Gov. Rick Perry 2007 Taxes

8/14/2019 Gov. Rick Perry 2007 Taxes

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Label(Seeinstructionson page 12.)Use the IRSlabel.Otherwise,please printor type.Presidential

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For the year Jan 1-Dec 31,2007, or other tax year beginning . 2 0 0 ~ endinGL Your Ilrst name and initial Last name . Your social security nurnberA J AMESR . ---!--"'E=R=R Y'-----

If a /Olnt return, spouse's tlrst name and Imtlal Last name Spouse's social security numberL M. ANITA PERRYH r ome address (number and street). II you Ilave a F'.D. box, see page 12. Apt. no. You must enlerE 1010 COLORADO ... your SSr'J(s) above ....R - ------==-===--=-----------------------------'-------+-='---------=E City, town or post office, state, and ZIP cOde If you have a foreign address. see page 1:' Checking a box below will no l

AUSTIN TX 78701 change your lax ar reluncElection Campaign Check here if you, or your spouse if filing Jointly, want $3 to go to this tund (see page 12) D You D Spouse

1 D Single 4 0 Head ot household (with Qualifying person). It the QualifYingFiling Status [ 'T l2 KJ Married filing fOlntly (even if only one had Income) person is a child but not your dependent, entel this Cllild's3 D Married filing separately. Enter spouse's SSN above name here. .. __Check onlyone box. and full name here. 5 D Quallfylno wldow(el) With dependent child (see paoe 1415a ,..-;] Yourself. If someone can claim you as a dependent, do not check box 6a Flaxes checked 2l)..J on 6(1 and 60Exemptions b [X ] Spouse No af Children. l-' on6cwhoC Dependents: (C) Dependent's social (31 ,Dlependen1's lived wl lh yae 11security number tM l re a lonship 0(1) First name Las I name you. di d not live Withyou du e 10 divorceSYDNEY P E R R Y ~ U G l I . 1 ' J ~ _ B ~ _ _ ( ; e ~ e ~ ~ ~ ~ \ I ~ ~ )

I Dependents on BeIf more than lour ---------1t ---_1- not ertered abovedependents Isee page 15. Id Total number of exemotlons claimed I7 Wages, salaries, tips, etc. Attach Form(s) W-2 7Income 8a Taxable Interest. Attach Schedule B f reqUired 8aAttach Form(s) b Tax-exempt Interest. Do not Include on line 8a 257.W-2 here. Also attach Forms 9a Ordinary dividends. Attach Schedule B If reqUired 9aW-2G and b Qualified diVidends (see page 19) l . . i I J . ~ 12,493-"-j1099-R if tax 10 Taxable retunds, credits, or oftsefs of state and local Income taxes as withhe Id.11 Airmony received 12 "''''0"'' '"co,"' m''""). AIi"h S,h.",. ~ f you did not 13 Capital gain or (loss). Attacll Schedule 0 It r t t reqUired, check here Dlet aW-2,

see page 19. 14 Olher gains or (losses). Attach Form 4797 t. ==J5a IRA distributions i b Taxable amountEnclose, but do 16a Pensions and annuities 16_'!.L _ b Taxable amountnOlattach,anypayment. Also, 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule Eplease use 18 Farm Income or (loss). Attach Schedule FForm 1040-V. 19 Unemployment compensation20a SOCial security benetits I 20a I I b Taxable amount (see page 24)21 Other Income. List type anD amount (see page 24)---_.SEE STATEMENT 122 Add the amounts In tile tar rioht column for lines 7 tllrouoh21. This is vour total income 23 Educator expenses (see page 26) 23

Certain bUSiness expenses of reserVIsts, performing art;stS. and fee-baSIS governmentAdjusted 24 oNlclals. Attach Form 2106 or 2106-EZ 24Gross 25 Healfh savings account deduction. Attach Form 8889 25Income 26 MOVing expenses. Attach Form 3903 26

27 One-half of self-employment tax. Attach Schedule SE 27 4 670.28 Self-employed SEP, SIMPLE, and qualified plans 28 12 ,082 .29 Self-employed health insurance deducflon (see page 26) 2930 Penalty on early withdrawal ot savings 3031a Alimony paid b Recipient's SSN 31a32 IRA deduction (see page 27) 3233 Student loan interest deduction (see page 30) STMT 5 3334 Tuition and lees deduotion. Attaoll Form 891735 Domestic production activities deduction. Attacll Form 8903 UEE ___ -36 Add lines 23 tllrougtl 31a and 32 througll 35

110507 37 SulJlract line 36 from line 22. This is your adjusted gross income

e---1Q.c---1-!12c---lL14",.1lJ..

16b171819

20b2122

Add numbers /; l~ ~ ~ ~ : e s . . .111 ,494 .

2 , 2 7 l .~ 2 . L . Q ~

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. 71 ,359 .~ . _ - - - ---------_._ .._--

-._---------34 35 l .

65 000.1 109 562 .

I36 16 ,752 .37 I 1 ,092 ,810 .

l.HA For Disclosure, Priv


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Form 1040 (20071Tax andCredi tsStandard leduction tor - People wh ochecked anybo x on IlnEo 39 a I0'39Dorwho

child. aHachI Schedule ! ~

RefundDIrect depOSit )Se e page 59and f,1I In 74b,74c. and 74d.or Form 8888.Amount

JAMES R . & M . AN I TA P E RRY38 Amount from line 37 (adlusted gross income)39a Cileck {D You were born before January 2, 1 9 ~ 3 , D Blind. } Total boxes 4041

~ ~ n a D : ~ ~ ; ~ : : ~ t I 42

All othersSingle orMarried filingseparately,$5.350Marned filingJOintly orQualifyingwldow(er).S 10.700rlead ofhouseholo.$ : .850

~ - - -

OtherTaxes

434445464748495051525354555657585960616263

Payments 6465

if: D Spouse was born before January 2, 1 9 ~ 3 , D Blind. checked 39a Ib If your spouse Itemizes on a separate relurn or you were a dual-status allen, see page 31 and check here 39b

Itemized deductions (from Schedule A) or your standard deduction (see left margin)Subtract line ~ from line 38If line 38 IS $117,300 or less, multiply $ 3 . ~ 0 0 by the total number of exemptions claimed on line 6d.If line 38 IS over $117,300, see the worksheet on page 33Taxable income. Subtract line ~ 2 1 r o m line Lit line ~ 2 1 s more than Ilfle ~ 1 enter -0Tax. Check if any tax is from: aD Form(s) 881 bD Form ~ 9 7 2 cD Form(s) 8889Alternative minimum tax. Attach Form 6251Add lines ~ and ~ Credit for child and dependent care expenses. Attach Form 2 ~ 1Credit for the elderly or the disabled. Attach Schedule REducation credits. Attach Form 8863Residential energy credits. Attach Form 5695Foreign tax credit. Attach Form 1116 if required.Child tax credit (see page 39). Attach Form 8901 If requiredRetirement savings contributions credit. Attach Form 8880Credits from: a D Form 8396 b D Form 8859: c D Form 8 8 3 ~ Other credits:a D Form 3800 b D Form 8801 cD FormAdd lines ~ through 55. TI18se are your total creditsSubtract line 56 tram line ~ 6 If line 56 is more than line ~ 6 enter -0Self-employment tax. Attach Schedule SE . .

47 I4849505152535455

Unreported social security and Medicare tax from: a D Form ~ 1 3 7 b D Form 8919Additional tax on IRAs, other qualified retirement plans, etc. Attach Form 5329 If required 60Advance earned Income credit payments from Form(s) W-2, box 9Household employment taxes. Attach Schedule HAdd lines 57 through 62. This is your total taxFederal Income tax withheld from Forms W-2 and 10992007 estimated tax payments and amount applied from 2006 returnrIf;:Du have ' 'L. . 66a Earned income credit (EIC) ..aqualdy,ngJ b Nontaxable combat pay election ..

67 Excess social security and fler 1 RRTA tax Withheld (see page 59)STM'T 868 Additional child tax credit. Attach Form 881269 Amount paid with request for extension to tile (see page 59)70 Payments from: a DForm 2 ~ 3 9 bDForm ~ 1 3 6 c D Form 888571 Refundable credit for prior year minimum tax from Form 8801, line 2772 Add lines 6 ~ 66a, and 67 t h r . Q ~ . Q I l l l These are your total payments

7071

73 If line 72 is more 1Ilan line 63, subtract line 63 from line 72. ThiS is the amount you overpaid74a Amount of line 73 you want refunded to you. If Form 8888 IS attached, check hereRouting I I D D Account I b number C 1Yoe CDec'lng SaVings d number75 Amount of line 73 you want applied to your 2008 estimated tax I 75 I76 Amount you owe. Subtract line 72 from line 63. For details on how to pay, see Pi ge 60 I

You Owe 77 Estimated tax Denaltv (see oaae 611 . . 77

6465

1_4 , 2 39,900.. . ! ,

616263

(__61...I 68

69 140

8 0 0 0 .

72J3

D 74a

761 9 3 .

Page 238 1 0 9 2 , 8 1 0 .

D ',41!.. .. , . , ~ IE 40 5 8 6 4 .

41 lj 086" , 941>.I 42 3 399 .

43 1 0 8 3 , 5 4 7 .44 1 7 7 , 6 7 7 45 8 , 0 8 6 .

46 1 8 5 , 7 6 3 .

8 0 .

56 80 . 57 1 8 5 , 6 8 3 .

58 9 34tL 59

I

I1 9 5 , 0 2 3 .

ST AT EMENT

1 9 4 , 1 7 8 ~

1,038.

Third Party Do you want to allow another person to diSCUSS thiS return With 1Ile IRS (see page 61)? [X] Yes. Complete the follOWing. D NoDesignee Deslgnees..... PRE PARER nPoDone..... Pecsonal,dent,f,cat,on .....name ........- ........- number (PIN) JIl"""'"Sign Under penaltIes of perjury, I declare that I have examined thiS return and accompanYing schedules and statements, and to the best 01 my knowledge and belief, they are true, correct,

and complete. Declaration of preparer (other than taxpayer) IS based on all Information of which preparer has any knowledge.Here Your signature Date Your occupationJOint return?See page 13. OVERNOR

Spause's occupationfor yourrecordsKeep a copy Spouse's signature If

CONSULTANTPaid Preparer'sPreparer'ssignature _ _ _ _ ~ . Use Only F,n,,'s name (or MEADOR & J O N E S ~

yours If self-em ~ 2 4 1 4 EXPOSIT ION71000:, plo}t:'d). address,,:md ZIP code AUST IN , TX 78703

I DateLLLPBLVD , - SU I TE BC-230

Daytime phone number

Preparer's SSN or PTIN_ _ - - - - ' - - - _ ~ _ ~ ~ _ _ _ _ " ' P__ " _ 0 _ " _ O = 1 _ " _ 6 ~ 4 1 8 4__74 2984516

Phcne n0512 - 4 7 2 -- 0 7 9 5** INTEREST NOT INCLUDED 1 5 .

**** TOTAL DUE 1.053.

9

11-05-01


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Form 2210Department of the TreasuryInternal Revenue Service

Underpayment ofEstimated Tax by Individuals, Estates, and Trusts See separate instructions.

Attach to Form 1040, 1040A, 1040NR, 1040NR-EZ, or 1041.

OM8 No.1545-0140

2007Attachment . 06Sequence No

Name(s) shown on tax returnJAMES R. & M. ANITA PERRY

Identifying number

Do You Have To File Form 2210?[comPlete lines 1 through 7 below. Is line 7 less than $1 , 0 0 0 ~ _ Y _ e _ s _ - - - I ~ ~ Do not file Form 2210. You do not owe a penalty.- ~ N O "---------

Complete lines 8 and 9 below. Is line 6 equal to or more Yes II You do not owe a penalty. Do no t fi le Form 2210 (but if bo xthan line 9? r--------J.... E below applies, you must file page 1 of Form 2210).-------------

NoYou may owe a penalty. Does any box in Part II below apply? I Yes . . You must file Form 2210. Does box S, C, or D apply?

