xt70rx937t9n_552 https://exploreuk.uky.edu/dips/xt70rx937t9n/data/mets.xml https://exploreuk.uky.edu/dips/xt70rx937t9n/data/46m4.dao.xml unknown 13.63 Cubic Feet 34 boxes, 2 folders, 3 items In safe - drawer 3 archival material 46m4 English University of Kentucky The physical rights to the materials in this collection are held by the University of Kentucky Special Collections Research Center.  Contact the Special Collections Research Center for information regarding rights and use of this collection. Laura Clay papers Temperance. Women -- Political activity -- Kentucky. Women's rights -- Kentucky. Women's rights -- United States -- History. Women -- Suffrage -- Kentucky. Women -- Suffrage -- United States. Income tax returns text Income tax returns 2020 https://exploreuk.uky.edu/dips/xt70rx937t9n/data/46m4/Box_30/Folder_1/Multipage27836.pdf 1917 1917 1917 section false xt70rx937t9n_552 xt70rx937t9n 53:0411/2’1/~ Iz¢4r1¢QL<52£/?%;‘é;’2zz xéigzi/z../1-c.--.€§§3(5;:257’/;z;v n/édg/iie;,y»zx,4>«:,li‘jg:51?}_gfi'/@2C,g/;{/,Lfivpl

#77!
INDIVIDUAL moons r x
We Mew, 23’

Every citizen of the United States, whether residing at home or abroad, and every person
residing in the United States, though not a citizen thereof. whose net income for the calendar
year 1917 (see Item 0, page 4) amounted to $1,000 if the individual is single or does not'live
with wife (or husband) or $2,000 if he is married and lives with wife (or husband), is required
to make a return.

If the combined income of husband and wife, living together, and dependent children
equaled or exceeded $2,000, all such income must be reported, either on one return or on
separate returns. Husband and wife should make separate returns if either is subject to
surtax (see instruction 0).

Executors and administrators of the estates of deceased persons must make returns covering
the part of the taxable year during which such persons were alive, and also returns for the
estates during the period of settlement. If the income of a trust estate was distributed, the
fiduciary should get a copy of Form 1041 and comply with the instructions thereon. If the
income from a trust estate was not distributed, the fiduciary must make a return for the estate
on this form.

Guardians must make returns for their wards. Duly authorized agents may make returns
for persons who by reason of sickness or other disability or absence from the United States
are unable to make their own returns.

2. Income Exempt from Tax.

The following kinds of income need not be reported on this return:

(a) Proceeds of life-insurance policies paid to individual beneficiaries upon the death of
the insured.

(b) The amount received by the insured as a return of premium or premiums paid by
him under life insurance, endowment, or annuity contracts, either during the term or at the
maturity of the term mentioned in the contract, or upon the surrender of the contract.

(0) The value of property acquired by gift, bequest, devise, or descent (but the income
from such property shall be included as income).

((1) Interest upon the obligations of a State or any political subdivision thereof.

(0) Interest upon the obligations of the United States, except, in the case of such obli-
gations issued since September 1, 1917, upon the amount by which an individual ’s holdings
‘ exceed 85.000 par value.

(f) Interest upon obligations of the possessions of the United States.

(9) Interest upon securities issued under the provisions of the Federal Farm Loan Act
of July 17, 1910.

\ (h) The compensation of all officers and employees of a State, or any political subdivision
thereof, except when such compensation is paid by the United States Government.

3. Personal Exemption.

A single person or a married person not living with wife or husband and having no depend-
ents is entitled to a personal exemption of $1,000.

A married person living with wife or husband, or a head of a family, is entitled to a per-
sonal exemption of $2,000, plus $200 for each child dependent upon him or her, if under 18
years of age or incapable of self—support because mentally or physically defective.

A “head of family” is a person who in accordance with some moral or legal obligation
actually supports and maintains one or more individuals closely related to him or her by
blood, marriage, or adoption.

The amount by which. the net income exceeds the foregoing exemption is subject to a
normal tax of 2 per cent under the act or October 3, 1917. A further exemption or $2,000 is
allowed before computing the normal tax of 2 per cent imposed by the act of September 8, 1916.

If a husband and wife make separate returns, their total exemption may be claimed by
either (but not by both), or it may be divided between them.

The exemption is determined by the individual’s status on December 31, 1917. A'

deceased individual’s exemption is determined by his status at the time of his death.
An estate or trust paying income tax is entitled to an exemption of 81,000.

