/2012 8.000 89.68 95.44 0.00 −5.76
Nuveen LA Muni A 8/2/2005 3/15/2012 13.000 145.73 148.59 0.00 −2.86
Nuveen LA Muni A 9/2/2005 3/15/2012 13.000 145.73 149.63 0.00 −3.90
Nuveen LA Muni A 9/6/2005 3/15/2012 9.000 100.89 107.64 0.00 −6.75
Nuveen LA Muni A 10/3/2005 3/15/2012 8.000 89.68 93.84 0.00 −4.16
Nuveen LA Muni A 10/4/2005 3/15/2012 13.000 145.73 146.12 0.00 −0.39
Nuveen LA Muni A 11/1/2005 3/15/2012 13.000 145.73 144.95 0.00 0.78
Nuveen LA Muni A 11/1/2005 3/15/2012 8.000 89.68 92.88 0.00 −3.20
Nuveen LA Muni A 12/1/2005 3/15/2012 13.000 145.73 144.95 0.00 0.78
Nuveen LA Muni A 12/2/2005 3/15/2012 1.000 11.21 11.08 0.00 0.13
Nuveen LA Muni A 12/5/2005 3/15/2012 8.000 89.68 92.48 0.00 −2.80
Nuveen LA Muni A 12/5/2005 3/15/2012 19.000 212.99 210.33 0.00 2.66
Nuveen LA Muni A 12/6/2005 3/15/2012 1.000 11.21 11.09 0.00 0.12
Nuveen LA Muni A 12/27/2005 3/15/2012 13.000 145.73 144.95 0.00 0.78
Nuveen LA Muni A 12/28/2005 3/15/2012 1.000 11.21 11.15 0.00 0.06
Nuveen LA Muni A 1/3/2006 3/15/2012 8.000 89.68 93.28 0.00 −3.60
Nuveen LA Muni A 2/1/2006 3/15/2012 13.000 145.73 144.82 0.00 0.91
Nuveen LA Muni A 2/2/2006 3/15/2012 1.000 11.21 11.15 0.00 0.06
Nuveen LA Muni A 2/6/2006 3/15/2012 8.000 89.68 93.28 0.00 −3.60
Nuveen LA Muni A 3/1/2006 3/15/2012 13.000 145.73 145.60 0.00 0.13
Nuveen LA Muni A 3/6/2006 3/15/2012 8.000 89.68 93.04 0.00 −3.36
Nuveen LA Muni A 4/3/2006 3/15/2012 8.000 89.68 92.64 0.00 −2.96
Nuveen LA Muni A 4/3/2006 3/15/2012 14.000 156.94 155.26 0.00 1.68
Nuveen LA Muni A 4/4/2006 3/15/2012 1.000 11.21 11.10 0.00 0.11
Nuveen LA Muni A 5/1/2006 3/15/2012 8.000 89.68 92.00 0.00 −2.32
Nuveen LA Muni A 5/1/2006 3/15/2012 14.000 156.94 154.28 0.00 2.66
Nuveen LA Muni A 6/1/2006 3/15/2012 14.000 156.94 154.70 0.00 2.24
Nuveen LA Muni A 6/5/2006 3/15/2012 8.000 89.68 92.64 0.00 −2.96
40

[*40] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Nuveen LA Muni A 7/3/2006 3/15/2012 8.000 89.68 91.76 0.00 −2.08
Nuveen LA Muni A 7/3/2006 3/15/2012 14.000 156.94 153.86 0.00 3.08
Nuveen LA Muni A 7/5/2006 3/15/2012 1.000 11.21 10.97 0.00 0.24
Nuveen LA Muni A 8/1/2006 3/15/2012 14.000 156.94 155.12 0.00 1.82
Nuveen LA Muni A 8/7/2006 3/15/2012 8.000 89.68 92.88 0.00 −3.20
Nuveen LA Muni A 9/1/2006 3/15/2012 14.000 156.94 156.94 0.00 0.00
Nuveen LA Muni A 9/5/2006 3/15/2012 8.000 89.68 93.52 0.00 −3.84
Nuveen LA Muni A 10/2/2006 3/15/2012 8.000 89.68 94.08 0.00 −4.40
Nuveen LA Muni A 10/2/2006 3/15/2012 14.000 156.94 157.78 0.00 −0.84
Nuveen LA Muni A 10/3/2006 3/15/2012 1.000 11.21 11.27 0.00 −0.06
Nuveen LA Muni A 11/1/2006 3/15/2012 14.000 156.94 158.76 0.00 −1.82
Nuveen LA Muni A 11/6/2006 3/15/2012 8.000 89.68 94.24 0.00 −4.56
Nuveen LA Muni A 12/1/2006 3/15/2012 14.000 156.94 160.16 0.00 −3.22
Nuveen LA Muni A 12/4/2006 3/15/2012 8.000 89.68 95.28 0.00 −5.60
Nuveen LA Muni A 12/5/2006 3/15/2012 8.000 89.68 91.20 0.00 −1.52
Nuveen LA Muni A 12/6/2006 3/15/2012 1.000 11.21 11.40 0.00 −0.19
Nuveen LA Muni A 12/27/2006 3/15/2012 14.000 156.94 158.20 0.00 −1.26
