- 6 - reported that Mr. Johnson received $635 of “Wages, salaries, tips, etc.” from “HECTOR PUBLIC SCHOOLS” and $330 of “Wages, salaries, tips, etc.” from “BUFFALO LAKE-HECTOR SCHOOLS”. In that return, petitioners did not report any wages or other compensation for services from G.E. Johnson, Inc. In Schedule E, Supplemental Income and Loss (Schedule E), included as part of petitioners’ 1993 return, petitioners reported $66,715 in rent received from the rental of petitioners’ farmland and personal property (1993 claimed rent), $34,265 in expenses, and $32,450 in total rental real estate income. In petitioners’ 1994 return, petitioners reported that Mr. Johnson received $420 of “Wages, salaries, tips, etc.” from “IND. SCHOOL DISTRICT #2159". In that return, petitioners reported that Ms. Johnson did not receive any wages or other compensation for services from G.E. Johnson, Inc., and that Mr. Johnson received $1,000 of wages from G.E. Johnson, Inc. In Schedule E included as part of petitioners’ 1994 return, petitioners re- ported $60,000 in rent received from the rental of petitioners’ farmland and personal property (1994 claimed rent), $31,240 in expenses, and $28,760 in total rental real estate income. In petitioners’ 1995 return, petitioners reported that they received no wages or compensation from any source. In Schedule E included as part of petitioners’ 1995 return, petitioners re- ported $104,878 in rent received from the rental of petitioners’Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011