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Ronald Reagan Presidential Library
Digital Library Collections
This is a PDF of a folder from our textual collections.
Collection: Roberts, John G.: Files
Folder Title: JGR/Travel (6 of 6)
Box: 56
To see more digitized collections visit:
https://reaganlibrary.gov/archives/digital-library
To see all Ronald Reagan Presidential Library inventories visit:
https://reaganlibrary.gov/document-collection
Contact a reference archivist at: [email protected]
Citation Guidelines: https://reaganlibrary.gov/citing
National Archives Catalogue: https://catalog.archives.gov/
WITHDRAWAL SHEET
Ronald Reagan Library
Collection Name ROBERTS, JOHN: FILES
Withdrawer
AEM 9/12/2005
File Folder
JGR/TRAVEL (6 OF 6)
FOIA
F05-157/01
Box Number
56
COOKE
126
DOC Doc Type
Document Description
No of Doc Date Restrictions
NO
Pages
1
FORM
INCOME TAX AUDIT CHANGES FOR
2 6/6/1978 B6
450 a
JAMES E. AND ROSALYNN CARTER
(PARTIAL)
2
FORM
FORM 1040 U.S. INDIVIDUAL INCOME
16
ND
B6
451 a
TAX RETURN 1977 FOR JAMES E. AND
ROSALYNN CARTER (PARTIAL)
3 FORM
FORM 1040 U.S. INDIVIDUAL INCOME
1
ND
B6
452 a
TAX RETURN 1979 FOR JAMES E. AND
ROSALYNN S. CARTER (PARTIAL)
4
FORM
FORM 1040 INTEREST AND DIVIDEND
2
ND
B6
453 a
INCOME FOR JAMES E. AND ROSALYNN
S. CARTER 1979 (PARTIAL)
5 FORM
SUPPLEMENTAL INCOME SCHEDULE
1
ND
B6
454 a
FOR JAMES E. AND ROSALYNN S.
CARTER 1979 (PARTIAL)
6 FORM
FORM 1040 CMOPUTATION OF SOCIAL
1
ND
B6
455 a
SECURITY SELF-EMPLOYMENT TAX
FOR JAMES E. CARTER 1979 (PARTIAL)
7 FORM
FORM 1040 TAX COMPUTATION
1
ND
B6
456 a
SCHEDULE FOR JAMES E. AND
ROSALYNN S. CARTER 1979 (PARTIAL)
Freedom of Information Act - [5 U.S.C. 552(b)]
B-1 National security classified information [(b)(1) of the FOIA]
B-2 Release would disclose internal personnel rules and practices of an agency [(b)(2) of the FOIA]
B-3 Release would violate a Federal statute [(b)(3) of the FOIA]
B-4 Release would disclose trade secrets or confidential or financial information [(b)(4) of the FOIA]
B-6 Release would constitute a clearly unwarranted invasion of personal privacy [(b)(6) of the FOIA]
B-7 Release would disclose information compiled for law enforcement purposes [(b)(7) of the FOIA]
B-8 Release would disclose information concerning the regulation of financial institutions [(b)(8) of the FOIA]
B-9 Release would disclose geological or geophysical information concerning wells [(b)(9) of the FOIA]
E.O. 13233
C. Closed in accordance with restrictions contained in donor's deed of gift.
WITHDRAWAL SHEET
Ronald Reagan Library
Collection Name ROBERTS, JOHN: FILES
Withdrawer
AEM 9/12/2005
File Folder
JGR/TRAVEL (6 OF 6)
FOIA
F05-157/01
Box Number
56
COOKE
126
DOC Doc Type
Document Description
No of
Doc Date Restrictions
NO
Pages
8
FORM
FORM 2106 EMPLOYEE BUSINESS
1
ND
B6
457 a
EXPENSES FOR JAMES E. CARTER 1979
(PARTIAL)
9
FORM
FORM 4625 COMPUTATION OF
1
ND
B6
458 a
MINIMUM TAX - INDIVIDUALS FOR
JAMES E. AND ROSALYNN S. CARTER
1979 (PARTIAL)
10 FORM
FORM 4726 MAXIMUM TAX ON
1
ND
B6
459 a
PERSONAL SERVICE INCOME FOR
JAMES E. AND ROSALYNN S. CARTER
1979 (PARTIAL)
11
FORM
FORM 4952 INVESTMENT INTEREST
1
ND
B6
460 a
EXPENSE DEDUCTION FOR JAMES E.
AND ROSALYNN S. CARTER 1979
(PARTIAL)
Freedom of Information Act - [5 U.S.C. 552(b)]
B-1 National security classified information [(b)(1) of the FOIA]
B-2 Release would disclose internal personnel rules and practices of an agency [(b)(2) of the FOIA]
B-3 Release would violate a Federal statute [(b)(3) of the FOIA]
B-4 Release would disclose trade secrets or confidential or financial information [(b)(4) of the FOIA]
B-6 Release would constitute a clearly unwarranted invasion of personal privacy [(b)(6) of the FOIA]
B-7 Release would disclose information compiled for law enforcement purposes [(b)(7) of the FOIA]
B-8 Release would disclose information concerning the regulation of financial institutions [(b)(8) of the FOIA]
B-9 Release would disclose geological or geophysical information concerning wells [(b)(9) of the FOIA]
E.O. 13233
C. Closed in accordance with restrictions contained in donor's deed of gift.
THE WHITE HOUSE
WASHINGTON
September 11, 1985
MEMORANDUM FOR FRED F. FIELDING
FROM:
JOHN G. ROBERTS JJR
SUBJECT:
Tax Treatment of Presidential Travel
As requested, I have re-framed my memorandum of August 7 on
this subject as a memorandum from you to Roy Miller. Other
than necessary minor edits to conform to the new format, the
only change was deletion of the reference to then-Assistant
Attorney General Scalia's November 27, 1974 note to then-
Counsel to the President Phillip Areeda. The note added
nothing of substance and was included in my memorandum to
you only to provide a complete overview of the instances in
which the issue was raised between Justice and the White
House.
I do not know what our policy is with respect to providing
Mr. Miller copies of unpublished OLC opinions. Since you
asked simply that the memorandum be re-addressed, I assume
you have determined that this may be done in this instance.
September 11, 1985
MEMORANDUM FOR ROY MILLER
FROM:
FRED F. FIELDING
Orig. signed by FFF
SUBJECT:
Tax Treatment of Presidential Travel
The issue first surfaced in a report published by the Joint
Committee on Internal Revenue Taxation, concerning travel on
Air Force planes by family and friends of former President
Nixon. H.R. Rep. No. 93-966, 93d Cong., 2d Sess. 157-68
(1974) (Tab A). The report noted that it was the view of
committee staff that President Nixon realized taxable income
when members of his family or friends were provided free
Government transportation for personal excursions, whether
or not they were accompanying the President. The staff
recognized that family and friends may on occasion accompany
the President to assist him in his official duties, and did
not attribute income to the President on those occasions,
but did attribute income when the travel by family and
friends was purely personal. A distinction between "official"
and "personal" travel by family and friends was prompted in
part by President Nixon's own decision to reimburse the
Government for personal travel of family members, effective
April 1, 1971. The committee concluded income should be
attributed to the President when he did not reimburse the
Government for personal travel of family members, i.e.,
prior to April 1, 1971, and on several disputed occasions
thereafter.
The report discussed whether income should be attributed to
the President for his own personal travel, "a matter on
which there has been no clear policy in the past.' Id., at
163. The report noted that travel to locations primarily
used for vacation could be viewed as "personal" travel by
the President, but
it is also pointed out that the President, by the
nature of the office, must hold himself available
for work at virtually any time. In part because
of this characteristic of the Presidency and in part
because of the uncertain status of such items in the
past, the staff is not recommending that any amounts
be included in income with respect to personal
- 2 -
transportation of the President. In making this
recommendation, the staff is not suggesting that
this be foreclosed as a possible issue in the future.
Id.
A March 15, 1977 memorandum for Counsel to the President
Robert J. Lipshutz from Acting Assistant Attorney General
John Harmon on "Political Trips" (Tab B) directly discussed
the question of "personal" travel by the President. This
memorandum noted that President Nixon's attorneys concluded
in a letter to the Joint Committee that "no trips by the
President could properly be characterized as purely personal
or for vacation purposes," and that the President should
therefore never have income attributed to him for his own
travel. The memorandum then cited the ambiguous conclusion
of the Committee Report, quoted above.
The memorandum went on to note that former President Ford,
in apparent contradiction of the Nixon view, arranged to
reimburse the Government for his own travel to Colorado on
vacation. The reimbursement was actually paid by the
Republican National Committee.
Harmon concluded that reimbursement for travel by the
President "is a question of policy rather than law":
The President might well decide that his own
personal travel should be included in a uniform
policy of providing reimbursement for all non-
official uses of aircraft available to him. or
he may elect as a matter of policy to follow the
position taken by his predecessors that the duties
of the office are so entangled even with the
President's personal time that all Presidential
travel, other than for political purposes, is
official and need not be reimbursed. He might even
choose to draw the line as did President Ford
between vacation travel which was reimbursed and
weekend travel to Camp David or other retreats which
presumably was not.
Harmon also noted that the President should follow the same
rule for family travel as he adopts for his own: "should
the President elect to consider all non-political travel as
official, then it would be consistent with that policy for
his family to accompany him without reimbursement."
- 3 -
An audit report was filed on President and Mrs. Carter's
1976 return on June 7, 1978 (Tab C). That audit attributed
additional income ($487.28) to the Carters for travel on
Government planes during the transition period by family
members and friends not on transition business. The audit
cited the analysis of the Joint Committee on Internal
Revenue Taxation, discussed above.
In their 1979 return, the Carters listed $2,048.00 in "other
income," described as "Transportation Furnished" (Tab D).
There was no indication on the return whether this was for
transportation furnished to family, friends, or to the
President himself for "personal" travel.
FFF: JGR:aea 9/11/85
CC: FFFielding
JGRoberts
Subj
Chron
THE WHITE HOUSE
WASHINGTON
August 7, 1985
MEMORANDUM FOR FRED F. FIELDING
FROM:
JOHN G. ROBERTS 170R
SUBJECT:
Tax Treatment of Presidential Travel
You have asked me to gather Office of Legal Counsel material
touching on the tax treatment of Presidential travel.
The issue first surfaced in a report published by the Joint
Committee on Internal Revenue Taxation, concerning travel on
Air Force planes by family and friends of former President
Nixon. H.R. Rep. No. 93-966, 93d Cong., 2d Sess. 157-68
(1974) (Tab A). The report noted that it was the view of
committee staff that President Nixon realized taxable income
when members of his family or friends were provided free
Government transportation for personal excursions, whether
or not they were accompanying the President. The staff
recognized that family and friends may on occasion accompany
the President to assist him in his official duties, and did
not attribute income to the President on those occasions,
but did attribute income when the travel by family and
friends was purely personal. A distinction between
"official" and "personal" travel by family and friends was
prompted in part by President Nixon's own decision to
reimburse the Government for personal travel of family
members, effective April 1, 1971. The committee concluded
income should be attributed to the President when he did not
reimburse the Government for personal travel of family
members, i.e., prior to April 1, 1971, and on several
disputed occasions thereafter.
The report discussed whether income should be attributed to
the President for his own personal travel, "a matter on
which there has been no clear policy in the past." Id., at
163. The report noted that travel to locations primarily
used for vacation could be viewed as "personal" travel by
the President, but
it is also pointed out that the President, by the
nature of the office, must hold himself available
for work at virtually any time. In part because
of this characteristic of the Presidency and in part
because of the uncertain status of such items in the
past, the staff is not recommending that any amounts
be included in income with respect to personal
- 2 -
transportation of the President. In making this
recommendation, the staff is not suggesting that
this be foreclosed as a possible issue in the future.
Id.
The Committee Report prompted a November 27, 1974 note from
Assistant Attorney General Antonin Scalia to Counsel to the
President Phillip Areeda, enclosing a list of questions on
tax liability and an OLC summary of the Committee Report
(Tab B). Scalia simply raised questions but provided no
answers.
A March 15, 1977 memorandum for Counsel to the President
Robert J. Lipshutz from Acting Assistant Attorney General
John Harmon on "Political Trips" (Tab C) directly discussed
the question of "personal" travel by the President. This
memorandum noted that President Nixon's attorneys concluded
in a letter to the Joint Committee that "no trips by the
President could properly be characterized as purely personal
or for vacation purposes," and that the President should
therefore never have income attributed to him for his own
travel. The memorandum then cited the ambiguous conclusion
of the Committee Report, quoted above.
The memorandum went on to note that former President Ford,
in apparent contradiction of the Nixon view, arranged to
reimburse the Government for his own travel to Colorado on
vacation. The reimbursement was actually paid by the
Republican National Committee.
Harmon concluded that reimbursement for travel by the
President "is a question of policy rather than law":
The President might well decide that his own
personal travel should be included in a uniform
policy of providing reimbursement for all non-
official uses of aircraft available to him. Or
he may elect as a matter of policy to follow the
position taken by his predecessors that the duties
of the office are so entangled even with the
President's personal time that all Presidential
travel, other than for political purposes, is
official and need not be reimbursed. He might even
choose to draw the line as did President Ford
between vacation travel which was reimbursed and
weekend travel to Camp David or other retreats which
presumably was not.
Harmon also noted that the President should follow the same
rule for family travel as he adopts for his own: "should
the President elect to consider all non-political travel as
official, then it would be consistent with that policy for
his family to accompany him without reimbursement."
- 3 -
I have located and reviewed copies of President and Mrs.
Carter's tax returns for 1976, 1977, and 1979. An audit
report was filed on the 1976 return on June 7, 1978 (Tab D).
That audit attributed additional income ($487.28) to the
Carters for travel on Government planes during the
transition period by family members and friends not on
transition business. The audit cited the analysis of the
Joint Committee on Internal Revenue Taxation, discussed
above.
In the 1979 return, the Carters listed $2,048.00 in "other
income,' described as "Transportation Furnished" (Tab E).
There was no indication on the return whether this was for
transportation furnished to family, friends, or to the
President himself for "personal" travel.
EMBARGOED FOR RELEASE UNTIL THE
JUNE 15, 1978
CONCLUSION OF THE FINANCIAL DISCLOSURE
BRIEFING
Office of the White House Press Secretary
THE WHITE HOUSE
This packet contains the following information on the President's
financial affairs:
1.
Internal Revenue Service final audits for
the 1973, 1975 and 1976 income tax returns
2.
Net worth statement as of December 31, 1976
3.
Net worth statement as of December 31, 1977
4.
1977 joint income tax return
internal Revenue Service
Department of the Treasury
District Director
Date:
June 7, 1978
Return Form Number:
1040
Tax Periods Ended:
12/31/73, 12/31/75 & 12/31/76
Examining Officer:
B. Batastini/443/ccw
D
Person to Contact:
James E. Carter and
Same as above
Rosalynn Carter
Contact Telephone Number:
1 Woodlawn Avenue
(404) 934-1304
Plains, Georgia 31780
An examination report showing changes to your tax returns identified above
was discussed and left with you by the examiner named. We have completed our
review of the report and have taken the action indicated in the box checked below:
X
We have accepted the report.
We have made the changes we discussed with you, as indicated on the
enclosed corrected report.
If you have overpaid your tax, a refund will be issued to you as soon as
possible. If, however, you owe additional tax, we will bill you for the balance
due less any advance payments you have made. Interest, if any, will be included
in your refund or the balance you owe, whichever is applicable.
Thank you for your cooperation.
Sincerely yours,
District Director
Enclosure:
Corrected report
275 Peachtree St., N.E., Atlanta, Ga. 30303
Letter 987(D0) (2-77)
NT JUN 6 1978
Page 1 of 9 pages
orm 4549-A
Department of the Treasury. Internal Revenue Service
Return Form No.
Rev. August 1974)
Income Tax Audit Changes
1040
lame and Address of Taxpayers
S.S. or E.I. Number
99
Filing Status
James E. and Rosalynn Carter
Married - Jointly
1 Woodlawn Avenue
Person With
Name and Title
Whom Audit
Plains, Georgia 31780
Changes
Mr. Robert Perry, CPA
Were
Mr. Harvey Hill, Attorney
Discussed
Adjustments to Income
Year: 12-31-75
Year: 12-31-76
Year: 12-31-73
Other Income (increased)
354.34
487.28
Sales Tax Deduction
(2.08)
2. Total Adjustments
354.34
485.20
None
3. Adjusted Crosxor Taxable Income Shown on Return orxax
Previously Adjusted
122,189.12
39,366.98
119,638.00
1. Corrected Adjusted Gross or Taxable Income
122,543.46
39,852.18
119,638.00
Tax
From Sch. A - - 1975
58,705.20
12,073.48
54,737.62
6. Alternative Tax If Applicable (from Page
,
Tax Surcharge
8. Corrected Tax Liability (lesser of line 5 or 6, plus line 7)
58,705.20
12,073.48
54,737.62
a. Credit for Personal Exemptions
90.00
180.00
-0-
9. Less
Credits
(specify)
b. Investment Credit (pg. 3,4,& 5)
41,745.17
11,893.48
11,872.16
c.
10. Balance (line 8 less total of lines 9a through 9c)
16,870.03
-0-
42,865.46
a. Tax from recomputing prior year investment credit
11. Plus:
b. Self-employment tax
782.14
857.16
-0-
C.
12. Total Corrected Income Tax Liability
(line 10 plus total of lines
11a through 11c)
17,652.17
857.16
42,865.46
13. Total Tax Shown on Return creas Previously Adjusted
17,484.14
857.16
51,836.96
14. Increase or (decrease) in Tax (difference between lines 12 and 13)
168.03
-0-
(8,971.50)
15. Penalties
Other Information
Unused investment credit amounting to $9,190 in the 1976 return has been
considered in this report - see pages four and five.