Nuveen LA Muni A 1/3/2007 3/15/2012 8.000 89.68 94.40 0.00 −4.72
Nuveen LA Muni A 2/1/2007 3/15/2012 14.000 156.94 157.22 0.00 −0.28
Nuveen LA Muni A 2/2/2007 3/15/2012 1.000 11.21 11.24 0.00 −0.03
Nuveen LA Muni A 2/5/2007 3/15/2012 8.000 89.68 93.92 0.00 −4.24
Nuveen LA Muni A 3/1/2007 3/15/2012 14.000 156.94 158.76 0.00 −1.82
Nuveen LA Muni A 3/5/2007 3/15/2012 8.000 89.68 94.88 0.00 −5.20
Nuveen LA Muni A 4/2/2007 3/15/2012 8.000 89.68 94.00 0.00 −4.32
Nuveen LA Muni A 4/2/2007 3/15/2012 10.000 112.10 112.60 0.00 −0.50
Nuveen LA Muni A 4/3/2007 3/15/2012 1.000 11.21 11.25 0.00 −0.04
Nuveen LA Muni A 5/1/2007 3/15/2012 10.000 112.10 112.80 0.00 −0.70
Nuveen LA Muni A 5/7/2007 3/15/2012 8.000 89.68 94.24 0.00 −4.56
Nuveen LA Muni A 6/1/2007 3/15/2012 10.000 112.10 111.80 0.00 0.30
Nuveen LA Muni A 6/4/2007 3/15/2012 8.000 89.68 93.36 0.00 −3.68
Nuveen LA Muni A 6/4/2007 3/15/2012 1.000 11.21 11.18 0.00 0.03
Nuveen LA Muni A 7/2/2007 3/15/2012 8.000 89.68 92.80 0.00 −3.12
Nuveen LA Muni A 7/2/2007 3/15/2012 10.000 112.10 111.10 0.00 1.00
Nuveen LA Muni A 8/1/2007 3/15/2012 10.000 112.10 111.20 0.00 0.90
Nuveen LA Muni A 8/2/2007 3/15/2012 1.000 11.21 11.11 0.00 0.10
Nuveen LA Muni A 8/6/2007 3/15/2012 8.000 89.68 92.64 0.00 −2.96
Nuveen LA Muni A 9/4/2007 3/15/2012 8.000 89.68 92.24 0.00 −2.56
Nuveen LA Muni A 9/4/2007 3/15/2012 10.000 112.10 110.50 0.00 1.60
Nuveen LA Muni A 9/5/2007 3/15/2012 1.000 11.21 11.11 0.00 0.10
Nuveen LA Muni A 10/1/2007 3/15/2012 8.000 89.68 93.44 0.00 −3.76
Nuveen LA Muni A 10/1/2007 3/15/2012 10.000 112.10 111.90 0.00 0.20
Nuveen LA Muni A 10/2/2007 3/15/2012 1.000 11.21 11.20 0.00 0.01
Nuveen LA Muni A 11/1/2007 3/15/2012 10.000 112.10 112.00 0.00 0.10
Nuveen LA Muni A 11/2/2007 3/15/2012 1.000 11.21 11.21 0.00 0.00
Nuveen LA Muni A 11/5/2007 3/15/2012 8.000 89.68 93.44 0.00 −3.76
Nuveen LA Muni A 12/3/2007 3/15/2012 8.000 89.68 93.60 0.00 −3.92
Nuveen LA Muni A 12/3/2007 3/15/2012 10.000 112.10 112.10 0.00 0.00
41

[*41] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Nuveen LA Muni A 12/6/2007 3/15/2012 13.000 145.73 145.34 0.00 0.39
Nuveen LA Muni A 12/7/2007 3/15/2012 1.000 11.21 11.12 0.00 0.09
Nuveen LA Muni A 12/7/2007 3/15/2012 1.000 11.21 11.12 0.00 0.09
Nuveen LA Muni A 12/28/2007 3/15/2012 11.000 123.31 121.77 0.00 1.54
Nuveen LA Muni A 1/7/2008 3/15/2012 8.000 89.68 93.68 0.00 −4.00
Nuveen LA Muni A 2/1/2008 3/15/2012 15.000 168.15 166.95 0.00 1.20
Nuveen LA Muni A 2/4/2008 3/15/2012 8.000 89.68 92.80 0.00 −3.12
Nuveen LA Muni A 3/3/2008 3/15/2012 9.000 100.89 98.73 0.00 2.16
Nuveen LA Muni A 3/3/2008 3/15/2012 16.000 179.36 167.20 0.00 12.16
Nuveen LA Muni A 3/4/2008 3/15/2012 1.000 11.21 10.63 0.00 0.58
Nuveen LA Muni A 4/1/2008 3/15/2012 16.000 179.36 171.36 0.00 8.00
Nuveen LA Muni A 4/7/2008 3/15/2012 8.000 89.68 89.76 0.00 −0.08
Nuveen LA Muni A 5/1/2008 3/15/2012 16.000 179.36 172.80 0.00 6.56
Nuveen LA Muni A 5/5/2008 3/15/2012 8.000 89.68 90.16 0.00 −0.48
