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HARRY S. AND BESS W. TRUMAN Income Tax Returns 1960 Professional Income: Installment sale - "Truman Memoirs" - see schedule below $ 76,977.82 Writing fees 7,796.26 Personal appearances, including reimbursed travel expenses 5,217.72 89,991.80 Expenses*: Telephone and telegraph $ 2,385.80 Accounting fees 1,325.00 Office supplies 1,063.87 Travel expense 1,208.63 Dues and subscriptions 309.75 Depreciation - see schedule below 272.63 Professional writing assistance 1,724.89 Salaries and wages 240.00 8,530.57 $ 81,461.23 *The above does not include any costs of maintaining office facilities which were paid directly by the General Service Administration pursuant to provisions of Public Law 85-745. Depreciation Schedule: Depreciation Acquired Life Cost 12-31-59 1960 12-31-60 Filing cabinets 1953 10 $ 960.00 672.00 96.00 768.00 Typewriter 1955 5 286.36 286.36 - 286.36 Typewriter 1955 5 119.72 107.73 11.99 119.72 Addressograph 1958 8 1,317.18 246.96 164.64 411.60 $ 2,683.26 1,313.05 272.63 1,585.68 Installment Sale - "Truman Memoirs": Portion of contract price received in calendar year 1960 $ 90,000.00 Total contract price 600,000.00 Total gain to be realized 513,185.48* Gain to be reported in calendar year 1960 $ 76,977.82 *See return for calendar year 1955 for detailed computation of total gain to be realized and authorization of installment method of reporting per closing agreement. TRUMADE NARA

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Page context
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    "ocrText": "HARRY S. AND BESS W. TRUMAN\nIncome Tax Returns\n1960\nProfessional Income:\nInstallment sale - \"Truman Memoirs\" -\nsee schedule below\n$ 76,977.82\nWriting fees\n7,796.26\nPersonal appearances, including reimbursed travel expenses\n5,217.72\n89,991.80\nExpenses*:\nTelephone and telegraph\n$ 2,385.80\nAccounting fees\n1,325.00\nOffice supplies\n1,063.87\nTravel expense\n1,208.63\nDues and subscriptions\n309.75\nDepreciation - see schedule below\n272.63\nProfessional writing assistance\n1,724.89\nSalaries and wages\n240.00\n8,530.57\n$ 81,461.23\n*The above does not include any costs of maintaining office facilities\nwhich were paid directly by the General Service Administration pursuant\nto provisions of Public Law 85-745.\nDepreciation Schedule:\nDepreciation\nAcquired\nLife\nCost\n12-31-59\n1960\n12-31-60\nFiling cabinets\n1953\n10 $ 960.00\n672.00\n96.00\n768.00\nTypewriter\n1955\n5\n286.36\n286.36\n-\n286.36\nTypewriter\n1955\n5\n119.72\n107.73\n11.99\n119.72\nAddressograph\n1958\n8\n1,317.18\n246.96\n164.64\n411.60\n$ 2,683.26\n1,313.05\n272.63\n1,585.68\nInstallment Sale - \"Truman Memoirs\":\nPortion of contract price received in calendar year 1960\n$ 90,000.00\nTotal contract price\n600,000.00\nTotal gain to be realized\n513,185.48*\nGain to be reported in calendar year 1960\n$ 76,977.82\n*See return for calendar year 1955 for detailed computation of total\ngain to be realized and authorization of installment method of reporting\nper closing agreement.\nTRUMADE\nNARA"
}