Gov. Rick Perry 2007 Taxes

For the year Jan 1-Dec 31,2007, or other tax year beginning

Label (See instructions on page 12.) Use the IRS label. Otherwise, please print or type.

.

200~

L

Your Ilrst name and initial

~ Last name

A ~

J AME SR.

---!--"'E=R=RY'-----­

If a /Olnt return, spouse's tlrst name and Imtlal

endinG

.

Your social security nurnber

---j--'

Last name

Spouse's social security number

L M. ANITA PERRY H rome address (number and street). II you Ilave a F'.D. box, see page 12. Apt. no. You must enler E 1010 COLORADO ... your SSr'J(s) above.... R ------==-===--=-----------------------------'-------+-='---------=­ E

City, town or post office, state, and ZIP cOde If you have a foreign address. see page 1:'

AUSTIN

Presidential

Election Campaign ~ 1

Filing Status

2 3

Check only one box.

TX

Checking a box below will nol

78701

change your lax

Check here if you, or your spouse if filing Jointly, want $3 to go to this tund (see page 12)

D Single [ 'Tl KJ

D

0

4

Married filing fOlntly (even if only one had Income)

b C

[X]

D

Spouse

.~

Dependents:

(C)

(1) First name

SYDNEY

name here. ~

.. __

I

_

---_·1-

I

Attach Form(s) W-2 here. Also attach Forms W-2G and 1099-R if tax was withhe Id.

If you did not (let a W-2,

see page 19. Enclose, but do nOlattach,any payment. Also, please use Form 1040-V.

8a

Taxable Interest. Attach Schedule B If reqUired

I

~

b Tax-exempt Interest. Do not Include on line 8a 9a Ordinary dividends. Attach Schedule B If reqUired b Qualified diVidends (see page 19) 10

Taxable retunds, credits, or oftsefs of state and local Income taxes

11

Airmony received

12 13

~

l..iIJ.~

~

710001 11·05·07

not ertered above Add numbers

t

8a 9a

~2.L.Q~ --_._-­

c---1-!­ - -

_._------------­

12

~

t reqUired, check here

==J

t.

/;l

111,494. 2,27l.

7

12,493-"-j e---1Q.­

D

c---lL

~._----

.§ 71,359.

14

Olher gains or (losses). Attach Form 4797

15a 16a

IRA distributions Pensions and annuities

16b

-._---------­

17

Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E

17

34 35l.

18

Farm Income or (loss). Attach Schedule F

18

19

Unemployment compensation

19

20a

SOCial security benetits

~

i

16_'!.L

_

14 b Taxable amount b Taxable amount

b Taxable amount (see page 24)

20b

~

22

21

I 20a I Other Income. List type anD amount (see page 24) - - - _ .

22

Add the amounts In tile tar rioht column for lines 7 tllrouoh21. This is vour total income

I

",.1§lJ.. - - - - - - - - _ . _ .. _--­

SEE STATEMENT 1

Adjusted Gross Income

Dependents on Be

257.

"''''0"'' '"co,"' m(''""). AIi"h S,h.",.~o Capital gain or (loss). Attacll Schedule 0 It r