Beew Officer's Signature Batastini
District
Date
Atlanta
6/5/78
Department of the Treasury Internal Revenue Service
YEAR
Form 4857
INCOME AVERAGING
(11-71)
(For Computation Year 1970 and Later Years)
1975
AME OF TAXPAYER
SOCIAL SECURITY NUMBER
James E. and Rosalynn Carter
b6
AXABLE INCOME AND ADJUSTMENTS
(a)
PRECEDING BASE PERIOD YEAR
ITEM
COMPUTATION
YEAR
(b)
1st
(c) 2nd
(d)
3rd
(a)
4th
1 Taxable income shown on return or as
corrected (if less than zero, enter zero)
122,543
72,953
119,638
50,195
58,740
2 Income earned outside of the United States or
within U.S. possessions and excluded under
sections 911 and 931
3 Excess community income and certain amounts
received by owner-employees subject to a penalty
under section 72(m)(5)
4 Accumulation distributions subject to section
668(a)
5 Adjusted taxable income or base period
income. (Line 1 plus line 2, less lines 3 and 4).
If less than zero, enter zero
122,543
72,953
119,638
50,195
58,740
COMPUTATION OF AVERAGING INCOME
6 Adjusted taxable income from line 5, column (a)
122,543
7 30% of the sum of line 5, columns (b), (c), (d), and (e)
90,457
8 Averagable income (line 6 less line 7) If $3,000 or under, income cannot be averaged
32,086
SEGMENTS OF INCOME UNDER AVERAGING
9 Amount from line 7
90,457
10 20% of line 8
6,417
11 Total (add lines 9 and 10)
96,874
12 Amount from line 3, column (a), less any income subject to a penalty under section 72(m)(5) which
was included in line 3
13 Total (add lines 11 and 12)
96,874
COMPUTATION OF TAX
14 Tax on amount on line 13
43,304.40
15 Tax on amount on line 11
43,304.40
16 Tax on amount on line 9
39,454.20
17 Difference (line 15 less line 16)
3,850.20
18 Multiply the amount on line 17 by 4
15,400.80
19 Total (add lines 14 and 18)
58,705.20
20 Tax on income subject to the penalty under section 72(m)(5) which was included in line 3
21 Tax on accumulation distributions subject to section 668(a)
22 Tax (add lines 19, 20 and 21)
58,705.20
DEPARTMENT OF THE TREASURY- INTERNAL REVENUE SERVICE
SCHEDULE NO. OR
FORM 3468-A
EXHIBIT
(REV. JANUARY 1975)
INVESTMENT CREDIT RECOMPUTATION
NAME OF TAXPAYER
TAXABLE YEAR
James E. and Rosalynn Carter
1975
1. Qualified Investment, includes suspension period property:
NOTE: Includes taxpoyer's share of investment in property by partnerships, estates, trusts, small business corporations, or
lessors.
KIND OF
LINE
(1)
(2)
(3)
(4)
PROPERTY
LIFE YEARS
APPLICABLE
COST OR BASIS
INVESTMENT
PERCENTAGE
(COLUMN 2 x COLUMN 3)
NEW
(a)
3 or more but less than 5
33-1/3
PROPERTY
(b)
5 or more but less than 7
66-2/3
(c)
7 or more
700
(d)
3 or more but less thon 5
USED
33-1/3
(e)
5 or more but less than 7
PROPERTY
66-2/3
(f)
7 or more
100
2. Total qualified investment (lines 1 (a) through (f), column 4)
3. Tentative investment credit - 7% of line 2 (4% for public utility property)
4. Carryback and carryover of unused credit(s) shown on return or 05 corrected
5. TOTAL (lines 3 and 4)
As per return
41,745.17
6. Tox shown on return or os corrected. (Do not include: self-employment, accumulated earnings, or
personal holding company taxes, or recapture of investment credit)
*
58,615.20
7. (a) Foreign tax credit
(b) Retirement income credit
(c)
(d) TOTAL (lines 7 (a), (b), and (c))
-0-
8. Tox Balance (line 6 less line 7(d))
58,615.20
9. (a) Line 8 or $25,000 whichever is lesser
25,000.00
(b) 50 % of excess of line 8 over $25,000
16,807.60
(c) TOTAL (lines 9(a) and (b))
41,807.60
10. Recomputed investment credit (lesser of line 5 or line 9(c))
41,745.17
11. Usused investment credit (excess of line 5 over line 10)
-0-
REMARKS
* Line 6 ene Tax per line 5, 4549-A
$58,705.20
Less Personal Exemption Credit
90.00
Total Tax Line 6
$58,615.20
DEPARTMENT OF THE TREASURY-INTERNAL REVENUE SERVICE
SCHEDULE NO. OR
FORM 3468-A
EXHIBIT
(REV. JANUARY 1975)
INVESTMENT CREDIT RECOMPUTATION
NAME OF TAXPAYER
TAXABLE YEAR
James E. and Rosalynn Carter
1976
1. Qualified Investment, includes suspension period property:
NOTE: Includes taxpoyer's share of investment in property by partnerships, estates, trusts, small business corporations, or
lessors.
KIND OF
LINE
(1)
(2)
(3)
(4)
PROPERTY
LIFE YEARS
APPLICABLE
COST OR BASIS
INVESTMENT
PERCENTAGE
(COLUMN 2 X COLUMN 3)
NEW
(o)
3 or more but less than 5
33-1/3
PROPERTY
(b)
5 or more but less thon 7
66-2/3
(c)
7 or more
100
(d)
3 or more but less than 5
USED
33-1/3
(e)
5 or more but less than 7
PROPERTY
66-2/3
(f)
7 or more
100
2. Total qualified investment (lines 1 (a) through (f), column 4)
as per return
208,649.77
3. Tentative investment credit % of line 2 (4% for public utility property) 10%
20,864.98
4. Carryback and carryover of unused credit(s) shown on return or as corrected
5. TOTAL (lines 3 and 4)
20,864.98
6. Tax shown on return or as corrected. (Do not include: self-employment, accumulated eornings, or
personal holding company taxes, or recapture of investment credit)
*
11,893.48
7. (a) Foreign tax credit
(b) Retirement income credit
(c)
(d) TOTAL (lines 7 (a), (b), and (c))
8. Tax Balance (line 6 less line 7(d))
11,893.48
9. (o) Line 8 or $25,000 whichever is lesser
11,893.48
(b)
% of excess of line 8 over $25,000
-0-
(c) TOTAL (lines 9(a) and (b))
11,893.48
10. Recomputed investment credit (lesser of line 5 or line 9(c))
11,893.48
11. Usused investment credit (excess of line 5 over line 10)
8,971.50
REMARKS
* Line 6
-
Tax Per Line 5, 4549-A
$12,073.48
Less Personal Exemption Credit
180.00
Total Tax Line 6
$11,893.48
DEPARTMENT OF THE TREASURY- INTERNAL REVENUE SERVICE
SCHEDULE NO. OR
FORM 3468-A
EXHIBIT
(REV. JANUARY 1975)
INVESTMENT CREDIT RECOMPUTATION
NAME OF TAXPAYER
TAXABLE YEAR
James E. and Rosalynn Carter
1973
1. Qualified Investment, includes suspension period property:
NOTE: lessors. Includes taxpayer's share of investment in property by partnerships, estates, trusts, small business corporations, or
KIND OF
LINE
(1)
(2)
(3)
(4)
PROPERTY
LIFE YEARS
COST OR BASIS
APPLICABLE
INVESTMENT
PERCENTAGE
(COLUMN 2 X COLUMN 3)
NEW
(a)
3 or more but less than 5
33-1/3
PROPERTY
(b)
5 or more but less than 7
66-2/3
(c)
7 or more
100
(d)
USED
3 or more but less than 5
33-1/3
PROPERTY
(e)
5 or more but less than 7
66-2/3
(f)
7 or more
100
2. Total qualified investment (lines 1 (a) through (f), column 4)
as per return
41,437.99
3. Tentative investment credit - 7% of line 2 (4% for public utility property)
2,900.66
4. Carryback and carryover of unused credit(s) shown on return or as corrected from 1976
8,971.50
5. TOTAL (lines 3 and 4)
11,872.16
6. Tax shown on return or as corrected. (Do not include: self-employment, occumulated earnings, or
personal holding company taxes, or recopture of investment credit)
54,737.62
7. (a) Foreign tax credit
(b) Retirement income credit
(c)
(d) TOTAL (lines 7 (a), (b), and (c))
8. Tax Balance (line 6 less line 7(d))
54,737.62
9. (a) Line 8 or $25,000 whichever is lesser
25,000.00
(b)
% of excess of line 8 over $25,000
14,868.81
(c) TOTAL (lines 9(a) and (b))
39,868.81
10. Recomputed investment credit (lesser of line 5 or line 9(c))
11,872.16
11. Usused investment credit (excess of line 5 over line 10)
-0-
REMARKS
Increase in investment tax credit arising from previously unused
investment tax credits earned in 1976 per line 11 page four of
this report.
FORM 886-A
SCHEDULE NO. OR
EXHIBIT
(REV. APRIL 1968)
EXPLANATION OF ITEMS
NAME OF TAXPAYER
YEAR/PERIOD ENDED
1975
James E. and Rosalynn Carter
7512
(a) Other Income (increased)
$354.34
Facts:
On or around February 21, 1975 Mr. Carter received $8,806.14 from the State
of Georgia Employees Retirement System. $8,451.80 of the total payment
received represented the return of amounts paid into the system by the tax-
payer while he was Governor of Georgia (this represents a non-taxable return
of capital). The remaining amount represents an excess distribution over
amounts paid into the fund that is taxable under Internal Revenue Code Section
61.
Government's Position:
This type distribution is referred to as a lump sum distribution from a pension
plan. When the distribution is received from a "qualified plan" under Section
407 of the Internal Revenue Code, the excess distribution can receive some
long-term capital gains treatment. In this case the distribution was received
from an "unqualified plan" rendering the excess distribution subject to ordinary
income treatment (as opposed to capital gain). This excess distribution was
not included as income on the 1975 return thus a provision was made in this
report including that amount in income for that year.
DEPARTMENT OF THE TREASURY - INTERNAL REVENUE SERVICE
SCHEDULE NO. OR
FORM 886-A
EXHIBIT
(REV. APRIL 1968)
EXPLANATION OF ITEMS
NAME OF TAXPAYER
YEAR/PERIOD ENDED
James E. and Rosalynn Carter
1976
(a) Other Income (increased)
$487.28
Facts:
During the transitional period of November 4, 1976 through January 20, 1977, the
"Carter/Mondale Transition Planning Group" and the U. S. Air Force incurred
expenses relative to flights that included as passengers, family members and/or
personal friends of the taxpayers. From the facts gathered in this examination,
these persons were not part of the transition group and were passengers on these
flights at the request of the taxpayers.
Government's Position:
It is the Government's position that the taxpayers did derive a measurable direct
economic benefit from the travel of these family members and/or personal friends
on these flights. The Supreme Court stated in Commissioner V. John Smith, 324 U.S.
117(1975), that section 22(a) of the Revenue Act of 1938 (Predecessor of Section 61
of the 1954 Code) "is broad enough to include in taxable income any economic or
financial benefit conferred on the employee as compensation, whatever the form or
mode by which it is effected".
In the Joint Committee on Internal Revenue Taxation examination of President Nixon's
tax returns for 1969 through 1972 (Senate Report No. 93-768), it was determined
that the taxpayer had realized taxable income where members of his family or his
friends had free use of Government transportation for personal excursions or where
it had not been established that they were on Government business. It has also been
established in court cases that generally, where a family member accompanies an
DEPARTMENT OF THE TREASURY - INTERNAL REVENUE SERVICE
FORM 886-A (REV. 4-68)
FORM 886-A
SCHEDULE NO. OR
(REV. APRIL 1968)
EXPLANATION OF ITEMS
EXHIBIT
NAME OF TAXPAYER
YEAR/PERIOD ENDED
James E. and Rosalynn Carter
1976
(a) Other Income (increased) (Cont'd)
employee on a business trip, the presence of the family member must be shown to
:
serve a business purpose for his or her expenses to be deductible. The Joint
Committee reached the conclusion that the appropriate measure of the taxpayer's
economic benefit is the cost of the first class commercial fares for the trips
provided by Government aircraft, rather than charter rates or the costs of the
use of the aircraft.
Based on the above facts and Section 61 of the Internal Revenue Code, there shall
be included as additional income the first class air fare for those family members
and/or friends that accompanied the taxpayers on these trips for other than
transitional business.
DEPARTMENT OF THE TREASURY - INTERNAL REVENUE SERVICE
FORM 886-A (REV. 4-68)
FORM 886- A
SCHEDULE NO. OR
EXHIBIT
(REV. APRIL 1968)
EXPLANATION OF ITEMS
NAME OF TAXPAYER
YEAR/PERIOD ENDED
James E. and Rosalynn Carter
1976
1976: Sales Tax Deduction (increased)
$2.08
The taxpayers utilized the optional sales tax tables in the filing of their
76 return. The increase in adjusted gross income arising from the proposed
increase in other income of $487.28 gave rise to the additional allowable sales
tax deduction above.
DEPARTMENT OF THE TREASURY - INTERNAL REVENUE SERVICE
FORM 886-A (REV 4.68)
JAMES EARL CARTER JR. AND ROSALYNN CARTER
PLAINS, GEORGIA
BALANCE SHEET
DECEMBER 31, 1976
ASSETS
Estimated
Cost
Market
Basis
Value (1)
Cash
$
810.60
$
810.60
Cash Value of Life Insurance
42,270.08
42,270.08
Common Stocks of Publicly-Held Corpora-
tions Owned by Mrs. James E. Carter, Jr.
45,416.48
38,774.96
J. S. Savings Bonds, Series E
600.00
712.00
Royalties Receivable through September 30,
1976, Payable January 1, 1977
-0-
69,290.95
Overpayment of 1976 Income Taxes
22,451.34
22,451.34
Common Stock of Carter's Farms, Inc.,
Plains, Georgia, Representing 91% of the
Total Outstanding Capital Stock -
Schedule 1
47,421.44
472,386.00
Interest in Carters Warehouse Partnership,
Plains, Georgia (at Book Value
December 31, 1976) - Schedule 2
301,699.21
301,699.21
One Fourth Remainder Interest in Real
Estate in Plains, Georgia, and in
Marketable Securities, Subject to
Life Estate
10,315.45
23,217.55
Personal Residence, Plains, Georgia
45,000.00
54,090.00
Lots in Plains, Georgia
1,300.00
18,837.00
Personal Auto
4,550.75
3,500.00
Total Assets
$521,835.35
$1,048,039.69
LIABILITIES
Miscellaneous Accounts Payable, Estimated
$ 1,500.00
$ 1,500.00
Account Payable to Carter's Farms, Inc.
3,901.14
3,901.14
Provision for Possible Income Taxes on
Unrealized Appreciation in Value of
Property
-0-
220,000.00
Total Liabilities
$ 5,401.14
$ 225,401.14
Excess of Assets Over Liabilities
$516,434.21
$ 822,638.55
See notes on the following page.
(unaudited)
PLAINS. GEORGIA
NOTES TO BALANCE SHEET
DECEMBER 31, 1976
Note 1: Estimated market values of real estate are 100% of the fair
market values as determined by county tax assessors, except as to
that owned by Carters Warehouse, which is stated at book value.
Note 2: This statement excludes campaign fund assets and liabilities.
Note 3: The common stocks of publicly-held corporations owned by Mrs.
Carter were sold in January, 1977.
Note 4: The interest in Carters Warehouse partnership, the capital
stock of Carter's Farms, Inc., the remainder interest in
certain real estate and securities, and a commercial lot in
Plains, Georgia, were transferred to a trust in January, 1977.
Note 5: If the market values of the assets were realized income taxes
would be payable at an uncertain rate. A provision for such
income taxes has been made at rates in effect for 1976.
Note 6: The financial statements of Carters Warehouse are presented
in accordance with the accrual basis method of accounting,
while the financial statements of Carter's Farms, Inc.,
are presented in accordance with the cash receipts and
disbursements method of accounting. Application of the
accrual basis method to the Farms statement would not materially
affect the financial position reported. Depreciation is generally
calculated in accordance with the straight-line method,
which method is also used for income tax purposes.
JAMES EARL CARTER, JR. AND ROSALYNN CARTER
FINANCIAL STATEMENTS
DECEMBER 31, 1977
PERRY, CHAMBLISS, SHEPPARD AND THOMPSON
CERTIFIED PUBLIC ACCOUNTANTS
AMERICUS. GEORGIA
PERRY, CHAMBLISS, SHEPPARD AND THOMPSON
CERTIFIED PUBLIC ACCOUNTANTS
AMERICUS, GEORGIA 31709
912 924-4456
ROBERT S. PERRY, CPA
CARRIE G. PERRY, CPA
April 26, 1978
ROSS M. CHAMBLISS, CPA
WILLIAM H. SHEPPARD. CPA
ROBERT F. THOMPSON. CPA
MEMBERS
AMERICAN INSTITUTE OF
DONALD R. ROLAND. CPA
CERTIFIED PUBLIC ACCOUNTANTS
Mrs. Rosalynn Carter
The White House
Washington, D.C. 20500
Dear Mrs. Carter:
Enclosed are a statement of assets and liabilities at December 31,
1977, and a statement of changes in net assets for the year 1977 for
you and the President. We prepared these statements from business records
and from information furnished, but we did not audit the records, and we
must therefore disclaim an independent opinion as to the fairness of the
presentations contained in the statements.