J No i YesNo - . [YOU must figure your penalty.y t,-------r -D-o-n-o-t-fi-Ie - F ~ ; ; ' ; : ; - 2 2 1 0 . You are not required 'to figure your ~ Y O U a ~ no t required to figure your penalty because the IRS willpenalty because the IRS will figure it and send you a bill fo r any I figure it and send you a bill fo r any unpaid amount. If you want tounpaid amount. If you want to figure it, you may use Part III or figure it, you may use Part III or Part IV as a worksheet and enterJPart IV as a worksheet and enter your penalty amount on your tax your penalty amount on your tax return. bu t f ile only page 1 of return, bu t do not file Form 2210. Form 2210.

i Part I [ Required Annual Payment1 Enter your 2007 tax after credits from Form 1040, line 57 (or comparable line 0; your return) 12 Other taxes, including self-employment tax (see page 2 of ttle Instructions) 23 Refundable credits. Enter the total of your earned income credit, additional child tax credit, credit for federal tax paid

on fuels. health coverage tax credit, and refundable credit for prior year minimum tax 34 210urrent year tax. Combine lines 1,2, and 3.lf less than $1,000, you do not owe a penalty,' do not file Form 2 45 Multiply line 4 by 90% (.90) . .... .. . .... . . . . . .. L.....-'5"------JI _ 175 ,52L6 Withholding taxes. 00 not Include estimated tax payments. (see page 2 of the instructions) 67 Subtract line 6 from line 4. If less than $1,000, you do not owe a penalty; do not file Form 2210 78 Maximum required annual payment based on prior year's lax (see page 2 of the Instructions) 89 Required annual payment. Enter the smaller of line 5 or line 8 9

Next: Is line 9 more than line 6?D No. You do not owe a penalty. 00 not file Form 2210 unless box Ebelow applies.[X ] Yes. You may owe a penalty, but do not file Form 2210 unless one or more boxes in Pari II below applies. If box S, C, or 0 applies, you must figure your penally and file Form 2210. If only box A or E (or both) applies, file only page 1 of Form 2210. You are not required to Ilgure your penalty; the IRSwill figure it and send you a bill for any unpaid amount. If you want to figure your penalty, you may use Part III or IV as aworksheet and enter your penalty on your tax return, but file only page 1 of Form 2210.

I--=P=-a-rt"""'-;I-:-II Reasons fo r Filing. Check applicable boxes. If none apply, do no t fi le Form 2210.

185,683.9 340.)-

I 195,023.1

14 278.180 745.53 183.53 183.

A D You request a waiver (see page 1 of the IIlstructions) of your entire penalty. You must check this box and file page 1 of Form 2210,but you are not required to figure your penalty.S D You request a waiver (see page 1of the Instructions) of part of your penalty. You must figure your penatty and waiver amount and

file Form 2210.C D Your income varied during the year and your penatty is reduced or eliminated when figured using the annualized income installment

method. You must figure Ihe penalty using Sclledule AI and file Form 2210.o D Your penalty is lower when figured by treating the federal income tax withheld from your income as paid on tile dates It was actuallywithheld. instead of In equal amounfs on the payment due dates. You must figure your penalty and file Form 2210.

E D You liled or are filing a joint return for either 2006 or 2007, but not for bottl yeal S, and line 8 above is smaller than line 5 above. Youmust file page 1 of Form 2210.IJul you are not lequired fo figure your penalty (unless box S, C, or 0 applies).

LHA For Paperwork Reduction Act Notice, see page 6 of separate instructions. Form 2210 ( ~ 0 0 7 )71250112-1407

786859 630 2007.07080 4.1PERRY. JAMES R. 630 1


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19 13 470. 'r021 322

23 13 470. 324

31

Form 221O(200i, JAMES R. & M. ANITA PERRYPart IV ! Regular Method (See page 2 of the instructions if you are filing Form 1040NR or 1040NREZ.)

Section A - Figure Your Underpayment18

19

20

212223

2425

Required installments. If box CIn I-'art II applies, enterthe amounts from Schedule AI, line 25. Otherwise, enler25% (.25) of line 9, Form 2210,111 each columnEstimated tax paid and tax withheld. For column (a) only,also enter the amount from line 19 on llile 23. If line19 is equal to or more than line 18 for all paymentperiods, stop 11ere; you do not owe a penalty. Do notfile Form 2210 unless you checked a boxin Part IIComplete lines 20 through 26 of one column beforegoing to line 20 of the nex! column.Enter the amount, If any, from line 26 in the previouscolumnAdd lines 19 and 20Add the alnounts on lines 24 and 25 In previous columnSubtraclline 22 flOlTlline 21. If zero or less, enter -D-.For column (a) only, enter the amount trom line 19If line 23 is zeTO, subtract line 21 from line 22.Otherwise, enter -0Underpayment If line 18 IS equal to or more than line23, sublra:1 line 23 from line 18. Then go 10 Ime 20 ofthe next column. OtherWise, go to line 26.

26 Overpayment. If line 23 is more than line 18. subtract llile18 (rom line 23. Tilen go to line 20 of the next columnSection B

I 27'00. ll .


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UNDERPAYMENT OF ESTIMATED TAX WORKSHEET

JAMES R. & M. ANITA PERRY(B)A)

AmountDale

13,296.4/15/07~ 1 5 / 0 7

04/15/07 13,296.

0 6 / 1 5 ~ 7

: ; ~ : ~ : i 13 296. I>9 /15 /0L I


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_____________________________________

SCHEDULES A& B(Form 1040)Department of the Treasur)'Internal Revenue ServiceName{s) shown on Form 1040

Schedule A - Itemized Deductions(Schedule B is on page 2)

Attach to Form 1040. See Instructions for Schedules A&B (Form 1040).

JAMES R.MedicalandDental

& M. ANITA PERRYCaution. Do not include expenses reimbursed or paid by others.

1 Medical and dental expenses (see page A 1) ..2 Enter amount from Form 1040, line 38 L --1

OM S No. 1545-00742007Your social security number

Expenses 3 Multiply line 2 by 7.5% (.075) -13"-'---------r-14 Subtra ct line 3 from line 1 If line 3 is more than line 1 e nte r -0 I 4Taxes You 5 State and local (check only one box):Paid a D Income taxes, or SEE .STATENENT....15 5 2 - , 7 ~ (See b [X ] General sales taxes }page A2_) 6 Real estate taxes (see page A5)

7 Personal property taxes.8 Other taxes. List type and amount

~ H Q I S . ~ E _ S _ H i ) ~ _ ! ? ~ ~ _ ~ ~ A J f i ) _ ~ Q W ' r X _________ 1,-7_9_7_.9 Add lines 5 throuah 8 . 055.

Interest 10 Home mortgage interest and points reported to you on Form 1098 .S.TNT :1.311 Home mortgage interest not reported to you on Form 1098. If paid to the personYou Paid from whom you bought the home, see page A6 and show that person's name,(See identifying no , and addresspage A5.) Note.Personal 12 Points not reported to you on Form 1098.interest isnot 13 Qualified mortgage insurance premiums (See page A7)deductible. 14 Investment interest. Attach Form 4952 if required. (See page A-7.)

15 Add lines 10 throuah 14 054.Gifts to 16 Gifts by cash or check. .SEE .. STbTENENT 12Charity 17 Other than by cash or check. If any gift of $250 or more, see page A8 .If you made a You must attach Form 8283 if over $500gift and got a 18 Carryover from prior yearbenefit for it,see page A-B. 19 Add lines 16 throuqh 18 458.

1 4 8 7 . 7

6

8 1 797.19 6

10 2 054.

1112

J ~ 14

! 15 216 413.17 4 045.181

119 4Casualty andTheft Losses 20 Casualtv or theft loss(es). Attach Form 4684. (See Daae A91. 20Job Expenses 21 Unreimbursed employee expenses - job travel, union dues. job education, etc.and Certain Attach Form 2106 or 21 06-EZ if required. (See page A9.)Miscellaneous ~ W I Q l t MP_ > B Q : E ~ S _ S _ I 9 N b ~ _ 1 2 Q ~ S 6_2_.Deductions 21 62.

22 Tax preparation fees 22 450.23 Other expenses investment, safe deposit box, etc. List type and amount

(See ~ _ ~ ~ ~ ~ Y f t ~ E M ~ ~ T _ ~ ~ _page A9) 8 911.

24 Add lines 21 through 23 . f-"2c.'4+-__ .--.9-L..4.......,.2...,3__."..j25 Enter amount from Form 1040, line 38 . '12511, 0 92 ' 810 . 26 Mult iply line 25 by 2% (.02) ' - ' 2 ~ 6 ' " - _ - ' 2 " - = 1 - - ' - - ' 8 " - ' = ' 5 r 6 __ . 27 Subtract line 26 from line 24. If line 26 is more than line 24, enter -0 27 o.

Other 28 Other - from list on page A 10. List type and amountMiscellaneous Deductions

28Total 29 Is Form 1040, line 38, over $156,400 (over $78,200 if married filing separately)?Itemized l-==:J No. Your deduction is not limited. Add the amounts in the far right column }Deductions for lines 4 through 28. Also, enter this amount on Form 1040, line 40. STHT 5,864.91 . 4 ~ [X ] Yes. Your deduction may be limited. See pagG 1\-10 for the amount to ellter. . .

30 If you elecl to itemize deductions even though they are less tllan your standard deduction, clleck hereLHA 719501 11-08-07 For Paperwork Reduction Ac t Notice, see Form 1040 instructions. Schedule A (Form 1040) 2007

5630 2 0 0 7 . 0 7 0 8 0 PERRY, JAMES R. 63 0 1


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Schedules A&B (Form 1040) 2007 OM S No 1545-0074 Page 2Name{s) shown on Form 1040 Do not enle' name and social security numDer 11 shown on page Your social securIty number

JAMES R. & M. ANITA PERRYSchedule B - Interest and Ordinary Dividends AttachmentS e , 9 I I ~ n , r e No 08,

Part IInterest

Note. If youreceived a Form1099-INT,Form 1099-01 D,or substitutestatement froma brokerage firm,list the firm'sname as thepayer and enterthe total interestshown on thatform.

1 List name of payer, If any interest is from a seller-financed mortgage and the buyer used theproperty as a personal residence, see page B1 and list this interest first. Also, show thatbuyer's social security number and address

PLAINSCAPITAL BANKFROM K-1 - REVOCABLE "BLIND" TRUST STATEAGREEMENT FBO RICK PERRY DTD 9-13-9FROM K-1 - REVOCABLE "BLIND" TRUST STATEAGREEMENT FBO RICK PERRY DTD 9-13-91

I

I--f - - - - -

Amount

360.1,555.

356.

- f----

2 Add the amounts on line 1 2 I 2 27l .3

4

Part II 5OrdinaryDividends

Note: If youreceived a Form1099-DIVorsubstitutestatement froma brokerage firm,list the firm'sname as thepayer and enterthe ordinarydividends shownon that form.

Excludable interest on series EE and I U.S. savings bonds issued after 1989.Attach Form 8815 3Subtract line 3 from line 2. Enter the result here and on Form 1040, line 8a 4 2 27l .

Note. If line 4 is over $1 ,500, you must complete Part III. AmountList name of payer BANK OF NEW YORKBANK OF NEW YORKFROM K-1 - REVQCABLE "BLIND" TRUST STATE ~ - - _AGREEMENT FBO RICK PERRY DTD 9-13-9 -_____ ~ . 1 . . 1 72 6 .

