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Form 1040 - Individual Income Tax Return
1994 1995
Wages $79,880 $82,153
Taxable interest 793 521
Dividend income 1,082 1,046
Taxable refunds -0- 1,714
Capital gain/loss (1,095) 2,085
Schedule E (set forth below) (22,321) (13,032)
Total income 58,339 74,487
Less: Itemized deductions 19,493 19,260
Exemptions 4,900 5,000
Taxable income 33,946 50,227
Schedule E - Supplemental Income and Loss
1994 1995
Rents received $20,400 $20,400
Expenses:
Insurance $1,078 $955
Mortgage interest 7,233 8,169
Taxes 1,945 1,989
Utilities 689 1,063
Depreciation 1,863 1,863
Total 12,808 14,039
Income 7,592 6,361
Less: Loss from S corp.
(Schedule K-1) 29,913 19,393
Net Loss (22,321) (13,032)
OMNIX reported the following items of income and expense:
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Last modified: May 25, 2011