Nuveen LA Muni A 6/2/2008 3/15/2012 8.000 89.68 90.56 0.00 −0.88
Nuveen LA Muni A 6/2/2008 3/15/2012 16.000 179.36 173.28 0.00 6.08
Nuveen LA Muni A 7/1/2008 3/15/2012 16.000 179.36 170.72 0.00 8.64
Nuveen LA Muni A 7/7/2008 3/15/2012 8.000 89.68 89.68 0.00 0.00
Nuveen LA Muni A 8/1/2008 3/15/2012 16.000 179.36 169.60 0.00 9.76
Nuveen LA Muni A 8/4/2008 3/15/2012 9.000 100.89 99.72 0.00 1.17
Nuveen LA Muni A 8/4/2008 3/15/2012 1.000 11.21 10.61 0.00 0.60
Nuveen LA Muni A 9/2/2008 3/15/2012 8.000 89.68 89.20 0.00 0.48
Nuveen LA Muni A 9/2/2008 3/15/2012 17.000 190.57 181.56 0.00 9.01
Nuveen LA Muni A 10/1/2008 3/15/2012 18.000 201.78 182.16 0.00 19.62
Nuveen LA Muni A 10/6/2008 3/15/2012 9.000 100.89 95.13 0.00 5.76
Nuveen LA Muni A 11/3/2008 3/15/2012 9.000 100.89 90.90 0.00 9.99
Nuveen LA Muni A 11/3/2008 3/15/2012 19.000 212.99 183.73 0.00 29.26
Nuveen LA Muni A 12/1/2008 3/15/2012 10.000 112.10 99.40 0.00 12.70
Nuveen LA Muni A 12/1/2008 3/15/2012 19.000 212.99 181.07 0.00 31.92
Nuveen LA Muni A 12/2/2008 3/15/2012 1.000 11.21 9.48 0.00 1.73
Nuveen LA Muni A 12/5/2008 3/15/2012 14.000 156.94 131.46 0.00 25.48
Nuveen LA Muni A 12/26/2008 3/15/2012 20.000 224.20 182.80 0.00 41.40
Nuveen LA Muni A 12/29/2008 3/15/2012 1.000 11.21 9.16 0.00 2.05
Nuveen LA Muni A 1/5/2009 3/15/2012 10.000 112.10 96.30 0.00 15.80
Nuveen LA Muni A 2/2/2009 3/15/2012 9.000 100.89 90.90 0.00 9.99
Nuveen LA Muni A 2/2/2009 3/15/2012 19.000 212.99 183.54 0.00 29.45
Nuveen LA Muni A 3/2/2009 3/15/2012 10.000 112.10 99.60 0.00 12.50
Nuveen LA Muni A 3/2/2009 3/15/2012 19.000 212.99 181.26 0.00 31.73
Nuveen LA Muni A 3/3/2009 3/15/2012 1.000 11.21 9.52 0.00 1.69
Nuveen LA Muni A 4/1/2009 3/15/2012 19.000 212.99 180.88 0.00 32.11
Nuveen LA Muni A 4/2/2009 3/15/2012 1.000 11.21 9.53 0.00 1.68
Nuveen LA Muni A 4/6/2009 3/15/2012 10.000 112.10 99.30 0.00 12.80
Nuveen LA Muni A 5/1/2009 3/15/2012 14.000 156.94 136.08 0.00 20.86
Nuveen LA Muni A 5/4/2009 3/15/2012 9.000 100.89 91.80 0.00 9.09
Nuveen LA Muni A 6/1/2009 3/15/2012 9.000 100.89 93.33 0.00 7.56
Nuveen LA Muni A 6/1/2009 3/15/2012 13.000 145.73 129.48 0.00 16.25
Nuveen LA Muni A 6/2/2009 3/15/2012 1.000 11.21 9.93 0.00 1.28
42

[*42] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Nuveen LA Muni A 7/1/2009 3/15/2012 14.000 156.94 138.46 0.00 18.48
Nuveen LA Muni A 7/6/2009 3/15/2012 9.000 100.89 92.97 0.00 7.92
Nuveen LA Muni A 8/3/2009 3/15/2012 9.000 100.89 93.78 0.00 7.11
Nuveen LA Muni A 8/3/2009 3/15/2012 13.000 145.73 129.74 0.00 15.99
Nuveen LA Muni A 8/4/2009 3/15/2012 1.000 11.21 9.98 0.00 1.23
Nuveen LA Muni A 9/1/2009 3/15/2012 13.000 145.73 131.95 0.00 13.78
Nuveen LA Muni A 9/2/2009 3/15/2012 1.000 11.21 10.20 0.00 1.01
Nuveen LA Muni A 9/8/2009 3/15/2012 9.000 100.89 96.03 0.00 4.86
Nuveen LA Muni A 10/1/2009 3/15/2012 13.000 145.73 137.02 0.00 8.71
Nuveen LA Muni A 10/5/2009 3/15/2012 9.000 100.89 99.00 0.00 1.89
Nuveen LA Muni A 11/2/2009 3/15/2012 9.000 100.89 97.11 0.00 3.78
