Nw 3.5923 4 Enter here and on line 1(b), Part tll, below, the ‘amount on tine 2 (or line 3, if you use the optional method) 1 Net earnings (or loss) from self-employment— ° on Aw SCHEDULE SE | Computation of Social Security Self-Employment Tax (Form. 1040). & Each self-employed person must file a separate Schedule SE Department of the Ti : Internal Revenue Sorvice > & Attach to Form 1040. b> If you had wages, Including ‘tips, of $7, 800 or more that were subject to social security taxes, do not fill in this page. &> If you had more than one business, combine profits (or losses) from all of your businesses and farms on this Schedule SE. Important.—The "self-employment income reported | below will be credited to your Social ‘security tecord and. used in figuring social “security benefits. Name of self-employed person (as shown on social security card) Social “security number Check applicable block Samuel Ruby a WP] | Male 2 2 Female Business activities subject to self-employment tax (grocery store, restaurant, farm, etc.) > _ *| Computation of Net Earnings from BUSINESS Self-Employment (other than farming) — - 8,284 | {22 1- Net profit (or loss) shown in Schedule C (Form 1040), line 26. (Enter combined amount if more than one business.) . 2 ‘Net income (or loss) from excluded services or sources: included on line 1 : Specify. excluded services or SOULCOS....scicceccocccccceccsceneesecececesecseeeestececervevecesseess sesseeesseressseeseseee oeleeuceeceeeeececeeeeeseees 3 Net‘ ‘earnings (or lost) from business self- employment (Subtract line 2 from line 1, and enter here and on line 1(a), Part iil, below.) : eee ee . - : Part Aen Computation of Net Earnings from FARM Self- Employment A farmer may elect to compute net far.n earnings using the OPTIONAL METHOD (line 3, below) INSTEAD OF THE REGULAR METHOD (line 2, below) if his gross profits are: (1) $2,400 or less, or (2) more than $2,400 and net profits are less than $1,600. If your gross: profits from farming are not more than $2, 400 and you elect to use the optional method, you need not complete lines 1 and 2. 1 Net f farm profit (or loss) from: ” Computation under Regular Method - | | (a) Schedule F, line 52 (cash method), or line 69 (accrual method) ; woe ee ek ke i paeeeeeeeeeeee | jaennnne. (b) Farm Partnerships +. errs i be | { 2 Net earnings from self-employment from farming. Add lines 1{a) and (by) 2 1 e| e ‘Computation under Optional Method 3 If gross profits from farming are: me . : . (a) Not more than $2,400, enter two- thirds of the gross profits . . . . a s : (b) More than $2,400 and the net farm profit is less than $1,600, enter $1,600 ° Note. —Gross profits trom farming are the ‘total of the gross profits from Schedule F, line 28 (cash method), or line 67 (accrual method), plus the distributive share of gross profit from farm Partnerships as explained. in instruc- " tions for Schedule SE. ‘ Computation of Social Security Self- Employment Tax ‘ . oO ’ es (a) From business (other than farming—-from line 3, Part |, above) . _. {b) From farming (from line 4, Part I], above) ry aa (0 From: partnerships, joint ventures, etc. (other than farming) . . . . . nn ws : woe ee Pe ae , : (d) From: service as a minister, member of a religious order, or a Christian. Science