Very truly yours,
Robut
RSP:mn
JAMES EARL CARTER, JR. AND ROSALYNN CARTER
STATEMENT OF ASSETS AND LIABILITIES
DECEMBER 31, 1977
(UNAUDITED)
ASSETS
ESTIMATED
COST
CURRENT
BASIS
VALUE
Cash
$204,979.04
$204,979.04
Cash Value of Life Insurance
45,506.88
45,506.88
U.S. Savings Bonds, Series E
1,425.00
1,550.94
Loan Receivable
50,000.00
50,000.00
Overpayment of 1977 Income Taxes
51,121.27
51,121.27
Personal Assets Trust - Note 3
151,097.87
557,717.11
Residence, Plains, Georgia
45,000.00
54,090.00
Lots in Plains, Georgia
1,100.00
3,155.00
Automobile
4,550.75
2,737.50
Total Assets
$554,780.81
$970,857.74
LIABILITIES
Miscellaneous Accounts Payable, Estimated
$ 1,500.00
$ 1,500.00
Provision for Possible Income Taxes on
Unrealized Asset Appreciation - Note 4
-0-
174,000.00
Total Liabilities
$ 1,500.00
$175,500.00
Excess of Assets Over Liabilities
$553,280.81
$795,357.74
JAMES E. CARTER, JR. AND ROSALYNN CARTER
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1977
NOTE 1: Estimated market values of real estate are 100% of the fair market
values as determined by county tax assessors except as to certain
assets held in the personal assets trust, which are stated at book
value.
NOTE 2: This statement excludes campaign fund assets and liabilities.
NOTE 3: The interest in Carter's Warehouse partnership, the capital stock
of Carter's Farms, Inc., the remainder interest in certain real
estate and securities and a commercial lot in Plains, Georgia, were
transferred to a personal assets trust in January, 1977. The
primary purpose of the trust is to isolate the President from those
of his assets which are most likely to be affected by actions of
the federal government. The President was responsible as a general
partner for obligations of the partnership before his partnership
interest was transferred to the trust. The transfer to the trust
did not affect such responsibility.
NOTE 4: If the market values of the assets were realized income taxes would
be payable at an uncertain rate. A provision for such income taxes
has been made at rates in effect for 1977.
NOTE 5: The amounts in the accompanying statements are based principally
upon the accrual basis method of accounting.
Department of the Treasury-Internal Revenue Service
Form
1040
D.S. Individual Income Tax Return
1977
For the year January 1-December 31, 1977, or other taxable year beginning
1977 ending
19
First name and initial (if joint return, give first names and initials of both)
Last name
Your social security b6
Use IRS label.
Otherwise, print
James E. & Rosalvnn
Carter
or type.
Present homa address (Number and street, including apartment number, or rural route)
For Privacy Act Notice, see
Spouse's social security no.
The White House
page 3 of Instructions.
b6
City, town or post office, State and ZIP code
Yours
President
Washington, D.C. 20500
patidite
Spouse's
Presidential
Election
Do you want $1 to go to this fund?
Yes
No
Note: Checking "Yes" will
not increase your tax or re-
Campaign
Fund
If joint return, does your spouse want $1 to go to this fund?
Yes
No
duce your refund.
FilingStatus
1
Single
2
Married filing joint return (even if only one had income)
Check Only
Married filing separately. If spouse is also filing, give spouse's social security number in the space above
One Box
3
and enter full name here
4
Unmarried Head of Household. Enter qualifying name
See page 7 of Instructions.
5
Qualifying widow(er) with dependent child (Year spouse died
19
). See page 7 of Instructions.
Exemptions
6a
Yourself
65 or over
Blind
Enter number of
Always check
boxes checked
2
the "Yourseli"
on 6a and b
box. Check
other boxes if
b
Spouse
65 or over.
Blind
they apply.
c First names of your dependent children who lived with you
Amy
Enter number of
1
children listed
d Other dependents:
(3) Number of
(4) Did dependent
(5) Did you provide more
(2) Relationship
months lived
have income of
than one-hall of de.
(1) Name
in your home.
$750 or more?
pendent's support?
Enter number
of other
dependents
Please Attach Copy B of W-2 Here
Add numbers
entered in boxes
3
7 Total number of exemptions claimed
above
Income
(Attach Forms W-2. 11. unavail-
8 Wages, salaries, tips, and other employee compensation. able, see page 5 of Instructions.)
8
236,458
32
9 Interest income. (If over $400, attach Schedule B.)
9
7,515
42
10a
Dividends
(
over $400, attach )
Schedule
B
282
86
10b
less
exclusion
100 00 Balance
10c
114,182
S6
(See pages 9 and 17 of Instructions)
(If you have no other income, skip lines 11 through 20 and go to line 21.)
11 State and local income tax refunds (does not apply if refund is for year you took standard deduction)
11
...
12 Alimony received
12
13 Business income or (loss) (attach Schedule C)
13
14 Capital gain or (loss) (attach Schedule D)
14
( 1,823
24)
15 50% of capital gain distributions not reported on Schedule D
15
16 Net gain or (loss) from Supplemental Schedule of Gains and Losses (attach Form 4797)
16
17 Fully taxable pensions and annuities not reported on Schedule E
17
18 Pensions, annuities, rents, royalties, partnerships, estates or trusts, etc. (attach Schedule E)
18
(168,866
31)
19 Farm income or (loss) (attach Schedule F)
19
20 Other (state nature and source-see page 9 of Instructions)
Schedule
20
3,281
00
Please Attach Check or Money Order Here
21 Total income. Add lines 8, 9, and 10c through 20
21
190,748
05
instments Income
(If
none, skip lines 22 through 27 and enter zero on line 28.)
22 Moving expense (attach Form 3903)
22
215
34
23 Employee business expenses (attach Form 2106)
23
1,371
93
24 Payments to an individual retirement arrangement (from at-
tached Form 5329, Part III)
24
25 Payments to a Keogh (H.R. 10) retirement plan
25
26 Forfeited interest penalty for premature withdrawal
26
27 Alimony paid (see page 11 of Instructions)
27
28 Total adjustments. Add lines 22 through 27
28
1,587
27
29
29 Subtract line 28 from line 21
189,160
78
PRESERVATION COPY
30
30 Disability income exclusion (sick pay) (attach Form 2440)
31 Adjusted gross income. Subtract line 30 from line 29. Enter here and on line 32. If you want
IRS to figure your tax for you, see page 4 of the Instructions
31
189,160
78
Form 1040 (1977)
Page 2
32, Amount from line 31
32
189,160
78
33 If you itemize deductions, enter excess itemized deductions from Schedule A, line 41
If you do NOT itemize deductions, enter zero
}
33
67,333
80
Caution: If you have unearned income and can be claimed as a dependent on your parent's
return, check here
and see page 11 of the Instructions. Also see page 11 of
the Instructions if:
© You are married filing a separate return and your spouse itemizes deductions, OR
@ You file Form 4563, OR
0 You are a dual-status alien.
34 Tax Table Income. Subtract line 33 from line 32
34
121,826
98
Note: See Instructions for line 35 on page 11. Then find your tax on the amount on line 34
in the Tax Tables. Enter the tax on line 35. However, if line 34 is more than $20,000
($40,000 if you checked box 2 or 5) or you have more exemptions than those covered in the
Tax Tables for your filing status, use Part I of Schedule TC (Form 1040) to figure your tax. You
must also use Schedule TC if. you file Schedule G (Form 1040), Income Averaging.
35 Tax. Check if from
Tax Tables or
Schedule TC
35
50,458
39
36 Additional taxes. (See page 12 of Instructions.) Check if from
Form 4970,
Form 4972,
Form 5544,
Form 5405, or
Section 72(m)(5) penalty tax
36
37 Total. Add lines 35 and 36
37
50,458
39
38 Credit for contributions to candidates for public office
38
39 Credit for the elderly (attach Schedules R&RP)
39
40 Credit for child and dependent care expenses (attach Form 2441)
40
41 Investment credit (attach Form 3468)
41
2,306
27
42 Foreign tax credit (attach Form 1116)
42
43 Work Incentive (WIN) Credit (attach Form 4874)
43
44 New jobs credit (attach Form 5884)
44
45 See page 12 of Instructions
45
46 Total credits. Add lines 38 through 45
46
2,306
27
47 Balance. Subtract line 46 from line 37 and enter difference (but not less than zero)
47
48,152
12
48 Self-employment tax (attach Schedule SE)
48
49 Minimum tax. Check here
and attach Form 4625
49
50 Tax from recomputing prior-year investment credit (attach Form 4255)
50
51 Social security tax on tip income not reported to employer (attach Form 4137)
51
52 Uncollected employee social security tax on tips (from Form W-2)
52
53 Tax on an individual retirement arrangement (attach Form 5329)
53
54 Total tax. Add lines 47 through 53
54
48,152
12
55 Total Federal income tax withheld (attach Forms W-2, W-2G, and
W-2P to front)
55
63,313
88
56 1977 estimated tax payments (include amount allowed as credit
from 1976 return)
56
20,000
00
57 Earned income credit. If line 31 is under $8,000, see page 2 of
Instructions. If eligible, enter child's name
57
58 Amount paid with Form 4868
58
59 Excess FICA and RRTA tax withheld (two or more employers)
59
60 Credit for Federal tax on special fuels, etc. (attach Form 4135)
60
61 Credit from a Regulated Investment Company (attach Form 2439)
61
61a See page 13 of Instructions
61a
62 Total. Add lines 55 through 61a
62
83,313
88
63 If line 62 is larger than line 54, enter amount OVERPAID
63
35,161
76
64 Amount of line 63 to be REFUNDED TO YOU
64
35,161
76
65 Amount of line 63 to be credited on 1978 estimated tax
65
66 If line 54 is larger than line 62, enter BALANCE DUE. Attach check or money order for full amount
payable to "Internal Revenue Service." Write social security number on check or money order
65
(Check
if Form 2210 (2210F) is attached. See page 14 of Instructions.)
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best
of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of
which preparer has any knowledge.
CLIENT'S COPY
b6
Paid preparer's signature and identifying number (see instructions)
Your signature
PREPARED BY
Date
Perry, Chambliss, Sheppard & Thompson, CPA
PERRY, CHAMBLISS, SHEPPARD AND THOMPSONHericus, Ceorgia 31709
58-11157!
CERTIFIED PUBLIC ACCOUNTANTS
Spouse's signature (if filing jointly, BOTH must
sign even if only one AMERICUS, GEORGIA
Paid preparer's address (or employer's name, address, and identifying number)
U.S. GOVERNMENT PRINTING OFFICE 1977-O-235-333 58-040-1110
april 4, 1478
Schedules A&B-Itemized Deductions AND
(Form 1040)
Interest and Dividend Income
1977
Department of the Treasury
Internal Revenue Service
Attach to Form 1030.
See Instructions for Schedules A and B (Form 1010).
Name(s) as shown on Form 1040
Your social security number
James E. & Rosalynn Carter
Schedule A Itemized Deductions (Schedule B is on back)
Medical and Dental Expenses (not compensated by insur-
Contributions (See page 16 of Instructions for examples.)
ance or otherwise) (See page 14 of Instructions.)
21 a Cash contributions for which you have
1 One-half (but not more than $150) of in-
receipts, cancelled checks or other
surance premiums for medical care. (Be
sure to include in line 10 below)
150
00
written evidence
38,520
00
2 Medicine and drugs
b Other cash contributions. List donees
3 Enter 1% of line 31, Form 1040
and amounts.
From Trust 58-1279284
4 Subtract line 3 from line 2. Enter differ-
31
00
ence (if less than zero, enter zero)
5 Enter balance of Insurance premiums for
medical care not entered on line 1
6 Enter other medical and dental expenses:
a Doctors, dentists, nurses, etc.
b Hospitals
C Other (itemize-include hearing aids,
22 Other than cash (see page 16 of instruc-
dentures, eyeglasses, transportation,
tions for required statement)
etc.)
23 Carryover from prior years
24 Total contributions (add lines 21a through
23). Enter here and on line 36
38,551
00
Casualty or Theft Loss(es) (See page 16 of Instructions.)
25 Loss before insurance reimbursement
26 Insurance reimbursement
27 Subtract line 26 from line 25. Enter dif-
ference (if less than zero, enter zero)
7 Total (add lines 4 through 6c)
28 Enter $100 or amount on line 27, which-
8 Enter 3% of line 31, Form 1040
ever is smaller
9 Subtract line 8 from line 7 (if less than
29 Casualty or theft loss (subtract line 28
zero, enter zero)
from line 27). Enter here and on line 37
10 Total (add lines 3 and 9). Enter here and
Miscellaneous/Deductions (See page 16 of Instructions.)
on line 33
150
00
30 Union dues
STaxes (See page 14 of Instructions.)
31 Other (itemize)
11 State and local income
22,830
00
Professional Services
7.997
21
12 Real estate
574
36
13 State and local gasoline (see gas tax tables)
14 General sales (see sales tax tables)
399
00
15 Personal property
32 Total (add lines 30 and 31). Enter here
16 Other (itemize)
and on line 38
7,997
21
Intangibles Tax
32
23
Summary Deduction
(See page 17 of Instructions.)
33 Total medical and dental-line 10
150
00
17 Total (add lines 11 through 16). Enter
34 Total taxes-line 17
23,835
59
here and on line 34
23,835
59
35 Total interest-line 20
Interest pense (See page 16 of Instructions.)
36 Total contributions-line 24
38,551
00
18 Home mortgage
37 Casualty or theft loss(es)-line 29
19 Other (itemize)
38 Total miscellaneous-line 32
7,997
21
39 Total deductions (add lines 33 through 38).
70,533
80
40 If you checked Form 1040, box:
2 or 5, enter $3,200
1 or 4, enter $2,200
3, enter $1,600
3,200
00
41 Excess itemized deductions (subtract line
40 from line 39). Enter here and on Form
1040, line 33. (If line 40 is more than line
20 Total (add lines 18 and 19). Enter here
39 see "Who MUST Itemize Deductions"
and on line 35
on page 11 of the Instructions.)
67,333
SO
PRESERVATION COPY
Schedules A&B (Form 1040) 1977
Schedule B-Interest and Dividend Income
Page 2
Name(s) as shown on Form 1040 (Dc not enter name and social security number if shown on other side)
Your social security number
James E. & Rosalynn Carter
66
#Part
Interest Income
Partil Dividend Income
I If you received more than $400 in interest, complete Part 1.
3 If you received more than $400 in gross dividends (including
Interest includes earnings from savings and loan associations,
capital gain distributions) and other distributions on stock,
mutual savings banks, cooperative banks, and credit unions
complete Part II (see Note below and page 17 of instructions).
as well as interest on bank deposits, bonds, tax refunds, etc.
(List payers and amounts-write (H), (W), (J). for stock held
Interest also includes original issue discount on bonds and
by husband, wife, or jointly.)
other evidences of indebtedness (see page 17 of Instructions).
(List payers and amounts.)
Charles H. Kirbo - Trustee (H)
114,282
86
John Hancock Mutual Life
52
80
Citizens Bank of Americus
5,971
61
Union 1st National Bank
869
81
White House Federal Credit Union
32
27
Charles H. Kirbo, Trustee
588
93
4 Total of line 3
114,282
86
5 Capital gain distribu-
tions (see page 18 of
Instructions. Enter
here and on Schedule
D, line 7). See Note
below
6 Nontaxable distribu-
tions (see page 18 of
instructions)
7 Total (add lines 5 and 6)
-0-
8 Dividends before exclusion (subtract line
2 Total interest income. Enter here and
7 from line 4). Enter here and on Form
on Form 1040, line 9
7,515
42
1040, line 10a
114,282
86
Note: If you received capital gain distributions and do not need Schedule D to report any other gains or losses or to compute
the alternative tax, do not file that schedule. Instead, enter 50 percent of capital gain distributions on Form 1040,
line 15.
"Parbill"
Foreign Accounts and Foreign Trusts
If you are required to list interest in Part / or dividends in Part 11, OR if you had a foreign account or were a grantor of,
or a transferor to a foreign trust, you must answer both questions in Part III. (See page 18 of Instructions.)
1 Did you, at any time during the taxable year, have any interest in or signature or other authority over a bank,
securities, or other financial account in a foreign country (except in a U.S. military banking facility operated by a
U.S. financial institution)?
Yes
No
If "Yes," see page 3 of instructions.
2 Were you the grantor of, or transferor to, a foreign trust during any taxable year, which foreign trust was in
PRESERVATION COPY
being during the current taxable year, whether or not you have any beneficial interest in such trust?
Yes
No
If "Yes," you may be required to file Forms 3520, 3520-A, or 926.
CRICKET TF 6527
CAPITAL GAIN OR LOSS- SECURITIES
b6
Name
James E. Carter, Jr.
Social Security or Identification Number
Address
Year ending
Dec.
19 77
How
Cost or
SHORT TERM
LONG TERM
Net
Other Bosis
Loss thon 5 months
More than 5 months
Acquired
Kind of
Description
(Uso
Date
Date
wrass
Expanse
Property
Symbol)
Acquired
Sold
Salos Price
of Sale
GAIN
LOSS
GAIN
LOSS
Stock
AAA Enterprises
1969
1-3-77
1
00
1
00
500 Richs, Inc. (Merged)
425 Fed. Dept. Stores
1972
1-3-77
20,401
21
20,550
70
149
49
706.06 Advance Investors
1973
1-77
10,595
38
10,570
09
225.92
11
11
1974
2,170
35
2,505
19
24.02
11
11
1975
225
59
14.27
"
11
1976
134
54
30 Coca Cola
11-23-73
1-3-77
7,778
37
4,059
08
10 Coca Cola
5-7-73
1,383
88
3,986
84
60 Coca Cola
5-17-74
6,322
25
38,775
96
45.416
48
4
TOTALS
1
00
6,641
52
SYMBOL S:
A - Open Market
Subtract Smaller from Larger
1
00
B - Stock Option, otc.
Gain or Losses remaining
Loss
6,640
52
C. Inheritance or Gift
D - Carryover Assot bosis
Loss: Capital Loss Corryover (Remaining balance prior years)
E. Other
Not Goin or Loss
... PSK SHIENEY PUBLISHING CO.