-FROM K-1 REVOCABLE "BLIND" TRUST AGREEMENT FBOANITA PERRY - 330.._------- - - _ . _ - ~ - -

5c-----------

-_ . FAdd the amounts on line 5. Enter the total here and on Form 1040, line 9a 25,087.

3 .28...

6Nate. If Itne 6 .S over $1500 , vou mus camp Ie te Part IIIPart IIIForeign

AccountsandTrusts72750111-08-07

You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends: or (b) had a foreign Yes Noaccount; or (c) received a distribution from, or were a arantor of or a transferor to a foreian trust.7a At any lime durlllg 2007, did you have an Interest In or a signature or other authority over a financial account In a foreignCOUlltl y, such as a bank account, securities account, 01 other financial account? See page B-2 for exceptions and filing Xequil aments for Form TO F 90-22.1

b If "Yes," enler the name of tile foreign country ~ . -8 During 2007, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust?

If "Yes," you may have to file Form 3520. See page B-2 XLHA For Paperwork Reduction Act Notice, see Form 1040 instructions. Schedule B (Form 1040) 20076

630 2007.07080 PERRY, JAMES R. 630 1


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SCHEDULE D(Form 1040)Deportment of the TreasuryInternal Revlu Service (991Narne(s) shown on return

Capital Gains and Losses Attach to Form 1040 or Form 1040NR. See Instructions for Schedule D (Form 1040).

Use Schedule 0- 1 to l ist additional transactions for lines 1 and 8.

Part I IShort-Term Capital Gains and Losses - Assets Held One Year or LessJAMES R. & M. ANITA PERRY(b) Date I(a) DeS2npt ion 01 property (e) Cost orc) Date sold ~ G a l n or (loss)d) Sales prrescqUired(::xarnple 100 sh XYZ Co ) olher basIs(Me, cay, yr ) I (Mo. da,', yr.) Subtract (el from tdl _

1 . _ - ~ - J -I.-J_i I

2 Enter your short-term totals, if any, from Sdledule D 1, line 2 I 23 Total short-term sales price amounts. Idd lines 1 and 2 in column (d) 34 Short-term gain from Form 6252 and short-term gain or (ioss)

tram Forms 4684, 6781, and 8824 45 Net short-term gain or (loss) tram partnerships, S corporations, estates. and trusts

from Schedule(s) K-1 SEE _. STA'l:'EMENT :17 _ 5 6 Short-term cap ital loss carryover_ Enter the amount, if any, from line 10 of your Capital Loss

Carryover Worksheet in the instructions 6 ( 8 686.17 Net short-term caoital aain or (loss\' Combine lines 1 throuqh 6 in column (f) \ Part II Lon9 -Term Ca p i tal Gains and Losses - Assets Held More Than One YearI

(a) Description of property ,(b) Dale (C) Date sole!acqul'ed (Mo._ d ~ ~ ' . yr J(Mo. oay. yr.l

02/28/01 03/30/07 1- e------------ -

- - ~ - IEnter your long-term totals, if any. from Schedule D-1 , line g g10 1

T (el Cas! or (f) Gain or (loss)(Example 100 sh. XYZ Co } ( d ) s a l e s p ~ other baSIS Subtract Ie) from (d:'8 314 , 770_-,-- 823...1266 ._38 536..HQRSESHOE BAY PROPERTY

910 Total long-term sales price amounts.

Add lines 8 and 9 in column (d) . 138 536.11 Gain from Form 4797, Part I; long-term gain from Forms 2439 and 6252; andlong-term gain or (loss) from Forms 4684, 6781, and 8824 1112 Net long-term gain or (loss) from partnerships, S corporations, estates, and trusts

from Schedule(s) K-1 .. SEES'l:'A':I'EMENT .:18 1213 Capital gain distributions ... B.EE .. S':I'ATEMEN'l:' :19.. 1314 Longterm capital loss carryover. Enter the amount, if any, from line 15 of your Capital Loss

Carryover Worksheet in the instructions 1415 Ne t long-term capital gain or (loss). Combine lines 8 through 14 in column (t). Then go to I

Part Il ion paae 2 I 15

- - - ~

-

69,643 .64.( 13,193.)

880,280.LHA For Paperwork Reduction Ac t Notice, see Form 1040 or Form 1040NR instructions. Schedule D (Form 1040) 2007

720511/11-08-07 7?nn7 .n7 R PRPPV _T7\ M'DC ' n


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I

; : : . s c ~ h . : : . : e d : : u : : . : l e ~ D , . : . ( F . . . : ; o . : : . : r m . : " 1 : : . : o . . . : : 4 o = - , - ) . . : : 2 . : : . : 0 o : . . . 7 - - - - , , , J ~ A M c = = = E = - S ~ . . . . : R : . . = . . . . : . _ & " " - - . . . . : M " ' - - ' . ' - - - - - ' A N ~ _ ' _ ' I = . . . = T ' _ ' A e . : . . . _ _ _ ' P = _ _ = E : . : R . : . : R ' _ ' _ " Y = _ _ _ __ age 2...J.iPart III Summary16 Combine lines 7 and 15 and enter the result. 871,359.6

~ ~ t I f . \ ..... ~ . i ' . ~ :If line 16 is A gain, enter the amount from line 16 on Form 1040. line 13, or Form 1040NR, line 14. Thengo to line 17 below. A loss, skip lines 17 through 20 below. Then go to line 21. Also be sure to complete line 22.

Zero, skip lines 17 through 21 below and enter -0- on Form 1040, line 13, or Form 1040NR,line 14. Then go to line 22.17 Are lines 15 and 16 both gains?lXJ Yes. Go to line 18D No. Skip lines 18 through 21, and go to line 22.18 Enter the amount, if any. from line 7 of the 28% Rate Gain Worksheet on page 0-8 of the

instructions . . . . . . . . . . . . . . 1819 Enter the amount, if any, from line 18 of the Unrecaptured Section 1250 Gain Worksheet on

page 09 of the instructions. 1920 Are lines 18 and 19 both zero or blank?lXJ Yes. Complete Form 1040 through line 43, or Form 1040NR through line 40. Then complete the

Qualified Dividends and Capital Gain Tax Worksheet on page 35 of the Instructions for Form1040 (or in the Instructions for Form 1040NR). Do no t complete lines 21 and 22 below.D No. Complete Form 1040 through line 43, or Form 1040NR through line 40. Then complete theSchedule D Tax Worksheet on page 0-10 of the instructions. Do no t complete lines 21 and22 below.

21 If line 16 is a loss. enter here and on Form 1040, line 13, or Form 1040NR, line 14, the smaller of:

The loss on line 16 or 21 ( ($3,000), or if married filing separately, ($1.500) }Note. When figuring which amount is smaller, treat both amounts as positive numbers.

22 Do you have qualified dividends on Form 1040, line 9b, or Form 1040NR, line 10b?D Yes. Complete Form 1040 through line 43, or Form 1040NR through line 40. Then completethe Qualif ied Dividends and Capital Gain Tax Worksheet on page 35 of the Instructionsfor Form 1040 (or in the Instructions for Form 1040NR).D No. Complete the rest of Form 1040 or Form 1040NR.

Schedule D (Form 1040) 2007

720512 11-08-07 8786859 630 2007.07080 PERRY, JAMES R . 630 1


10/60

,". t' )J-{f I't:,Qualified Dividends and Capital Gain Tax Worksheet - Line 44 Keep for Your RecordsIName(s) shown on returnpAMES R. & M. ANITA PERRYI Bela... you begin: I See 'h ' 'm"""oo, 'oe " " 44 'h " b,gi, 0' p,g ' 33 '0 '" it yoo '" m , 'hi' wO'k'h'" to f,goce YoO' , , ,

j If you do not have to file Schedule D and you received capital gain distributions, be sure youchecked the box on line 13 of Form 1040.

1, Enter the amount from Form 1040, line 43 1. _--=11-,~ 8 3 ~ 5-=--4-=--7,---.2, Enter the amount from Form 1040, line 9b 2, 12,493.3. Are you filing Schedule D?[X ] Yes. Enter the smaller of line 15 or 16 01 }

Schedule D. II either line 15 or line 16 ISa loss, enter -0- ... 3. 871,359. DNo, Enter the amount from Form 1040. line 13

4. Add lines 2 and 3 4. 883,852.5, If you are claiming investment interest expense

on Form 4952, enter the amount from line 4gof that form. Otherwise, enter -0 . 5, _ o.

6, Subtract line 5 from line 4. If zero or less, enter -0- 6. 883 , 852.7. Subtract line 6 from line 1. If zero or less, enter -0- 7, __----=-19--...,L 69 5 8. Enter the smaller of:

The amount on line 1, or $ 31,850 if single or married filing separately, 8. ~ 6 ~ 3 ~ , ~ 7 ~ 0 = - - O - = - - . o . . . . '

$ 63,700 if married filing jointly or qualifying widow(er), J42,650 if head of household.9. Is the amount on line 7 equal to or more than the amount on line 8?[X ] Yes. Skip lines 9 through 11; go to line 12 and check the "No" box.D No. Enter the amount from line 7 9.

10. Subtract line 9 from line 8 10.11. M ultip ly line 10 by 5% (.05) 11. _12. Are the amounts on lines 6 and 10 the same?[.=1 Yes. Skip lines 12 through 15: go to line 16.[XJ No. Enter the smaller of line 1 or line 6 12. 883 , 852.- - - - ~ - ~ ~ ~ ~ ~ 13. Enter the amount from line 10 (if line 10 is blank, enter -0). . 13. 0"--"-.14. Subtract line 13 from line 12 14. 88 3 , 852 .15. Multiply line 14 by 15% (.15) 15. 1 32 1...-5 7 8 16. Figure the tax on the amount on line 7. Use the Tax Table or Tax Computation Worksheet, whichever

applies 16. 45,099.17. Add lines 11, 15, and 16 . 17. 177,677.18. Figure the tax on the amount on line 1. Use the Tax Table or Tax Computation Worksheet, whichever

18. 351,447.I f9 ~ ; ; ; ; , ; ; I ; : " b l ' I , ~ ; m e E,'" ' ; "m ' I ' ' ' o '" , ,17o,[,h.'B A[;o IOhlod'1tio'moool 00 Foem

19. 177,6?L...

71015111-13-Q7 8.1786859 630 2007.07080 PERRY, JAMES R. 630 1


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1011

1213

I 14151617

---

C

SCHEDULE E(Form 1040)Department of the TreasufJInternal Revenue Service

Supplemental Income and Loss(From rental real estate, royalties, partnerships,S corporations, estates, trusts, REMICs, etc.)

Attach to Form 1040, 1040NR, or Form 1041. See Instructions for Schedule E (Form 1040).

OMS No. 1 5 ~ 5 - 0 0 7 ~ 2007

Name(s) sllOwn on returnJAMES R. & M. ANITA PERRY

Your social security number

AB

Part IjList the type and location of eacll rental real estate property: 2 For each rental real estate property listed Yes

on line 1, did you or your family use itduring tile tax year for personal purposesJ .R . PERRY CO. - ROYALTY Afor more tllan the greater of:RESIDENTIAL RENTAL PROPERTY 1 days or B x 10% of the fatal days rented at fairrental value?

Income or Loss From Rental Real Estate and Royalties Note. If you are in the business of renting personal property, useSchedule C or C-EZ (see page E-3). If you are an individual. report farm rental mcome or loss from Form 4835 on page 2, line ~ O

(See page E-3.) cIncome:3 Rents received4 Royalties received

Expenses:5 AdvertiSing6 Auto and travel (see page E - ~ ) 7 Cleaning and maintenance8 Commissions9 Insurance

10 Legal and otlm professional fees11 Management fees12 Mor1gage interest paid to banks, etc.

(see page H ) 13 Other Interest14 Repairs15 Supplies16 Taxes17 Utilities18 Other (list)

19 Add lines 5 through 18 .20 DepreCiation expense or depletion (see page E-5)21 Total expenses. Add lines 19 and 2022 Income or (loss) from rental real estate

or royalty properties. Subtract line 21from line 3 (rents) or line (royalties).If tile result is a (loss). see page E-5 tofind out if you must file Form 6198.