practitioner. if you filed Form : 4361, check here [1] and enter zero on this line “ a el eel ; - mC) From service with a foreign government or international organization cone ee . ee ee coeeeee . -(f) Other (director’s fees, etc.). Specify ...: deceeeeneceneuceeteneee: beceee a bee ce eee eee pete coe eueeeeveecocnenedecceeemeeces en 2 Total net earnings (or loss) from self- ‘employment reportedonline1 . . . - ‘ Se - 8 r 284 97 (if line 2 is tess than $400, you are not subject to self-employment tax. Do not fill in rest of 4 page.) 3 The largest amount. ‘of combined wages and self- employment earnings subject to social security taxis 2 6 we ee ee $7,800 | 00. 4 .(a) Total “FICA’ wages as indicated on Form W-2.. . . | wee ee cee ne sence eee | ween ‘ . -*(b) Unreported tips, if any, subject to FICA tax: from Form 4137, i | , | , line9: 2... eo ka ae a (c) Total of lines 4(a)-and 4(b): ee eee eee 2 J i Balance “(gubtract line 4(c) from line 3) 2 0.2 6 we ee ee ee Self-employment income—tine 2 or 5, whichever is smaller. Ly oe 5 ee 2 800 00 _ If line 6 is.$7,800, enter $538.20; if less, multiply the amount on lirie 6 by.069 . 2... 5 4g. 20 _ Railroad employee’s and railroad employee representative's adjustment for hospital insurance benefits tax from Form 4469 . ce ee - ee : 9 Self-employment tax (subtract line 8 from tine 7). ‘Enter here and o on Form 1040, line 56 H 538 20 16—81171-1 apo yhoo ~ ge Dold: 32245535 Page i139
Samuel and Phyllis Ruby SUPPLEMENT TO SCHEDULE C Income: ; . : $32,657.34 Less: Sales Tax 153-39: - $32,503.95 Beginning inventory . Oe Purchases. - Beverages/milk ; #$ 1,988.55 Groceries 8,761.69 Meat / a 1,893.83 Bakery/bread Se 2,412.82 Lesss Ending inventory - ___800.00 14,256.28 Adjusted Gross Profit. $18,247.0 -.  Expensess. : Rent ee $ 1,172.16 Payroll. | 2,046.30 Payroll taxes ~ oe 202.92 Travel to employees . - 215-00 Miscellaneous expense . . 219.40 Interest. oo - 419.10 .., Accounting. — a 225.00 “Telephone .. . . 78045 Repairs... a Co »121.40 Insurance 150.00. * Linen OO 21.00 _. Auto - 3, 000 Me _ 360.00 | . Office .-. ~ - 360.00. ~ .Cleaning/maintenance .. SO 50.00 ~— oe Depreciation . ; a 3,321-36 ( _8,962.09) Net Profit. . yo . $ 9,284.97 . DEPRECIATION Equipment . 4/70 $10, 000. 00 5 Yre $2,000.00 Covenant Not To - Compete. oo ~5,000.00 - : 5 Yre 1,000.00 “Leasehold Imp. . 3,000.00 ? Yre  - 428.50 (7 Yr» Balance Lease) ae _ . Z April-December, 1970 . | $4 428750 NW 55923 Docld: 32245535 Page 140.
NW 33923 it Summary of Schedule D Gains and Losses _ SCHEDULE D (Form 1040) | Department of the Treasury Internal Revenuo Service Sales or Exchanges of Property & Attach to Form 1040. Name(s) as shown on Form 1040 a and Phyllis Ruby Li Capital Assets—Short ‘term capital gains and losses—assets heid not more ethan, 6 months Social Security Number | JFK Act 6 . | c. How h. Cost or other a. Kind of prop. | b. Descri tion ac: ag: basis, cost ‘of Se j : quired. g. Depreciation A . ‘ ony ity raat ees 100 sh. of | - Enter heme e. Date sold f. Gross sales allowed (or Subsequent ot i. Gain press) estate, or other Z'' Co., 2 story brick, letter (mo., day, yr.) (mo., day, yr.) price allowable) since purchased, attach  giless h) . (specify) "ete.) symbol : acquisition. : |  ‘gxplanation) and . . : instr.) . expense of sale 2 . Enter your share’ of. net ‘short: term gain ‘(or loss) from partnerships and fiduciaries | 3 Enter net gain (or loss) fromlinesland2 ... . ; : . ‘ gg [ptcsapresenenererenene : Enter unused short-term capital loss carryover from preceding taxable years (attach statement) Net short-term gain (or loss) from lines 3 and 4 : . ee ae Tong: -term capital ‘gains and losses——assets_ held more than 6 mo oniths oe i ee en Cee ei ee ae _ Capital gain distributions. . . . : rs rrr seeeeceeeneee: 7 - 8. Enter gain from. Part VII, line 47 or line 51(a), whichever applicable foe rs Penenen an ernrnnrnnres 9 Enter your. share of net long-term gain (or loss) from partnerships and fiduciaries © © - 6 6 8 tt freeregeeenecnerneccee ; 10 Enter.your share of net.long-term gain from small-business corporations (Subchapter Ss) , : ; “1 Net gain (or loss) from lines 6 through-:10 .... . . ; toe ee esate we annnee cancers 12 Enter unused fong-term capital loss carryover from preceding taxable years 5 (attach statement) se ee 0 13_=Net long: -term gain (or loss) fromlineslland12,.. «0. ee ee tt UI5s2 74-0 27420 ) 14 Combine the amounts shown on lines 6 and 13, and enter the net gain (or loss) Mere ee fee ee eee ee 15 if line 14 shows a gain— ee a (a) Enter 50% of line 13 or 50% of line 14, whichever i is smaller (see Part IV for computation of alternative _ tax). Enter zero,if there is a loss or no entry on line 13 : (b) Subtract line 16(a) from line 14, Enter here and on line 17, Part i 16 If line 14 shows a loss— ; (a). Add lines 4 and. 12 (if lines 4 and 12 are blank, enter a zero here and on lines 16(b): ‘and 16(c) and go ‘to line 16(d)), fos . re (b) .Cornbine lines-3 and l1—it § gain, enter gain; if loss, enter zero. (c) Enter smallest of (i) line 16(a) less line 16(b); (ii) line 48, Form 1040 "(line 18, Form 1040 if tax table used) disregarding capital gains and/or losses——determine this figure via a side computation; or (iii) $1,000 ‘(d) Combine lines 3 and 11—if loss, enter loss; it F gain, enter zero ; here and on line 16(e), and go to line 16(f) ; . (e) Enter smallest of (i) lina. 48, Form 1040 (line 18, Form 1040 if tax table used) disregarding capital fins and/or losses, less line 16(c)—determine this figure via a side computation; (ii) $1,000 ($500 f married and filing separately); (Iii) if line 3 is zero or shows a gain, 50% of line 16(d); (iv) if line ‘11 is zero or shows a gain, amount on line 16(d); or, ™ if lines 3 and 11 show losses, line 3 added to 50% of line 11. t keno _ (f) Enter here. ane on line 17, Part r the sum of lines 5 16(0) ang AGG 600, ( 1 000 00) . § . oe $1,0 17 oe (or loss) from line 15(b) or 16(f), Part)... eet 18. Net gain (or loss) from fine 22, Part HI 19 Tota! net gain (or loss), combine lines 17 and 18. ‘Enter here and on ine 36, Form 1040 070~—1h-— mm - 1 470-046 DocTd:32245535 Page i141
