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1989 Original 1991 1992 1993
Joint 1990 Joint Joint Joint Joint
Return Return Return Return Return
Wages, $260,128 $267,160 $153,375 $105,990 $94,594
salaries, tips,
etc.
Taxable 151,395 71,777 17,679 3,830 1,184
interest income
Dividend income552 435 645 -- -–
Business income(187,336) (177,287) (165,526) (27,912)(24,275)
or (loss) from
Schedule C
Capital gain 7 -- -- -- --
distributions
Taxable IRA -- -- -- 23,968 21,090
distributions
Taxable 2,000 1,189 0 -- 20,898
pensions and
annuities
Rents, (334,910) 193,578 40,882 (58,533) (156,563)
royalties,
partnerships,
estates,
trusts, etc.,
from Schedule E
Other income 255 253 -- -- 42,100
Total income -- 357,105 47,055 44,343 (972)
Total tax -- 36,370 0 1,650 350
Total payments 3,134 1,657 0 445 76
of tax
Amount of tax -- 134,713 0 21,255 3274
due
1When petitioner and Mr. Monsour filed their original 1990 joint return,
they did not pay the amount of tax shown due in that return.
2When petitioner and Mr. Monsour filed their 1992 joint return, they paid
the $1,255 of tax shown due in that return.
3When petitioner and Mr. Monsour filed their 1993 joint return, they paid
the $274 of tax shown due in that return.
Schedule C, Profit or Loss From Business (Schedule C),
included as part of each of the joint returns for the taxable
years at issue showed the following net profit or (loss) with
respect to the following businesses:
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