Nuveen LA Muni A 11/2/2009 3/15/2012 13.000 145.73 134.68 0.00 11.05
Nuveen LA Muni A 11/3/2009 3/15/2012 1.000 11.21 10.36 0.00 0.85
Nuveen LA Muni A 12/1/2009 3/15/2012 13.000 145.73 134.68 0.00 11.05
Nuveen LA Muni A 12/2/2009 3/15/2012 1.000 11.21 10.40 0.00 0.81
Nuveen LA Muni A 12/7/2009 3/15/2012 9.000 100.89 97.56 0.00 3.33
Nuveen LA Muni A 12/28/2009 3/15/2012 13.000 145.73 135.07 0.00 10.66
Nuveen LA Muni A 1/4/2010 3/15/2012 9.000 100.89 97.38 0.00 3.51
Nuveen LA Muni A 2/1/2010 3/15/2012 9.000 100.89 97.65 0.00 3.24
Nuveen LA Muni A 2/1/2010 3/15/2012 13.000 145.73 135.33 0.00 10.40
Nuveen LA Muni A 2/2/2010 3/15/2012 1.000 11.21 10.43 0.00 0.78
Nuveen LA Muni A 3/1/2010 3/15/2012 9.000 100.89 97.92 0.00 2.97
Nuveen LA Muni A 3/1/2010 3/15/2012 13.000 145.73 135.72 0.00 10.01
Nuveen LA Muni A 3/2/2010 3/15/2012 1.000 11.21 10.44 0.00 0.77
Nuveen LA Muni A 4/1/2010 3/15/2012 13.000 145.73 135.72 0.00 10.01
Nuveen LA Muni A 4/5/2010 3/15/2012 9.000 100.89 97.92 0.00 2.97
Nuveen LA Muni A 4/5/2010 3/15/2012 1.000 11.21 10.44 0.00 0.77
Nuveen LA Muni A 4/30/2010 3/15/2012 13.000 145.73 136.89 0.00 8.84
Nuveen LA Muni A 5/3/2010 3/15/2012 9.000 100.89 98.73 0.00 2.16
Nuveen LA Muni A 5/3/2010 3/15/2012 1.000 11.21 10.53 0.00 0.68
Nuveen LA Muni A 5/28/2010 3/15/2012 13.000 145.73 137.54 0.00 8.19
Nuveen LA Muni A 6/1/2010 3/15/2012 1.000 11.21 10.58 0.00 0.63
Nuveen LA Muni A 6/7/2010 3/15/2012 9.000 100.89 99.09 0.00 1.80
Nuveen LA Muni A 6/30/2010 3/15/2012 13.000 145.73 137.01 0.00 8.72
Nuveen LA Muni A 7/6/2010 3/15/2012 9.000 100.89 98.91 0.00 1.98
Nuveen LA Muni A 7/30/2010 3/15/2012 13.000 145.73 138.32 0.00 7.41
Nuveen LA Muni A 7/30/2010 3/15/2012 1.000 11.21 10.54 0.00 0.67
Nuveen LA Muni A 8/2/2010 3/15/2012 9.000 100.89 99.72 0.00 1.17
Nuveen LA Muni A 8/31/2010 3/15/2012 13.000 145.73 140.79 0.00 4.94
Nuveen LA Muni A 8/31/2010 3/15/2012 1.000 11.21 10.68 0.00 0.53
Nuveen LA Muni A 9/7/2010 3/15/2012 8.000 89.68 90.08 0.00 −0.40
Nuveen LA Muni A 9/30/2010 3/15/2012 13.000 145.73 140.66 0.00 5.07
Nuveen LA Muni A 9/30/2010 3/15/2012 1.000 11.21 10.82 0.00 0.39
Nuveen LA Muni A 10/4/2010 3/15/2012 8.000 89.68 90.08 0.00 −0.40
Nuveen LA Muni A 10/29/2010 3/15/2012 13.000 145.73 139.87 0.00 5.86
Nuveen LA Muni A 11/1/2010 3/15/2012 8.000 89.68 89.68 0.00 0.00
Nuveen LA Muni A 11/30/2010 3/15/2012 14.000 156.94 147.13 0.00 9.81
43

[*43] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Nuveen LA Muni A 11/30/2010 3/15/2012 1.000 11.21 10.77 0.00 0.44
Nuveen LA Muni A 12/6/2010 3/15/2012 9.000 100.89 98.37 0.00 2.52
Nuveen LA Muni A 12/31/2010 3/15/2012 14.000 156.94 143.36 0.00 13.58
Nuveen LA Muni A 1/3/2011 3/15/2012 9.000 100.89 96.03 0.00 4.86
Nuveen LA Muni A 1/31/2011 3/15/2012 14.000 156.94 141.40 0.00 15.54
Nuveen LA Muni A 1/31/2011 3/15/2012 1.000 11.21 10.30 0.00 0.91
Nuveen LA Muni A 2/28/2011 3/15/2012 14.000 156.95 143.21 0.00 13.74
Nuveen LA Muni A 2/28/2011 3/15/2012 1.000 11.21 10.11 0.00 1.10
Blackrock Nat I 7/26/1999 3/15/2012 5.000 53.70 54.35 0.65 0.00