(00°22 °STS$) (00°Z90°T (00°€9Z (00°68 - (00°76 ‘Z 00°062 © (00° EE (00 °Z0€ (00°68Z - (00 *687 00°SE 00°8€ 00°S 00°SZ (00° T9E (00° 784 (00°SES (00°ZOL (00° TE8 (00°T6Z (00°62%‘T (00°42 (00°S99 (00°€6T (00°99¢ (00°60T‘T (00° 28¢€‘T 00°8s ured $ Net Net Ne Ned Nee ee Ne Ne ee ee ee ee ee” ) ) ) ) SSOT LIN 00°S94%°Z 00°61z2°T 00°SOT*T 00°667°€ 00° TTOSE 00°48S ‘Zz 00°S64°T 00°692‘°Z 00°697‘Z 00°T70Z 00°T#0'Z 00° 206°T 00°099‘T 00°08 00°0%8 00°96 00°76T ST 00°T99°T 00°849°T - 00°€94‘z 00°6TZ‘T 00°624‘°T 00°6ZS 00°SOT‘T - 00°"7Z°T 00*vES Sy 00°T89‘TS$ ao} aseyoing 00°€04%°T 00°9S4 00°LTS 00° LOTT 00° TOE SE 00°0S7‘Z 00°E6T‘T 00°086‘T | 00°086‘T 00°820'2 00°840°Z 00°Z7IS ST 00°S89‘T 00°0O8+4 00°8SE -00°2EY 00°Z64 00°0€8 00°2S8 00°86 00°Z64 00°*TS 00°9€E 00°T#S 00°S19 00°L9T*€ 00°sez*ts a2Filg VTes - @ AINGIHOS OL INAWA1ddNS *dUl AOTOOFuYyoa] *dtnbg azagndmog seyaysnpuy Aueqog Sesfidiajquyg yATeey 1T,3eN *\SsaAulT °34W Te1sUay *diog B8uzpung AIznNby *diop wees *dio) xeTay *dio) xeTa *puy uoxes *puy woxes “PIT £°0D THO elauEsy. *dioj [e321 *3290 3yumNs °S1Q YpuUUNS ‘Quy ewWeTaUT). Tlessny swepy ' *auy itagndwoy *AU].- Zagndwog quowdgnby aeynduwog Juaudtnby rzayndwo *puy uojsel ase) Suyssac0ig w013e3eG *puy Auejog *IUq YIpTeaH [,IeN *Suq pue yoIeasay [oo] (Our eoFlawy suzy uoy3dzassag OoT Oot OOT 00¢ syyun € Oot OOT OOT oot OOT OOT OOT OOT OoT OOT OO0T OOT OOT oot OOT OOT 00¢c OOT OOT Oot 002 002 ‘seaeys Aqny st{{4ud pue Tenues 32245535 Page i142 HW 35923 Docid
CALIFORNIA INDIVIDUAL INCOME TAX RETURN 1970 and Ended For Calendar Year 1970 or Fiscal Year Begun FIRST NAME(S) AND INITIAL(S) - SAMUEL AND PHYLLI RESENT HOME ADDRESS (Number and street, or rural route) oy 16250 Bircher Print CITY, TOWN OR POST OFFICE Granada Hills. - NAME AND ADDRESS OF EMPLOYER AT TIME OF FILING Self-Employed NAME AND ADDRESS ON 1969 CALIFORNIA RETURN. any STATE : ‘| ZIP CODE — California 91344 IF SAME AS ABOVE, WRITE “SAME”. IF NONE FILED, 11346 Montgomery Granada Hills, Calif. 2. |X | Married, filing joint return 4..[ | Unmarried TAXABLE JFK Act 6 COUNTY pou os Angeles 3. | | Married, filing separate return—spouse’s name: ........... .- “head of household’’—Complete Part |, page 5. Wages, salaries, tips, ete. (before payroll deductions) if more than two employers, attach schedule "If Joint return, both husband Where emntoyed (city and state) 6. Dividends. Enter total here (also list. in Schedule B (540), Part |, if total is over $100) 7, Interest. Enter total here (also list in Schedule B (540), Part II, if total is over $100) tee ed = 8. Other. income (from page 2, line 30) 9. Total (add lines 5, 6, 7 and 8) - 10, Adjustments to Income (from page 2, line 35) ATTACH REMITTANCE HERE 11. Adjusted gross income (subtract line 10 from tine 9) . ie if you do not itemize deductions AND line 11 is under $10,000, find your tax in Tax Table in instructions. Enter tax on line 12. © If. you itemize deductions OR line 11 is $10,000 or more, go to Part IV on page 2 to figure tax. 12. Tax from (check one): Tax Table (, Tax Computation (page 2, Part IV) OQ, or Schedule G.(540) 13. Exemption credits (from page 2, line 43) 14, Tax Nability (subtract fine 13 ‘from fine 12) 15. Total other credits (from page 2, tine 49) . hot » f. . or less, enter ‘‘zero’’) 16. Net tax. liability (subtract line 15 from line 14—If $1.00 17: 1970 California estimated tax payment or credit’ from 1969 (if any). If none, enter “zero” . 