PRESERVATION COPY
SCHEDULE D
Capital Gains and Losses (Examples of property to be reported on this
(Form 1040)
Schedule are gains and losses on stocks, bonds, and similar Investments, and gains (but not
losses) on personal assets such as a home or jewelry.)
1977
Department of the Treasury
Internal Revenue Service
Attach to Form 1040.
See Instructions for Schedule D (Form 1040).
Name(s) as shown on Form 1040
Social security number
56
James E. & Rosalynn Carter
Short-term Capital Gains and Losses-Assets Held Not More Than 9 Months
D
b. Date
C. Date
D. Cost or other basis,
2. Kind of property and description
acquired
sold
d. Cross sales price
as adjusted (see
f. Galn DI (lass)
(Example, 100 shares of "2" Co.)
(Mo., day, yr.)
(Mo., day, yr.)
Instruction F) and
(d less e)
expense of sale
1
2 Enter your share of net short-term gain or (loss) from partnerships and fiduciaries
2
3 Enter net gain or (loss), combine lines 1 and 2
3
4 Short-term capital loss carryover attributable to years beginning after 1969 (see Instruction 1)
4
(
)
5 Net short-term gain or (loss), combine lines 3 and 4
5
Partibs
Long-term Capital Gains and Losses-Assets Held More Than 9 Months
6
Loss on Sale of Stock
See Schedule Attached
(6,640
52)
7 Capital gain distributions
7
8 Enter gain, if applicable, from Form 4797, line 4(a)(1) (see Instruction A)
8
9 Enter your share of net long-term gain or (loss) from partnerships and fiduciaries
9
2,994
03
10 Enter your share of net long-term gain from small business corporations (Subchapter S)
10
11 Net gain or (loss), combine lines 6 through 10
11
(3,646
49)
12 Long-term capital loss carryover attributable to years beginning after 1969 (see Instruction 1)
12
(
)
13 Net long-term gain or (loss), combine lines 11 and 12
13
(3,646
49)
Partlib
Summary of Parts I and II (If You Have Capital Loss Carryovers From Years
Beginning Before 1970, Do Not Complete This Part. See Form 4798 Instead.)
14 Combine lines 5 and 13, and enter the net gain or (loss) here
14
(3,646
49)
15 If line 14 shows a gain-
a Enter 50% of line 13 or 50% of line 14, whichever is smaller (see Part IV for computation of
alternative tax). Enter zero if there is a loss or no entry on line 13
15a
Note: If the amount you enter on line 15a is other than zero, you may be liable for minimum tax.
See Form 4625 and instructions.
b Subtract line 15a from line 14. Enter here and on Form 1040, line 14
15b
16 If line 14 shows a loss-
a Enter one of the following amounts:
(i) If line 5 is zero or a net gain, enter 50% of line 14;
(ii) If line 13 is zero or a net gain, enter line 14; or,
(iii) If line 5 and line 13 are net losses, enter amount on line 5 added to 50% of amount on
line 13
16a
(1,823
24)
b Enter here and enter as a (loss) on Form 1040, line 14, the smallest of:
(i) The amount on line 16a;
(ii) $2,000 ($1,000 if married and filing a separate return); or,
(iii) Taxable income, as adjusted (see Instruction J)
16b
(
1,823
24)
PRESERVATION COPY
Note: If the amount on line 16a is larger than the loss shown on line 16b, complete Part V to determine Post-1959 Capital
Loss Carryovers from 1977 to 1978.
SCHEDULE E
Supplemental Income Schedule
(Form 1040)
1977
Department of the Treasury
(From pensions and annuities, rents and royalties, partnerships, estates and trusts, etc.)
Internal Revenue Service
Attach to Form 1040.
See Instructions for Schedule E (Form 1040).
Name(s) as shown on Form 1040
Your social security number
James E. & Rosalynn Carter
Part ber
Pension and Annuity Income. If fully taxable, do not complete this part. Enter amount on Form 1040, line 17.
For one pension or annuity not fully taxable, complete this part. If you have more than one pension or annuity that is
not fully taxable, attach a separate sheet listing each one with the appropriate data and enter combined total of taxable
portions on line 5.
1 Name of payer
2 Did your employer contribute part of the cost?
Yes
No
If "Yes," is your contribution recoverable within 3 years of the annuity starting date?
Yes
No
If "Yes," show: Your contribution $
Contribution recovered in prior years
2
3 Amount received this year
3
4 Amount excludable this year
4
5 Taxable portion (subtract line 4 from line 3)
5
Rent and Royalty Income. If you need more space, use Form 4831.
Have you claimed expenses connected with your vacation home rented to others?
Yes
No
(c) Total amount
(d) Depreciation (explain
(a) Kind and location of property
(b) Total amount
(0) Other expenses
balow) or depletion
If residential, also write "R"
of rents
of royalties
(Repairs, etc.
(attach computation)
explain below)
Broadman Press
137,404.69
6 Totals
7 Net income or (loss) from rents and royalties (column (b) plus column (c) less columns (d) and (e))
7
8 Net rental income or (loss) (from Form 4831)
8
9 Net farm rental profit or (loss) (from Form 4835)
9
10 Total rent and royalty income (add lines 7. 8, and 9)
10
137,404
69
Partilla
Income or Losses from Partnerships, Estates or Trusts, Small Business Corporations.
Enter in column (b): P for Partnership, E for
Estate or Trust, or S for Small Business Corp.
(c) Employer
(d) Your share of
(f) Additional 1d year
Identification number
gross farming
(e) Income or (loss)
depreciation (applicable
(a) Name
(b)
or fishing Income
only to partnerships)
Charles H Kirbo, Trustee E
58-1279284
(306,271.00)
11 Totals
(306,271.00)
12 Income or (loss). Total of column (e) less total of column (f)
12
(306,271
00)
13 TOTAL (add lines 5, 10, and 12). Enter here and on Form 1040, line 18
13
(168,866
31)
Explanation of Column (e), Part II
Item
Amount
Item
Amount
Item
Amount
Schedule for Depreciation Claimed in Part II above. If you need more space use Form 4562.
(d) Depreciation
(e) Method of
(a) Description of property
(b) Date
(c) Cost or
allowed or allowable
computing
(1) Life or
(g) Depreciation
acquired
other basis
in prior years
depreciation
rate
for this year
1 Total additional first-year depreciation (do not include in items below)
2 Totals
US. GOVERNMENT PRINTING OFFICE 1977-0-235-343 58-040-1110
(Form 1040)
Computation OT Social Security Selr-Empioyment } ax
Department of the Treasury
Each self-employed person must file a Schedule SE.
Attach to Form 1040.
1977
Internal Revenue Service
See Instructions for Schedule SE (Form 1040).
0 If you had wages, including tips, of $16,500 cr more that were subject to social security or railroad retirement taxes, do not fill in
this schedule (unless you are eligible for the Earned Income Credit). See Instructions.
S If you had more than one business, combine profits and losses from all your businesses and farms on this Schedule SE.
Important.-The self-employment income reported below will be credited to your social security record and used in figuring social security benefits.
NAME OF SELF-EMPLOYED PERSON (AS SHOWN ON SOCIAL SECURITY CARD)
Social security number of
James Earl Carter, Jr.
self-employed person
@ If you have only farm income complete Parts I and III. @ If you have only nonfarm income complete Parts II and III.
0 If you have both farm and nonfarm income complete Parts i, II, and III.
Part
Computation of Net Earnings from FARM Self-Employment
You may elect to compute your net farm earnings using the OPTIONAL METHOD, line 3, instead of using the Regular Method, line
2, if your gross profits are: (1) $2,400 or less, or (2) more than $2,400 and net profits are less than $1,600. However, lines 1 and
2 must be completed even if you elect to use the FARM OPTIONAL METHOD.
la
REGULAR METHOD
1 Net profit or (loss) from:
-
a Schedule F, line 54 (cash method), or line 72 (accrual method)
1b
b Farm partnerships
2 Net earnings from farm self-employment (add lines la and b)
2
FARM OPTIONAL METHOD
3 If gross profits
a Not more than $2,400, enter two-thirds of the gross profits
from farming are:
-
b More than $2,400 and the net farm profit is less than $1,600, enter $1,600
3
1 Gross profits from farming are the total gross profits from Schedule F, line 28 (cash method). or line 70 (accrual
method), plus the distributive share of gross prolits from farm partnerships (Schedule K-1 (Form 1065), line
14(b)) as explained in instructions for Schedule SE.
4. Enter here and on line 12a, the amount on line 2, or line 3 if you elect the farm optional method
4
Parti
Computation of Net Earnings from NONFARM Self-Employment
a Schedule C, line 21. (Enter combined amount if more than one business.)
5a
5b
b Partnerships, joint ventures, etc. (other than farming)
(309,588
00)
C Service as a minister, member of a religious order, or a Christian Science
REGULAR METHOD
practitioner. (Include rental value of parsonage or rental allowance fur-
5 Net profit or
nished.) If you filed Form 4361, check here
and enter zero on this
(loss) from:
line
5c
d Service with a foreign government or international organization
5d
(See Form 1040 in-
e Other structions for line 20.) Specify
Royalties
5e
137,404
69
6
6 Total (add lines 5a through e)
(172,183
31)
7
7 Enter adjustments if any (attach statement)
8
8 Adjusted net earnings or (loss) from nonfarm self-employment (line 6, as adjusted by line 7)
(172,183
31)
If line 8 is $1,600 or more OR if you do not elect to use the Nonfarm Optional Method, omit lines 9
through 11 and enter amount from line 8 on line 12b, Part III.
Note: You may use the nonfarm optional method (line 9 through line 11) only if line 8 is less than $1,600 and less
than two-thirds of your gross nonfarm profits, and you had actual net earnings from self-employment of
$400 or more for at least 2 of the 3 following years: 1974, 1975, and 1976. The nonfarm optional method
can only be used for 5 taxable years.
SE
NONFARM OPTIONAL METHOD
9 a Maximum amount reportable, under both optional methods combined (farm and nonfarm)
9a
$1,600
00
b Enter amount from line 3. (If you did not elect to use the farm optional method, enter zero)
9b
C Balance (subtract line 9b from line 9a)
9c
10 Enter two-thirds of gross nonfarm profits or $1,600, whichever is smaller
10
11 Enter here and on line 12b, the amount on line 9c or line 10, whichever is smaller
11
2 Gross profits from nonfarm business are the total of the gross profits from Schedule C, line 3, plus the distribu-
tive share of gross profits from nonfarm partnerships (Schedule K-1 (Form 1065), line 14(b)) as explained in in.
structions for Schedule SE. Also, include gross profits from services reported on line 5c, d, and e, as adjusted
by line 7.
Partills Computation of Social Security Self-Employment Tax
12 Net earnings or (loss): a From farming (from line 4)
12a
b From nonfarm (from line 8, or line 11 if you elect to use the Nonfarm Optional Method)
12b
(172,183
31)
13 Total net earnings or (loss) from self-employment reported on line 12. (If line 13 is less than $400,
you are not subject to self-employment tax. Do not fill in rest of schedule.)
13
(172,183
31)
14 The largest amount of combined wages and self-employment earnings subject to social security or
railroad retirement taxes for 1977 is
14
$16,500
00
15 a Total "FICA" wages (from Forms W-2) and "RRTA" compensation
15a
b Unreported tips subject to FICA tax from Form 4137, line 9 or to RRTA
15b
C Total of lines 15a and b
15c
16 Balance (subtract line 15c from line 14)
16
17 Self-employment income-line 13 or 16, whichever is smaller
17
18 Self-employment tax. (If line 17 is $16,500, enter $1,303.50; if less, multiply the amount on line
17 by .079.) Enter here and on Form 1040, line 48
18
-0-
" U.S. GOVERNMENT PRINTING OFFICE 1977-O-235-353 58-040-1110
SCHEDULE TC
(Form 1040)
Tax Computation Schedule
1977
Department of the Treasury
Internal Revenua Service
Attach to Form 1040.
Name(s) as shown on Form 1040
Your social security number
James E. & Rosalynn Carter
06
Instructions
Part 11.-If you are required to itemize
or more of unearned. income and less
deductions and the zero bracket amount
than $2,200 of earned income if you are
Who Must File.-This schedule is for
on Schedule A, line 40, is more than your
single (less than $1,600 of earned in-
use by taxpayers who cannot use the Tax
itemized deductions on Schedule A, line
come if you are married filing a separate
Tables and for certain taxpayers who
39, you must first complete Part Il to fig.
return),
must itemize deductions. If you must
ure your Tax Table Income. The new zero
itemize and the zero bracket amount on
bracket amount must be adjusted by cer-
Note: If your earned income is more
Schedule A (Form 1040), line 40, is
tain taxpayers who must itemize deduc-
than your itemized deductions on Sched-
more than your itemized deductions on
tions. This computation is necessary be-
ule A, line 39, enter your earned income
Schedule A, line 39, you must complete
cause the zero bracket amount is built
in Part II, line 3, unless you are married
Part II before figuring your tax.
into the Tax Tables and Tax Rate Sched-
filing a separate return and your spouse
Part I.-You must use Part I to figure
ules.
itemizes deductions. (See page 11 of the
your tax instead of using the Tax Tables
if your income on Form 1040, line 34, is
You MUST itemize deductions if:
Instructions for Form 1040 for a defini-
more than $20,000 (more than $40,000
(a) You are married filing a separate
tion of earned income.)
if you are married filing a joint return or
return and your spouse itemizes deduc-
(c) You elect to exclude income from
are a qualifying widow(er)) or if you claim
tions (unless your spouse is described in
sources in United States Possessions
more exemptions than covered in the Tax
paragraph (b) and enters earned income
(see Form 4563 for details), OR
Tables for your filing status.
You will also need to complete Part I if
on Part II, line 3),
(d) You are a dual-status alien (see in-
you figure your tax by using Schedule G
(b) You can be claimed as a dependent
structions for Dual-Status Tax Year on
(Form 1040), Income Averaging.
on your parent's return and have $750
page 4 of Instructions for Form 1040).
Part &
Tax Computation for Taxpayers Who Cannot Use the Tax Tables
Caution: Read the Instructions before completing this Part.
1 Enter your Tax Table Income from Form 1040, line 34
1
121,826
98
2 Multiply $750 by the total number of exemptions claimed on Form 1040, line 7
2
2,250
00
3 Taxable Income. Subtract line 2 from line 1
3
119,576
98
(Figure your tax on the amount on line 3 by using Tax Rate Schedule X, Y, or Z, or
see page 12 of Instructions for Form 1040 for "Other Ways to Figure Your Tax.")
4 Income Tax. Check if from:
Tax Rate Schedule X, Y, or z,
Schedule D,
Schedule G,
or
Form 4726
4
50.638
39
General Tax Credit
5 Enter $35 multiplied For the total number of exemptions claimed on
Form 1040, line 7
5
105
00
Note: If you are married filing a separate return, omit lines 6 through
9 and enter the amount from line 5 on line 10.
6 Enter amount from line 3, above
6
119,576
98
IC
$3,200 if you are married filing a joint return (or a qualifying widow(er))
7 Enter
$2,200 if you are single (or an unmarried head of household)
}
7
3,200
00
8 Subtract line 7 from line 6
8
116,376
98
9 Enter 2 percent of line 8 (but do not enter more than $180)
9
180
00
10 General tax credit. Enter the larger of line 5 or line 9
10
180
00
11 Tax. Subtract line 10 from line 4. Enter the difference (but not less than zero) here and on Form
1040. line 35
11
50,458
39
Partils
Computation of Tax Table Income for Certain Taxpayers Who Must Itemize Deductions
Caution: Read the Instructions before completing this Part.
1 Enter your adjusted gross income from Form 1040, line 31
1
COPY
2 Enter amount from Schedule A, line 40
2
3 Enter amount from Schedule A, line 39. (If you can be claimed as a
dependent on your parent's return, see the Note in the Instructions
for Part II and check the box below line 33 of Form 1040.)
3
4 Subtract line 3 from line 2
4
5 Tax Table Income. ADD lines 1 and 4. Enter here and on Form 1040, line 34. (Do not make an entry
on Form 1040, line 33. Disregard the instruction on Form 1040, line 34, and go to the Note below
line 34.)
5
PRESERVATION
# U.S. GOVERNMENT PRINTING OFFICE: 1977-0-235-308-73-0657115
2106
Employee Business Expenses
Form
1977
Department of the Treasury
Attach to Form 1040.
Internal Revenue Service
66
Your name
Social security number
Occupation in which expenses were incurred
James E. & Rosalynn Carter
President of U.S.
United States of America
Employer's name
Employer's address
Washington, D.C. 20500
automobile will not be considered to have be-
ness. Your "home" for this purpose is your
Instructions
come fully depreciated until the end of such
principal or regular post of duty. You cannot
useful life. However, if at any time during the
deduct the cost of meals on daily trips where
Include all expenses you paid as an employee,
period that you use the automobile for business
you did not need sleep or rest.
or expenses you charged to your employer (for
purposes you computed and deducted the actual
Outside Salesperson.- addition to the
example, through use of credit cards), or ex-
costs of all operating and fixed cost of the auto-
above, an outside salesperson can generally de-
penses for which you received an advance, al-
mobile for business purposes, the useful life of
duct other expenses necessary in sales work,
lowance. or reimbursement.
the automobile to you will be the estimated
for example, selling expenses, stationery, and
Travel and Transportation.-You can deduct
period on which you based your computation of
postage. An outside salesperson is one who does
bus, taxi, plane, train fares, and the cost of
the allowable straight-line depreciation deduc-
all selling away from the employer's place of
using your car in your work.
tion for the year. Thereafter, regardless of
business. If your main duties are service and
If you use your own car for business reasons,
whether you use the actual cost method or the
delivery, such as a milk driver-salesperson, you
you can deduct what it cost you for business
optional method for subsequent taxable years,
are not considered an outside salesperson.
use. Instead of figuring your actual expenses
the automobile will be considered fully depre-
such as gas, oil, repairs, license tags, insurance,
clated at the end of the period estimated to be
Other Business Expenses.-If you itemize de-
ductions on Schedule A, you can also deduct
and depreciation, you may prefer to take a
Its useful life to you.
other business expenses under the heading
standard mileage rate.