4. Tax Withheld at Source.

N 0 credit should be claimed in this return for tax withheld on any income except 2 per
cent of the interest on tax—free-covenant bonds (see Item 31, page 4). If tax on any other
income has been withheld (except from nonresident aliens), the law provides that it shall
be paid over by the withholding agent to the person from whom it was withheld.

5."Basis of Return of Income.

This return must show the income actually received and expenses actually paid during
the year, unless the taxpayer keeps accounts (available for examination by internal revenue
officers) showing income accrued and expenses incurred.

Form 10“) (Revised January, l918)—UNITED Smrns INTERNAL REVENUE

N, res

Page 1

git-same YEAR 1917 , .41.,
0&5?” (WM/’7? W/i/éZL/Zga/Uf ,/

If your total net income (Item 0, page 4) exceeds $5,000 you are subject to a surtax on
the amount of net income in excess of $5,000 at a rate dependent on the amount of your total
net income. To compute the amount of surtax, use the table and instructions at the bottom

of this page.

'L'p

7. Excess Profits Taxes.

If your net income reported under A on page 3 exceeded $6,000, you are subject to an
excess profits tax at the rate of 8 per cent on the amount by which the net total under A exceeds
$6,000.

If your total net income from all sources exceeded $6,000 and you received any income
from a trade or business with invested capital, you should get a copy of the excess profits tax
return (Form 1101), and calculate the amount of your tax, if any, as directed therein.

Enter the amounts of your excess profits taxes-if any, as Items 34 and 35, page 4, and their
total as Item L, page 4. -

For further instruct-ions, see the Excess I’rofits Tax Regulations.

. S. Aifidavit.

The affidavit must be executed by the person whose income is reported unless he is a
minor or unless he is ill, absent from the country, or otherwise incapacitated, in which case
an agent may execute the affidavit. .

The oath will be administered without charge by any collector or deputy collector of
internal revenue or (if you are in the military or naval service of the United States) by any
military or naval officer who is authorized to administer oaths for purposes of military or naval
justice and administration. It you are not in the military or naval service and an internal
revenue officer is not available, the return should be sworn to before a notary public, justice
of the peace, or other person authorized to administer oaths.

It is not necessary to show the statement of net income or of tax due to the ofiicer who
administers the oath.

9. What Form Should be Used.

An individual whose net income for 1917 did not exceed his personal exemption by more
than $2,000, and also did not exceed $5,000, may use the smaller return form (1040—A) instead
of this form (1040). For copies of 17 orm 1040—31 or additional copies of Form 1040, inquire of
your collector of internal revenue or at your post office or bank.

10. When the Return Must be Made.

This return must reach the collector’s office on or before March 1, 1918.

The collector of internal revenue may, in case of sickness or absence of the individual,
grant an extension of time not exceeding 30 days from March 1, 1918, provided a written
application therefor is made within the period for which such extension may be granted.

The Commissioner of Internal Revenue is authorized to grant a reasonable extension of
time for any reason he considers adequate.

11. Where the Return Should be Sent.

The return should be delivered or mailed to the collector of internal revenue for the I
district in which the individual resides.

If the individual has no residence in the United States the return should be sent to the
collector for the district in which his principal business is carried on in the United States.

If the individual has neither residence nor place of business in the United States, the
return should be sent to the collector of internal revenue at Baltimore, Md.

It is suggested that a copy of the return be retained.

12. When and to Whom Tax Must be Paid.

You may pay your tax by sending cash, check, or money order with this return to the
collector of internal revenue. .
You must pay it on or before June 15, 1918, to the collector to whom the return is sent.

13. Information at Source.

Every individual, firm, or corporation who during 1917 paid to another person salary,
wages, interest, commissions. rentals, etc., of $800 or more, is required to make a true and
accurate return to the Commissioner of Internal Revenue showing the nature and source of
such payments and the name and address of the person receiving them. Forms for reporting
such information will be ftu'n-ished by any collector of internal revenue.

 

 

TABLE FOR COMPUTATION OF SURTAX ON NET INCOME (Item 0, Page 4) IN EXCESS OF 85,000.

 

Amount

Total

INSTRUCTIONS.