1

(;e~e~~~~\I~~)

~~~~:es ...

d Total number of exemotlons claimed

Income

2

No af Children

on6cwho • lived wllh yae re a lonship 10 y o u . did not live With you due 10 divorce

I

Wages, salaries, tips, etc. Attach Form(s) W-2

Spouse

(31 ,

tMl

~. ---------1t

7

relunc

Quallfylno wldow(el) With dependent child (see paoe 141 Flaxes checked on 6(1 and 60

PERRY~UGlI.1'J~_B~_

If more than lour dependents see page 15.

ar

D

Head ot household (with Qualifying person). It the QualifYing

l - 'Dlependen1's

Dependent's social security number

L as I name

You

person is a child but not your dependent, entel this Cllild's

Married filing separately. Enter spouse's SSN above

and full name here. ~ 5 5a ,..-;] Ll)..J Yourself. If someone can claim you as a dependent, do not check box 6a

Exemptions

D

~

65 000. 1 109 562.

21

23

Educator expenses (see page 26)

24

Certain bUSiness expenses of reserVIsts, performing oNlclals. Attach Form 2106 or 2106-EZ

25

Healfh savings account deduction. Attach Form 8889

25

26

MOVing expenses. Attach Form 3903

26

27

One-half of self-employment tax. Attach Schedule SE Self-employed SEP, SIMPLE, and qualified plans

27

28

art;stS.

and fee-baSIS government

23 24

28

29

Self-employed health insurance deducflon (see page 26)

29

30

Penalty on early withdrawal ot savings

30

31a

Alimony paid

32

IRA deduction (see page 27)

33

Student loan interest deduction (see page 30)

34

Tuition and lees deduotion. Attaoll Form 8917

35

Domestic production activities deduction. Attacll Form 8903

36

Add lines 23 tllrougtl 31a and 32 througll 35

37

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

b Recipient's SSN ~

4 670. 12,082.

31a 32

STMT 5

l.HA For Disclosure, Priv
33

UEE___

I

- -

-

36 ~

37

~

I

16,752. 1,092,810. Form

1040 (cOOl)

Form 1040 (20071

Tax and Credits

l

Standard

Deduction tor ­

• People who checked any box on IlnEo 39a

0'39Dorwho

JAMES R. & M. ANITA PERRY 38 Amount from line 37 (adlusted gross income) D You were born before January 2, 19~3, 39a Cileck if: D Spouse was born before January 2, 19~3,

{

b

I

All others·

Single or Married filing separately, $5.350 Marned filing

JOintly or

Qualifying

wldow(er).

S 10.700 rlead of

householo.

$: .850

D

D

43 44 45

Alternative minimum tax. Attach Form 6251

46 47

Add lines ~~ and ~5 Credit for child and dependent care expenses. Attach Form

I

1

Credit for the elderly or the disabled. Attach Schedule R Education credits. Attach Form 8863

49

50 51

Residential energy credits. Attach Form 5695

50

Foreign tax credit. Attach Form 1116 if required.

51

52

Child tax credit (see page 39). Attach Form 8901 If required

52

55

Credits from: a D Other credits:a D

56 57

Add lines ~7 through 55. TI18se are your total credits Subtract line 56 tram line ~6. If line 56 is more than line

Form 8396 b D Form 3800 b D

~6,

883~

I

1

083,547.

3

43 44

~

enter -0­

60

Additional tax on IRAs, other qualified retirement plans, etc. Attach Form 5329 If required Advance earned Income credit payments from Form(s) W-2, box 9 Household employment taxes. Attach Schedule H Add lines 57 through 62. This is your total tax

399.

45

177,677 • 8,086.

46

185,763.

56 57

80. 185,683.

58

..

aD

Form ~137 b D

Form 8919

Federal Income tax withheld from Forms W-2 and 1099

!~C

9

34tL·

59

~

60

I

61 62

I

63

64

1_4 , 2~

65

39,900...!,

195,023. STATEMENT

9

~

(__61...

8

8 •

I 68

68 69

Additional child tax credit. Attach Form 8812 Amount paid with request for extension to tile (see page 59)

69

70 71

Payments from: a DForm 2~39 b DForm ~136 c D Form 8885 Refundable credit for prior year minimum tax from Form 8801, line 27

70

140

000.

71 ~

Add lines 6~~ 66a, and 67 thr.Q~.QIlll These are your total payments 73 If line 72 is more 1Ilan line 63, subtract line 63 from line 72. ThiS is the amount you overpaid

72

74a Amount of line 73 you want refunded to you. If Form 8888 IS attached, check here

Routing D D Account I

~ b number ~ C 1Yoe CDec'lng SaVings ~ d number 75 Amount of line 73 you want applied to your 2008 estimated tax ~ I 75

I

42

55

- - -

Self-employment tax. Attach Schedule SE

77

086",

54

Unreported social security and Medicare tax from:

You Owe

941>.

lj

53

Form 8859: c D Form Form 8801 c D Form

59

76

,.,~

80.

58

Amount

..

864.

48

J

DIrect depOSit ') See page 59 and f,1I In 74b, 74c. and 74d. or Form 8888.

5

~

I

47

65 2007 estimated tax payments and amount applied from 2006 return If;:Du have' 'L.. 66a Earned income credit (EIC) .. aqualdy,ng child. aHach b Nontaxable combat pay election .. ~ ~ Schedule 67 Excess social security and fler 1 RRTA tax Withheld (see page 59)STM'T