18. Balance due—if any (subtract line 17 from tine 16) 19: Overpayment—if any (subtract IIne‘16 from line 17) 20. Portion of line 19 you wish to apply on 1971 estimated tax 21. Refund—if any (subtract line 20 from tine 19) © Make Remittance Payable to FRANCHISE TAX BOARD—Mall to. FRANCHISE TAX BOARD, SACRAMENTO, CALIFORNIA 95814.” LA5993, Docld: 32245535 . PAY IN FULL WITH RETURN Self-Employed Housewife Adjusted gross income on 1970 Federal Return $__. 8 pe 84. 97. If different from line 11, befow, exotain in Part VIE. page 2. OVERPAYMENT © '.. REFUND Under penalties of perjury, | declare that | have examined this return, Including accompanying schedules and statements, and to the best of my knowledge and - belief it is true, correct and.ecmplete. If prepared by a person other than taxpayer, his declaration is based on all information of which he has any knowledge. 16633 VENTURA BLVD. BNGINO, CALIF; . 92316
_ Form 540 1970 Page 2 “PART |—Head of Household—If claimed, answer the following questions (See Instructions) Check Oo Nevér marriéd {([] Final divorce/dissolution (J Separate maintenance [] Widow(er) - oneres. Date... nee eee Date... enn nee Date... Individual: who qualified you as head of household; 7 Namen eee nne nee enna cece ne cee ee ee so ented encmeeenenshanenenenennnmneenenncee Relationship... ------.-.. Age._.......... Grossi income $ weeeneeceseneeneceeoee Is this person married?........ -.... If yes, did he or she file a joint return with spouse? . . Did this person qualify as your dependent for the calendar year 1970? 2k “Did this person reside in your home for the entire ‘taxable year?......If not, explain circumstances “Total amount necessary to maintain household $_. vessomeess covapesssvessenaee How much did you contribute $20.00... cccceccccecceecccoeteneccoeesoeseeneessseeee PART. I—Other Income . 22. Business income (or ‘loss) (attach Schedule C (540)) . 23. Sale “or exchange of property (attach Schedule D (540)).. 24, Pensions and annuitiest, \ :. "ey 2 te Te. a Ce De oe Ss 25. Rents and royalties ..° {, [°. _ Attach Schedule E 26. Partnerships v (Form 540) 27. Estates or trusts Soe es 28, Farm income (or, loss) (attach Schedule F (5400) 29. Miscellaneous income state nature and source)..0..2.2.... ageecelesneesecenutteleesssneeuneaecoeseslnanunearseceninerectanee sot Lene etsenseses sauna linsneaseraventetarceestones 30. Total (add lines 22 through 29). Enter here and on page 1, ‘Tine 8 PART [Adjustments to Income 31. “Sick pay” if included on page ‘1, line 5 (attach statement), © 2 2. 2 ee ee Ole es 32. Moving expenses (attach statement) . 2 6. 1. kc ee be ee ee P82 LO  eeeeeeereceedeceeee 33. _ Employee business expense attach statement) . . 2... ; OO SO 34. Military exclusion (maximum $1,000—$500 if separate return of husband or + wife) L. 35. Total adjustments (add lines 31 through 34). Enter here and on page 1, line 10 PART {V¥—Tax Computation—If you do not use Tax Table or Income Averaging (Schedule G (540)) 36. Adjusted gross. income (from. page 1, line 11) . Le 37. If you itemize deductions, enter total from Schedule A (540), line 31 - If you do not itemize deductions, and line 36 is $10,000 or more, enter (a) $1, 000, if singfe, or married person filing separate return (b) $2,000, if head of household, or married couple filing joint return 38. Taxable income (subtract line-37 from line 36) . -39. Tax from Tax Rate Schedule in Instructions. Enter here and on page 1 line 12 PART V—Exemption' Credits woe 40. Single—$25. Married couple or head of household—$50. 