To compute amount of surtax due on any amount of
net income in excess of $5,000: First, find in Column A
the largest sum which is less than the amount of the total
net income reported on the return; then find in Column E
the corresponding amount of total surtax. To this
amount add an amount computed as follows: ,

Subtract from the net income the sum found in 001-
umn A and multiply the remainder by the rate shown on
the next line below in Column C.

' The sum of these two amounts is the total surtax due.

For example, ‘ he surtax on a net income of $22,500 is
computed below: “

1. Largest sum in Column A which is
less than the amount of the total
net income ______________________________

. Total surtax thereon shown in
Column F - ______________________________ 500
. Remainder of net income after
subtracting Item 1, above- _________
. Surtax on this remainder at rate
(8 92)) shown in Column. C on line
below that from which Item 1 was
taken".

. . Total surtax due (sum of Items 2

and 4)-

$20,000

2, 500

 

 

Amount of
net income.

subject to

surtax at
rate shown in

Column C.

Amount‘of
surtax at

each rate.

surtax on
each
amount.

 

A

B

E

 

 

$5, 000
7,500
10,000
12,500
15, 000

20, 000
40,000
60, 000
80, 000
100, 000
150,000
200,000
250,000
300,000
500, 000
750,000
1, 000, 000
1,500,000
2,000,000
Over 2, 000, 000

$ 000
2,500
2,500
2,500
2,500
5,000
20,000
20,000
- 20,000
20,000
50,000
50,000
50,000
50,000
200,000
250,000
250,000
500,000
500,000

0350

1,000
2,400
3,400
4,400
13,500
15,500
18,500
21,000
92,000
125,000
137,500
305,000
310,000

$00
25

75

150

250

500
2,100
4,500
7,900
12,300
25,800
41,300
59,800
80,800
172,800
297,800
435,300
740,300
1,050,300

 

 

 

 

 

 

 

COMPUTATION.

. Largest sum in Column A which is less than
the amount of the total net income ...... S ......... --__. ............

. Total surtax thereon shown in Column E--_ $-------------_----.---.-......

. Remainder of net income after subtracting
Item 1, above- '

 

.
r

. Surtax on this remainder at rate shown in
Column C on line below that from which
Item 1 was taken -

5. Total surtax due (sum of Items 2 and 4)--- $ -------------------------

This total (Item 5) should be entered as Item 33, page 4.

 

 

For failing to make return on time—Not less than
$20 1101' more than $1,000, and, in addition, 50 per cent of

the amount of tax due.

PENALTIES.

the tax due.

For making false or fraudulent return.-—-Not ex—
ceeding $2,000 or not exceeding one year’s imprisonment,
or both. in the discretion of the court, and 100 per cent of

’2—4185

For failing to pay tax on time—Five per cent of the
amount 01 tax due and 1 per cent interest for eachiull month.
during which the tax remains unpaid.

 

This return must reach the Collector of Internal Revenue at

_, or his deputy, on or hetero MARCH 1, I913.

 

 

 Page ‘3

All income must be reported gross, except income received from partnerships or through
fiduciaries, which should be reported net.

Income of any kind amounting to $800 or more received from any one source, or any
income regardless of amount received from a partnership or through a fiduciary, should be
reported separately, together with the name and address of the person, association, corpora-
tion, partnership, or fiduciary from whom received.

Your share of partnership profits should be reported under H, page 4, except the part of
such profits which was originally derived (1) from interest on obligations of the United States
issued since September 1, 1917, held by the partnership in excess of $5,000 par value ( to be
entered under E); (9.) from dividends on stock of domestic and resident corporations (to. be
entered under F); and (T) from interest on securities not subject to Federal incomc tax.

If the partnerships fiscal year differs from the calendar year so that a part of the fiscal
year fell Within the calendar year 1916, a proportionate part of your share of the partnership

DETATLS OF TAXABLE. ENCORE

profits for the fiscal year (with the exceptions noted), assignable to the calendar year 1916,
should be entered under H in the column for deductions, and the balance in the final
column. The total of these two amounts should be entered in the column for “Gross
income.” For normal tax, partnership profits assignable to 1916 but received in 1917 should
be added to item 27, page 4. For surtax, they should be added to dividends (if any) accu—
mulated in 1916, and treated as directed for such dividends under F, below. Dividends
received through a partnership should be reported (like other dividends) under F for the
year in which accumulated, regardless of the fiscal year of the partnership.