Refund

40 41

~ 2~~

49

63 Payments 64

',41!..

Form ~972 c D Form(s) 8889

48

62

D IE

092,810.

IS

Tax. Check if any tax is from: aD Form(s) 881 ~ b D

61

r

39a I 39b

~

$117,300 or less, multiply $3.~00 by the total number of exemptions claimed on line 6d. If line 38 IS over $117,300, see the worksheet on page 33 Taxable income. Subtract line ~21rom line ~ Lit line ~21s more than Ilfle ~1, enter -0­

54

Taxes

~

Itemized deductions (from Schedule A) or your standard deduction (see left margin) Subtract line ~O from line 38

40 41

Retirement savings contributions credit. Attach Form 8880 ~--- 53

Other

Total boxes checked

Blind. } Blind.

If your spouse Itemizes on a separate relurn or you were a dual-status allen, see page 31 and check here

~~na D:~~;~::~t I 42 If line 38

•

Page 2 1

38

~

I

D

72 J3 74a

194,178~ --

I

Pi ge 60 I

76 1,038. ~ 77 193. Third Party Do you want to allow another person to diSCUSS thiS return With 1Ile IRS (see page 61)? [X] Yes. Complete the follOWing. D No

Designee Deslgnee·s..... PRE PARER nPoDone..... Pecsonal,dent,f,cat,on .....

name ........- ........number (PIN) JIll"""'"

Sign Under penaltIes of perjury, I declare that I have examined thiS return and accompanYing schedules and statements, and to the best 01 my knowledge and belief, they are true, correct, Amount you owe. Subtract line 72 from line 63. For details on how to pay, see Estimated tax Denaltv (see oaae 611 . .

and complete. Declaration of preparer (other than taxpayer)

Here JOint return? See page 13. Keep a copy for your records

Your signature

~

based on all Information of which preparer has any knowledge. Date

Your occupation

Daytime phone number

OVERNOR Spouse's signature

Spause's occupation

If

CONSULTANT

Paid Preparer's Preparer'ssignature

I Date

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

Use Only

F,n,,'s

71000:,

yours If self-em­ plo}t:'d). address, ,:md ZIP code

11-05-01

IS

name (or

____~.

MEADOR

~2414

&

JONES~

L __----'---_~_~~____"'P__"_0_"_O=1_"_6~418 4 _ _ LLP

EXPOSITION BLVD,-SUITE AUSTIN, TX 78703

**

INTEREST NOT

Preparer's SSN or PTIN

BC-230

74 2984516 Phcne n0512 - 4 7 2 -- 0 7 9 5

INCLUDED

15.

****

TOTAL

DUE

1.053.

Form

2210

Underpayment of Estimated Tax by Individuals, Estates, and Trusts ~

Department of the Treasury

~

Internal Revenue Service

OM8 No.1545-0140

200706

See separate instructions.

Attachment . Sequence No

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

Name(s) shown on tax return

Identifying number

JAMES R. & M. ANITA PERRY

Do You Have To File Form 2210? [comPlete lines 1 through 7 below. Is line 7 less than $1

-~NO

,000~_Y_e_s_---I~~

Do not file Form 2210. You do not owe a penalty. " - - - - - - - - - ­

Complete lines 8 and 9 below. Is line 6 equal to or more than line 9?

Yes

~

II

r--------J..... ~

You do not owe a penalty. Do not file Form 2210 (but if box

E below applies, you must file page 1 of Form 2210). - - - - - - - - - - - - - ­

No You may owe a penalty. Does any box in Part II below apply?

I

Yes

You must file Form 2210. Does box S, C, or D apply?

..

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

No

y r -D-o-n-o-t-fi-Ie -F~;;';:;-2210. You are not required 'to figure your

J

penalty because the IRS will figure it and send you a bill for any unpaid amount. If you want to figure it, you may use Part III or Part IV as a worksheet and enter your penalty amount on your tax return, but do not file Form 2210.

No

t,-------­

i Yes

-. [YOU must figure your penalty.

~YOU a~e not required I

to figure your penalty because the IRS will figure it and send you a bill for any unpaid amount. If you want to figure it, you may use Part III or Part IV as a worksheet and enterJ your penalty amount on your tax return. but file only page 1 of

Form 2210.

i Part I [ Required Annual Payment 1

Enter your 2007 tax after credits from Form 1040, line 57 (or comparable line 0; your return)

2

Other taxes, including self-employment tax (see page 2 of ttle Instructions)

3

Refundable credits. Enter the total of your earned income credit, additional child tax credit, credit for federal tax paid on fuels. health coverage tax credit, and refundable credit for prior year minimum tax

3

4

Current year tax. Combine lines 1,2, and 3.lf less than $1,000, you do not owe a penalty,' do not file Form 2210

4

5 6

Multiply line 4 by 90% (.90) . .... .. . .... . . ... . . L.....-'5"------JI Withholding taxes. 00 not Include estimated tax payments. (see page 2 of the instructions)

7

Subtract line 6 from line 4. If less than $1,000, you do not owe a penalty; do not file Form 2210

7

8 9

