Durham Farms #1 - Page 89

                                       - 89 -                                         
                  Self-employment income             $1,056,720                       
        12-31-91   Total Adjustments to Ordinary Income                               
                  Farm income                        11,686                           
                  Depreciation expense          555,199                               
                  Board expense                      1,983,470                        
                  Cattle losses–-drought/disease    237,325                           
                  Other Adjustments                                                   
                  Self employment income             2,750,837                        
                  Other deductions                   14,578                           

        TBS 90-1                                                                      
        TYE         Adjustments                                                       
        12-31-92   Total Adjustments to Ordinary Income                               
             Depreciation expense               2,174,204                             
        Interest expense                        137,750                               
                  Accounting fees               3,086                                 
                  Other Adjustments                                                   
                  Self-employment income             2,315,040                        

        Management                                                                    
        TYE         Adjustments                                                       
        9-30-87   Total Adjustments to Ordinary Income                                
                  Gross receipts or sales            56,813                           
                  Sales–-livestock raised         2,803,274                           
                  Management fees               74,388,096                            
                  Sales to Ranches                   36,201,929                       
                  Reclassified section 1231 gain  1,159,679                           
                  Other sales                        2,175,457                        
                  Other income                            644                         
                  Depreciation expense          1,006,785                             
                  Interest expense                   3,618                            
                  Other farm deductions              4,608,140                        
                                                                                     
                  Other Adjustments                                                   
                  Self-employment income        6,018,585                             
                  Fuel credit                        10,732                           
                  Research credit               185,640                               

Page:  Previous  78  79  80  81  82  83  84  85  86  87  88  89  90  91  92  93  94  95  96  97  Next