,f income reported on this return was received by wife (or husband), or child, enter it in
the same manner as your own income and write the word “wife,” “husband,” or “child,”
on the line on which the income is reported.

If this form has not space enough for all entries, make additional entries on
a separate sheet of paper and attach it securely to page 3 or 4.

A. INCOME FROM SALARIES, WAGES, COMMISSIONS, BONUSES. DIRECTORS’ FEES, AND PENSEONS, AND FROM PROFESSIONS.

Salaries, wages, etc., paid by States or political subdivisions thereof and gifts not form-
ing part of your compensatirm for services rendered should not be reported.

Expenses charged against your compensation or professional income should be explained
on the blank lines marked “Explanation of deductions.”

State whether the salaries, etc., were received by yourself, wife (or husband), or child.

Brokers and commission merchants should report their income under 13 if they buy and
sell on their own account, advance money to their customers, or in any way use more than a
nominal capital in their business.

B. INCOME FROM BUSINESS (INCLUDENG FARMING).

Report income under B only if you are engaged in farming or in business for yourself.
Do not report here your share of partnership profits.

Report undcr C sales of land, buildings, equipment, stocks, bonds, and other property
not connected witl your regular business, and sales of your business plant and equipment.

. If you have a complete profit and loss statement, showing all the information called for
under “Cost of goods sold” and “Other business deductions,” you may attach it to page 3 of
this return and enter the amount of net income under 13, page 3. ~

Gross sales an, income from business services—Individuals deriving income from
the sale of merchandise or of products of farming, manufacturing, mining, or construction
should report the total amount of such sales, less any discounts or allowances from‘the sale
price. Income from business services such as transportation, storage, etc., carried on
with invested capital, should also be reported here.

Cost of goods sold—If you make inventories of merchandise or securities, state under
“Explanations” the basis on which such inventories are made; that is, whether (a) at cost
or (b) at cost or market value, whichever is lower.

If in your books of account you do not regularly inventory unsold goods or securities
on hand, make no entries referring to inventories, but use one of the following methods:

(1) Report as cost of goods sold the total cost of goods purchased or produced during the
year. This method maybe used by manufacturers and dealers in merchandise, but not by
dealers in real estate or securities.

(‘2) Report the cost of the particular articles sold during the year, in accordance with the
instructions under C. This method may be used by dealers in real. estate and securities.

Taxos.——See instructions under J, below.

Repairs—Ordinary repairs, required to keep property in usable condition, are deduct-
ible. Replacements. on the other hand, may not be deducted, unless no deduction for wear
and tear or depreciation has been claimed. Expenditures for permanent improvements are
not deductible under this or any other heading.

This item should be explained in the table at the bottom of page 3.

Wear and man—A deduction may be claimed on account of wear and tear or deprecia-
tion during the year of property used exclusively in business or trade, only to the extent that
such wear and tear or depreciation is not covered by deductions claimed in this return or in
previous returns for repairs, replacements, and losses. The amount claimed for wear and tear
or depreciation should not exceed the original cost of the property divided by its total esti-
mated life in years. When the amount of depreciation allowed equals the cost of the property,
no further claim should he made.

Do not claim any deduction for depreciation in the value of a building occupied by the
owner as his dwelling, or of other property held for personal use. Do not claim any deduction

C. PROFITS FROM SALE OF REAL ESTATE,

Sales connected with your regular business should be reported under B, unless they
would thereby become confused with sales of merchandise whose cost is computed by a
different method (see “Cost of goods sold,” under B, above).

If the profits or losses on sales made through any one broker aggregated $800 or more,
report the transactions on a separate line with the name and address of the broker.

Kind of property.~Describe the property as definitely as you can in a word or two, as
“farm, ” dwelling, ” “stocks, ” “bonds,” etc.

Cost.—1f the property was acquired before March 1, 1913, report the estimated market

for depreciation of real estate (exclusive of improvements thereon), nor for depreciation of
stocks, bonds, and other scczniiics.

This item should be explained in the table at the be tom of page 3.

Depreciation of patents, copyrights, etc., and depletion of mines, etc.~If you
wish to claiur a deduction on account of depreciation in the value of patents, copyrights,
franchises. 5nd other legal privileges. or on account of depletion of mines and oil and gas
wells, see paragraphs 7 and 8, section 5a, of the act of September 8, 1916, and the regula-
tions thereunder, or communicate with your collector of internal revenue.