2 ©. SOL O00: 41. Blind =) Yourself Your spouse—$8 for each box checked toe te a ee Pape 42, Dependents—Do not list yourself, your spouse, or person who qualifies you as head of household - : NAME (and address if different from yours)- . : : RELATIONSHIP Fred, Brians Elisa, Thomas © Oo - . Children 43. Total oxemplion crodits (add lines 40, 4] and 42). Enter hore and on page 1 tine 13. PART Vi—Credit for Net Income Tax Paid to Another State—Attach £opy of “other state” return—and Retirement Income Credit 44. Income derived from sources within State Of oo .-cseecccocseeccccseeeeseoon .. and also taxable by California 45. California adjusted gross income (from page 1, line 11) 48. California tax liability (from, page 1, fine 14). . . rar . . . 47. Credit limitation—line 44 + tine 45 200. % (100%° inaximum) x tine 46 (cannot exceed tax paid other state) 48. Retirement income credit (attach Schedule R 2 (540) , . Total (add lines 47 and 48). Enter here and on page 1, line 15 HP 559235 Docld: 22245535 Page 144 . cn : 45149-4009 7-70 13,000mM@) A oaP .
TAXABLE CALIFORNIA ITEMIZED DEDUCTIONS Attach to Form 540 SCHEDULE “ORM 540 Name as shown on Form 540 Samuel and Phyllis Rub Itemized vs. Standard Deduction—You have a choice between two deduction if one spouse itemizes deductions, the other may not use the Tax Table or claim methods. You can either itemize your deductions or take a standard deduction as the standard deduction. If you choose to itemize your deductions, complete the explained in the 540 Instructions. On separate returns of a husband and wife, appropriale items below. Medical and dental expenses (not compensated by insurance or otherwise) for medicine and drugs, doctors, dentists, nurses, hospital care, insurance ~~ premiums for medical care, ete. .. One haif (but not more than $150)'0 of insurance premiums for medical care 2. Medicine and drugs . 20 "3. Enter 1% of adjusted Bross ‘income “shown on Form 540 3 . 4; Subtract line 3 from line 2 (if less than zero, enter zero) . . 4 §. Other medical and dental expenses. Include balance of insurance premiums s for medical care not - _ deducted on line 1 {attach schedule) 5 6. Total—(Add lines 4 and 5) - 2 ux uu. > 6 7. Enter 3% of adjusted gross income shown on Form 540 7 8: Subtract line. 7-from fine 6 (if less than zero, enter zero) 9. Totai—{Add lines 1 and: 8) Child Adoption Expense 10.-Total expenses paid or incurred—Attach itemized fist ; 1. Enter 3% of adjusted gross income shown on Form 540 12. Subtract line 11 from line 10—See instructions for maximum limitations "13. Real estate . 14. State and local gasoline. . 15. General sales rn . . 16. Auto’ license—Excess of registration and weight fees seo instructions) 47. Personal property . : . ’ 18. State disability insurance (SD!) —-Employer private disability pas fo not st quality 19. Other (specify) . possess evcuceeeeeneactsesuetscsnnsenivns! csrasevonsese eeseovsechoneeses snneveereee vies susseeete cee cavagcnesececeqeanene ote cqeqaue snes © eeeuceneta es 20. Total taves—(Add lines 13 through 19) . Contributions ee ; 21. Cash-—Including checks, money orders, etc. (itemize) 22... cece ce ce cee ae eee ceeeeeeestecunnte et) sonoma nee tenement 22. Total’ ‘cash contributions ; 23. Other than cash (see instructions). Enter total here . 