23 Deductible rental real estate loss. Caution.You I renlal real estate loss on IIn8 22 maybe limited. See page E-5 to tlnd out if youmust file Form 8582. Real estate professionalsmust complete line ~ on page 2

242526

If Parts II, III, IV, and line ~ line 17, or Form 1 O ~ O N R ,

721491 11-03-07 LHA For Paperwork Reduction Act Notice, see instructions. Schedule E(Form 1040) 2007

Properties TotalsC I B (Add columns A, S, and C.)

3 5 200. 3 5,200.4 3 182. 4 L182 .5 --678

r--1--

4 092. 12 4,092 .

2 962.I- -

18 1-- - - - - II

19 7 054. 19 7 , 0 5 h20 500. 20 500.21 500. 7 054.

STMT 20

22 2 682.

23 ( 1 854.Income. Add positive amounts sllOwn online 22. Do not include any losses 24 2 682.Losses. Add royalty losses from line 22 and rental real estate losses frolll line 23. Enter total losses Ilere 25 ( 1 854.lTotal rental real estate and royalty income or (loss). Combme lines 2 and 25. Enter the result here.

on page 2 do not apply 10 you, also enter tllis aillouni on Form 1040,line 18. Otherwise, include tllis amount in tile total on line ~ on page 2 26 828.

9786859 630 2007.07080 PERRY, JAMES R. 630 1


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- -----

38

Schedule E (Form 10401 2 0 0 ~ Attachment Sequence No 13 Page 2'_ls_h_ow_n_o_n_p_ag_e_' .... ~ y

Caution. The IRS compares amounts reported on your lax relurn wittl amounts shown on Schedule(s) K-1.IPart 1/ I Income or Loss From Partnerships and S Corporations Note. If you report a loss from an atrisk activity for whichany amount IS not at risk, you must check column (e) on Ime 28 and attach Form 6198. See page E-1.

27 Are you reporting allY loss nol allowed In a prIOr year due to the at-risk or baSIS Ilmitalions, a prior year unallowed loss from a ~ passive activity (111I1alloss was nol reported on rorm 8582), or unreimbursed partnership expenses?It vou answered "Yes' see Daqe EG belore cOlllolellnq this section.

(c) CheckIf foreignpar:nershlp

I- . I

(b) Enlel P10128 (a) Name partnership SfOI 5corporallOn-I CO. P# J oRo , PERRY ==E pDYes [X] No

(dl Employer I (e) Check Ifd f l' b any amounf IS' , " I ' ' ' ' ~ ~ . W""' ' '_7 5 - 1 6 4 2 6 ~ 5 ___II

Nonpassive Income and Lossassive Income and Loss - - - - - - - - 1 f - - - - - - - - - - , - ~ - - - - , - - _ _ _ , . _ - - - - - - - - - - - -(h) Nonpassive loss (il Section 179 expenseI) Passive loss allowed (g) Passive Income (i) NonpasSlve I/lcome(attach Form 8582 if requlled) deducllon from Form 4562 from Schedule K-1rom Schedule K1rom Schedule K1- , - - - - . - - - - - - - - - - - - - - - - i - - - - - - - - -c - - - : - A 1 654. ------f------------B o.---------------,....--------i---- - - - - - - -+ - - - - - - - - - - - - - CD - - - - - - - - - -1-- - - - - - - -+--29a Totals. 1--- +-- 1 , 65 ....c...:.+--- -t -__. _

b Tolals .30 Add columns (g) and (j) of line 29a31 Add columns (f), (h), and (i) of line 29b32 Total partnership and S corporation income or (loss). Combine lines 30 and 31. Entel tile

resull here and include in the tolal on line 41 below 32 1 654.Part III Income or Loss From Estates and TrustsI (b) Employer33 (a) Name '---,-dentillcalloll number- - - - - - - - - - - - - - - - - - -1SEE STATEMENT 21

.Jl I(c) Passive deduction or loss allowed(at1ach Form 8582 if requlled)::Lr

IPart IV I Income or Loss From Re,al Estate Mortgage Investment Conduits (REMICs)

B I34a

bTOlalsTotals

536

Add columns (d) and (I) of line 34a 35Add columns (c) and (e) of line 34b 36 (

419 ,727. __,858.)37 Total estate and trust income or (loss). Combine lines 35 and 36. rnter the result here and include in the total on line 41 below 37 31 869.- Residual Holder

Passive Income and Loss Nonpassive Income and Loss

I------(d) Passive I/lcome (e) Deduction or loss (f) Olher income fromflam Schedule K1 from Schedule K1 Schedule K1

I"---

, -1- - - - - - - - - - - - - - ,-

41 , 727.I 9,858. ------

(a) Name (b) EmployerIdenliflcallon number(c) Fxcess inclusion IromSchedules Q, llile 2c (d) Taxable IIlcome (nelloss) from Schedules Q,line 1b

(e) Income fromSchedules Q, line 3b

____-.-L_ T. Enter the result here and include in the total on line 41 below 399 Combine columnsPart V Summaryd and e onl40 Nel farm renlal income or (loss) Irom Form 4835. Also, complete line 42 below [ 4 4 " ' - 1 - ~ - - - - - - 41 Total income or (loss) ComtHne mes 26 2 ~ 37 39 and 40 Enter the result here and on Form 1040 line 17 or Form 1040NR line 18 U . 34,351.42 Reconciliation of farming and fishing income. Entel your gross farming and fishing Income I

reporled on Form 4835, line 7; Schedule K 1 (Form 1065), box 14, code [3; Sclledule K-1(Form 1120S). box 17, code T; and Schedule K-1 (Form 1041), line 14, code F (see page r-7) f----'4""2---'-.1 - - - i

43 Reconciliation for real estate plDfessionals. II yeu were a real estate profeSSional (see page E-2).enter the net I n C O I n \ ~ C:/ (10SS) you reported anywhere on F o r r ~ l 1040 or Form 1 0 ' I U ~ J n frorn al l rent,]1 reiJl estatea c l l v ' t l e s l n w h l c h y O I J r l l J I ~ : l a l l ) p ~ t l c l p a ~ e d l J n ? _ f f _ t _ h e ~ p _ a _ s s _ ' v _ e _ a _ c t _ N ~ ~ _ ' ~ _ s _ s _ r u _ : ~ _ s ~ ~ ~ ~ ~ ~ ~ ~ ~ _ 4 ~ 3 ~ ~ ~ ~ _ __ ~ _ ~ _ ~ ~ _

Schedule E(Form 1040) 20077? 150111-08-07 10786859 630 2007.07080 PERRY JAMES R.


13/60

-------------

SCHEDULE EName J & ~ E S R, PERRYPassthrough J ,R , PERRY CO.PARTNERSHIP

. . . . . . . .L.H\. . , ........................c SCHEDULE E PAGE 2Jrdinary business income (loss) _'iental real estate income (loss)Jther net rental income (loss)Intangible drilling costs/dry hole costsSelf-charged passive interest expense3uaranteed paymentsSection 179 and carryoverDisallowed section 179 expenseNet income (loss)First passive otherSecond passive other _Cost depletionPercentage depletionDepletion carryoverDisallowed due to 65% limitationUnreimbursed expenses (nonpassive)Nonpassive other _Total Schedule E (page 2) _C FORM 4797Section 1231 gain (loss)Section 179 recapture on disposition[ SCHEDULE DNet short-term cap_ gain (loss)Net long-term cap. gain (loss)Section 1256 contracts & straddles FORM 4952"----Investment interest expense - Sch. AOther net investment income

ITEMIZED DEDUCTIONSCharitable contributionsDeductions related to portfolio incomeOther

INCOME FROM PASSTHROUGH STATEMENT, PAGE 1 20

S S N / E I N ~ ID 75-1642655 TAXPAYER

I IPrior Year Unallowed Disallowed Due to Prior Year Unallowed Disal lowed Due to I Prior Year Passive Disallowed PassiveK-1 Input Basis Limitati on At-Risk Loss At-Risk LossaSIS Loss Loss5 827

F- I------d 5 827


14/60

20NCOME FROM PASSTHROUGH STATEMENT, PAGE 2SCHEDULE EName JAMES R PERRYPassthrough J . R. PERRY CO,PARTNERSHIP

E L R ~ ; ; ~ ~ DIVIDENDSInterest incomeInterest from U_S. bondsOrdinary dividendsOualified dividendsTax-exempt interest income ._

FORM 6251Depreciation adjustment after 12/31/86 IAdjusted gain or lossBeneficiary's AMT adjustmentDepletion (other than oil)OtherL MISCELLANEOUSSelf-employment earnings (Ioss)/WagesGross farming & fishing incRoyaltiesRoyalty expenses/depletionUndistributed capital gains creditBackup withholding.Credit for estimated taxCancellation of debtMedical insurance - 1040Dependent care benefitsRetirement plansQualified production activities incomePassthrough adjustment to Form 1040Penalty on early withdrawal of savingsNOLOther taxeslrecapture of credits.CreditsCasuaity and theft loss

SSN/EIN J--10 75-1642655 TAXPAYER

I ~ Y e a r U ~ a l l o w e d Disallowed Due to Prior Year Unallowed I Disallowed Due to IPrior Year Passive Disallowed Passive ,,, ""emK-1 Input Basis Limitation Lossasis Loss At-Risk Loss At-Risk LossI

._

1------

-- -1--------L-/------5 827 - - - - - - - - ~ - - - - 5-

3 182 3 1500 5I--

l- g----r= - - - - - -t - - =t=I -I

1272155204-27-07


15/60

--

--

--

200INCOME FROM PASSTHROUGH STATEMENT, PAGE 1SCHEDULE EName JAMES R PERRYPassthrough REVOCABLE "BLIND""'STATE OR TRUST

J,. . . . . . . . . . . . . . . . ....., ..... -'- .......

SCHED ULE E PAGE 2business income (loss) .

real estate income (loss)net rental income (loss)

costs/dry hole costsrged passive interest expensepayments179 and carryover

section 179 expenseincome (loss)

otherpassive other.

depletiondepletion

carryover .due to 65% limitation

(nonpassive)other.

Schedule E (J2age 2) .FORM 4797

1231 gain (loss) .179 rec3tlture on distl0sitlon

SCHEDULE 0et short-term cap_ gain (loss)et long-term cap. gain (loss)ection 1256 contracts & straddles

FORM 4952Investment interest expense - Sch. AOther net investment income

ITEMIZED DEDUCTIONSCharitable contributionsDeductions related to portfolio incomeOHler

0 4 ~ 2 7 07

SSN/EINTRUST STATE AGREEMENT FBO RICK PERRY DT 10 74-6467584 _'ll\)CPAYER

K-1 Input

I

9 858

41 72731 869


16/60

2007INCOME FROM PASSTHROUGH STATEMENT, PAGE 2SCHEDULE EName Jl'.MES R, PERRY SSN/EINIL _Passthrough REVOCABLE "BLIND" TRUST STATE AGREEMENT FBO RICK PERRY OT 1D 74-6467584 TAXPAYERESTATE OR TRUST

K-1 Input.... '- ' ' '-, J. ,"-' LJ..o.- .