Property losses—Report only losses of property used in your business or trade
from fire. storm, shipwreck. or ther casualty, or theft. not covered by insurance and not
offset by repairs or replacements reported. The property lost should be valued at cost less
depreciation to date of loss.

Any such losses of property not used in your business, such as your dwelling or household
furniture. should be reported under .1, “Other deductions, ” on page .1_

Do not report any losses for which a claim against an insurance company is pending.
Wait until the claim is settled and deduct from the cost of the property, less depreciation,
the amount of insurance collected. Report the net loss, if any, in the return of income for
the year in which the settlement by the insurance company is made.

This item should be explained in the table at the bottom of page 3.

Bad debts—Report only debts which you have ascertained to be worthless and have
charged off during the year.

A bad debt offsetting income accrued since March 1, 1913, will not be allowed as a deduc-
tion unless the amount was reported as income for the year in which the debt was created.

State under “Explanations” how the debts were ascertained to be worthless. Insolvency
of the debtor, inability to collect by legal proceedings, or inability of debtor to pay,
ascertained by a mercantile agency, would be a sufficient indication of worthlessness.

If at any future time a debt charged of E as worthless and allowed as a deduction is collected
the amount collected must be returned as income for the year in which received.

Unpaid debts are not deductible if made good by recovery of property sold or retention
of property pledged.

Bad debts arising out of personal loans should be reported under J, “Other deductions.”

Other expenses—Do not include any personal, living, or family expenses.

Do not deduct interest on your own investment in your business or farm, or salary for
your own services or services of your family, unless these items are entered as income else-
where in this return or in other returns.

STOCKS, BONDS, AND OTHER. PROPERTY.

value on that date instead of: the cost and explain the basis of your estimate.

Expenses incidental to the purchase of property may be included in the cost if never
claimed in income-tax returns as a deduction from income.

Bonsai—If total cost of all property sold exceeded total sale price, the loss will not be
allowed as a deduction unless the sales out of which the loss arose were connected with your
regular business. If a deduction is claimed on account of losses reported under C, explain
what connection the sales had with your regular business and enter the amount of the loss
under J, “ Other deductions.”

D. INCOME FROM RENTS AND ROYAETIES.

55 H !

Kind of property.——Describe briefly, as “farm,” dwelling, mine,’ and also state
kind of material of which buildings (if any) are constructed. as “brick” or “wood.”

Amount of rent—If tenant rents your farm on a cash rental basis, state the amount
of the rent, whether paid in cash or in crops. If he works it on shares, report your share as

income in your return for the year in which it is sold.

Repairs, wear and tear, and property losses—See instructions renting to repairs.
wear and tear, .epreciation of patents, copyrights, etc., depletion of mines, etc., and property
losses under 13 above.

E. INTEREST ON BONDS AND OTHER OBLIGATIONS OF THE UNITED STATES ESSUED SINCE SEPTEMBER 1, 1917.

Exemption—No return should be made of interest on any amount of such obligations up
to and including $5,000, par value, owned by one individual. The benefit of this exemption
may be claimed in this return not only on behalf of the individual making this return, but
also on behalf of wife, husband, or any member of the family owning such obligations whose
income has been included in this return. ‘

Interest paid—If indebtedness has been incurred for the purchase of such obligations,
find what percentage the amount of such obligations held in excess of $5,000 is of the total
amount of such obligations held, and enter in column 5 the same percentage of the interest
paid on the indebtedness.

F. DIVIDENDS ON STOCK OF CORPORATIONS ORGANIZED OR OPERATING IN THE UNTTED STATES AND SUBJECT TO INCOME TAX.

Dividends which were paid out of profits or surplus accumulated by the distributing
corporation prior to the year for which this return is made but not prior to March 1,1913,
should be reported under the year in which the profits or surplus was accumulated.

The amount of dividends paid out of profits or surplus accumulated in 1916 is subject
to surtax at the rate or rates imposed by the act of September 8, 1916, on a corresponding
amount of incomein excess of the amount of Item 0, page 4.

nuts accumulated from March 1, 1913, to December 31, 1915, is sub-
or rates imposed by the act of October 3, 1913, on a corresponding.
' ss of the sum of Item 0 and the amount accumulated in 1916. ‘
c surtazes should be computed and entered on line 37, page 4. Other-

1

The sum of the
ject to surtax at too

G. INTEREST ON TAX-FREE-COVENANT BONDS ON WHICH ONE NORMAL Trill: OF f3. PER. CENT WAS WITHHEL’O AT SOURCE.

Report under G interest received on bonds of corporations organized or doing business
in the United States, containing a clause by which the debtor corporation agrees to pay the
interest without any deduction for taxes, provided exemption from withholding of the tax and

payment thereof at the source was not claimed with respect to such interest. If exemption was
claimed, the interest received must be reported under H, “Other income,” on page 4.

