State of Missouri Income Tax Return for 1927 for Harry S. Truman

SCHEDULE A-INCOME FROM BUSINESS OR PROFESSION (1) Total income from business or profession reer $ COST OF GOODS SOLD: OTHER BUSINESS DEDUCTIONS: (10) Salaries and wages not reported as "Labor" (2) Labor $ on line 2 $ (11) Rent on business property in which Tax- (3) Material and supplies payer has no equity (4) Merchandise bought for sale (12) Interest on business indebtedness to others. (5) Other costs (list principal items and amounts below, or on a separate sheet) (13) Taxes on business and business property (14) Repairs, wear and tear, obsolescence, deple- (6) Plus inventory at beginning of year tion and property loss (explain below) (15) Other expenses, including bad debts (list (7) TOTAL $ items and amounts below or on separatesheet) (8) Less inventory at end of year (16) TOTAL (Lines 10 to 15, inclusive) $ (9) NET COST OF GOODS SOLD $ (17) TOTAL DEDUCTIONS (Line 9 plus line 16) $ State amount of salary to self included in line 10 $ (18) NET INCOME (Line 1 minus line 17) (Enter as item 2, page 1) $ Explanation of deductions claimed on lines 5, 14 and 15 SCHEDULE B-INCOME FROM RENTS AND ROYALTIES Amounts paid in 1927 for Net Value Total Depre- Total income Location, Street and Number. of rent ciation deduc- (enter as building. received. Insur- Repairs. if any. tions. item 5). ance. SCHEDULE C-PROFIT FROM SALE OF REAL ESTATE, STOCKS, BONDS, ETC. Depreciation to Kind of property Date Amount be added to Cost or value Subsequent Net profit acquired received sale price Jan. 1, 1917 improvement (enter as item 6) $ $ $ $ $ SCHEDULE D. PudozaiM dolow no bevinost SCHEDULE E-INTEREST-Deduction of interest will be allowed only when the following information is furnished: Payee Address Amount INFORMATION Dividends-All dividends received from foreign or domestic corporations are to be listed as income. Credit can be taken for that part of dividends or income on which the corporation paid a tax during the preceding taxable year. (In order to secure the proper credit the tax payer should procure from the issuing corporation, the amount of dividends upon which taxes were paid for him by the corporation.) Items Not Deductible (1) Personal, living, or family expenses (the specific exemption allowed covers such expenses). (2) Any amounts paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate. (3) Premiums paid on any life insurance policy. (4) Taxes of any kind assessed against local benefits. Non-Taxable Income- (1) Compensation received from the United States for services rendered. (2) Interest received upon the bonds or obligations of the United States, or its possessions, or upon those of this State or any political subdivision thereof, (3) Gifts and money and property acquired under a will or by inheritance (but the income derived therefrom must be included in gross income). Head of Family Is a person who actually supports and maintains in one household one or more individuals who are sole dependents and who are closely connected with him by blood, marriage or adoption, and whose right to exercise family control and provide for these dependents is based upon some moral or legal obligation. If the changes in the law, which became effective July 3, 1927, apply to your income you may make two returns or attach schedule explaining.