- 12 - ($2,500 each, which they each reported as subject to self- employment taxes of $353). They also reported nontaxable Social Security benefits of $29,534. On its return, the OMK Company Trust reported total income of $129,311, which included $29,481 of interest from Fountainhead, $2,089 of dividends, $91,732 of other income, and $6,008 of capital gain. The other income was described as $106,788 from P.I. Ministries less $15,056 “return of capital Fountainhead Global”. The capital gain reported on the return included $1,930 of capital gain from the sale of shares of three Scudder funds--Scudder Latin American Fund (Latin), Scudder Greater Europe Growth Fund (Growth), and Scudder Investment Trust (Investment)--and $4,078 from other investments, reported as follows: Sale Gain Fund Price Basis (Loss) Scudder funds Latin $47,755 $45,301 $2,454 Growth 32,719 33,243 (524) Investment 64,239 64,239 -0- Other funds L.A. small cap 27,387 28,194 (807) L.A. small cap 28,597 30,012 (1,415) J. Hancock 16,052 16,142 (90) Pilgrim 15,333 16,137 (804) L.A. class A 32,186 24,992 7,194 Total $264,268 $258,260 $6,008 The OMK Company Trust claimed total deductions of $129,899, including $3,729 for fiduciary fees, $56,871 for charitablePage: Previous 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Next
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