H. OTHER INCOME.

Report under H interest received on bank deposits. notes, mortgages, etc., and all other
income that is not reported elsewhere on this return, with the exceptions stated in instruction

2, page 1.
State each kind of income separately. (See also instructions at top of page.)
Income received from partnerships or through fiduciaries.-If taxable income

other than that falling under E and F was received from a partnership or if taxable income
other than that falling under E, F, and G.— was received through a fiduciary. enter the name
of the partnership or fiduciary and the aznount received on a separate line.

Reductions, if any.—-Explain expenses claimed as deductions on any vacant lines or
on a separate sheet of paper (to be attached securely to page 3 or 4 of the return).

J. GENERAL BEDUCTEONS.

interest—«Interest on personal indebtedness is deductible except on indebtedness
incurred for the purchase of obligations or securities the interest on which is exempt from
taxation as income.

Taxes—Do not report inheritance taxes, Federal income taxes, or taxes specially assessed
for local improvements or betterments, such as roads, streets, sidewalks, sewers, etc.

Excess profits taxes, if any, should not be included under J, but should be reported as
’ Item L, and also as Items 34 and 35, page 4.

Other deductions—Do not include your personal exemption, which should be entered
on line 21, page 4, or any personal, living, or family expenses.

It you wish to claim a deduction on account of losses of personal property or bad debts
arising out of personal loans, see instructions under B, “Property losses,” and “Bad debts.”

If a net loss is reported under B, D, or II, or if an excess of interest paid is reported under
E (in column 6), it may be claimed as a deduction. If a net loss reported under 0 is claimed
as a deduction, explain how the transactions were connected with your business.

N. CONTRIBUTIONS.

The following are deductible: Contributions or gifts actually made within the year to
corporations or associations organized and operated exclusively for religious, charitable,
scientific, or educational purposes, or to societies for the prevention of cruelty to children or

animals, no part of the net income of which inures to the benefit of any private stockholder
or individual, to an amount not in excess of 15 per cent of your taxable net income as computed
{ithout deducting such contributions. Contributions to indiwduals are not deductible.

 

 ( SEE INSTRUCTIONS ON PAGE 2 DETAILS OF TAXABI‘E INCOME (INCLUDING INCOME OF WIFE (0R HUSBAND) AND DEPEND-
U

ENT CHILDREN. IF NOT REPORTED ON SEPARATE RETURNS
NDER CORRESPONDING HEADINGS WRITE “NONE.” IN EACH BLOCK 3N WHICH YOU HAVE NO INCOME TO REPORT

A. INCOME FROM SALARIES, WAGES, COMMISSIONS, BONUSES, DIRECTORS’ FEES, AND PENSIONS, AND FROM PROFESSIONS.

1. By whom received. 2. Occupation or profession. I

l

 

3. Name and address of employer or (if practicing a profession) ollice address. 4. Gross income. 5. Deductions, if any.

 

 

 

fl /7
J/‘WL.

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME FROM SALARIES, ETC. (total column 4 minus total column 5)

 

 

 

 

 

 

Explanation of deductions:

 

 

 

 

 

B. INCOME FROM BUSINESS (ENCLUDING FARMENC).

 

\>/' I
Kind of business- W4 Eusiness address"-

GROSS SALES and income from businVess services __fl£.2-fi-§I--3_ém_mme/g?¢aa ”W 02% ,g/ 15y iWMt/u/ZJW 1!

COST or Goons SoLD: ,

 

OTHER Busnmss DEDUCTIONS:
L ,5 Salaries and wages not reported as “Labor” under
abor $_ 3Z2;

“Cost of Goods Sold”

Materials and an plies j 7?
W ’ ' e bought for sale ____________________ ‘- __________
WWHfiQZfi-Tfifnmf Taxes on business and business property-

W“ -_ -_ - -K/KnW Repairs. wear and tear, and property losses-

e 1. r. (To be explained in table at bottom of page.)
jéaval 1” M 5W ”4’ /,§ ,. ?

ad debts arising from sales (see instructions

PLUS inventories at beginning of year ........................... Other expenses (specify, - -__%- _-

TOT u.