The use of the optional method is limited to a
"Miscellaneous deductions." Examples of these
This is figured at 17 cents a mile (15 cents a
self-employed individual or an employee who op-
expenses are dues to unions and professional
mile for taxable years beginning after 1973 and
erates only one automobile at a time for busi-
organizations and the cost of tools, materials,
before 1977) for the first 15,000 miles and 10
ness purposes. If you alternate in using different
etc., that your employer did not pay for.
cents for each mile over 15,000. Add to this
automobiles on different occasions for business
amount the business portion of automobile in-
purposes or replace your automobile during the
Limitations apply to deductions relating to
terest and State and local taxes (other than
year, the standard mileage rate applies to the
the use of your home for business purposes.
gasoline), parking fees, and tolls. (The nonbusi-
combined total business mileage of the auto-
Under these rules, you must use a portion of
ness portion of interest and State and local
mobiles, as if they were one, to arrive at a
your home as an office exclusively on a regular
deduction.
basis in connection with your employer's trade
taxes (including gasoline) may be deducted as
or business and for the convenience of your em-
an itemized deduction if you elect to itemize
The optional method cannot be used if you
ployer to be able to deduct the expenses alloca-
your deductions). For automobiles that have
have claimed depreciation in a prior year using
ble to that portion. For more information, see
been or are considered fully depreciated under
a method other than straight-line (or if you have
Publication 587, Business Use of Your Home.
the straight-line method of depreciation, the
claimed additional first-year depreciation), use
standard mileage rate is 10 cents a mile for all
the automobile for hire, such as taxicabs, or two
There is a limitation on the amount of ex-
business mileage.
or more automobiles used at the same time,
penses that can be deducted for transportation,
such as in fleet operations.
meals, lodging, etc. for attending no more than
To determine if your automobile has been
Use of the optional method will not prevent
two foreign conventions during the taxable year.
fully depreciated under the straight-line method
of depreciation, apply the following rule.
you from claiming an investment credit so long
For a detailed explanation of the rules for
If you use the optional method of computing
as you can properly establish that the useful life
deductions for travel, entertainment, and gift ex-
operating cost of an automobile for the entire
of the automobile is at least 3 years (see Form
penses, see Publication 463, Travel, Entertain-
length of time that you use the automobile for
3468).
ment, and Gift Expenses.
business purposes, such period of time is the
Meals and Lodging.-You can deduct these
Use Form 3903 to compute any moving ex-
actual useful life of the automobile to you. The
If you were temporarily away from home on busi-
pense deduction.
PART I.-Employee Business Expenses Deductible in Computing Adjusted Gross Income on Form 1042, Line 31
1 Airplane, boat, railroad, etc., fares
2 Meals and lodging
3 Automobile expenses (from Part IV)
4 Other (specify) (include expenses not listed on lines 1 through 3 to extent of reimbursement)
Meals 413.31; Gifts 940.62; Flowers 18.00
1,371
93
5
Total of lines I through 4
1,371
93
6 Less: Employer's payments for above expenses (other than amounts included on Form W-2)
7 Excess expenses (line 5 less line 6). Enter here and include on Form 1040, line 23
1,371
93
8 Excess payments (line 6 less line 5). Enter here and include on Form 1040, line 20
PART II -Employee Business Expenses which are Deductible if You Itemize Deductions on Schedule A (Form 1040)
1 Business expenses other than those included above (specify)
2
Total
If you itemize your deductions, deduct under Miscellaneous Deductions, Schedule A (Form 1040).
PART III Additional Information to be Furnished When Claiming a Deduction for Educational Expenses
1 Name of educational institution or activity
2 Address
3 Were you required to undertake this education to meet the minimum educational requirements to qualify in your
employment, trade or business?
Yes
No
4 Will the study program undertaken qualify you for a new trade or business?
Yes
No
5 If your answer to question 3 or 4 is No, state the reason for obtaining the additional education and show the relationship between the
courses taken and your employment during the period
& List the principal subjects studied at the educational institution or describe your educational activity
Form 2106 (1977)
Form
3468
Computation of Investment Credit
1977
Department of the Treasury
Attach to your tax return.
Internal Revenue Service
Name
Identifying number as shown on page 1 of your
tax return
James E. & Rosalynn Carter
b6
1 Use schedule below to list qualified investment in new and used property acquired or constructed and placed in service during
the taxable year; and also list qualified progress expenditures made during the 1977 taxable year and qualified progress expend-
itures made in 1974, 1975, and 1976 taxable years providing a proper election as prescribed in section 46(d)(6) was made for
such prior years. If progress expenditure property is placed in service during the taxable year, do not list qualified progress ex-
penditures for this property. See instruction for line 1.
If 100% investment credit is being claimed on certain ships, check this block.
See Instruction K for details.
Note: Include your share of investment in property made by a partnership, estate, trust, small business corporation, or lessor.
Type of
(1)
(2)
(3)
(4)
Line
property
Life years
Cost or basis
Applicable
Qualified investment
(See instruction G)
percentage
(Column 2 x column 3)
(a)
3 or more but less than 5
33½
New
property
(b)
5 or more but less than 7
662/3
(c)
7 or more
22,442.71
100
22,442.71
Qualified
1974, 1975 and 1976
(d)
7 or more
20
progress
expenditures
1977
(e)
7 or more
60
Used
(f)
3 or more but less than 5
1,860.00
33½
620.00
property
(g)
5 or more but less than 7
(See instructions for
662/3
dollar limitation)
(h)
7 or more
100
2 Qualified investment-add lines 1(a) through (h)
23,062.71
3 10% of line 2
2,306.27
4 7% (4% for public utility property) of certain property (see instruction for line 1)
5 Corporations electing the additional investment credit for contributions to Employee Stock Ownership
Plans-Attach election statement. (See Instruction I and instruction for line 5.)
(a) Additional 1% credit-Enter 1% of line 2
(b) Additional credit not to exceed 5%-Enter allowable percentage times adjusted line 2 (attach
schedule)
6 Carryback and carryover of unused credit(s). See Instruction F--attach computation
7 Tentative investment credit-Add lines 3 through 6
2,306.27
Limitation
8 (a) Individuals-Enter amount from line 37, page 2, Form 1040
(b) Estates and trusts-Enter amount from line 26 or 27, page 1, Form 1041
(c) Corporations-Enter amount from line 9, Schedule J, page 3, Form 1120
}
50,458.39
9 (a) Credit for the elderly (individuals only)
(b) Foreign tax credit
(c) Tax on lump-sum distributions (see instruction for line 9(c))
(d) Possession Tax Credit (corporations only)
(e) Section 72(m)(5) penalty tax
10 Total-Add lines 9(a) through (e)
-0÷
11 Line 3 less line 10
50,458.39
12 (a) Enter amount on line 11 or $25,000, whichever is lesser. (Married persons filing separately, con-
trolled corporate groups, estates, and trusts, see instruction for line 12.)
25,000.00
(b) If line 11 exceeds line 12(a), enter 50% of the excess. (Public utilities, railroads, and airlines, see
Instruction J.)
12,729.19
13 Total-Add lines 12(a) and (b)
37,729.19
14 Investment credit-Amount from line 7 or line 13, whichever is lesser. Enter here and on line 41, Form
1040: line 10(b). Schedule J. page 3, Form 1120; or the appropriate line on other returns
2,306.27
"Schedale"A"
If any part of your investment in line 1 or 4 above was made by a partnership,
estate, trust, small business corporation, or lessor, complete the following
statement and identify property qualifying for the 7% or 10% investment credit.
Name
Property
Address
(Partnership, estate, trust, etc.)
Progress
New
expenditures
Used
Life
years
Charles Kirbo, Trustee
Atlanta, Ga.
$
$22,442.71
$
7+
Charles Kirbo, Trustee
Atlanta, Ga.
1,860.00
3-5
If property is disposed of prior to the life years used in computing the investment credit, see Instruction E.
Form
3468
(1977)
* U.S. GOVERNMENT PRINTING OFFICE 1977-0-235-339 59-040-1110
Form
3903
Moving Expense Adjustment
Department of the Treasury
1977
Internal Revenue Service
Attach to Form 1040.
Name(s) as shown on Form 1040
Social security number
James E. & Rosalynn Carter
66
(a) What is the distance from your former residence to your new
(b) What is the distance from your former residence to your
business location? 650 miles
former business location?
2
miles
(c) If the distance in (a) is 35 or more miles farther than the distance in (b), complete the rest of this form. If the distance is less than 35 miles, you are
not entitled to a moving expense deduction. (See instruction A.) This rule is not applicable to members of the armed forces.
I Transportation expenses in moving household goods and personal effects
1
215
34
2 Travel, meals, and lodging expenses in moving from former to new residence
2
3 Pre-move travel, meals, and lodging expenses in searching
for a new residence after obtaining employment
3
4 Temporary living expenses in new location or area during
any 30 consecutive days after obtaining employment
4
5 Total (Add lines 3 and 4.)
5
6 Enter the lesser: Line 5 or $1,500 ($750 if married, filing a separate return, and
you resided with your spouse who also started work during the taxable year)
6
7 Expenses incident to: (Check one.)
(a)
sale or exchange of your former residence; or,
(b)
if nonowner, settlement of your unexpired lease on former residence
7
8 Expenses incident to: (Check one.)
(a)
purchase of a new residence; or,
(b)
if renting, acquiring a new lease
8
9 Total (Add lines 6, 7, and 8.)
9
Note: Amounts on lines 7(a) and 8(a) not deducted because of the $3,000 (or $1,500) limitation may
generally be used either to decrease the gain on the sale of your residence, or to increase the
basis of your new residence.
10 Enter the lesser: Line 9 or $3,000 ($1,500 if married, filing a separate return, and you resided with
your spouse who also started work during the taxable year). (See Instruction C(2).)
10
11 Total moving expenses (Add lines 1, 2, and 10.)
I1
215
34
12 Reimbursements and allowances received for this move (other than amounts included on Form W-2)
(See instruction L.)
12
-0-
13 If line 12 is less than line 11, enter the difference here and on Form 1040, line 22
I:
215
34
14 If line 12 is larger than line 11, enter the excess here and on Form 1040, line 20, as "Excess moving
reimbursement"
14
Instructions
A. Who May Deduct Moving Expenses.-
shortest of the more commonly traveled
B. The 39 Week/78 Week Test.-Disre-
As an employed or a self-employed person,
routes between those points.)
gard the 39 week/78 week test referred to
you may deduct reasonable moving ex-
in instruction A if employment is termi-
penses paid or incurred during the taxable
Also, the deduction is allowable only if
nated because of death, disability, involun-
year in connection with a move you make
either (a) during the 12 months immedi-
tary separation (other than for willful mis-
to a new principal work place.
ately following your arrival in the general
conduct), or transfer for the employer's
location of your new principal work place
benefit.
The deduction is allowable to you only
you are a full-time employee during at least
If you have not satisfied the 39 week/78
if (a) your change in job location has added
39 weeks, or (b) during the 24 months
week test before time for filing your return
at least 35 miles to the distance from your
old residence to your work, or (b) if you had
immediately following such arrival you are
for the taxable year in which you paid or
incurred the moving expenses, but believe
no former principal work place, your new
a full-time employee or self-employed on a
you will later satisfy it, you may still deduct
principal work place is at least 35 miles
full-time basis during at least 78 weeks, of
those expenses in the year you paid or in-
from your former residence. (The distance
which not less than 39 weeks are during the
curred them.
between two points is considered to be the
12 months following your arrival.
(Continued on back)
Form
3903
(1977)
Form
4625
Computation of Minimum Tax
1977
Department of the Treasury
Attach to Form 1040
Internal Revenue Service
Name(s) as shown on Form 1040
Your social security number
James E. & Rosalynn Carter
99
1 Tax Preference Items.
File this form if the total of tax preference items (line 2) is more than $10,000 ($5,000 if married
filing separately) even though you owe no minimum tex, OR if you have any minimum tax liability
deferred from a prior taxable year until this year. If this is a short period return, see instructions
for line 8. Caution: See "Limitations on amounts treated as tax preference items in certain cases"
in instructions.
(a) Adjusted itemized deductions
(b) Accelerated depreciation on real property:
(1) Low-income rental housing under section 167(k)
(2) Other real property
776
76
(c) Accelerated depreciation on personal property subject to a lease
2,472
51
(d) Amortization of certified pollution control facilities
(e) Amortization of railroad rolling stock
(f) Amortization of on-the-job training facilities
(g) Amortization of child care facilities
(h) Reserves for losses on bad debts of financial institutions
(i) Stock options
(j) Depletion
(k) Capital gains
(1) Intangible drilling costs
2 Total tax preference items (add lines 1(a) through 1(1))
3,249
27
3 Amount from Form 1040, line 47°
48,152
12
4 Tax from recomputing prior-year investment credit
-0-
5 Tax from recomputing prior-year Work Incentive (WIN) credit
-0-
6 Tax on premature redemption of Individual Retirement Bond(s)
-0-
7 Add lines 3 through 6
48,152
12
8 Enter the larger of: (a) one-half of the amount on line 7, or (b) $10,000 ($5,000 if married filing
separately)
24,076
05
9 Subtract line 8 from line 2 (if zero or less, enter zero)
-0-
10 Multiply amount on line 9 by 15% and enter result
11 Enter amount of any 1977 net operating loss carryover to 1978 (at-
tach statement showing computation)
12 Multiply amount on line 11 by 15% and enter result
13 Deferred minimum tax-enter amount from line 10 or line 12, whichever is smaller
14 Minimum Tax. Subtract line 13 from line 10
15 Enter minimum tax deferred from prior year(s) until this year (attach statement showing com-
putation)
16 Total minimum tax. Add lines 14 and 15
17 Excess tax credits. See instructions for line 17 before completing this section. If Form 1040, line 47
is greater than zero this section will not apply; omit lines 17(a) through 18 and enter the amount
from line 16 on line 19.
(a) Credit for the elderly
(b) Credit for political contributions
(c) Credit for child care expenses
18 Add lines 17(a) through 17(c)
19 Subtract line 18 from line 16. Enter here and on Form 1040, line 49
-0-
Do not include any tax imposed under sec. 402(e) (ordinary income portion of lump.sum distributions) or any partial tax under sec. 667 (accumulation
distribution by trusts), or any penalty tax under sec. 72(m)(5).
Form
4625
(1977)
PRESERVATION COPY
Form
4726
Maximum Tax on Personal Service Income
Department of the Treasury
Attach to Form 1040 (or Form 1041).
1977
Internal Revenue Service
Name(s) as shown on Form 1040 (or Form 1041)
Identifying number
b6
James E. & Rosalynn Carter
Do not complete this form if-(a) Taxable income or personal service taxable income is:
$40,200 or less, and on Form 1040, you checked box 1 or box 4,
$55,200 or less, and on Form 1040, you checked box 2 or box 5,
$26,000 or less and this is an Estate or Trust return (Form 1041);
(b) You elected income averaging; or
(c) On Form 1040, you checked box 3.
A-Personal Service Income
B-Deductions Against Personal Service Income
Salary & Expense Allowance
236,458.32
Moving Expenses
215.34
Royalties
137,404.69
Business Expenses
1,371.93
Prof. Services
2,160.00
Total personal service income
373,863.01
Total deductions against personal service income
3,747.27
1 Personal service net income-Subtract total amount in column B from total amount in column A
1
370,115.74
2 Enter your adjusted gross income
2
189,160.78
3 Divide the amount on line 1 by the amount on line 2. Enter percentage result here, but not more than
100%
3
100%
4 Enter your taxable income
4
119,576.98
5 Multiply the amount on line 4 by the percentage on line 3
5
119,576.98
6 Enter the total of your 1977 tax preference items
6
3,249.27
7 Personal service taxable income. Subtract line 6 from line 5 (see instructions)
7
116,327.71
8 If: on Form 1040, you checked box 1 or box 4, enter $40,200
on Form 1040, you checked box 2 or box 5, enter $55,200
8
55,200.00
Estate or Trust, enter $26,000
9 -Subtract line 8 from line 7 (if zero or less, do not complete rest of form)
9
61,127.71
10 Enter 50% of line 9
10
30 563.85
11 Tax on amount on line 4 (use Tax Rate Schedule from Form 1040 (or Form
1041) instructions)
11
55,333.72
12 Tax on amount on line 7 (use Tax Rate Schedule from Form 1040 (or Form
1041) instructions)
12
53,319.18
13 Subtract line 12 from line 11
13
2,014.54
14 If the amount on line 8 is: $40,200, enter $13,290 ($12,240 if unmarried head of household)
$55,200, enter $18,060
14
18,060.00
$26,000, enter $9,030
15 Add lines 10, 13, and 14. This is your maximum tax. (See instructions)
15
50,638.39
Computation of Alternative Tax
16 Amount from line 4
16
17 Amount from Schedule D (Form 1040), line 15(a)* (or Form 1041, page 1, line 22)
17
18 Subtract line 17 from line 16
18
If line 17 does not exceed $25,000, check here
and omit lines 19 through 22.
19 Enter amount from line 18 plus $25,000
19
20 Enter amount from line 11
20
21 Tax on amount on line 19 (use Tax Rate Schedule from Form 1040 (or 1041) instructions)
21
22 Subtract line 21 from line 20
22
23 Tax on amount on line 18 (use Tax Rate Schedule from Form 1040 (or 1041) instructions)
23
24 Subtract line 23 from line 11
24
25 Subtract line 24 from line 15
25
26 If the block on line 18 is checked, enter 50% of line 17; otherwise, enter $12,500
26
27 Alternative tax, add lines 22 (if applicable), 25 and 26. (See instructions)
27
, If you reported capital gain distributions but did not use Schedule D (Form 1040), enter on line 17 the amount shown on Form
1040. line 15.
