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HST-BWT_18-6_01-01 to 16
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OCR Page 1 of 17HARRY S. AND BESS W. TRUMAN
Income Tax Returns
1960
Gross
Gain to be Reported
Date
Selling
Profit
1960
Prior
Capital Gains and Losses: Acquired Sold Price Basis Gain Percentage Collections 1960
Years(1) Deferred
Lots 3, 4, 5, 6, 7, B1. 14,
Grandview, Missouri
1945
4-21-57 $ 11,000.00 2,931.00 8,069.00(1) 73.3545%
547.53
401.61
2,099.12
5,568.27
NE14 of NE1/2, Part of S1/2 of SW)
and Part of N1/2 of NW¹4 13-47-33
(Approx. 220 acres)
1946 & 1955
1-15-58
220,000.00 53,832.10 166,167.90(1) 75.5308% 17,660.50 13,339.15(2) 42,977.10 109,851.65
Part of SW14 11-47-33
(Approx. 98 acres)
1945
0-6-54
75,000.00
14,736.00 60,264,00(1) 80.3527%
-
-
36,158.40
24,105.60
$ 306,000.00 71,499.10 234,500.90
18,208.03
13,740.76
81,234.62
139,525.52
50% $ 6,870.38
To Federal Return $ 6,870.38
To Missouri Return:
Harry S. Truman $ 3,535.60
Bess W. Truman $ 3,334.78
Sale of Property other than Capital Asset:
Installment sale of "Mr. Citizen":
Gross Sales Price
$ 200,000.00
Profit
200,000.00
Payments received during 1960
20,000.00
Profit to be reported in 1960
20,000.00
Taxpayer hereby elects to report the gain from the sale of
"Mr. Citizen" on the installment basis as provided in Section 453
of the 1954 Internal Revenue Code.
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