24. Total—Add lines 22 and 23—Maximum deduction may not exceed 20%. of adjusted gross income Interest Expense : : oe 25. Home mortgage . 2. 1. ws he. 26. installment purchases — 27. Other (itemize)... 28. Total—(Add lines 25, 26 and MN ee Ce he 28 1,552 18 Miscellaneous Deductions . 29. For child care, alimony, union dues, casualty losses, etc.—See instructions (itemize)... cecccccescseccseeecesesnseseseeeevsssneseesseeesenneees 30. Total miscellaneous deductions 2 . > {30 100] 00 31. Total deductions—(Add fines 9, 12, 20, 24, 28 and 30). Enter total here and on Form 540, page 2, in 1 space "pred 87h . 13 oy 74S iF Rev. 1970) Schedule B on reverse , ~ 970 55923 Doold: 2245535 Page 145
TAXABLE CALIFORNIA PROFIT (OR LOSS) FROM BUSINESS OR PROFESSION (Sole Proprietorships) SCHED LE FORM 540 Partnerships, joint ventures, ete., must file on Form 565 Attach this schedule to your Income tax return, Form 340 or S40NR Social Security Number Name as shown on Form 540 or 540NR Samuel and Phyllis Ruby . JEK Act 6 (3) A. Principal business activity...... POO i eeeeceeceneenneeeeennnnneseennan FS: | nc ; ‘ (For oxamplo: rotall~hardwaro; wholesale—tobacco; services—legal; manufacturing—furniture; etc.) B. Business name _Snack Bar. neanucneeeneee C. Federal employer identification number. 36515 578... D. Business canon, 518. Van, Nuys Bouleve ard Van Nuys, California 91401 00 {Number and stroot or rural route) L {City-—post office) (State) (ZIP code) E ‘Indicate method of accounting: cash; [(] accrual; [J other (describe)....-..--..------ wa eeeneeeecseneceninneeneeeccecnaseeectnctaaeattenee tama — fF. Was there any substanticl change in the manner of determining ‘quantities, costs or valuations between the opening and closing inventories? [] Yes No. If “yes,” attach explanation. G. Were Forms 591, 592, 596 “and 599, for the calendar year filed (if required)? [JYes K] No Gross receipts or gross sales $__..--..-.------2---2nenn Less: Returns and allowances $........--.-----------------eenn ‘Inventory at beginning of year (If different than last year’s closing inventory attach ‘ explanation) . A 3. Merchandise purchased $ coessnesenesnneaneee * ceeeeneneneenseecee sets | less | cost of ¢ any items $ with- drawn from business for personal use $..................-- caeeeeeeeeeceeeeeenees 4. Cost of labor (do not include salary paid to yourself) 5. Material and supplies - Loe ee 6. Other costs (explain in Schedule C. » 7. - — Total of lines 2 through 6. 8. Inventory at end of this year . . 9. Cost of goods sold and/or operations (subtract line 8 from line 7) . '10. Gross profit (subtract.line 9 from line 1). . oo ‘OTHER BUSINESS | DEDUCTIONS - 11. Depreciation (explain in Schedule C-2) . 12. Taxes on business and business property (explain in n Schedule C. 1) 13. Rent on business property - 14, Repairs (explain i in Schedule c 1). 1 2 15. Salaries and wages not included on ‘line 4 (exclude « any y paid to > yourself a Senne - 16. Insurance. . . pence eeceec tener eceneentetentnee 17. Legal and professional ‘fees UO a 18. Commissions . a : ; 1 19. Amortization (attach statement) toe a Sa 20. Retirement plans, etc. (other than your share) . tke ee eee ee veeelneneeeee eee 21. Interest on business indebtedness . 