235-166-1
Form
4726
(1977)
JAMES E. AND ROSALYNN CARTER
b6
YEAR 1977
OTHER INCOME:
Transportation Furnished to Family Members
$3,281.00
PRESERVATION COPY
FORM 500 ES
GEORGIA
DECLARATION OF ESTIMATED INCOME TAX
1978
Or if fiscal year. check block and give date
PLEASE DO NOT WRITE IN THIS SPACE
Fiscal year ending
197
1. YOUR ESTIMATED TAX
16,000
00
GEORGIA INCOME TAX DIVISION
AMOUNT FROM LINE 3 ABOVE
P.O.BOX 38067
ATLANTA, GA. 30334
2. INSTALLMENT DUE NOW
Please check correct block and enter
indicated fractional part of line I
4,000
00
borour Social Security No
Spouse's Social Security No
X
Apr 15-1/4
Sep 15-1/2
Jun 15-1/3
Jan 15 All
I Last name
Your first name and initial Spouse's first name if this is a joint return
3. OVERPAYMENT FROM1977
PRINT OR TYPE
RETURN WHICH YOU DESIRE
4,000
00
Carter,
James E. & Rosalynn
CREDITED ON THIS ESTIMATE
2 Present address number and street or rural route
4 AMOUNT PAID WITH THIS
The White House
DECLARATION
None
3 City or post office
State
County
Zip Code
(Line 2 less line 3. If line 3 exceeds
line 2. enter 0
Washington, D.C.
20500
1 declare under the penalties of perjury that this declaration has been examined by me and to the best of my knowledge and baliaf is a true.
correct and complete declaration.
19
Signature of taxpayer (If this is a 10int declaration, it must be signed by both husband and wife)
(Date)
YOUR CHECK FOR THE FIRST INSTALLMENT MUST ACCOMPANY THIS DECLARATION.
CLIENT'S COPY
PREPARED BY
PERRY, CHAMBLISS, SHEPPARD AND THOMPSON
CERTIFIED PUBLIC ACCOUNTANTS
AMERICUS, GEORGIA
EMBARGOED FOR RELEASE
AFTER THE BRIEFING
April 15, 1980
NO WIRE TRANSMISSION
UNTIL AFTER THE BRIEFING
Office of the White House Press Secretary
THE WHITE HOUSE
This packet contains the following information on the President's
financial affairs:
1. Net worth statement as of December 31, 1979
2. 1979 joint income tax return
JAMES EARL CARTER, JR. AND ROSALYNN CARTER
STATEMENT OF ASSETS AND LIABILITIES
DECEMBER 31, 1979
(UNAUDITED)
Estimated
Cost
Current
Basis
Value
ASSETS
Cash
$ 10,360.67
$ 10,360.67
-
Savings Accounts, Certificates and
Treasury Bills
284,150.66
288,218.72
Cash Value of Life Insurance
54,297.44
54,297.44
U.S. Savings Bonds, Series E
3,225.00
3,630.76
Overpayment of 1979 Income Taxes
16,836.43
16,836.43
Note Receivable from John W. Carter,
Unsecured
50,000.00
50,000.00
Account Receivable
1,952.83
1,952.83
Personal Assets Trust - Note 4
114,955.78
529,332.10
Residence, Plains, Georgia
45,000.00
89,400.00
Lots in Plains, Georgia
1,100.00
10,150.00
Totals
$ 581,878.81
$1,054,178.95
LIABILITIES
Miscellaneous Accounts Payable
$ 2,500.00
$ 2,500.00
U.S. Funds Held for Expenses of
Presidential Office
12,374.60
12,374.60
Provision for Possible Income Taxes on
Unrealized Asset Appreciation - Note 5
-0-
146,000.00
Total Liabilities
$ 14,874.60
$ 160,874.60
Excess of Assets Over Liabilities
$ 567,004.21
$ 893,304.35
JAMES EARL CARTER, JR. AND ROSALYNN CARTER
NOTES TO THE STATEMENT OF ASSETS AND LIABILITIES
DECEMBER 31, 1979
(UNAUDITED)
NOTE 1: The amounts presented in the accompanying statement are based
principally upon the accrual basis method of accounting.
NOTE 2: Estimated market values of real estate are 100% of the fair
market values as determined by county tax assessors except as
to certain commercial real estate other than farm land held
in the personal assets trust, which commercial property is
stated at book value.
NOTE 3: This statement excludes campaign fund assets and liabilities.
NOTE 4: A personal assets trust was created in January, 1977 to isolate
the President from those of his assets which are most likely to
be affected by actions of the federal government. The President
transferred an interest in a partnership to the trust. The
President was responsible as a general partner for obligations
of the partnership. The transfer to the trust did not affect
such responsibility. The amount stated as the cost of the assets
in the personal assets trust represents, in general, the cost of
the properties adjusted for undistributed earnings or incurred
losses.
NOTE 5: If the market values of the assets were realized income taxes
would be payable at an uncertain rate. A provision for such
income taxes has been made at rates in effect for 1980.
Act Nôtice, see page 3 of Instructions
For the year January 1-December 31. 1979. or other lat year beginning
1970. ending
19
Your first name and initial (if joint return, also give spouse's name and initial)
Last name
Your social security number
James E. & Rosalvnn S.
Carter
Present home-address (Number and street, including apartment number, or rural route)
Spouse's social security no.
The White House
b6
City, town or post office, State and ZIP code
Your occupation
President of U.S.
Washington, D.C. 20500
Spouse's occupation
ential
Do you want $1 to go to this fund?
Note: Checking "Yes" will
Yes
No
not increase your tax or
Fund
If joint return, does your spouse want $1 to go to this fund?
Yes
No
reduce your refund.
Status
1
Single
2
Married filing joint return (even if only one had income)
3
Married filing separate return. Enter spouse's social security number above and full name here
4
Head of household. (See page 7 of Instructions.) If qualifying person is your unmarried child, enter child's
name
5
Qualifying widow(er) with dependent child (Year spouse died
19
). (See page 7 of Instructions.)
6a
Yourself
65 or over
Blind
Enter number of
boxes checked
2
b
Spouse
65 or over
Blind
on 6a and b
check
Amy
Enter number
labeled
C First names of your dependent children who lived with you
of children
I
listed
other
d Other dependents:
(3) Number of
(4) Did dependent
(5) Did you provide
they
(2) Relationship
months lived
have income of
more than one-half of
Enter number
(1) Name
in your home
$1,000 or more?
dependent's support?
of other
dependents
Add numbers
entered in
7 Total number of exemptions claimed
boxes above
3
8 Wages, salaries, tips, etc.
8
237.499
98
9 Interest income (attach Schedule B if over $400)
9
22,670
53
attach
of
10a Dividends (attach Schedule B if over $400) 8,181:00 10b Exclusion 100 00
your
W-2
here.
C Subtract line 10b from line 10a
10c
8,081
00
do
not
have
11 State and local income tax refunds (does not apply unless refund
see
is for year you itemized deductions-see page 10 of Instructions)
11
4,837
24
of
12 Alimony received
12
13 Business income or (loss) (attach Schedule C)
13
14 Capital gain or (loss) (attach Schedule D)
14
15 Taxable part of capital gain distributions not
reported on Schedule D (see page 10 of Instructions)
15.
16 Supplemental gains or (losses) (attach Form 4797)
16
17 Fully taxable pensions and annuities not reported on Schedule E
17
18 Pensions, annuities, rents, royalties, partnerships,
estates or trusts, etc. (attach Schedule E)
18
(79,609
52)
check
19 Farm income or (loss) (attach Schedule F)
19
oney
20a Unemployment compensation. Total amount received
here.
b Taxable part, if any, from worksheet on page 10 of Instructions
20b
21 Other income (state nature and source-see page 10 of Instructions)
Transportation Furnished
21
2,048
00
22 Total income. Add amounts in column for lines 8 through 21
22
195.527
23
23 Moving expense (attach Form 3903 or 3903F)
23
stments
come
24 Employee business expenses (attach Form 2106)
24
1,703
46
25 Payments to an IRA (see page 11 of Instructions)
25
26 Payments to a Keogh (H.R. 10) retirement plan
26
27 Interest penalty on early withdrawal of savings
27
28 Alimony paid (see page 11 of Instructions)
28
29 Disability income exclusion (attach Form 2440)
29
30 Total adjustments. Add lines 23 through 29
30
1,703
46
31 Adjusted gross income. Subtract line 30 from line 22. If this line is less than
Income
$10,000, see page 2 of Instructions. If you want IRS to figure your tax, see page 4
of Instructions
31
193,823
77
GOVERNMENT PRINTING OFFICE 1979-O-283-337 58-040-1110
Form
1040
(1979)
Form 1040 (1979)
Page
32 Amount from line 31 (adjusted gross income)
32
193,823
77
Tax
33 If you do not itemize deductions, enter zero
}
33
43,090
64
Compu-
tation
If you itemize, complete Schedule A (Form 1040) and enter the amount from Schedule A, line 41
Caution: If you have unearned income and can be claimed as a dependent on your
(See
parent's return, check here
and see page 12 of the Instructions. Also see page 12
Instruc-
tions on
of the Instructions if:
page 12)
You are married filing a separate return and your spouse itemizes deductions, OR
You file Form 4563, OR
You are a dual-status alien.
34 Subtract line 33 from line 32. Use the amount on line 34 to find your tax from the Tax
Tables, or to figure your tax on Schedule TC, Part I
34
150,733
13
Use Schedule TC, Part 1. and the Tax Rate Schedules ONLY if:
Line 34 is more than $20,000 ($40,000 if you checked Filing Status Box 2 or 5), OR
You have more exemptions than are shown in the Tax Table for your filing status, OR
You use Schedule G or Form 4726 to figure your tax.
Otherwise, you MUST use the Tax Tables to find your tax.
35 Tax. Enter tax here and check if from
Tax Tables or
X
Schedule TC
35
65,044
81
36 Additional taxes. (See page 12 of Instructions.) Enter here and check if from
Form 4970,
36
Form 4972,
Form 5544,
Form 5405, or
Section 72(m)(5) penalty tax
}
37 Total. Add lines 35 and 35
37
65,044
81
38 Credit for contributions to candidates for public office
38
100
00
Credits
39 Credit for the elderly (attach Schedules R&RP)
39
40 Credit for child and dependent care expenses (Form 2441)
40
41 Investment credit (attach Form 3468)
41
42 Foreign tax credit (attach Form 1116)
42
43 Work incentive (WIN) credit (attach Form 4874)
43
44 Jobs credit (attach Form 5884)
44
45 Residential energy credits (attach Form 5695)
45
46 Total credits. Add lines 38 through 45
46
100
00
47 Balance. Subtract line 46 from line 37 and enter difference (but not less than zero)
47
64,944
81
Other
48 Self-employment tax (attach Schedule SE)
43
49a Minimum tax. Attach Form 4625 and check here
49a
Taxes
49b Alternative minimum tax. Attach Form 6251 and check here
49b
(Including
Advance
50 Tax from recomputing prior-year investment credit (attach Form 4255)
50
EIC
51a Social security (FICA) tax on tip income not reported to employer (attach Form 4137)
51a
Payments)
51b Uncollected employee FICA and RRTA tax on tips (from Form W-2)
51b
52 Tax on an IRA (attach Form 5329)
52
53 Advance earned income credit payments received (from Form W-2)
53
54 Total. Add lines 47 through 53
54
64,944
81
55 Total Federal income tax withheld
55
67,148
40
Payments
56 1979 estimated tax payments and credit from 1978 return
56
14,500
00
Attach
57 Earned income credit. If line 32 is under $10,000, see
Forms W-2,
W-2G, and
page 2 of Instructions
57
W-2P
to front.
58 Amount paid with Form 4868
58
59 Excess FICA and RRTA tax withheld (two or more employers)
59
60 Credit for Federal tax on special fuels and oils (attach
Form 4136 or 4136-T)
60
61 Regulated Investment Company credit (attach Form 2439)
61
62 Total. Add lines 55 through 61
62
81,648
40
Refund
63 If line 62 is larger than line 54, enter amount OVERPAID
63
16,703
59
64 Amount of line 63 to be REFUNDED TO YOU
64
16,703
59
or Balance
65 Amount of line 63 to be credited on 1980 estimated tax
65
Due
66 If line 54 is larger than line 62, enter BALANCE DUE. Attach check or money order for full amount
payable to "Internal Revenue Service." Write your social security number on check or money order
66
(Check
if Form 2210 (2210F) is attached. See page 15 of Instructions.)
$
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my
knowledge and belief, it is true. correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer
has any knowledge.
Please Sign Here
Your signature
Date
Spouse's signature (if filing jointly. BOTH must sign even it only one had income)
Preparer's
Check if
Preparer's social security no.
signature
self-em-
Paid
Preparer's
Information
and date
ployed
Firm's name (or
E.I. No.
yours. if self-employed)
and address
ZIP code
(Form 1040)
Interest and Dividend Income
Department or the Treasury
Internal Revenue Service
Attach to Form 1040.
See Instructions for Schedules A and B (Form 1040).
08
Name(s) as shown on Form 1040
Your social security number
James E. & Rosalynn S. Carter
Schedule A-Itemized Deductions (Schedule B is on back)
Medicalsand Dentals
(not paid or reimbursed by
Contributions:
(See page 17 of Instructions.)
insurance or otherwise) (See page 16 of Instructions.)
21 a Cash contributions for which you have
1 One-half (but not more than $150) of in-
receipts, cancelled checks, or other
surance premiums you paid for medical
written evidence
15,438
50
care. (Be sure to include in line 10 below.)
150
00
b Other cash contributions (show to
2 Medicine and drugs
whom you gave and how much you
3 Enter 1% of Form 1040, line 31
gave)
4 Subtract line 3 from line 2. If line 3 is
more than line 2. enter zero
5 Balance of insurance premiums for medi-
cal care not entered on line 1
6 Other medical and dental expenses:
a Doctors, dentists, nurses, etc.
b Hospitals
22 Other than cash (see page 17 of instruc-
C Other (itemize-include hearing aids,
tions for required statement)
dentures, eyeglasses, transportation,
23 Carryover from prior years
etc.)
24 Total contributions (add lines 21a through
23). Enter here and on line 36
15,438
50
Casualty (See page 18 of Instructions.)
25 Loss before insurance reimbursement
26 Insurance reimbursement
27 Subtract line 26 from line 25. If line 26
is more than line 25, enter zero
28 Enter $100 or amount from line 27,
whichever is smaller
7 Total (add lines 4 through 6c)
29 Total casualty or theft loss(es) (subtract line
8 Enter 3% of Form 1040, line 31
28 from line 27). Enter here and on line 37
9 Subtract line 8 from line 7. If line 8 is
Miscellaneous Deductions
(See page 18 of Instructions.)
more than line 7, enter zero
30 Union dues
10 Total medical and dental expenses (add
31 Other (itemize)
Postage
15
53
lines 1 and 9). Enter here and on line 33
150
00
Fees & Expenses of Personal
(See page 16 of Instructions.)
Assets Trust
1,578
73
Note: Gasoline taxes are no longer deductible.
Professional Services
11,690
69
11 State and local income
13,323
38
Dues
15
75
12 Real estate
238
85
13 General sales (see sales tax tables)
454
00
32 Total miscellaneous deductions (add
14 Personal property
28
66
lines 30 and 31). Enter here and on line 38
13.300
70
15 Other. (itemize)
Summary Itemized eductions
(See page 18 of Instructions.)
C. H. Kirbo, Trustee
369
81
33 Total medical and dental-from line 10
150
00
16 Total taxes (add lines 11 through 15).
34 Total taxes-from line 16
14,414
70
Enter here and on line 34
14,414
70
35 Total interest-from line 20
3,186
74
-Interest-
Expense
(See page 17 of Instructions.)
36 Total contributions-from line 24
15,438
50
17 Home mortgage
37 Total casualty or theft loss(es)-from line 29
18 Credit and charge cards
45
04
38 Total miscellaneous-from line 32
13,300
70
19 Other (itemize)
39 Add lines 33 through 38
46,490
64
Internal Revenue Service
162
26
40 If you checked Form 1040, Filing Status box:
State of Georgia
32
68
2 or 5, enter $3,400
3,400
00
Form 4952
1 or 4, enter $2,300
2,946
76
3, enter $1,700
41 Subtract line 40 from line 39. Enter here
and on Form 1040, line 33. (If line 40
20 Total interest expense- (add lines 17
is more than line 39, see the instructions
through 19). Enter here and on line 35
3,186
74
for line 41 on page 18.)
43,090
64
PRESERVATION COPY
Name(s) as shown on Form 1040 (Do-notienter name-and social security number if shown on other side)
Your social security number
James E. and Rosalynn Carter
Interest Income
Part
Dividend Income
1. If you received more than $400 in interest, complete Part I and
3 If you received more than $400 in gross dividends (including
Part III. Please see page 9 of the instructions to find out what
capital gain distributions) and other distributions on stock,
interest to report. Then answer the questions in Part III, below.
complete Part II and Part III. Please see page 9 of the instruc-
If you received interest as a nominee for another, or you re-
tions. Write (H). (W). or (J). for stock held by husband, wife,
ceived or paid accrued interest on securities transferred bc-
or jointly. Then answer the questions in Part III, below. If you
tween interest payment dates, please see page 18 of the
received dividends as a nominee fcr another, please see page
instructions.
19 of the instructions.
Name of payer
Amount
Name of payer
Amount
Citizens Bank of Americus
312
96
C. H. Kirbo, Trustee
8,181
00
Union 1st Nat'l
14,730
38
Internal Revenue Service
15
56
White House Credit Union
61
35
John Hancock Life Ins. Co.