INTEREST AND DIVIDENDS356

bonds24 726,

dividends 12 462income . . . . '

FORM 6251 .adjustment after 12/31/86gain or loss

adjustmentthan oil)

MISCELLANEOUS

& fishing incexpenses/depletion

capital gains creditwiHltlolding

taxof debt

1040benefits

production activities incomeadjustment to Form 1040

on early withdrawal of savings

taxes/recapture of credits

theft loss

Prier Year Unallowed Disallowed Due to Prior Year Unallowed Disallowed Due to Prior Year Passive Disallowed PassiveI 'Basis Loss Basis Limitation fItRisk Loss At-Risk Loss Loss Tax Return

._-----3SG

._ -_ ._--I 2 4 + . n _ 6

12 462

-- I-- -

-------- f - - - ---------.-- - ----

-------.-f--- -_._-._ _----

14-07


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- - -

----

INCOME FROM PASSTHROUGH STATEMENT, PAGE 1 2SCHEDULE EName JAMES R. PERRYPassthrough REVOCABLE "BLIND" TRUST AGREEMENT FEO ANITA PERRY ID 03-6092780

SSN/EIN 41TAXPAYER

ESTATE OR TRUSTK-1 InputOTHER PASSIVE

SCHEDULE E. PAGE 2Ordinary business income (loss) Rental real estate income (loss) _Other net rental income (loss)Intangible drilling costs/dry hole costs 'Self-charged passive interest expenseGuaranteed paymentsSection 179 and carryoverDisallowed section 179 expense INet income (loss) _First passive otherSecond passive oHler,Cost depletionPercentage depletionDepletion carryover,Disallowed due to 65% limitationUnreimoursed expenses (non passive)Nonpassive other,Total Schedule E (page 2) ,[ FORM 4797Section 1231 gain (loss)Section 179 recapture on dispositionC SCHEDULEDNet short-term cap, gain (loss)Net long-term cap, gain (loss)Section 1256 contracts & straddles "J[ FORM 4952Investment interest expense - Sci), AOther net investment income=TEMIZED DEDUCTIONSCharitable contributions Deductions related to portfolio incomeOther,

Prior Year Unallowed I Disallowed Due to IPrior Year Unallowed I Disallowed Due to I Prior Year Passive IDisallowed PassiveBaSIS Loss Basis Limi tati on At-Risk Loss At-R isk I Loss Loss Tax Return

I II

=L t t =t=

I j --t--- I I I-------1--_tj--------i II IjlI1-----1------+------t-----1

1572 ',55104-27 ~ 0


18/60


19/60

200Schedule EJAMES R. & M. ANITA PERRY

T T Schedule K-1Line Reference: (1065/1120S/1041)5: .P Entity AcL: E No_ iJo_ Namefr Ip 1 1 l1 R PERRY COfr E 3 I 4 REVOCABLE "BLIND" TRUST AGREEMEriR 2 3 REVOCABLE "BLIND" TRUST STATE A

PASSTHROUGH RECAP

1/1 /6 , 2/2f7 3/3/8Ordinary I Rental Real OHler RentalIncome 'Estate Income(Loss) Inc. (Loss) (Loss)

5 827

BASIC INFORMATION_

* 1 '. 5/4/1 * 6aJ5a12a 7/6/* 8/7/3 9,a,/8a14a 4 / Passive IIIMT Passive. US Treasury . . . Short-Term Net Lon g- . GuaranIIctivity Activity Loss Interest Bond DIVidends Royalties Capital Term Cap, tal PaymeLoss CIO CIO Interest Galf' (Loss Ga,n (Loss) to Par

3 18 233 0

3..2... 24 72 6 M I t-------- --

I

1---1

U - - l - - - - - I - - - - - I - - - - - - - - - - - - - - - - - - + - - - - - - + - - - - + - - - - - + - - - - - + - - - - - + - - - - + _ - - - - ~ - - - - + _ - - - I _ - - _ + - - - - - - - -f-l---+---+------1-------------------+----j----t-----t-----t----+------+-----1-----+-----+----1----1----I---I--I----I-----I------------------!------+-----!------+----+-----+-----+_------' --------I-----!------I----I---Totals 5 827 35 6 25 05 6 3 18 2 < 2 3 5 _ . ~ r 9 . . . _ 4 . . l , + -Component of: Schedule E.Page 2. Schedule E.Page 2. Scredule E,Page 2. Farm 8582 Form85821\MT, S h d I Bc e u e . S Ichedu e B, Schedule BJSchedule E. Schedule D. Schedule D. SchedPageVarrous Varrous Varrous Line 3c Line 3c Line 1 Line 1 lome 5 L'ne L,ne 5 L,ne 12 Vario

*3/12/* 12/111* 13/12/* 13/121* 13/121* */* 20/17/14 13/*1* 14/*1* 17115/12 *1*/12 *1*/Deduct ions nvestment --Charitable Related to Investment 1, SE Health Wages for AMT Oepr Minimumr;ontrlbutlons Section 179 PortfoliO Otller Int. Expense Int. Expense Investment Insurance More Than 2% Net SE Ad] on Post Tal( Exclu50% Expense Income (2%) Deductions Schedule A) Schedule E) i Income Premium Sha,eholders Earnings Item---'-=-= '86 Property ~ ~ ~ m e n ~ --

83 I 4 17 3 3 18 2 l2...s.rr.1 1....QQQ..---.1...11LI 1 - ~ !I1 +--i

I --= f------J----.t-- -83 I 1 00 0 6 484 3 18 2 I 5 82 7Form 4562, Sciledule A. Schedule E. S C ~ l e r l u l e A, Schedule E F 4952 Form 1040, I FOim1040, ~ c h e d u l e SE.I Form 6251. Form 6251. 20chedule A, Page 2. ~ ,nes 16& 17 I Line 6 Line 23 VanOL:S Line 14 , Verrous Line 4a Lille 29 Line 7 ~ L,ne 1 4 _ F ~ ~ I

Sctledule K-1Line Reference: *(1065/i ~ 2 C S / 1 0 4 i) 10/91* 111101*

OrdinaryEntity : Act. Section 1231 Gain (Loss) OtherNo. rI No. Gain (Loss) Form 4797 Income~ 3 44 03 8III- t=1:=r=rH

Tota!s 44 038Component of: Form 4797. Form 4797, Schedule E,Page 2.Line 2 Line 10 VanOL:SI

* - No specific Schedule K-111ne reference for these amounts.728071 11-16-07 16.1


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2007 ER. & M. f u ~ I T A PERRY

K-l~ 2 0 S i l04"1) 6b/5b/2b 11/10/* 13/* /* 13 /12:14 13/12/* 15/13/* 15/13/13 1 5 / ~ 3/ 13 15/13/* 15/13/* 20/17/13 * /* /'

QualifIed Credit foriflct. Q u a ~ i l i e d Sec. 1256 1 Dependent P r o 0 u c ~ \ o n :mploye(s I Und'Slr


21/60

- - - - -

Statement of Rental and Royalty IncomeYour social security number

122 RENTAL 243DURING YEAR 365243/365 = 66.58%243/365 = 66.58%VACATION HOMELOSS LIMITATION NET TO SCH E

5 200.i

-4 092.

2 962.---

-- - - - ~ - - - - ---_ .. _- - - - - - _ . _ - - I+------

-

- -sn 7,054.

1 , 523.1 7,054 .[


22/60

007 DEPRECIATION AND AMORTIZATION REPORTRESIDENTIAL RENTAL PROPERTY -

AssetNo

1LESSII

TOTAL

SCHEDULE E 2.Date Method line Unadjusted Bus % Reduction In Basis For Accumulated Cu'rlenl Current Yearescription Acquired Life No. Cost Or Basis Excl Basis Depreciation Depreciation S e 179 Deduction,08 01 07SL 27.50 19H 167,679. .3342 167,679. 2,287

EXCLUSION


23/60

SCHEDULE SE OM S No 1545-0074(Form 1040) Self-Employment Tax 2007epartment of the TreasuryInternal Revenue Service (991 Attach to Form 1040. See Instructions for Schedule SE (Form 1040). ~ ~ I ~ ~ : ; ; ' c ' : , " ~ o 17Name of person with self-employment income (as shown on Form 1040) ISocial security number of

Iperson with self-employmentM. ANITA PERRY I income .

ho Must File Schedule SEYou must file Schedule SE if: You had net earnings from self-employment from other than church employee income (line 4 of Short Schedule SE or line 4c of Long Schedule SE)of $400 or more, or You had church employee income of $108.28 or more. Income from services you performed as a minister or a member of a religious order

is no t church employee income (see page SE-1).Note. Even if you had a loss or a small amount of income from self-employment. it may be to your benefit to file Schedule SE and use either"optional method" in Part II of Long Schedule SE (see page SE-4).Exception. If your only self-employment income was from earnings as a minISter, member of a religious order, or Christian Science practitioner andyou filed Form 4361 and received IRS approval not to be taxed on those earnings, do not file Schedule SE. Instead, write "Exempt-Form 4361" onForm 1040, line 58.May I Use Short Schedule SE or Must I Use Long Schedule SE?Note. Use this flowchart only if you must file Schedule SE, if unsure, see Who Must File Schedule SE, above.

r' Did you receive wages or tips in 2007? ~ - - - J - - ' I YesI No 'I-----,Y Are you a rnlnlster, member of a religious order, or Christian I Was the total of your wages and tiPS subject to social security YesScience practitioner who received IRS approval not to be taxed Yes or railroad retirement tax plus your net earnings from selfon earnings from these sources, but you owe self-employment employment more than $97,500?tax on 01l1er earnings?I Noy

Are you using one of the optional methods to figure your net Did you receive tips subject to social security or Medicareearnings (see page SE-4)? tax that you did not report to your employer?I Noo-- - - --------------'------Did you receive church employee Income reported on Form W-2 Old you report any wages on Form 8919, Uncollected Socialof $108.28 or more? Security and Medicare Tax on Wages?

t o=---Yo-u-m-ay-uS-e-S-h-o-rt-Sched-u-le-S-E-b-e-lo-w---- You must use Long Schedule SE on page 2Section A-Short Schedule SE. Caution. Read above to see if you can use Short Schedule SE.1 Net farm profit or (loss) from Schedule F, line 36. and farm partnerships, Schedule K 1

(Form 1065), box 14, code A .2 Net profit or (loss) from Schedule C, line 31; Schedule CEZ, line 3; Schedule K-1 (Form 1065), box 14, code A

(other than farming); and Schedule K1 (Form 10658), box 9, code J1 . Ministers and members of religiousorders, see page SE-1 for amounts to report on this line. See page SE3 for other income to report STM:T22

3 Combine lines 1 and 24 Net earnings from self-employment. Multiply line 3 by 92.35% (.9235). If less than $400, do not

file this schedule; you do not owe selfemployment tax 5 Self-employment tax. If the amount on line 4 is: $97,500 or less, multiply line 4 by 15.3% (.153). Enter the result here and onForm 1040, line 58. More than $97,500 , mult iply line 4 by 2.9% (.029) . Then. add $12,090 to the result.Enter the total here and on Form 1040, line 58 .6 Deduction for one-half of self-employment tax. Multiply line 5 by 50% (.5).Enter the result here and on Form 1040. line 27 r 6 I 4,592.

1

2 65 000.6 000.

I 4 60,028.

5 9 184.

LHA For Paperwork Reduction Act Notice, see Form 1040 instructions. Schedule SE (Form 1040) 2007

72450111-05-0718786859 630 2007.07080 PERRY, JAMES R. 630 1


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------------

Schedule SC (Forrr. 1(40) 2007 At:achment Seouence No 17 Page 2IName of person with self-employment income (as shown on Form 1040) I Social security number of II~ : ~ ~ ~ wlthself-emPIOyme; i__AMES R. PERRY

Section B - Long Schedule SE~ a r t l l Self-Employment Tax '1Note. If your only income sublect to self-employment tax IS church employee income, skip lines 1 through 4b_ Enter -0- on line 4c and go toline 5a Income from services you performed as a minister or a member of a religious order is no t church employee income. See page SE-l.

