Mark S. Wallace

Wells Fargo Advisors Money Market Fund — Dividend

US Treasury Bond — Interest

SDD units — None — Sold

SRS units — Distribution — Sold

Wells Fargo Bank Deposit (x) — Interest

ABX common stock — Dividend

American Century Capital Preservation Fund — Dividend

American Century Global Gold Fund — Dividend

3 December oats — None — Buy

American Century Capital Preservation Fund — Dividend — Buy (add'l)

American Century Capital Preservation Fund — Buy (add'l)

UBS USA Deposit Account — Interest

XOM common stock — Dividend

Obsidian Energy — Dividend — Sold

GDX units — Distribution

NLY units — Dividend — Sold

ABX common stock — Dividend

COP common stock — Dividend

PSX — Dividend

ECA common stock — Dividend — Sold

iShares TIPs Bond Fund — Distribution

US Treasury obligations — Interest

Federated Prudent Bear Fund — Distribution

PHYS units — None

Physical gold — None

US Double Eagle coins — None

Physical silver — None

Bank of America savings account — Interest

Bank of America checking account — Interest

Union Bank checking account — Interest

Chase Bank checking account — Interest

Chase Bank savings account — Interest

SDD units — None

ABX common stock — Dividend

XOM common stock — Dividend

US Treasury obligations — Interest

Federated Prudent Bear Fund — Distribution

Vanguard Ginnie Mae Fund — Distribution

Vanguard Inflation Index Fund — Distribution

Rydex Inverse S&P5002x Strategy Fund — Distribution

American Century Capital Preservation Fund — Distribution

UBS U.S. deposit account — Interest

GG common stock — Dividend — Merged (with line 55)

US. Treasury obligations — Interest

Dreyfus 100% USTreasury Money Market Fuind — Distribution

Fidelity US Treasury Money Market Fund — Distribution

Rydex US Government Money Market Fund — Distribution

Grizzly Short Fund — Distribution

Wells Fargo Bank Deposit Sweep — Interest

ADM Investor Services — Distribution

US Savings Bonds — Interest

Northwestern Whole Life Mutual Life Insurance Policy — Dividend

U.S. Treasury obligations — Interest

Prudent Bear Fund — Distribution

20 PCLN common stock — None

NEM common stock — Dividend

BGEIX units — Distribution

SGOL units — None

NEM common stock — Dividend

SLV units — None

200 MAR common stock — None — Buy (add'l)

200 MAR common stock — Buy (add'l)

200 MAR common stock — Buy (add'l)

20 CMG common stock — None

20 AZO common stock — None — Buy

AVP common stock — Dividend — Sold

TDOC common stock — Dividend — Buy

400 FEYE — Dividend

100 ARRY — Dividend — Sold

Jackson National Life Insurance Annuity (H)

JNL/Mellon Capital S&P 500 Index — Dividend

JNL/MC Nasdaq 100 Index — Dividend

JNL/DFA US Core Equity — Dividend

JNL/MC SmCapIndex — Dividend

JNL/T. Rowe Price Short-Term Bond — Dividend

1 March copper — None — Sold

2 December corn — None — Buy

2 December corn — Sold

3 December oats — Sold

1 December corn — None — Buy

1 December corn — Sold

1 December corn — None — Buy

1 December corn — Sold

1 January natural gas — None — Buy

1 January natural gas — Sold

1 December corn — None — Buy

1 December corn — Sold

1 March corn — None — Buy

Trustee, Revocable Trust #1 (no reportable assets)

Liability — Wells Fargo Advisors — Contingent liabilities for stocks sold short

Liability — Bank of America — Credit card

Liability — Chase Bank Visa Card — Credit card

Liability — ADM Investor Services, Inc. — Liabilities on commodity and futures positions in excess of cash posted for margin

Liability — US Bank — Credit card

Liability — Union Bank — Credit card

Liability — Chase Bank — Credit card

Reimbursement — American Bankruptcy Institute — March 27-28, 2019 — Beverly Hills, CA — 2018 Bankruptcy Battleground West — Transportation, meals, hotel

Reimbursement — American Bar Association, Section of Taxation — January 17-19, 2019 — New Orleans, LA — Midyear Meeting — Transportation, meals, hotel

Reimbursement — Association of Insolvency and Restructuring Advisors — June 4-8, 2019 — Boston, MA — Annual Conference — Transportation, meals, hotel

Some of the reported transactions are short sales. In such a transaction, the sale precedes the purchase. Gain or loss is realized when the short sale is closed out

by purchasing the stock or commodity that was sold short. The audit function in the software fails to take these short sales into account and therefore generates a

host of misleading "error" messages. For example, if a June emini S&P contract is sold on April 10, 2019 and bought on June 1, 2019, the transaction closes out

on June 1, 2019 and nothing is owned as of the close of the reporting period on December 31, 2019. Short sales and short positions are denoted by a minus sign

in front of the item being sold short, for example -20 PCLN common stock means that 20 shares of Priceline common stock was sold short. As of December 31,

2019, most or all my short positions in individual stocks were showing losses. None of the short sales generates any income, so there is a question as to whether I

should be reporting short sales where there is no income and a loss position at the end of the year.

Certain assets generate no income during the reporting period. For example, precious metals generate no income unless sold. Stocks that are sold short (such as

CMG) generate no income while held short.

Some of the reported transactions involve commodity, currency index or stock index futures contracts. In such a transaction, there is no "purchase price" as such.

Instead, the buyer (or seller) posts cash margin to secure his promise to buy or sell at maturity. The liability on futures contracts can vary from day to day based

upon daily price limits regarding how much a price for the underlying commodity, currency index or stock index can rise or fall in a single day. Some contracts

have no limits. Therefore, the liability theoretically could be infinite. In actual practice, if a futures position moves against the holder, the brokerage company

will issue a margin call requiring the holder to post additional cash margin within 24 to 72 hours of the call. If margin is not timely posted, the brokerage

company will close out the position and bill the holder for the deficiency.

Also, please note that when securities are sold short and then closed out in not one but two (partial) transactions, there is no "buy (partial)" notation to elect.

Therefore, I simply used "buy."

For open futures positions at the end of the year, if any, the unrealized gain or loss in the contract as of the close of business on December 31, 2019 is reported.

Revocable Trust #1 no longer has a beneficial interest in any assets. I continue to use this trust as a nominee so that I can distinguish between separate property

and community property. (My deceased mother was previously the sole beneficiary under this trust).

Various individual stocks are sold short in my Wells Fargo Advisors securities account (for example, CMG, PCLN, etc.) This account is a margin account. If

the stocks-sold-short positions were to significantly move against me, I could be required to post additional margin. This has never occurred in my case but is

theoretically possible. Accordingly, I have listed this as a contingent liability in Part VI of this report.

In certain instances name changes have occurred. For example, ETFS Physical Swiss Gold changed its name to Aberdeen Standard Swiss Gold Shares ETF.

Priceline (PCLN) changed its name to BKNG. The report retains the old names.