80
21.
C. H. Kirbo Trustee
7,470
07
2 Total interest income. Enter here and on
Form 1040, line 9
22,670
53
Part
Foreign Accounts and Foreign Trusts
If you are required to list interest in Part I or dividends in Part II,
4 Total of line 3
8.181
00
OR if you had a foreign account or were a grantor of or a trans-
5 Capital gain distribu-
feror to a foreign trust, you must answer both questions in Part III.
tions. Enter here and on
Please see page 19 of the instructions.
the appropriate line(s) on
Schedule D. See Note
A At any time during the tax year, did you have an
Yes
No
below
interest in or a signature or other authority over a
6 Nontaxable distribu-
bank account, securities account, or other financial
tions
account in a foreign country (see page 19 of instruc-
7 Total (add lines 5 and 6)
-0-
tions)?
8 Dividends before exclusion (subtract line
7 from line 4). Enter here and on Form
B Ware you the grantor of, or transferor to, a foreign
1040, line 10a
8,181
00
trust which existed during the current tax year,
Note: If your capital gain distributions for the year do not include
whether or not you have any beneficial interest in it?
any gains before Nov. 1, 1978, and you do not need Sched-
ule D to report any gains or losses, do not file that sched-
If "Yes," you may have to file Forms 3520, 3520-A,
ule. Instead. enter the taxable part of your capital gain
or 926.
distributions on Form 1040, line 15.
# U.S. GOVERNMENT PRINTING OFFICE: 1979-0-233-343 53-040-1110
?.
1040)
1975
(From pensions and annuities, rents and royallies, partnerships, estates and trusts, etc.)
of the Treasury
Attach to Form 1040.
See Instructions for Schedule E (Form 1040).
13
Revenue Service
Your social security number
s) as shown on Form 1040
James E. and Rosalvnn S. Carter
Pension and Annuity Income. If fully taxable, do not complete this part. Enter amount on Form 1040, line 17.
pension or annuity not fully taxable, complete this part. If you have more than one pension or annuity that is not fully taxable,
2 separate sheet listing each one with the appropriate data and enter combined total of taxable parts on line 4.
Yes
No
Did you and your employer contribute to the pension or annuity?
"Yes," do you expect to get back your contribution within 3 years from the date you receive the first payment?
Yes
No
f "Yes," show: Your contribution
d Contribution received in prior years
Id
$
2
Amount received this year
3
Amount on line 2 that is not taxable
Taxable part (subtract line 3 from line 2). Enter here and include in line 18 below
4
HIME
Rent and Royalty Income or Loss. If you need more space, attach a separate sheet.
Have you claimed expenses connected with your vacation home (or other dwelling unit) rented to others (see Instructions)?
Yes
X
No
F "Yes," did you or a member of your family occupy the vacation home (or other dwelling unit) for more than 14 days during the tax year?
Yes
No
Did you elect to claim amortization (under section 191) or depreciation (under section 167(o)) for a rehabili-
Yes
No
tated certified historic structure (see Instructions)?
Amortizable basis (see Instructions)
(d) Depreciation (ex-
Property
(b) Total amount
(c) Total amount
plain in Part VI)
(e) Other expenses
(f) Loss
(g) Income
(describe
of rents
of royalties
or depletion (st-
(explain in Part YII)
Part v)
tach computation)
1,113.21
1,113.21
Property A.
Property B.
Property C.
Property D.
Property E.
Amounts
from Form
4835
1,113.21
(
)
1,113.21
Totals
Total rent and royalty income or (loss). Combine amounts in columns (f) and (g), line 8. Enter here and
include in line 18 below
9
1,113.21
tile
Income or Losses from
(b) Employer
(c) Loss
(d) Income
identification number
(a) Name
10 Add amounts in columns (c) and (d) and enter here
10
(
)
11
11 Combine amounts in columns (c) and (d), line 10, and enter net income or. (loss)
12
12 Additional first-year depreciation
(
)
13 Total partnership income or (loss). Combine lines 11 and 12. Enter here and include in line 18 below
13
Charles H. Kirbo, Trustee
58-1279284
(17,628.11)
Less Investment Interest Allowable - Limit
(62,448.37)
Property Taxes
( 646.25)
14 Add amounts in columns (c) and (d) and enter here
14
(80,722.73)
15 Total estate or trust income or (loss). Combine amounts in columns (c) and (d), line 14. Enter
here and include in line 18 below
15
(80,722.73)
16 Add amounts in columns (c) and (d) and enter here
16
(
)
17 Total small business corporation income or (loss). Combine amounts in columns (c) and (d),
line 16. Enter here and include in line 18 below
17
ERVATION COPY
TOTAL income or (loss). Combine lines 4, 9, 13, 15, and 17. Enter here and on Form 1040. line 18
18
(79,609.52)
Enter your share of gross farming and fishing income applicable to Parts Il-and III
19
283-064-2
Property reported in Part II
Property Codes
Kind and location of property
A
Royalty from the Broadman Press
B
C
D
E
Part VIB
Depreciation claimed in Part II. If you need more space, use Form 4562.
(b) Date
(c) Cost or
(d) Depreciation
allowed or allow-
(a) Depreciation
(f) Life
(a) Description of property
(8) Depreciation
acquired
other basis
method
or rate
able in prior years
for this year
Total additional first-year depreciation (do not include in items below)
A
Property
Totals (Property A)
Total additional first-year depreciation (do not include in items below)
I
Property
Totals (Property B)
Total additional first-year depreciation (do not include in items below)
C
Property
Totals (Property C)
Total additional first-year depreciation (do not include in items below)
a
Property
Totals (Property D)
Total additional first-year depreciation (do not include in items below)
E
Property
Totals (Property E)
VIP
Expenses claimed in Part II
Expenses
Properties
(Description)
A
B
C
D
E
$
$
$
$
$
Totals
U.
S.
GOVERNMENT
1979
-
283-352
25-1118272
283-064-1
See Instructions for Schedule SE (Form 1040).
ment of the Treasury
31 Revenue Service
Attach to Form 1040.
14
e of self-employed person (as shown on social security card)
Social security number of
James E. Carter
self-employed person
b6
Computation of Net Earnings from FARM Self-employment
ular Method
Net profit or (loss) from:
a Schedule F (Form 1040)
la
1b
2 Farm partnerships
Net earnings from farm self-employment (add lines la and 1b)
2
n Optional Method
If gross profits from farming are:
a Not more than $2,400, enter two-thirds of the gross profits
}
3
b More than $2,400 and the net farm profit is less than $1,600, enter $1,600
Enter here and on line 12a, the amount on line 2, or line 3 if you elect the farm optional method
4
artive
Computation of Net Earnings from NONFARM Self-employment
SE
;ular Method
Net profit or (loss) from:
a Schedule C (Form 1040)
5a
b Partnerships, joint ventures, etc. (other than farming)
5b
(28,306
13)
C Service as a minister, member of a religious order, or a Christian Science practitioner. (Include
rental value of parsonage or rental allowance furnished.) If you filed Form 4361 and have not
revoked that exemption, check here
and enter zero on this line
5c
d Service with a foreign government or international organization
5d
e Other (specify)
Royalties
5e
1,113
21
Total (add lines 5a through 5e)
6
Enter adjustments if any (attach statement, see page 29 of Instructions)
7
Adjusted net earnings or (loss) from nonfarm self-employment (line 6, as adjusted by line 7)
8
(27,192
92)
Note: If line a is $1,500 or more or if you do not elect to use the Nonfarm Optional Method, skip
lines 9 through 11 and enter amount from line 8 on line 12b, Part III.
nfarm Optional Method
a Maximum amount reportable under both optional methods combined (farm and nonfarm)
9a
$1,600
00
b Enter amount from line 3. (If you did not elect to use the farm optional method, enter zero.)
9b
C Balance (subtract line 9b from line 9a)
9c
Enter two-thirds of gross nonfarm profits or $1,600, whichever is smaller
10
Enter here and on line 12b. the amount on line 9c or line 10, whichever is smaller
11
Computation of Social Security Self-employment Tax
Net earnings or (loss):
a From farming (from line 4)
12a
b From nonfarm (from line 8, or line 11 if you elect to use the Nonfarm Optional Method)
12b
(27,192
92)
Total net earnings or (loss) from self-employment reported on lines 12a and 12b. (If line 13 is less
than $400, you are not subject to self-employment tax. Do not fill in rest of schedule)
13
(27,192
92)
The largest amount of combined wages and self-employment earnings subject to social security or
railroad retirement taxes for 1979 is
14
$22,900
00
a Total "FICA" wages (from Forms W-2) and "RRTA" compensation
15a
-0-
b Unreported tips subject to FICA tax from Form 4137, line 9 or to
RRTA
15b
C Add lines 15a and 15b
15c
-0-
Balance (subtract line 15c from line 14)
16
22,900
00
Self-employment income-line 13 or 16, whichever is smaller
17
Self-employment tax. (If line 17 is $22,900, enter $1,854.90; if less, multiply the amount on line 17
by .081.) Enter here and on Form 1040. line 48
18
-0-
* U.S. GOVERNMENT PRINTING OFFICE 1979-O-203-364-E.. #53.070 9359
IEDULE TC
1040)
Tax Computation Schedule
1979
of the Treasury
Attach to Form 1040.
Revenue Service
as shown on Form 1040
Your social-security number
James E. and Rosalynn S. Carter
Computation of Tax for Taxpayers Who Cannot Use the Tax Tables
this part to figure your tax if:
Your income on Form 1040, line 34,
shown in the Tax Table for your filing
is more than $40,000 and you checked
status.
Your income on Form 1040, line 34,
Filing Status Box 2 or 5 on Form 1040.
You figure your tax using Schedule G
than $20,000 and you checked
(Income Averaging) or Form 4726 (Maxi-
Status Box 1, 3. or 4 on Form 1040.
You had more exemptions than were
mum Tax on Personal Service Income).
the amount from Form 1040, line 34
1
150.733
13
fultiply $1,000 by the total number of exemptions claimed on Form 1040, line 7
2
3,000
00
axable income. Subtract line 2 from line 1. (Figure your tax on this amount by using the Tax Rate
chedules or one of the other methods listed on line 4.)
3
147,733
13
hcome tax. Enter tax and check if from:
Tax Rate Schedule X, Y, or Z.
Schedule G, or
Form 4726. Also enter on Form 1040, line 35
4
65,044
81
Computation for Certain Taxpayers Who MUST Itemize Deductions
you are included in one of the
Note: If your earned income is more
line 3. of this schedule. If this is the case,
below, you MUST itemize. If
than your itemized deductions, you don't
don't complete Part 11. Go back to Form
must itemize and the amount on
have to fill in Schedule A. Just enter your
1040, line 33, and enter $0. Then go to
earned income in Part II, line 3, of this
Form 1040, line 34.)
edule A (Form 1040), line 40, is
schedule, unless you are married filing a
C. You file Form 4563 to exclude income
than your itemized deductions
separate return and your spouse itemizes
from sources in U.S. possessions. (Please
Schedule A, line 39, you must com-
deductions. Generally, your earned income
see Form 4563, and Publication 570, Tax
Part 11 before figuring your tax.
is the total of any amounts on Form 1040,
lines 8, 13, and 19. See page 12 of the in-
Guide for U.S. Citizens Employed in U.S.
structions for Form 1040 for more details.
Possessions, for more details.)
MUST itemize your deductions if:
D. You had dual status as a nonresident
B. You are married filing a separate re-
alien for part of 1979, and during the rest
You can be claimed as a dependent
turn and your spouse itemizes deductions.
of the year you were either a resident alien
your parents' return and had interest,
(There is an exception to this rule. You
or a U.S. citizen. However, you don't have
dends, or other unearned income of
don't have to itemize if your spouse must
to itemize if at the end of 1979, you were
or more and had earned income of
itemize only because he or she is de-
married to a U.S. resident or citizen and
than $2,300 if single (less than $1,700
scribed in A and enters earned income in-
file a joint return reporting your combined
arried filing a separate return).
stead of itemized deductions on Part 11,
worldwide income.
the amount from Form 1040, line 31
1
2 or 5, enter $3,400)
you checked Form 1040, Filing Status Box:
1 or 4, enter $2,300
2
3, enter $1,700
the amount from Schedule A, line 39
3
Caution: If you can be claimed as a dependent on your parents' return, see the Note above. Be sure
you check the box below line 33 of Form 1040.
Subtract line 3 from line 2
4
lines 1 and 4. Enter here and on Form 1040, line 34. (Leave Form 1040, line 33 blank. Disregard
instruction to subtract line 33 from line 32. Follow the rest of the instructions for Form 1040,
34.)
5
The example below may help you
$2,300, he must use Part II of Schedule
1 Adjusted gross income
$4,000
complete Part II.
TC. Walter knows that his total itemized
xample-Walter Green, a single indi-
deductions are only $500. Since this is
2 Zero bracket amount for
is claimed as a dependent on his
less than his earned income ($1,500), he
a single individual
$2,300
ents' return. Walter's adjusted gross in-
does not have to complete Schedule A.
3 Earned income
1,500
Form 1040, line 31, is $4,000. Of
Walter enters $2,300. the zero bracket
4 Subtract line 3 from line 2
800
amount, $1,500 was earned income
amount for a single individual, on line 2
a summer job and $2,500 was un-
of Part II and his earned income on line 3.
5 Add lines 1 and 4. Enter here
income that he received as a bene-
He completes Part II as shown below and
and on Form 1040, line 34
$4,800
of a trust. Because Walter is being
enters the total of $4,800 on Form 1040,
as a dependent on his parents' re-
line 34. He then figures his tax using the
Note: If Walter's itemized deductions are
and has unearned income of $1,000
Tax Tables as explained in the instructions
more than his earned income, he must
nore and earned income of less than
for lines 34 and 35 on page 12.
complete Schedule A first.
U.S. GOVERNMENT PRINTING OFFICE: 1979-O-283-367-58-040-1110
2106
Employee Business Expenses
(Please use Form 3903 to figure moving expense deduction.)
1979
of the Treasury
Attach to Form 1040.
Revenue Service
do
Social -security number
Occupation-in-which-expenses- were incurred
name
President of U. S.
James E. Carter
Employer's address
name
U. S. Government
Washington, D. C.
cost of meals you ate on one-day trips, when
Part II.-You can deduct other business ex-
ructions
you did not need sleep or rest.
penses only if (a) your employer did not repay
you, and (b) you itemize your deductions on
this form to show your business ex-
Line 3.-If you use your own car in your
Schedule A (Form 1040). Report these expenses
as an employee during 1979. Include
work. you can deduct the cost of the business
here and under Miscellaneous Deductions on
use. Enter the cost here after figuring it in Parts
Schedule A. Examples are union or professional
IV, V, and VI. Base the cost on your actual
dues and expenses for tools and uniforms. (For
You paid as an employee:
expenses (such as gas, oil, repairs, deprecia-
details. see Publication 529.)
You charged to your employer (such as by
tion) or on a mileage rate.
You can deduct expenses for business use of
card);
The mileage rate is 18½ cents a mile up to
the part of your home that you exclusively and
You received as an advance, allowance, or
15,000 miles. After that, or for all business
consistently use for your work. If you are not
mileage on a fully depreciated car, the rate is
self-employed, your working at home must be
yment.
publications, available free from IRS.
10 cants a mile. (For depreciation, see Publica-
for your employer's convenience. (For business
more information about business expenses:
tion 463.)
use of home, see Publication 587.)
Figure your mileage rate amount and add it to
If you show education expenses in Fart I or
iblication 463, Travel, Entertainment, and
the business part of what you spent on the car
Part II, you must fill out Part 111.
Expenses.
for parking fees, tolls, interest, and State and
local taxes (except gasoline tax).
Part III.-You can deduct the cost of educa-
ublication 529, Miscellaneous Deductions.
tion that helps you keep or improve your skills
Line 4.-If you were an outside salasperson
for the job you have now. This includes educa-
ublication 587, Business Use of Your Home.
with other business expenses, list them on line
tion that your employer, the law, or regulations
ublication 508, Educational Expenses.
4. Examples are selling expenses or expenses
require you to get in order to keep your job or
for stationery and stamps. An outside sales-
your salary. Do not deduct the cost of study
person does all selling outside the employer's
that helps you meet the basic requirements for
1.-You can deduct some business ex-
place of business. A driver-salasperson whose
your job or helps you get a new job. (For edu-
even if you do not itemize your deduc-
main duties are service and delivery. such as
cation expenses, see Publication 508.)
on Scnedule A (Form 1040). Examples are
delivering bread or milk, is not an outside sales.
for travel (except commuting to and
Part V.-If you trade in a car you used in
person. (For cutside salasperson, see Publica-
work). meals. or lodging. List these ex-
business for a new one you also used in busi-
tion 463.)
in Part 1 and use them in figuring your
ness, fill out lines 1 through 15. If you paid
gross income on Form 1040, line 31.
Line 5.-Show other business expenses on
cash for the new car or traded in a car not used
line 5 if your employer repaid you for them. If
in business, fill out only lines IO through 15.
ine 2.-You can deduct meals and lodging
you were repaid for part of them. show here the
Refigure the basis for depreciation each year in
if you were on a business trip away from
amount you were repaid. Show the rest in Part
the future that your percentage of business use
main place of work. Do not deduct the
11.
changes.