2 2. ee ee fees cecnecuenecete twee 22. Bad debts arising from sales or service; . 23. Losses of business property (attach statement) - 24, Depletion of mines, oil and gas wells, timber, ete. (attach schedule) . 25. Other business expenses (explain in Schedule C-1) 26. Total of lines 11 through 25... wt 27. Net profit (or loss) (subtract line 26 from line 10). Enter here ‘and on page 22, Part il Form 540. or 540NR $ g 9234 97. TS SCHEDULE C-1. EXPLANATION OF LINES 6, 12, 14, AND 25 ———_—_ a ” (Rev. 1970) ; Page 1 MW 55923 Docld: 32245535 Page 146
* SALES OR EXCHANGES OF PROPERTY — ra >. * Attach to Form 540 or S40NR Social Security Number. Name as: shown ont Form 540 or S40NR 4 ««. Samuel and Phytits Ruby JEK Act 6 Part I—CAPITAL ASSETS SHORT-TERM--ASSETS HELD NOT MORE THAN 6 MONTHS f Cost or other basis, ates shape oo “8 he . sags . os e. Depreciation allowed cost of subsequent i = fin of prosrty i cet. b; Date sere a Date sold | d. Gross sates price (or allowable) improvements (if not & Gain or loss, “ cn mo., day, yr. mo., day, yr. . since acquisition purchased, attac plus e tess’ details not shown below) ; (attach schedule) explanation) and . . expense of sale 72. "Enter your share of net short-term gain (or loss)-from partnerships and fiduciaries... rs re oo. «3. Enter unused short-term capital loss carryover from preceding taxable years (attach statement) _4. “Net short-term gain (or loss) from lines 1, 2 and 3 LONG-TERM--ASSETS HELD MORE THAN 6 MONTHS 5. “Enter gain (if any) from line 16, Part i. a ” 6. Enter your. share of net Yiong. term gain (or loss) from partnerships and fiduciaries . . rs i _ “7. Enter unused long-term capital loss carryover from preceding taxable years (attach statement): - 8. ‘Net long-term gain’ (or loss) from lines 5,6 and7 © 2 2 1 7 we (15,274. 00) a Céinbine the aitiounts shown on lines 4 and 8 and enter the net gain (or loss) here 10. ‘If line 9 shows a GAIN, enter 50% of line 8 or 50% of line %, whichever is smaller. (Enter 3 zero ‘i there | is a . loss .or no entry of fine 8). 2. Ce ee eee fo ; “41. Subtract line 10 from line 9, Enter here and on ‘line 17, Part il Lone 12. ‘If line 9 shows a LOSS, enter here and on line 17, Part Ill the smallest of the following: (a) the amount on line 9; (b) the amount of taxable income on Form 540 or 540NR, computed without capital gains and“losses;‘or (c) $1,000 . . . . . . . Carryover Loss (14,274.00). - - - ( 1,000.00) Part H-SALE OR EXCHANGE OF PROPERTY UNDER SECTIONS 18181-82 13. Enter gain (if any) from line 22, Part IV. we ee fle ee 7 14, Enter gain (if any) from line25, Part IV Co wi 15. Enter your share of gain (or loss) of Section 18181-82 items, from partnerships and fiduciaries 16. Net gain (or loss). If GAIN, enter on line 5, Part |; if LOSS, enter on line 29, Part V PART Il-TOTAL NET GAIN OR LOSS FROM SALES OR EXCHANGES OF PROPERTY 17. Net gain (or loss) from line 10 of 11, Partl » 6 6 ee oe '18.. Net gain (or loss) from line 31, Part IV a 19. Total net ain (or loss)—Combine lines 17 and 18. Enter here and: on . Form 540 or Form 540NR, poge 2, Part H, fine 2 tee . tee oo (Rev. 1970) (Schedule continued on reverse) : Page 1 NW 55923 Doold:32245535 Page 147