Blackrock Nat I 7/26/1999 3/15/2012 16.000 171.83 173.93 0.00 −2.10
Blackrock Nat I 8/25/1999 3/15/2012 11.000 118.13 119.21 0.00 −1.08
Blackrock Nat I 9/27/1999 3/15/2012 20.000 214.80 202.67 0.00 12.13
Blackrock Nat I 10/15/1999 3/15/2012 3.000 32.21 32.94 0.00 −0.73
Blackrock Nat I 10/25/1999 3/15/2012 8.000 85.92 81.60 0.00 4.32
Blackrock Nat I 11/26/1999 3/15/2012 5.000 53.70 49.96 0.00 3.74
Blackrock Nat I 12/27/1999 3/15/2012 5.000 53.70 48.95 0.00 4.75
Blackrock Nat I 1/25/2000 3/15/2012 5.000 53.70 48.36 0.00 5.34
Blackrock Nat I 2/25/2000 3/15/2012 20.000 214.80 195.95 0.00 18.85
Blackrock Nat I 3/27/2000 3/15/2012 3.000 32.22 33.24 0.00 −1.02
Blackrock Nat I 4/17/2000 3/15/2012 2.000 21.48 16.59 0.00 4.89
Blackrock Nat I 4/25/2000 3/15/2012 3.000 32.22 33.07 0.00 −0.85
Blackrock Nat I 5/25/2000 3/15/2012 3.000 32.21 32.39 0.00 −0.18
Blackrock Nat I 6/15/2000 3/15/2012 2.000 21.47 16.51 0.00 4.96
Blackrock Nat I 6/26/2000 3/15/2012 3.000 32.22 33.17 0.00 −0.95
Blackrock Nat I 7/25/2000 3/15/2012 3.000 32.22 33.53 0.00 −1.31
Blackrock Nat I 8/15/2000 3/15/2012 2.000 21.48 16.88 0.00 4.60
Blackrock Nat I 8/25/2000 3/15/2012 75.000 805.50 782.45 0.00 23.05
Blackrock Nat I 9/15/2000 3/15/2012 2.000 21.48 16.92 0.00 4.56
Blackrock Nat I 9/25/2000 3/15/2012 15.000 161.10 151.81 0.00 9.29
Blackrock Nat I 10/25/2000 3/15/2012 11.000 118.14 118.30 0.00 −0.16
Blackrock Nat I 11/15/2000 3/15/2012 2.000 21.48 16.80 0.00 4.68
Blackrock Nat I 11/27/2000 3/15/2012 3.000 32.22 33.68 0.00 −1.46
Blackrock Nat I 12/15/2000 3/15/2012 2.000 21.47 17.20 0.00 4.27
Blackrock Nat I 12/26/2000 3/15/2012 5.000 53.70 51.89 0.00 1.81
Blackrock Nat I 1/25/2001 3/15/2012 3.000 32.21 34.49 0.00 −2.28
Blackrock Nat I 2/15/2001 3/15/2012 2.000 21.48 17.26 0.00 4.22
Blackrock Nat I 2/26/2001 3/15/2012 3.000 32.21 34.51 0.00 −2.30
Blackrock Nat I 3/15/2001 3/15/2012 2.000 21.48 17.32 0.00 4.16
Blackrock Nat I 3/26/2001 3/15/2012 3.000 32.22 34.71 0.00 −2.49
Blackrock Nat I 4/25/2001 3/15/2012 3.000 32.22 33.79 0.00 −1.57
Blackrock Nat I 5/15/2001 3/15/2012 2.000 21.47 16.93 0.00 4.54
Blackrock Nat I 5/25/2001 3/15/2012 3.000 32.22 34.02 0.00 −1.80
Blackrock Nat I 6/15/2001 3/15/2012 2.000 21.48 17.11 0.00 4.37
Blackrock Nat I 6/25/2001 3/15/2012 5.000 53.70 51.42 0.00 2.28
Blackrock Nat I 7/25/2001 3/15/2012 5.000 53.70 51.78 0.00 1.92
Blackrock Nat I 8/27/2001 3/15/2012 44.000 472.56 472.77 0.00 −0.21
Blackrock Nat I 9/17/2001 3/15/2012 3.000 32.22 35.04 0.00 −2.82
44

[*44] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Blackrock Nat I 9/25/2001 3/15/2012 3.000 32.22 34.64 0.00 −2.42
Blackrock Nat I 10/25/2001 3/15/2012 2.000 21.48 17.39 0.00 4.09
Blackrock Nat I 11/15/2001 3/15/2012 3.000 32.22 34.78 0.00 −2.56
Blackrock Nat I 11/26/2001 3/15/2012 2.000 21.48 17.22 0.00 4.26
Blackrock Nat I 12/17/2001 3/15/2012 3.000 32.22 33.58 0.00 −1.36
Blackrock Nat I 12/26/2001 3/15/2012 7.000 75.18 67.68 0.00 7.50
Blackrock Nat I 1/25/2002 3/15/2012 2.000 21.48 17.12 0.00 4.36