RT i.-Employee Business Expenses Deductible in Figuring Adjusted Gross Income on Form 1040, Line 31
ares for airplane, boat, bus, taxicab, train, etc.
leals and lodging
Car expenses (from Part IV, line 21)
Outside salesperson's expenses (see Part I instructions above)
)ther (see Part I instructions above)
Meals for Guests 534. Staff Parties
$639 Gifts 288.96; Refreshments $240.78
1,703
46
Add lines 1 through 5
1,703
46
Imployer's payments for these expenses if not included on Form W-2
Deductible business expenses (subtract line 7 from line 6): Enter here and include on Form 1040, line 24
1,703
46
ncome from excess business expense payments (subtract line 6 from line 7). Enter here and include on
Form 1040. line 21
RT I.-Employee Business Expenses that are Deductible Only if You Itemize Deductions on Schedule A (Form 1040)
Business expenses not included above (list expense and amount)
Total. Deduct under Miscellaneous Deductions, Schedule A (Form 1040)
RT III.-Information About Education Expenses Shown in Part I or Part II
lame of educational institution or activity
ddress
Did you need this education to meet the basic requirements for your job?
Yes
No
Vill this study program qualify you for a new job?
Yes
No
F your answer to question 3 or 4 is No, explain (1) why you are getting the education and (2) what the relationship was between
he courses you took and your job. (If you need more space, attach a statement)
ist your main subjects, or describe your educational activity
Form
2106
(1979)
4625
Computation DT
1979
See instructions on back.
rtment of the Treasury
Revenue Service
Attach to Form 1040.
25
as shown on Form 1040
Your social security number
66
James E. & Rosalynn S. Carter
File this form if the total of tax preference items (line 2) is more than $10,000 ($5,000 if you are mar-
ried filing separately) even though you owe no minimum tax, OR if you have any minimum tax liability
deferred from an earlier tax year until this year. If this is a short-period return, see instructions for line 8.
Tax preference items:
(Note: Adjusted itemized deductions and capital gains are now tax preference items for the alterna-
tive minimum tax. See Form 6251.)
(a) Accelerated depreciation on real property-
(1) Low-income rental housing under section 167(k) or amortization of certified historic struc-
la(1)
tures under section 191
1a(2)
529
59
(2) Other real property
1b
10,186
42
(b) Accelerated depreciation on personal property subject to a lease
(c) Amortization of certified pollution control facilities
1c
1d
(d) Amortization of railroad rolling stock
le
(e) Amortization of on-the-job training facilities
(f) Amortization of child care facilities
If
(g) Reserves for losses on bad debts of financial institutions
1g
1h
(h) Stock options
1i
(i) Depletion
(j) Intangible drilling costs
1j
Total tax preference items. Add lines 1(a) through 1(j)
2
10,716
01
Amount from Form 1040, line 47*
3
64,944
81
Tax from recomputing prior-year investment credit
4
Tax from recomputing prior-year Work Incentive (WIN) credit
5
Tax on premature redemption of Individual Retirement Bond(s)
6
Add lines 3 through 6
7
64,944
81
Enter the larger of: (a) one-half of the amount on line 7, or (b) $10,000 ($5,000 if you are married
filing separately)
8
32,472
40
Subtract line 8 from line 2 (If line 8 is more than line 2, enter zero)
9
-0-
Multiply amount on line 9 by 15%
10
-0-
Enter any 1979 net operating loss carryover to 1980 (attach state-
ment showing computation)
11
Multiply amount on line 11 by 15%
12
Deferred minimum-tax. Enter the amount from line 10 or line 12, whichever is smaller
13
-0-
Minimum tax. Subtract line 13 from line 10
14
-0-
Enter minimum tax deferred from earlier year(s) until this year (attach statement showing com-
putation)
15
-0-
Total minimum tax. Add lines 14 and 15
16
-0-
Excess tax credits. See instructions for line 17 before completing this section. If Form 1040, line 47,
is more than zero, this section will not apply; skip lines 17(a) through 18 and enter the amount
from line 16 on line 19.
(a) Credit for the elderly
17a
(b) Credit for political contributions
17b
(c) Credit for child care expenses
17c
(d) Residential energy credits
17d
Add lines 17(a) through 17(d)
18
-0-
Subtract line 18 from line 16. Enter here and on Form 1040. line 49a
19
-0-
not include any tax from Form 4970, Form 4972, Form 5544, or any penalty tax under sec. 72(m)(5).
Form
4625
(1979)
4726
Maximum Tax on Personal Service Income
1979
See instructions on back.
of the Treasury
Revenue Service
Attach to Form 1040 (or Form 1041).
26
(s) as shown on Form 1040 (or Form 1041)
Identifying number
b6
James E. and Rosalynn S. Carter
complete this form if-(a) Taxable income or personal service taxable income is:
$41,500 or less, and on Form 1040, you checked box 1,
$60,000 or less, and on Form 1040, you checked box 2 or box 5,
$44,700 or less, and on Form 1040, you checked box 4,
$28,300 or less, and this is an Estate or Trust return (Form 1041);
(b) You elected income averaging; or
(c) On Form 1040, you checked box 3.
Personal Service Income
Deductions Against Personal Service Income
lary
200,000
00
Employee Business Expenses,
pense Allowance
37,499
98
Form 2106
1,703
46
yalties
1,113
21
personal service in-
2 Total deductions against personal
1
238,613
19
service income
2
1,703
46
ersonal service net income-Subtract total of line 2 from total of line 1
3
236,909
73
your adjusted gross income
4
193,823
77
the amount on line 3 by the amount on line 4. Enter result as a percentage. If more than 100%,
100%. Round to nearest 4 numbers
5
100
00
your taxable income
6
147,733
13
Jultiply the amount on line 6 by the percentage on line 5
7
147,733
13
the total of your 1979 tax preference items
8
10,716
01
ersonal service taxable income. Subtract line 8 from line 7
9
137,017
12
on Form 1040, you checked box 1, enter $41,500
on Form 1040, you checked box 2 or box 5, enter $60,000
}
10
60,000
00
on Form 1040, you checked box 4, enter $44,700
you are filing Form 1041, enter $28,300
ubtract line 10 from line 9. If line 10 is more than line 9, do not complete rest of form
11
77,017
12
50% of line 11
12
38,508
56
on amount on line 6*
13
72,077
21
on amount on line 9*
14
65,218
96
ubtract line 14 from line 13
15
6,858
25
the amount on line 10 is: $41,500, enter $13,392
$60,000, enter $19,678
}
16
19,678
00
$44,700, enter $13,961
$28,300, enter $9,839
lines 12, 15, and 16. This is your maximum tax
17
65,044
81
Tax Rate Schedules from Form 1040 or Form 1041 instructions.
Form
4726
(1979)
4952
investment
interest
Expense
E
See instructions on back.
1979
artment of the Treasury
mal Revenue Service
Attach to return.
me(s) as shown on return
Identifying number
b6
James E. and Rosalynn S. Carter
nd of return
Individual
Estate
Trust
Interest on Investment Debts Incurred Before December 17, 1969
Note: Use Part I only if you incurred investment interest from the period before December 17, 1969, as well as on or after
that date.
Interest expense on investment debts incurred before December 17, 1969
0
Total net investment income
41,936.24
Line 1
3 Net investment income allocable to the period before December 17, 1969:
x Line 2
Line 1 + Line 7 + Line 15 + Line 23
-0-
1 Subtract line 3 from line 2-Enter here and on line 10(a)
41.936.24
Partzl
Interest on Investment Debts Incurred After September 10, 1975
5 Interest expense on investment debts incurred after September 10, 1975
69,214.30.
5 Carryover-Enter amount from 1978 Form 4952, line 14
-0-
Total investment interest expense (add lines 5 and 6)
69,214.30
3 (a) Individuals enter $10,000 ($5,000 if married filing separately)
10,000.00
(b) Additional limitation (see instructions for line 8)
Estates enter $10,000; trusts enter zero
(a) Total net investment income or line 4 (see instructions)
41,936.24
Line 7
(b)
x line 10(a)
Line 7 + Line 15 + Line 28
31,011.10
1 Excess expenses from "net lease property" (see General Instructions)
-0-
2 Limitation on deduction (add lines 8(a), (b), 9, 10(b) and 11)
41,011.10
3 Allowable investment interest deduction-Enter the smaller of line 7 or line 12 (see instructions)
41.011.10
4 Disallowed investment interest to be carried over to 1980 (subtract line 13 from line 7)
28,203.20
Part:ll
Interest on Investment Debts Incurred Before September 11, 1975, and after December 16, 1969
5 Interest expense on investment debts incurred before September 11. 1975, and after December 16, 1969
24,384.03
5 Individuals enter $25,000 ($12,500 if married filing separately)
25,000.00
7 Estates enter $25,000; trusts enter zero
8 Net investment income (subtract line 10(b) from line 10(a))
10,925.14
9 Excess expenses from "net lease property" (see General Instructions)
Excess net long-term capital gain over net short-term capital loss (see instructions)
1 Tentative limitation (add lines 16 through 20)
35,925.14
Capital gain from line 20. (Limit this gain to extent line 15 is more than the sum of lines 16 through 19.)
-0-
Note: To adjust this gain on Schedule D or Form 4798, see Schedule D instructions.
Subtract line 21 from line 15. If line 21 is more than line 15, enter zero
-0-
4 Additional deduction (50% of line- 23)
-0-
Limitation on deduction (add lines 21 and 24)
35,925.14
Allowable investment interest deduction-Enter the smaller of line 15 or line 25 (see instructions)
24,384.03
Disallowed investment interest to be carried over to 1980 (subtract line 26 from line 15)
-0-
Part V Investment Interest Expense Carryover From Earlier Years-Incurred Before September 11, 1975
Carryover-Enter amounts from 1978 Form 4952, lines 27 and 36
-0-
Enter amount reportable on line 18 plus $25,000*
Enter the larger of amount on line 15 or $25,000
1 Subtract line 30 from line 29. If line 30 is more than line 29, enter zero
2 Enter 50% of line 31
3 Interest deduction limitation (enter the smaller of line 28 or line 32) (see instructions)
4 Interest carryover from earlier years disallowed in 1979 (subtract line 33 from line 28)
5 Enter the capital gain deduction from your 1979 Schedule D or 1979 Form 4798
Interest carryover to 1980 (subtract line 35 from line 34)
$12,500, if married filing separately; zero, if a trust.
Allocation of Allowable Interest:
Form
4952
(1979)
Schedule E
$62,448.37
Schedule A
2,946.76
Total
$65,395.13
THE WHITE HOUSE
WASHINGTON
September 25, 1985
MEMORANDUM FOR DEBBIE HUTTON
OFFICE OF PRESIDENTIAL SCHEDULING
FROM:
JOHN G. ROBERTS 1202
ASSOCIATE COUNSEL TO THE PRESIDENT
SUBJECT:
Appropriateness of Acceptance of Travel
Expenses from the Jackson, Mississippi,
Chamber of Commerce
You have asked if Mary Jo Jacobi may accept reimbursement of
travel expenses from the Jackson, Mississippi Chamber of
Commerce. You have indicated that the Chamber has applied
for a determination of 501 (c) (3) status, but has not yet
received a determination from the Internal Revenue Service.
The statute that permits Federal employees to accept
reimbursement of travel expenses from 501 (c) (3) organiza-
tions is very strictly worded. Reimbursement may be
accepted only from "an organization determined by the
Secretary of the Treasury to be an organization described
in section 501 (c) (3) of title 26 which is exempt from
taxation under section 501 (a) of title 26" (emphasis
supplied). Thus, the critical requirement is a determin-
ation by the Secretary of the Treasury of 501 (c) (3) status.
Without a ruling from the Internal Revenue Service on behalf
of the Secretary, reimbursement or payment may not be
accepted.
I would also note that chambers of commerce typically do
not qualify for 501 (c) (3) status. Chambers of commerce
are specifically classified under section 501 (c) (6) of
the Internal Revenue Code.
For the foregoing reasons, payment of travel expenses
may not be accepted from the Jackson, Mississippi Chamber
of Commerce, unless and until that organization obtains a
determination from the IRS that it is a 501 (c) (3)
organization.
Thank you for raising this matter with us.
ID #.
CU
WHITE HOUSE
CORRESPONDENCE TRACKING WORKSHEET
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/
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(B)
(C)
Subject: Request for expense reimbursement
for mary go Jacobi
ROUTE TO:
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CUHOLL
ORIGINATOR 85,09,25
/ /
Referral Note:
CUATI8
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5.85,09,25
Referral Note:
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/
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S For Signature
F . Furnish Fact Sheet
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to be used as Enclosure
FOR OUTGOING CORRESPONDENCE:
Type of Response = Initials of Signer
Code = "A"
Completion Date = Date of Outgoing
Comments:
Keep this worksheet attached to the original incoming letter.
Send all routing updates to Central Reference (Room 75, OEOB).
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Refer questions about the correspondence tracking system to Central Reference, ext. 2590.
5/81
THE WHITE HOUSE
WASHINGTON
9/24/85
TO:
JOHN ROBERTS
FROM: DEBBIE HUTTON
oigh
RE:
The Jackson, MS, Chamber of
Commerce
October 1, 1985
I have been working with this group
and they want Mary Jo Jacobi to
speak on 10/1 in Jackson. The
Chamber has applied for the 501 (c) (3)
tax-exempt status with the IRS but
has not received it.
Since OPL has no travel money for
Mary Jo, I need to know if she can
legally accept expense reimbursement
from the Chamber when they are in the
process of receiving/applying for
this tax-exempt designation.
Please call me on this so I can
proceed ----- this is only a week away.
Thanks.
THE WHITE HOUSE
washington
9/18/85
TO:
JEAN BELL
FROM: DEBBIE HUTTON
RE:
The Jackson, MS, Chamber of
Commerce
October 1, 1985
I spoke with Keith Hill again today
and told him that Mary Jo would
not be back in the office until tomor-
row and hopefully by Friday she will
have made a decision on this.
If it is yes, how about calling him
directly in MS and working with him -
that way I will get out the middle
man and you can get the back-up letter
from him (if necessary) and other
info for Mary Jo for this 10/1 speak-
ing engagement.
His telephone # is: 601-948-5191. Of
course, if she has to regret I can
call him and tell him that but I would
like to know the final decision that
is made on this one - whatever it is.
Thanks.
9/19 wants to do $ - can they pay
ans. early next inkd, called
Keith, wgb 9/20
9/20 Keith says thinks c/c is when 501(c) (
mulch let me know
thane an answer for him
THE WHITE HOUSE
WASHINGTON 9/17/85
TO:
JEAN BELL
FROM: DEBBIE HUTTON
RE:
Jackson, MS, Chamber of Commerce
October 1, 1985
I spoke with Keith Hill and told him
that Mary Jo had a presidential event
on 10/1 and could not leave DC until
after 2:00-2:15 on the lst.
He told me that there are two flights
available for her on that day -- the
1st (which would be their preference)
is to leave National at 2:30 PM and
arrive Jackson at 4:55. The other
option is to leave National at 4:15
and arrive in Jackson at 7:00 PM (by
the time Mary Jo gets to the Ramada
it will be after the beginning of this
event and she will probably have to
speak at the end of the event -- but
Hill and the Chamber will work it out).
What does Mary Jo think now? OK to
have you coordinate this with Hill
for 10/1? Let me know.
Thanks.
THE WHITE HOUSE
WASHINGTON
9/16/85
TO:
MARY JO JACOBI
FROM:
DEBBIE HUTTON
RE:
Jackson, MS, Chamber of Commerce
October 1, 1985
I spoke with Keith Hill, Executive
Director of the MS GOP, who called
to see if you could speak on the
1st in Jackson at 7:30 PM before the
4-500 people who will be gathering
for the Chamber's event to be held
at the Ramada Coliseum.
He said that they had heard that
you were a good speaker and are
most interested in hearing about
the economy, tax reform. etc. I
told him that I would check with you
and if the date looks good, then a
letter can follow -- I did caution
him that this is late and that you
have alot of outside speaking engage-
ments and breifings coming up but
would try.
What do you think?
appresement mid/i M 10/1 4:15 7:00 34:55
now
THE WHITE HOUSE
WASHINGTON
March 31, 1986
MEMORANDUM FOR THE FILE
FROM:
JOHN G. ROBERTS DDR
SUBJECT:
Costa Rica Trip
I advised both Josh Gilder and Dana Rohrabacher that they could
accept travel expenses from the Concerned Citizens for Democracy
only if they verified that the organization was a 501 (c) (3)
organization. See 5 U.S.C. § 4111. I was unable to verify the
status of the organization myself prior to their departure, but
Rohrabacher advised me at 8:15 a.m. that Gilder had verified
over the weekend that the organization was a 501 (c) (3)
organization.
ID #.
CU
WHITE HOUSE
CORRESPONDENCE TRACKING WORKSHEET
O * OUTGOING
H - INTERNAL
RK
I - INCOMING
Date Correspondence
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/
/
Name of Correspondent:
Josh Delder
MI Mail Report
User Codes: (A)
(B)
(C)
Subject: Casta Rica Trip
ROUTE TO:
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CUHOLL
ORIGINATOR 84,03,27
/ /
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cuat 18
R
86/03/28
S 86,03,28
Referral Note:
ASAP
/ /
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-
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I
Referral Note:
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Referral Note:
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S For Signature
F Furnish Fact Sheet
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to be used as Enclosure
FOR OUTGOING CORRESPONDENCE:
Type of Response = Initials of Signer
Code = "A"
Completion Date = Date of Outgoing
Comments:
BECON02 WWW.GEWER ОИГА
Keep this worksheet attached to the original incoming letter.
Send all routing updates to Central Reference (Room 75, OEOB).
Always return completed correspondence record to Central Files.
Refer questions about the correspondence tracking system to Central Reference, ext. 2590.
5/81
THE WHITE HOUSE
WASHINGTON
March 27, 1986
MEMORANDUM FOR FRED FIELDING
FROM:
JOSH GILDER Josh
SUBJECT:
Costa Rica trip
The Concerned Citizens for Democracy, a non-profit organization
(I believe a 501 (c) (3)), has offered to pay my expenses for a
trip to Costa Rica the week of March 31st. As presently planned,
I will be addressing the Chamber of Commerce there.
I have discussed this with John Roberts who suggested I submit it
to you for approval.