A If you are a minister, member of a religiOUS order, or Chrrstlan SCience practitioner and you filed Form 4361. but you had $400 or more of other net earnings from self-employment, check here and continue with Part I1 Net farm profit or (loss) from Schedule F, line 36, and farm partnerships, Schedule K-l (Form 1065),

box 14, code A. Note. Skip this line if you use the farm optional method (see page SEA)2 Net profit or (loss) from Schedule C, line 31 ; Schedule C-EZ, line 3; Schedule K-l (Form 1065). box 14, code A

(other than farming); and Schedule K-1 (Form 106 5-8), box 9, code J1. Ministers and members of religiousorders, see page SE-l for amounts to report on this line. See page SE 3 for other income to reportNote. Skip ttlis line if you use the nonfarm optional method (see page SEA) S EESTA,TEMEN':I'2:3 5,827.

3 Combine lines 1 and 2 5,827.4a If line 3 IS more than zero, multiply line 3 by 92.35% (.9235). Otherwise, enter amount from line 3 5-L381

b If you elect one or both of the optional methods, enter the total of lines 15 and 17 here.c Combine lines 4a and 4b. If less than $400, stop; you do not owe self-employment tax. Exception.If less than $400 and you hao church employee income, enter -0 and continue . _.... 5,381 .

5a ~ ~ t : ~ ~ ~ ~ i ~ ~ h o ~ r ~ ~ u ~ : p ~ : : I : ; : : ~ : : ; : mFormW2.SeepageSE-l ..... ____ .. lJ -

I 1

234a4b

I 4e -5b6

7

b Multiply line 5a by 92.35% (.9235). If less than $100, enter -06 Ne t earnings from self-employment. Add lines 4c and 5b7 Maximum amount of combined wages and self-employment earnings subject to social security tax or

the 62 % pOll/on of the 7.65% railroad retirement (tier 1) tax for 20078a Total social secunty wages and tips (total of boxes 3 and 7 on f'orm(s)

b

W-2) and railroad retirement (tier 1) compensation_ If $97,500 or more. skiplines 8b through 10, and go to line 11Unreported tiPS subject to social security tax (from Form 4137, line 10) f _ d ~ - ___~ l L 49_4.8b

c Wages subject to social security tax (from Form 8919, line 10) I Be Id Add lines 8a, 8b, and 8c

9 Subtract line 8d from line 7_ If zero or less, enter 0- here and on line 10 and go to line 11 10 Multiply the smaller of line 6 or line 9 by 12.4% (.124)11 Multiply line 6 by 2.9% (.029)12 Self-employment tax. Add lines 10 and 11> Enter here and on Form 1040, l ine 5813 Deduction for one-half of self-employment tax. Multiply line 12 by

50% (.5). Enter the result here and on Form 1040, line 27 I 13 Ii 78.

5 38 l .97.500.0

8d.--JL...1Q....,----11 156.156.~ -

IPartJ!j Optional Methods To Figure Net Earnings (see page SEA)Farm Optional Method. You may use thiS method only if (a) your gross farm income 1 was not more tl an $2,400, or(b) your nGt farm profits 2 were less than $1,733.14 Maximu m Income for optional methods15 Enter the smaller of: two-thirds (2/3) ot gross farm income 1 (not less than zero) or $1 ,600. Also includetllis amount on line 4b above- ~ - ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ > Nonfarm Optional Method. You may use this method only if (a) your net nonfarm profits 3 were less than $1,733 andalso less than 72.189% of your gross nonfarm i n c o m e ~ and (b) you had net ea rnings from selfemploy ment of atleast $400 in 2 of tile prior 3 years.Caution. You may use this method no more than five times_16 Subt,act line 15 from line 1417 Enter the smaller of: two-thirds (2/3) of gross nonfarm income 4 (not less than zero) or the amou n, on

14

15

16

-

1,600_00----

- .ine 16. Also include this amount online 4b above. ..... 171 From Sell. F, line 11, ,mel Sch. K-1 (For III 1065), box 14, code B. 3 From Sch. C, line 31: Sch. C-Z, line 3; Sell_ K1 (Form 1065), box 14, code A; alld2 From Sell. F, line 36, and Sch. [


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OMB No 1545-0121

Form 1116 Foreign Tax Credit 2007Department of the TreasuryIntern;)1 Revenue SerVice (99)

(Individual, Estate, or Trust)Attach to Form 1040, 1040NR, 1041, or 990-T.Name Identifying number as shown on page 1 at you, tax 'eturn

J ~ E S R. & M. ~ I T A P E = R = R = Y ~ ~ . Use a separale Form 1116 for each category of Income listed below. See Categories of Income beginning on page 3 of the Instructions. Check only one box on eachForm 1116. Report all amounts In U.S. dollars except wll8le specified in Part II below.a [X] Passive category Income cO Section 901 (j) Income e0 Lump-sum distributionsb 0 General category Income dO Certain Income re-sourced by treatyf Resident of (name of country) UN--=---:ITE,..D S'-'T"""A--=-T E=S _Note: If you paid taxes to only one foreign country or U.S. possession, use column A in Part I and line A in Part II. If you paid taxes to more than oneforeign country or U.S. possession, use a separate column and line for each country or possession.I Part I I Taxable Income or Loss From Sources Outside the United States (for Category Checked A_bo_v.e..,e) ,-

Foreic n Countrv or U.S. Possession TotalA B C (Add cols. A, B, and.r;:J

g Enter the name of the foreign country or U.S. pTHERrOUNTRIESossession 1a Gross Income from sources within country shown above

and of the type checked above:- _ . - - - - - - - - - - - - - - - _ . _ - ~ 24 209. 24 209.a

b Check if line 1a is compensation for personal services asan employee, your total compensation trom all sources is$250,000 or more, and you used an alternative basis todetermine its source (see instructions) 0

Deductions and losses (Caution: See pages 14 and 15of the instructions):2 Expenses definitely related to the income on line 1a(attach statement)3 Pro rata share of other deductions not definitely related:a Certain Itemized deductIOns or standard deduction f- -__=2--'---".8c.-2...,6"-"-1. - - - - - - ~ f - - - - -------_b Other deductions (attach statement)c Add lines 3a and 3b 2 826.d Gross foreign source Income 24 209.e Gross Income from all sources 1 135 743.f Divide line 3d by line 3e .02131619 Multiply line 3c by line 31 60.

4 Pro rata share of interest expense:a Home mortgage interest (use worksheet on page H

of the Instructions) . 20.b Other interest expense

5 Losses from foreign sources i6 Add lines 2, 3g, ~ a ~ b and 5 80. 80.7 Subtract line 6 from line 1a. Enter the result here and on line 1 ~ paQe 2 7 24 129.

I Part II I Foreign Taxes Paid or AccruedCredit is claimed F_o_r_e_i...,_n.t_axes paid or accrued ---------- -----_ .. __._for taxes .. In for eign cu rre ncy In U.S. dollars(you must

1:' check one) (r) Other (s) Total foreignn) OtherTaxes withheld at source on: Taxes withheld at source on: foreign (h) [ ] [ ] PaId taxes paid ororeign taxes paid or accrued (add cols.accruedtaxes paid 018 (i) 0 Acc,ued accrued (0) th,ough (r))(m) Inle,esl (o) DIvIdends (q) InlerestA

...77. 77.

- t _ ( . j ) . - ' a " ' ~ a ~ " ' ~ c C ' ~ ~ " ' ~ d ' " - d_+(..k. DIvidends

~ f - - - - - - - - - - - + - - - + - - - - t - - - - . - - - - - i - - - - - + - - - - - - t - - - - + - - - . -- - - - + - ~ - - - - ~ - - -8 Add lines A through C. column (s). Enter the total here and on line 9. page 2....:::..-'--'::..::...:.c..c:.::...:..:..::..::...::.:::2:..c..::.:.=.:.::.:..:-'--'::.r....=c..:.:.::.:....c.:.:....:.::..:::.c..:..c:..:.:....:::.:..:....:::.'-'..-'--'....::2...c..::..''c::....::: ~ ~ ~ ~ ~ __ I 8~ _ _ ~ - ' - - ' = - - . r . - - ' ' - - ' - 7 ~ 7 - - - - :---'-- '-::..

LHA For Paperwork Reduction Act Notice, see sep


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11 Add lines 9 and 10

Form 1116 (20071 JAMES R. & M. ANITA PERRYPart III I Figuring the Credit9 Enter the amount from line 8. These are your toral foreign taxes paid or accrued

for tna category of Illcome checked above Par I ISEE STATEMENT0 Carryback 01 carrvovcr (attach detailed computation; 1

9

10111

--'I25 .

77.3

80.< .

Page 2

12 Reduclion in forclgn taxes 1211314 Subtract line 12 tram Ime 11. This IS the total amount of foreign taxes available tor creditEnter the amount from IlIle 7. ThiS is your taxable income or (loss) from sources outside the

United States (before adjustments) for the category 01 income ctlecked above Part II I1 14 1

1324, 1 2 _ ~

80.

1516

Adiustments to line 14Combine the amounts on lines 14 and 15. This is your net foreign source taxable IIlcome. l1J(tf the result is zel a or less, you have no foreign tax credit for the category of incomeyou checken above Part I. Skip lines 17 through 21. However, if you are filing more than Ione Form 1116, 'Iou must complete Ime 19.) 116/ 24 129.

17 Individuals: Enter the amount from Form 1040, line 4 '.If lOll are a nonresident alien, Ienter the amount from Form 1040NF1, line 38. Estates and trusts: Enter your taxableincome without the deduction tor you I exemption SEE STATEMENT 24 17 581 913.Caution: If you figured your tax using the lower rates on qualified dividends or capital gams, see instructions.

18 Divide line 16 by line 17. if line 16 is more than line 17, enter "1" II- .04146519 Individuals: Enter fhe amount from Form 1040, line 44. if '1011 are a nonresident allen, enler the amount fromFor 111 1040NR, IlIle 41.Estates and trusts: Enter the amount from Form 1041, Sclledule G, line 1a, or the total of Form 990-T,lines 36 and 37 1191 177 677 .Caution: If you are completing line 19 for separate category e (lump-sum distributions). see pg. 20 of the instructions.

20 Multiply line 19 by line 18 (maximum amount of credit)21 Enter the smaller of line 13 or line 20. If this is the only Form 1116 you are filing, skip Imes?? through 26 and enter this

amount on line 21. OtherWise, complete the appropriate line in Part IV 21 80.I Part IV Summary of Credits From Separate Parts III22 Credit for taxes on passive category income23 Credit jor taxes on general category income24 Credit for laxes on certalll income re-sourced by treaty25 Credit for taxes on lump-sum distributions26 Add lines 22 through 25 . 2627 Enter the smaller at Ime 19 or line 26 t - " 2 ~ 7 +---- ~ Q - ' -28 Reduction of credit for international boycott operations 2829 Subtract line 28 from line 27. This IS your foreign tax credit. Enter here and on Form 1 O ~ 0 , Ime 51;

Form 1040NR line 46' Form 1041 Schedule G.linc fa' or Form 990-T.linc 10a 29 80.Form 1116 (2007)

1.2-21-07 21630 2007.07080 PERRY, JAMES R.