Blackrock Nat I 2/15/2002 3/15/2012 3.000 32.22 34.22 0.00 −2.00
Blackrock Nat I 2/25/2002 3/15/2012 2.000 21.48 17.19 0.00 4.29
Blackrock Nat I 3/15/2002 3/15/2012 3.000 32.22 33.86 0.00 −1.64
Blackrock Nat I 3/25/2002 3/15/2012 2.000 21.48 16.85 0.00 4.63
Blackrock Nat I 4/15/2002 3/15/2012 3.000 32.22 33.94 0.00 −1.72
Blackrock Nat I 4/25/2002 3/15/2012 2.000 21.48 17.03 0.00 4.45
Blackrock Nat I 5/15/2002 3/15/2012 3.000 32.22 33.86 0.00 −1.64
Blackrock Nat I 5/28/2002 3/15/2012 2.000 21.47 17.01 0.00 4.46
Blackrock Nat I 6/17/2002 3/15/2012 3.000 32.22 34.18 0.00 −1.96
Blackrock Nat I 6/25/2002 3/15/2012 2.000 21.48 17.09 0.00 4.39
Blackrock Nat I 7/15/2002 3/15/2012 3.000 32.22 34.40 0.00 −2.18
Blackrock Nat I 7/25/2002 3/15/2012 34.000 365.16 362.25 0.00 2.91
Blackrock Nat I 8/15/2002 3/15/2012 2.000 21.48 17.23 0.00 4.25
Blackrock Nat I 8/26/2002 3/15/2012 3.000 32.22 34.40 0.00 −2.18
Blackrock Nat I 9/16/2002 3/15/2012 3.000 32.22 34.68 0.00 −2.46
Blackrock Nat I 9/25/2002 3/15/2012 2.000 21.48 17.47 0.00 4.01
Blackrock Nat I 10/15/2002 3/15/2012 2.000 21.47 17.28 0.00 4.19
Blackrock Nat I 10/25/2002 3/15/2012 5.000 53.70 50.66 0.00 3.04
Blackrock Nat I 11/15/2002 3/15/2012 3.000 32.22 34.12 0.00 −1.90
Blackrock Nat I 11/25/2002 3/15/2012 2.000 21.48 17.01 0.00 4.47
Blackrock Nat I 12/16/2002 3/15/2012 3.000 32.22 34.14 0.00 −1.92
Blackrock Nat I 12/26/2002 3/15/2012 3.000 32.22 34.30 0.00 −2.08
Blackrock Nat I 1/15/2003 3/15/2012 2.000 21.48 17.05 0.00 4.43
Blackrock Nat I 1/27/2003 3/15/2012 67.000 719.58 701.51 0.00 18.07
Blackrock Nat I 2/18/2003 3/15/2012 3.000 32.22 34.18 0.00 −1.96
Blackrock Nat I 2/25/2003 3/15/2012 2.000 21.48 17.20 0.00 4.28
Blackrock Nat I 3/17/2003 3/15/2012 3.000 32.22 34.50 0.00 −2.28
Blackrock Nat I 3/25/2003 3/15/2012 2.000 21.48 17.06 0.00 4.42
Blackrock Nat I 4/15/2003 3/15/2012 3.000 32.22 34.18 0.00 −1.96
Blackrock Nat I 4/25/2003 3/15/2012 2.000 21.48 17.27 0.00 4.21
Blackrock Nat I 5/15/2003 3/15/2012 3.000 32.22 35.08 0.00 −2.86
Blackrock Nat I 5/27/2003 3/15/2012 11.000 118.14 123.54 0.00 −5.40
Blackrock Nat I 6/16/2003 3/15/2012 5.000 53.70 53.28 0.00 0.42
Blackrock Nat I 6/25/2003 3/15/2012 15.000 161.10 157.76 0.00 3.34
Blackrock Nat I 7/15/2003 3/15/2012 2.000 21.48 17.23 0.00 4.25
Blackrock Nat I 7/25/2003 3/15/2012 25.000 268.50 256.20 0.00 12.30
Blackrock Nat I 8/15/2003 3/15/2012 3.000 32.22 33.56 0.00 −1.34
Blackrock Nat I 8/25/2003 3/15/2012 2.000 21.47 16.81 0.00 4.66
Blackrock Nat I 9/15/2003 3/15/2012 3.000 32.22 34.02 0.00 −1.80
Blackrock Nat I 9/25/2003 3/15/2012 2.000 21.48 17.12 0.00 4.36
45

[*45] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Blackrock Nat I 10/15/2003 3/15/2012 2.000 21.48 16.95 0.00 4.53
Blackrock Nat I 10/27/2003 3/15/2012 2.000 21.48 17.12 0.00 4.36
Blackrock Nat I 11/17/2003 3/15/2012 3.000 32.22 34.50 0.00 −2.28
Blackrock Nat I 11/25/2003 3/15/2012 2.000 21.48 17.28 0.00 4.20
Blackrock Nat I 12/15/2003 3/15/2012 3.000 32.22 34.52 0.00 −2.30