 

Rent

 

 

Interest on business indebtedness-

 

 

 

 

 

LESS inventories at end of year

 

 

 

 

 

NET CosT OF Goons SOLD _

 

 

 

 

 

 

 

- TOTAL OTHER BUSINESS DEDUCTIONs

 

 

NET COST OF Goons SOLD PLUS TOTAL OTHER BUSINESS DEDUCTIONs

 

 

NET INCOME FROM Buernss (INCLUDING FARMING)

 

 

 

 

 

 

Explanations

 

'd'

C. PROFITS FROM SAME OF REAL ESTATE, STOCKS, BONDS, AND OTHER PROPERTY.

1. Kind of property. 531311935 3. Name and address of purchaser or broker. . Sale price. 5' Original CO“ or market 6' 005‘: or subsequent 7‘ Depreciation pre-

value March 1, 1913. improvements, if any. viously allowed.
fl /‘

 

 

 

 

 

 

. ' 3 ______
////CV7///4
// Z/ IW/

 

C/

 

 

 

 

 

 

 

 

 

TOTALS:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NET PROFIT FROM SALES (total of columns 4 and 7 minus total of columns 5 and 6)

 

Explanations:

 

 

D. INCOME FROM RENTS AND ROYALTIES.

 

l . A i 'y
1. Kind of property. 2. Name and address of tenant or lessee. I 3' Amount Of rent " Rem m' v wand

and rovalties tennundproperty ' . Interest. 6. Taxes.
M
u/

7. Other expenses.

W‘rme _‘:_;___:::: M ------ ’ firs-2%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTALS

 

 

 

 

 

 

 

 

 

2%

v

 

 

 

 

 

NET INCOME FROM RENTs AND ROYALTIES (total of column 3 minus total of columns 4, 5, G, and 7) _ $ 5'34 3‘ 1/
Explanations:

E. INTEREST ON BONDS AND OTHER OBLIGATIONS OF THE UNETED STATES TISSUE?) SENCE SIGH’TEMBER 1, 1917.
1. If not received directly state name and address of partnership or fiduciary 2. Amount of bonds or l 9
through whom received.

 

.. . . 4- Indebtedness incurred 5- Interest paid on pro~ - ' -
certificqtps Equ' {n:CFCSt‘:C: ’ ; for purch o of bonds portionate part ofsuch 6' EhgedSS-?f1ntere5t ! '7' Exce.” 0f linterem
‘ ‘ ' ’ ;““‘°“““ ‘3 'Wr‘r" ‘ “ or certificates. indebtedness. par ’1 any' recexved’ fany‘

 

 

s ..... ‘$-----|

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Include total of column 7 (if any) in total netincome on page 4. ] ‘
TOTALS Enter total of column 6 (if any) under J. “ Other deductions.” on page 4. ________________ - ---------

 

 

 

 

 

 

F. DIVIDENDS ON STOCK OF CORPORATIONS ORGANIZED OR OPERATENG— EN THE UNETED STATES AND SUBJECT TO INCOME TAX.

1. If not received directly state name of partnership or fiduciary through Whom received.

 

2. Accumulated in 1013. :3. Accumulated in 1014. 4. Accumulatedin 1915 "

o Accumulated in 1916.
HM-WP - -- .4- 172): ‘ “f4”! _______ ,.
EMA/1, 40‘ XMX {3!}: 5,. -.
Far/m; 3/ rw/pa / :1 “321' t i .313,” 1%: ,i\ [lava] 7g rg/fl'i '47?

TOTALS (include total of column 6 only in total net income on page 4) _________ i _________________

S ......... i .......... o .................. _ ....... ‘5 ......... - $ .........
EXPLANATION OF REPAIRS, WEAR AND TEAR (DEPRECEATION), AND LOSSES OF EUSENESS 0R RENTAL PROPERTY, AND DEPLETION OF EIINES, ETC.
‘1??ng 2_ Kind of property. 3. Year 4_ Cost of buildincs or 5. Repairs not covered Wear and tear (depreciation) and depletion charged off.
0%, “D,” (If buildings, state also material of which constructed.) acquired. other pro