711511

1


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28/60

_____

r F o _ r _ m _ 6 _ 2 _ 5 ~ 1 ,--(2_00_7..:...) .:"'J:..o.AM=E=S--"R,o-.:..-.:::::&--"M=-.:..-AN=c..::I:....:T::.,:A"':-.=:.P.=E:..:R-'::'R:..o.Y=---- -----' Pa--"Q'--e----'-I Part III , Tax Computation Using Maximum C a ~ p jt...,--I-=G=-=a"' in '-"s=---=-Ra,"-ot-=e...36 Enter the amount from Form 6251, line 30. If you are filing Form 2555 or 2555EZ, enter the amount from

line 3 of the worksheet in the Instructions37 Enter the amount from line 6 of the Qualified Dividends and Capital Gain Tax

Worksheet in the instructions for Form 1040, line 44, or the amount fromline 13 of the Schedule 0 Tax Worksheet on page 010 of the Instructions forSchedule 0 (Form 1040), whichever applies (as refigured for the AMT, ifnecessary) (see the instructions). If you are filing Form 2555 or 2555EZ,see instructions for the amount to enter 37

38

88338 Enter the amount from Schedule 0 (Form 1040), line 19 (as refigured fortheAMT, if necessary) (see instructions). If you are filing Form 2555 or 2555EZ,see instructions for the amount to enter .

39 If you did not complete a Schedule 0 Tax Worksheet for the regular tax or theAMT, enter the amount from line 37. Otherwise, add lines 37 and 38, and enterthe smaller of that result or the amount from line 10 of the Schedule D Tax

Iorksheet (as refigured for the AMT, if necessary). If you are filing Form 2555 I39 Ir 2555EZ, see instructions for the amount to enter. 88340 Enter the smaller of line 36 or line 3941 Subtract line 40 from line 36.42 If line 41 is $175,000 or less ($87,500 or less if married filing separately), multiply Iine 41 by 26% (.26)

Otherwise, multiply line 41 by 28% (.28) and subtract $3,500 ($1,750 if married flling separately) fromthe result

43 Enter: $63,700 if married filing Jointly or qualifying widow(er), } $31,850 if single or married filing separately, or 63W- $42,650 if head of household.

44 Enter the amount from line 7 of the Qualified Dividends and Capital GainTax Worksheet in the instructions for Form 1040, line 44, or the amount from Iline 14 of the Schedule 0 Tax Worksheet on page 0 10 of the instructions forSchedule 0 (Form 1040), whichever applies (as figured for the regular tax). Ifyou did not complete either worksheet for the regular tax. enter 0 199,695 .M

45 Subtract line 44 from line 43. If zero or less, enter 0 O.546 Enter the smaller of line 36 or line 37 46 883,852.47 Enter the smaller of line 45 or line 46 4748 Multiply line 47 by 5% (.05)

-----,U36 I 29886 , ,I,

"I

852.I

I

I

I852. I

...____ ~ 8 J _ L 852__41 202,446._ ~ _____ .. 5 _ 3 . l . J J ~ ~ ~

700.

I

48

49 Subtract line 47 from line 46 l1L 883,852.50

tol ine51.f line 38 is zero or blank, skip lines 51 and 52 and go to line 53, Otherwise, goMultiply line 49 by 15% (.15) 132,578 .

51 Subtract line 46 from line 40 l21J 2 Multiply line 51 by 25% (.25)53 Add lines 42, 48, 50, and 5254 If line 36 is $175,000 or less (S87,500 or less if married filing separately), multiply Iine 36 by 26% (.26).

Otherwise, multiply line 36 by 28% (.28) and subtract $3,500 ($1 ,750 if married filin g separately) fromthe result

5253i ~ I

1

185,763 .II154 . J . Q Q . . J _ 9 j ~ J . ___r ' - ~

55 5 or 2 ~ ) 5 , ) F Z , do not enternter ti,e smaller of line 53 01 line 54 here and 011 lino 31. If you are filing Form 255this am 0 un to n line 31. In stead. en ter it 0 n line 4 of tic...'::...\",'""0c...rk""s::...h""e""ec...t :. . . i1cc",h",e...:.:..:.11 s",t::...ru::.c::..:t::..:i0:..:.I1.:.:s"-'-'--'-"--'-"--'-"--'-"--'-"--'-"--'-"--"--'--'--'-"---'--....:5.::.,:C>::. J.1 - - - = l = 8 . . . . : ~ " - - .L,_7'-"6....:3='-'

Form 6251 (2007)71959112-26-07

23786859 630 2007.07080 PERRY, JAMES R. 630 1


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FI~ A M E S R. & M. ANITA PERRY

IForm I DescriptionName I

!Kl- p".R. PERRY CO.

REGULAR INCOME* AMT NET INCOME*

'I!

I

I

I

IIl I

ALTERNATIVE MINIMUM TAX RECONCILIATION REPORT

Social Security Num

IIncome

1,654.1,654.

Form 6251, Line 16 Form 6251, Line 17Adjustment

Form 6251, Line 18 Form 6251Form 6251, Line 19- r- -Other Adjustmen

I

I

III

II

I

II ,

71991104-27-07


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' ;S3c j : I Date AMT I AMT Regular AMT NvlTo Description Acquired Cost Or Basis Accumulated Depreciation Depreciation AdjustmentI IPROPERTY -27.50 167 ,679 . o. 1,523.8101107 SL 1,5231** SUBTOTAL ** 167 ,679 . o. 1,523. 1,523.

*** GRAND TOTAL ** * I I 167 ,679 . o. 1,523. 1,523.1

7281C4

24.1

04-27-07


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- - - - - - - - - - - - - - - - - - - - - - - - -

--------------------------

OM B No 1545-0121ALTERNATIVE MINIMUM TAX1116 Foreign Tax Creditorm 2007(Individual, Estate, or Trust)Dep3ftment of the TreasuryInternal Revenue SerVice (99) Attach to Form 1040, 1040NR, 1041, or 990-T.Name Identifying number as shown on page 1 of you' tax return

JAMES R. & M. ANITA PERRYUse a separate Form 1116 for each category of income listed below. See Categories of Income beginning on page 3 of the instructions. Check only one box on eachForm 1116. Report all amounts III U.S. dollars except where specified rn Part II below.a [X ] Passive category Income cO Section 901 (j) Income e 0 Lump-sum distributionsb 0 General category income dO Certain Income re-sourced by treatyf Resident of (name of country) UNITED STATESNote: If yOIl paid taxes to only one foreign countly or U.S. possession, use column A in Pan I and line A in Pan/l. If you paid taxes to more than oneforeign country or U.S. posseSSion, Ilse a separate column and Ime for each country or possession.

I Part I I Taxable Income or Loss From Sources Outside the United States (for Category Checked Above)f- A_--'F--'o''_'r__e ~ i ( " ; , n ~ C ~ o ~ u = n ~ t ~ r y ~ B = o ~ r = U ~ . S = . ~ P _ o = S i " S " - ' e ' C , s ' - ' s " - i o = n " - - c - - - - 1 Total

(Add cols. A, B. and C.)

- - - - - - ' - - - - ' - - ' - - - - "= - - - - -====-+- - - - - - - -+ - - - - - - - - -+ - - - - - - - -+ - . . . ,

Enter the name of the foreign country or U.S. PTHERpossession COUNTRIES

1a Gross Insome from sources Within country shown aboveand of the type cllecked above:

24 209. 1a 24 209.b Check if line 1a IS compensation tor personal services as

an employee, your total compensation from all sources isS250,000 or more, and you used an alternative basis todetermine its source (see Instructions) 0

Deductions and losses (Caution: See pages 14 and 15of the instructions).2 Expenses definitely related to the income on line 1a(attach statement)3 Pro rata share of ollle! deductions not definitely related:a Cel tain itemized deductions or standard deductionb Other deductions (attach statement)c Add lines 3a and 3b 1---2'-4209 .1-------+---------1d Gross foreign source Incomee Gross income from all sources 1 135 743.f DiVide line 3d by line 3e .021316g Multiply line 3c by line 31

4 Pro rata share of interest expense:a Home mortgage interest (use worksheet on page 14

of the Instructions) ~ __ - Other Interest expense5 Losses from foreign sources6 Add lines 2. 3g, 4a. 4b, and 5 44. 44.7 Subtract Ime 6 from line 1a. Enter the result here and on Ime 14, pane 2 24 165.Part II I Foreign Taxes Paid or Accrued

Credit is claimed Foreign taxes paid or accruedfor taxes I-----------------------------"r----'------------------------.-------(you must In foreign currency III U.S. dollar sr:- check one) (h) [X ] Paid Taxes withlleld at source on: (n) Otherforeign Taxes withlleld at source on: (r) Otllerforeign ~ T o t a l foreignI \ ~ ~ x e s paid or


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- -

- - - - - ---------

OMS No 1545-0172SCHEDULE E- 24562:orrr: Depreciation and Amortization 2007Including Information on Listed Property) Attachmentepartment of the Treasury See separate instructions. Attach to your tax return. Sequence No 67Name{s) shown on return Business or activity to whlcn this form relates I Identifying numberInternal Revenue Service

ESIDENTIALJAMES R. & M. ANITA PERRY PROPERTY Par:!lJ Election To Expense Certain Property Under Section 179 Note: If you have any listed property, complete Part Vbefore you complete Part r1 MaXimum amount. See the instructions for a higher limit for certain businesses ~ 2 1- - 12 5- ,- O - O ~ O ~ 2 Total cost of section 179 property placed In service (see instructions)3 Threshold cost of section 179 property before reduction in l i m i t a t i o n ~ ! 50 0 , 000 4 Reduction in limitation. Subtract line 3 from line 2. If zero or less. enter -0- 1-----_---1 _5 Dollar limitation for tax yeal Subtract line 4 from line 1 It zero O' less enter -0 . If malfled frj!"Jl sepalatel\ see Instructions 56 (a) DeSCription of property I Ib) Cos: (bUSiness use only) I Ic) Eleoted cost

I I- - - - - ~ - - - - - - - - - - - - I ~ 7 Li,I,d pcoperty E, ' " Ih"mooc!fcom I i " ?9 ----=:J r71-------8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 . 8-+ _-I9 Tentative deduction Enter the smaller of line 5 or line 8 . 11-----"'9---1 _

10 Carryover of disallowed deduction from line 13 of your 2006 Form4562 " :: : 10+11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 i 1112 Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11 c ' - ' ~ " ~ " ~ " ' - i " ~ " ~ ~ ~ ~ ~ ~ ~ ~ . . l 1 - - , 1 , , 2 ' - - t - - - - - - - - - - -13 Carryover of disallowed deduction to 2008. Add lines 9 and 10, less line 12 .. ~ , - - - - 1 3=---.l.1 --"-- _Note: Do not use Part /I or Part II/ below for listed property. Instead, use Part V.I Part II [ Special Depreciation Allowance and O ther Depreciation (Do no t include listed property.)14 Special allowance for qualified New York Liberty or Gulf Opportunity Zone property (ottler tllan listed property) and cellulOSIC

biomass ettlanol plant property placed in service during the tax vear H-r:-i . .__15 Property subject to sec tion 168(f)(1) election

.... n;1-----6 Other de reeiation ineludin ACRS . 16MACRS Depreciation (Do not include listed property.) (See instructions .)

Section At ronc--:- : -- : i : : : ~ ~ e ~ e : ~ ~ : : e ~ ~ : : u n t s . D ~ = = = = = = = --=--=--=-===u

Section B - Assets Placed in Service During 2007 Tax Year Using the General Depreciation System

RENT

Part III

-----,(c) BaSiS lor depreciationb) Month and (d) Recovery(bUSineSs/Investment usea) CICJsslflcallon of property yea, placed (e) Co:rventlon i (f} Method (g) Depreciation deductionperiodonly - see Instructions)n servIce~ } y e a r property

b 5 year property -IIc 7-year property_d__1O-year property

e 15-year property - - - - _.- .------- - - f 20'year property~ ~ e a r property 25 yrs. S/ LJ

27.5 yrs. MM S/ L107 111 64l . 1 ~ h Residential rental property 27.5 yrs. MM S/LMM S/ L9 vrs.i Nomesidential real property MM S/ Lced I 0 200720;- : ~ " ~ ' S


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---

Form 4562 (2007) JAMES R. & M. ANITA PERRY Page Part V Listed Property (Include automobiles, certain other vehicles, cellular telephones, certain computers, and property used for entertainmenrecreation, or amusement.)

Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (aJthrough (ci of Section A, all of Section B. and Section C if apolicableSection A - Depreciation an d Other Information (Caution: See the instructions for lImits for passenger automobiles)24a Do you have eVidence to support the busineSS/investment use claimed? [] Yes 0 No I24b If "Yes" is the evidence written? DYe0 No

(b) (c)Business/Investmentuse percenlage(9) I (h) (i)(a) (d) I (.) pf)ate BasIs for oeoreclatlon RecQver l ! ElectedDepreciationype of property Method/ost or I Tlaced In (bUSiness/Investment period J section 179deductionlist vehicles first) Conventionther basis use only)service cos!

25 Special allowance for qualified Gulf Opportunity Zone property placed in service during the tax year andused more than 50% in a qualified business use" 2526 Property used more than 50% in a qualified business_u_s_e_: ~ - - - - - - - I

- _ n E J== f _ - ~ - = = , - = = I = - - _ ~27 Pcop.rt, ccod 50% ocl' '0 " q C " ' F J E - - - - - - ~ =lI J ~ ; ~ S/L [%-5_8 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 129 Add amounts in column (i). line 26. Enter here and on line 7. page 1

Section B - Information on Use of VehiclesComplete this section for vehicles used by a sole proprietor, partner, or other "more than 5% owner," or related person.If you provided vehicles to your employees, first answer the questions in Section C to see if you meet an exception to completing :his section lorthose vehicles.

- ~ . _ -

(e) (f)1

(a) I ( : ~ , - ~ - - - " e (ehicle (d)Vehiclej30 Total business!lnvestment miles driven during the Vehicle V ~ h i c l e I Vehicle Vehicle+- - - - year (do no t Include commuting miles)31 Total commuting miles driven during the year32 Total other personal (noncommuting) milesdriven I33 Total miles driven during the year. ~ dd lines 30 through 32 , I34 Was the vehicle available for personal use Yes No Yes No Yes I Yes I Not-N o t ~ 1_ Yes I NoIduring off-duty hours?35 Was the vehicle used primarily by a more Ithan 5% owner or related person?36 Is another vehicle available for personal I I-I [-se?

Section C - Questions for Employers Who Provide Vehicles fo r Use by Their EmployeesAnswer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who are not more than 5%owners or relat-=-e-=d-,p",e",r-=s-,--o.:..n.=.s.:... _37 Do you maintain a written policy statement that prohibits all persona! use of vehicles, including commuting, by your

employees? ,38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your

employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners39 Do you treat all use of vehicles by employees as personal use?40 Do you provide more than five vehicles to your employees, obtain information from your employees aboutthe use of the vehicles, and retain the information received?41 Do you meet the requirements concerning qualified automobile demonstration use?

Note: If vour answer to 37,38,39 40 or 41 is "Yes," do not comolete Section B for the covered vehicles.

Yes ---.NQ_

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I Part VI I Amortization(a) (e) (dl (f)l (b) I (e) IDeSCription of costs Date amortlllllion Amortizable Code Am artlZ


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Form 8582Department of the! reasur)'

Passive Activity Loss Limitations See separate instructions.

OMS No 1545 1008

2007Internal Revenue Service (99) Attach to Form 1040 or Form 1041.Name(s) shown on return Identifying number

R. & M. ANITA PERRY2007 Passive Activity Loss Caution' Complete Worksheets 1, ?, and 3 on page 2 before completing Part I.Rental Real Estate Activities With Active Participation (For the definition of active participation, seeSpecial Allowance for Rental Real Estate Activities on oage 3 0; the instructions.)

1a Activities with net income (enter the amount from Worksheet "column (a)) 1a

b Activities with net loss (enter the amount from Worksheet 1,column (b)) 1b

c Prior years unallowed losses (enter the amount from Worksheet I1, column (c)) I 1c

d Combine lines 1a, 1band 1c .. 1dCommercial Revitalization Deductions From Rental Real Estate Activities2a Commercial revitalization deductions from Worksheet 2, column (a) I 2 ~ b Prior year unallowed commercial revitalization deductions fromWorksheet 2. column (b) lb I c Add lines 2a and 2b

I2cAll Other Passive Activities

3a Activities with net income (enter the amount from Worksheet 3,column (a)) 3a I 1,654 .

b Activities wittl net loss (enter the amount from Worksheet 3,column (b)) ~ : ~ r ----.Prior years unallo wed losses (enter the amount from Worksheet 3,column (c)) . 3 c1

d Combine lines 3a. 3b. and 3c 1 654.d4 Combine linGS 1d, 2c, and 3d. If the result is net income or zero, all losses are allowed, Including any prior year

unallowed losses entered on line 1e, 2b, or 3e Do no t complete Form 8582. Report the losses on the forms andschedules normally used I 4 1,654 .If line 4 is a loss and: Line 1d is a loss, go to Part II.

Line 2c is a loss (and line 1d is zero or more), skip Part II and go to Part III. Line 3d is a loss (and lines 1d and 2c are zero or more), skip Parts II and III and go to line 15.

Caution: If your filing status is married filing separately and you lived with your spouse at any time dunng the year, do no t completePart II or Part III. Instead, go to Ime 15.

l !r t !!J Special Allowance fo r Rental Real Estate Activities With Active ParticipationS Enter the smaller of the loss on line 1d or the I ~ s s an line 46 Enter $150,000 If married filing separately, see the instructions7 Enter modified adjusted gross income, but not less than zero (see the instr.)

Note: If line 7 is greater than or equal to line 6, skip II'nes 8 andg, enter .0 . on line 10. Otherwise, go to line 8.

8 Subtract line 7 from line 6

-

L ~ I 5

J....-

l 8

Note: Enter all numbers in Part II as positive amounts. See page 8 of the instructions for an example.

If line 2c is a loss,Part III

9 25,000. If married filing separately, see the instructionsultiply line 8 by 50% (.5). Do no t enter more than $ ~ I 10 Enter the smaller of line or line 9 . 10 ---0 to Part III. Otherwise, 0 to line 15.Special Allowance fo r Commercial Revitalization Deductions From Rental Real Estate ActivitiesNote: Enter all numbers in Par1111 as positive amounts. See the example for Part l ion page 8 of the i n s t r _ u _ c _ t l ~ o ~ n s _ . - - , -

11 Enter $25. ,000 reduced. by tile amo.unt. if any, on line 10. If married filing separately, see Instructions ~ 11 I12 Enter the loss from line 4 1 2 1 ~ 13 Reduce line 12 by the amount on line 10 ~ i J = - ---------_1 Enter the smallest of line 2c treated as a positive amount), line 11. or line 13 . ~ , - l ---'1'--'4--1..1 . _~ ~ r i : _ I V Total Losses A l l o w e d _ ~ ~ .__15 Add the Income, if any, 011 lines 1a ;lIld 3a , ~ , ' d ollter the total 15--1--,===--==16 Total losses allowed from all passive activities for 2007. Add lines 10,14, ,1I1d 15. Se8 the instructions

to find out how to reoort tile losses on [ ) l l r tax return SEE STATEMENT 30 16LHA 719761 /1011 07 For Paperwork Reduction Ac t Notice, see separate instructions. FOlm 8582 (2007)28.1

786859 630 2007.07080 PERRY, JAMES R. 610


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-----------------

r l . ' 1 ~ - - , J ~ A M = E ~ S : : : - - : : . . ; R c . ! . ~ & ~ M ~ . - - - - = . A N ~ : : : . I - = T - = - A : : . . . . . . . . : P , , - , E = R : = . R : : . . : Y = - - _ Paoe 2Caution: The worksheets must be filed with your tax return Keep a copy for your records.Worksheet 1 - For Form 8582, Lines 1a, 1b, and 1c (See instruc tions.)

ICurrent year Prior years Overall gain or loss

Name of activity (a) Net income (b) Net loss (c) Unallowed I (e) LossI ( d ) ~ G. ainI (line 1a) (line 1b) loss (line 1c)I r - - - - + I --------1~ --+------~ I 1---------jF - ~ I I - - - - - - + - I - -------+-1 --+-,--3f--- i._---_._--

Total. Enter on Form 8582, lines1a,! I 11b and 1c IWorksheet 2 - For Form 8582, Lines 2a and 2b (See instructions)---(a-)--'cC:Cu-'-rr"--e--'n'-=-t-'-ye"--a"--r'--'-----'"------,-------(b-)-P-r-iO-r-y-e-a-r ---J"Ti------------

Name of activity (c) Overall loss]____________---J d_e_d_u_c_ti_o_n_S_(I_in_e_2_a_)_-+_u_n_a_Ilo_w_e_d_d_e_d_u_c_ti_o_nS_(I_ine 2b) 1--_-_-_-_-_-_-_-_-_-_-_-_- - __~ _ -_1l - i n - e ~ S ~ 2 ~ a ~ ~ ~ ~ - = l - - - - - - - - - - + I - - - - - - - - - - - - - - - - - - - - - - - - + - 1

nd 2b .. I _ 1 ---'-.Worksheet 3 - For Form 8582, Lines 3a, 3b, and 3c (See instructio!2.s_.)_-,-- - , - _Name of activity

Total. Enter on Form 8582, lines 3a,3b, and 3c

I __current year Prior years Overall gain or loss -- ,----------+------- .-- j- -------- ,---------(a) Net income (b) Ne t loss (c) Unallowed I(d) Gai=f=n(e) Loss(line 3a) (line 3b) loss (line 3c) f-- _I ' i - - - - - - - - - - + E - - - - - - - ~ - - SEE ATTAClHED S T A T ~ FOR IIIWORKSHEET F3 T _. -.

1 654. I IWorksheet 4 - Use thIs worksheet If an amount IS shown on Form 8582, line 10 or 14 (See instructions.)

Form or s C h e ~ 1 -; ~ : o " : ; ~ - ( ~ - ~ - ~ ~ ; r ' ~ c - ~ - t -and line number IName of activity to be reported on I ') Lm I (b) from column (a)(see i n s t r u c t i o n ~ J Tr__ 0__ .--- J-- - _ . ~

I l1---- - -+ - - ~ - ; F - -

1Total. ~ i __Worksheet 5 - Allocation of Unallowed Losses (See instructions. )Gm or schedule

=f_(b_)_a_ti_o~ - l .oj " " " owed 10 ,"

TotJ!

-------

jIl

1-----_+1_-l - ame of activity and line number (a) Lossto be reported on

(see instructions)

I_.. --_.

N

",19762 10-11-07 Form 8582 (2007)28.2630 2007.07080 PERRY, JAMES R. 630 1


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~ ~ ~ r ~ ~ ~ : ; : e o ~ ~ : ~ : ~ : ~ ~ u r ) '

rorm 8903 Attach to your tax return. See separate instructions.

Domestic Production Activities DeductionOMS No 1M5-19S"

2007AttachmentSeauence Na 143

Name(s) as shown on return

JAMES R. & M. ANITA PERRYI Identifying number

1 Domestic production gross receipts (DPGR)2 Allocable cost of goods sold. If you are using the small business simplifiedoverall method, skip lines 2 and 33 If you are using the section 861 method, enter deductions and losses allocable H---------ito DPGR. All others, see instructions4 If you are using the small business simplified overall method, enter the amount

of cost of goods sold and other deductions or losses you ratably apportion toOPGR. All others, skip line 4 rt -I

5 Add lines 2 through 4

6 Subtract line 5 from line 1 I: I7 Ouallfied production activities income from estates, trusts, and certain partnerships and S corporations (see

instructions) I,+---I_II8 Add lines 6 and 7. Estates and trusts, go to line 9, all others, skip Ime 9 and go to line 10 8 I9 Amount allocated to beneficiaries of the

Gov. Rick Perry 2007 Taxes

Documents