David Rasmussen Hansen

Shares-Templeton Growth Fund, Inc — Int/Div — Bght

Units Consolidated Capital Limited Partner ship — lan Ga:

One-half interest (El N) farm Hardin Cou nty. Iowa — Rent — value $151.110

Rental Duplex-lowa Falls IA Sold 2005-re ported 2005 report

Principal Life Insurance Policies Cash Sur render Values — None

Certificate of Deposit, Mt. Vernon Bank, M t. Vemon, Iowa — Interest

Savings Account Mt. Vernon Bank, Mt. Ve mon, Jowa — Interest

Savings Account Mt. Vernon Bank, Mt. Ve mon, lowa — Interest

PrinFinGrpStock issued on demutualization — Int/Div

Lutheran Brhd Life Insur policies cash surr v alue — None

Amerus Life Insur Policy cash surrender va lue — None

Real Estate Contract (Sale of Rental Duplex #4 above) — Interest

_y-

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UNITED STATES COURTHOUSE

~~.

101 FIRST STREET. S.E. SUITE 30¢

CEDAR RAPIDS, IOWA 52401-1230

"copy

CHAMBERS OF

May 4

19380

JUDGE DAVID R. HANSEN

Honorable John H. Pratt

Judicial Ethics Committee

Chairman,

Judiciary Conference of the United States

811 Vermont Ave.

’

N.W.

Washington,

D.C

20514

Re:

WIN-GIN Farms

Dear Judge Pratt:

1990 is received.

Your letter of April 6,

In 1971,

while a practicing lawyer in Iowa Palls,

Iowa, I purchased as an investment an undivided one-

half interest in a2 GEER Iowa farm..

The other

undivided half interest is owned by’

In ord

to Gy ranage our. undiv ed

interests,

and I formed a 50-50 partnership’

wa call WIN-GIN' Farms which is a passive conduit which

receives the cdsh rent from the farm, pays the

insurance,

taxes, and repairs, and passes through the

nat rental income to each of us equally.

The

partnership does. not own the real estate.

we do not

farm the. ground but have always rented it for cash rent

to long time farmer tenants.

WIN-GIN Farms’ ‘produces no

crops, raises no livestock, and s

‘alls no: products.

It.

is the: management device by which

Rt sy

and I

hava chosen to efficiently manage our equal. but

undivided interests in the real estate.

wae both do the

occasional weekend small repairs such as fixing fence

and painting which are required. to maintain the.

property and I prepare the annual Federal and Iowa

state income tax returns for the .partnership and see to

their filing.

The total gross income from the rents

last year was $8,100 and after expenses we netted about

$6,000 that was split equally between us.