Blackrock Nat I 12/26/2003 3/15/2012 2.000 21.48 17.37 0.00 4.11
Blackrock Nat I 1/15/2004 3/15/2012 3.000 32.22 34.94 0.00 −2.72
Blackrock Nat I 1/26/2004 3/15/2012 11.000 118.14 121.66 0.00 −3.52
Blackrock Nat I 2/17/2004 3/15/2012 2.000 21.48 17.47 0.00 4.01
Blackrock Nat I 2/25/2004 3/15/2012 2.000 21.48 17.50 0.00 3.98
Blackrock Nat I 3/15/2004 3/15/2012 3.000 32.22 35.10 0.00 −2.88
Blackrock Nat I 3/24/2004 3/15/2012 2.000 21.48 17.45 0.00 4.03
Blackrock Nat I 3/25/2004 3/15/2012 2.000 21.48 17.41 0.00 4.07
Blackrock Nat I 4/26/2004 3/15/2012 40.000 429.60 415.60 0.00 14.00
Blackrock Nat I 5/21/2004 3/15/2012 23.000 247.02 235.29 0.00 11.73
Blackrock Nat I 5/25/2004 3/15/2012 13.000 139.62 133.10 0.00 6.52
Blackrock Nat I 5/28/2004 3/15/2012 1.000 10.73 10.26 0.00 0.47
Blackrock Nat I 6/22/2004 3/15/2012 23.000 247.02 235.75 0.00 11.27
Blackrock Nat I 6/25/2004 3/15/2012 17.000 182.58 174.59 0.00 7.99
Blackrock Nat I 7/22/2004 3/15/2012 22.000 236.28 228.14 0.00 8.14
Blackrock Nat I 7/26/2004 3/15/2012 19.000 204.06 197.02 0.00 7.04
Blackrock Nat I 8/20/2004 3/15/2012 23.000 247.02 240.81 0.00 6.21
Blackrock Nat I 8/25/2004 3/15/2012 2.000 21.48 20.91 0.00 0.57
Blackrock Nat I 9/21/2004 3/15/2012 22.000 236.28 231.66 0.00 4.62
Blackrock Nat I 9/27/2004 3/15/2012 1.000 10.74 10.56 0.00 0.18
Blackrock Nat I 10/21/2004 3/15/2012 23.000 247.02 242.88 0.00 4.14
Blackrock Nat I 10/25/2004 3/15/2012 97.000 1,041.78 1,025.29 0.00 16.49
Blackrock Nat I 11/19/2004 3/15/2012 23.000 247.02 241.50 0.00 5.52
Blackrock Nat I 12/21/2004 3/15/2012 22.000 236.28 231.88 0.00 4.40
Blackrock Nat I 12/27/2004 3/15/2012 1.000 10.74 10.52 0.00 0.22
Blackrock Nat I 1/21/2005 3/15/2012 25.000 268.50 264.75 0.00 3.75
Blackrock Nat I 1/25/2005 3/15/2012 10.000 107.40 105.80 0.00 1.60
Blackrock Nat I 2/18/2005 3/15/2012 22.000 236.28 232.98 0.00 3.30
Blackrock Nat I 3/22/2005 3/15/2012 21.000 225.54 220.29 0.00 5.25
Blackrock Nat I 4/21/2005 3/15/2012 22.000 236.28 231.88 0.00 4.40
Blackrock Nat I 5/20/2005 3/15/2012 23.000 247.02 244.03 0.00 2.99
Blackrock Nat I 6/22/2005 3/15/2012 21.000 225.54 223.65 0.00 1.89
Blackrock Nat I 7/22/2005 3/15/2012 24.000 257.76 254.64 0.00 3.12
Blackrock Nat I 8/24/2005 3/15/2012 23.000 247.02 244.26 0.00 2.76
Blackrock Nat I 9/23/2005 3/15/2012 23.000 247.02 243.34 0.00 3.68
Blackrock Nat I 10/25/2005 3/15/2012 23.000 247.02 241.04 0.00 5.98
Blackrock Nat I 11/23/2005 3/15/2012 22.000 236.28 229.90 0.00 6.38
Blackrock Nat I 12/23/2005 3/15/2012 24.000 257.76 252.00 0.00 5.76
Blackrock Nat I 1/20/2006 3/15/2012 20.000 214.80 210.80 0.00 4.00
Blackrock Nat I 2/17/2006 3/15/2012 22.000 236.28 231.66 0.00 4.62
Blackrock Nat I 3/23/2006 3/15/2012 24.000 257.76 252.24 0.00 5.52
Blackrock Nat I 4/21/2006 3/15/2012 23.000 247.02 239.89 0.00 7.13
46

[*46] Wash sale Gain or
Date of Date of sale Cost basis
Security Quantity Amount loss loss
acquisition or exchange
disallowed
Blackrock Nat I 5/23/2006 3/15/2012 23.000 247.02 239.66 0.00 7.36
Blackrock Nat I 6/22/2006 3/15/2012 22.000 236.28 227.92 0.00 8.36
Blackrock Nat I 7/21/2006 3/15/2012 24.000 257.76 249.84 0.00 7.92
Blackrock Nat I 8/22/2006 3/15/2012 23.000 247.02 241.96 0.00 5.06
Blackrock Nat I 9/21/2006 3/15/2012 22.000 236.28 232.54 0.00 3.74
Blackrock Nat I 10/31/2006 3/15/2012 30.000 322.20 317.70 0.00 4.50
Blackrock Nat I 11/30/2006 3/15/2012 22.000 236.28 234.08 0.00 2.20
Blackrock Nat I 12/29/2006 3/15/2012 23.000 247.02 243.11 0.00 3.91
Blackrock Nat I 1/3/2007 3/15/2012 1.000 10.74 10.58 0.00 0.16
Blackrock Nat I 1/31/2007 3/15/2012 23.000 247.02 242.19 0.00 4.83
Blackrock Nat I 2/1/2007 3/15/2012 1.000 10.74 10.53 0.00 0.21
Blackrock Nat I 2/28/2007 3/15/2012 21.000 225.54 222.60 0.00 2.94
Blackrock Nat I 3/30/2007 3/15/2012 16.000 171.84 168.80 0.00 3.04
Blackrock Nat I 4/30/2007 3/15/2012 16.000 171.84 168.64 0.00 3.20
Blackrock Nat I 5/1/2007 3/15/2012 1.000 10.74 10.54 0.00 0.20
Blackrock Nat I 5/31/2007 3/15/2012 16.000 171.84 167.52 0.00 4.32
Blackrock Nat I 6/29/2007 3/15/2012 16.000 171.84 166.24 0.00 5.60
Blackrock Nat I 7/2/2007 3/15/2012 1.000 10.74 10.39 0.00 0.35
Blackrock Nat I 7/31/2007 3/15/2012 16.000 171.84 166.24 0.00 5.60
Blackrock Nat I 8/1/2007 3/15/2012 1.000 10.74 10.38 0.00 0.36
Blackrock Nat I 8/31/2007 3/15/2012 17.000 182.58 174.59 0.00 7.99
Blackrock Nat I 9/28/2007 3/15/2012 16.000 171.84 165.60 0.00 6.24
Blackrock Nat I 10/1/2007 3/15/2012 1.000 10.74 10.35 0.00 0.39
Blackrock Nat I 10/31/2007 3/15/2012 17.000 182.58 175.78 0.00 6.80
Blackrock Nat I 11/30/2007 3/15/2012 16.000 171.84 164.96 0.00 6.88
Blackrock Nat I 12/31/2007 3/15/2012 17.000 182.58 174.25 0.00 8.33
Blackrock Nat I 1/2/2008 3/15/2012 1.000 10.74 10.27 0.00 0.47
Blackrock Nat I 1/31/2008 3/15/2012 24.000 257.76 246.72 0.00 11.04
Blackrock Nat I 2/29/2008 3/15/2012 23.000 247.02 226.09 0.00 20.93
Blackrock Nat I 3/3/2008 3/15/2012 1.000 10.74 9.89 0.00 0.85
Blackrock Nat I 3/31/2008 3/15/2012 25.000 268.50 250.00 0.00 18.50
Blackrock Nat I 4/1/2008 3/15/2012 1.000 10.74 9.98 0.00 0.76
Blackrock Nat I 4/30/2008 3/15/2012 23.000 247.02 231.38 0.00 15.64
Blackrock Nat I 5/1/2008 3/15/2012 1.000 10.74 10.06 0.00 0.68
Blackrock Nat I 5/30/2008 3/15/2012 24.000 257.76 241.92 0.00 15.84
Blackrock Nat I 6/30/2008 3/15/2012 23.000 247.02 228.85 0.00 18.17
Blackrock Nat I 7/31/2008 3/15/2012 23.000 247.02 227.93 0.00 19.09
Blackrock Nat I 8/1/2008 3/15/2012 1.000 10.74 9.91 0.00 0.83
Blackrock Nat I 8/29/2008 3/15/2012 25.000 268.50 248.75 0.00 19.75
Blackrock Nat I 9/30/2008 3/15/2012 27.000 289.98 255.96 0.00 34.02
Blackrock Nat I 10/1/2008 3/15/2012 1.000 10.74 9.47 0.00 1.27
Blackrock Nat I 10/31/2008 3/15/2012 30.000 322.20 273.90 0.00 48.30
Blackrock Nat I 11/28/2008 3/15/2012 28.000 300.72 252.84 0.00 47.88
Blackrock Nat I 12/31/2008 3/15/2012 29.000 311.46 258.68 0.00 52.78
Blackrock Nat I 1/30/2009 3/15/2012 27.000 289.9

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/9963212. Public record. Not legal advice.