Maximum required annual payment based on prior year's lax (see page 2 of the Instructions) Required annual payment. Enter the smaller of line 5 or line 8

8 9

185,683. 9 340.

1 2

_

175,52L

)

-

I

195,023.

1

6

14 180 53 53

278. 745. 183. 183.

Next: Is line 9 more than line 6?

D

No. You do not owe a penalty. 00 not file Form 2210 unless box E below applies.

[X]

Yes. You may owe a penalty, but do not file Form 2210 unless one or more boxes in Pari II below applies. • If box S, C, or 0 applies, you must figure your penally and file Form 2210. • If only box A or E (or both) applies, file only page 1 of Form 2210. You are not required to Ilgure your penalty; the IRS will figure it and send you a bill for any unpaid amount. If you want to figure your penalty, you may use Part III or IV as a worksheet and enter your penalty on your tax return, but file only page 1 of Form 2210.

I--=P=-a-rt"""'-;I-:-I I Reasons for Filing.

Check applicable boxes. If none apply, do not file Form 2210.

A

D

You request a waiver (see page 1 of the IIlstructions) of your entire penalty. You must check this box and file page 1 of Form 2210,

S

D

You request a waiver (see page 1 of the Instructions) of part of your penalty. You must figure your penatty and waiver amount and

C

D

o

D

Your penalty is lower when figured by treating the federal income tax withheld from your income as paid on tile dates It was actually

D

withheld. instead of In equal amounfs on the payment due dates. You must figure your penalty and file Form 2210. You liled or are filing a joint return for either 2006 or 2007, but not for bottl yeal S, and line 8 above is smaller than line 5 above. You must file page 1 of Form 2210.IJul you are not lequired fo figure your penalty (unless box S, C, or 0 applies).

but you are not required to figure your penalty. file Form 2210.

E LHA

Your income varied during the year and your penatty is reduced or eliminated when figured using the annualized income installment method. You must figure Ihe penalty using Sclledule AI and file Form 2210.

F or Paperwork Reduction Act Notice, see page 6 of separate instructions.

Form

2210

(~007)

712501 12-14·07

10370807 786859 630

4.1 2007.07080 PERRY. JAMES R.

630

1

JAMES R. & M. ANITA PERRY Part IV ! Regular Method (See page 2 of the instructions if you are filing Form 1040NR or 1040NR·EZ.) Payment Due Dates Section A - Figure Your Underpayment (a) I (b) (c) I 4/15/07 ~ 6/15/07 9/15/07

Page

Form 221O(200i,

-I

J

r

~

I

the amounts from Schedule AI, line 25. Otherwise, enler 25% (.25) of line 9, Form 2210,111 each column 19 Estimated tax paid and tax withheld. For column (a) only, also enter the amount from line 19 on llile 23. If line

18

I

I

I

h

. 13 29~

13 296

1

I

---

(d) 1/15108

r'

18 Required installments. If box C In I-'art II applies, enter

3

1

.

13 296

I

23 570.

1

.I

13 295 ,.

i

19 is equal to or more than line 18 for all payment periods, stop 11ere; you do not owe a penalty. Do not

20 Enter the amount, If any, from line 26 in the previous column

22

23 Subtraclline 22 flOlTlline 21. If zero or less, enter -D-. For column (a) only, enter the amount trom line 19

23

24 If line 23 is zeTO, subtract line 21 from line 22. Otherwise, enter -0­

24

25 Underpayment If line 18

IS

21

equal to or more than line

23, sublra:1 line 23 from line 18. Then go 10 Ime 20 of ~

the next column. OtherWise, go to line 26.

r

20

21 Add lines 19 and 20 22 Add the alnounts on lines 24 and 25 In previous column

25

3 / 570.

13 470.'

19

file Form 2210 unless you checked a boxin Part II Complete lines 20 through 26 of one column before going to line 20 of the nex! column.

174. 3 744.

13 470.

I I

3 744.

14 018.

o.

o.

'0 0 .~

ll.

April 16, 2007 - December 31,2007 27 Number of days from the date shown above lille 27 to tne date the amount on line 25 was paid or 12/31/07, Whichever

IS


ro

9 552.

a:

28 Underpayment on line 25

x

365

x .08 ~

Number of days on line 29 366

x •0'i

6/15107

-

28

Days:

_.

$

-

$

DaiS.

722.

9' 15/07

Cays

$

12/31/07

January 1,2008 - April 15, 2008 C\l 29 Number of days from the date shown obove line '0 29to the date the amount on line 25 was poid or .2 Q; 4/15/08, whl:hever IS earlier ll.

2ro a: 30 Underpoyment all x Ime 2:'

4/15/07 Days

l~

earlier Number of days on line 27

I

r

14 / 290.

I I

I

I

722. 14 290.

23 570. 9 552.

26 Overpayment. If line 23 is more than line 18. subtract llile 174.1 18 (rom line 23. Tilen go to line 20 of the next column 26 Section B ­ Figure the Penalty (Complete lines 27 through 30 of one column before gOing to the next column.) ~

13 568.

12/31/07

12/31/07

Days

1115108

-

Days

SEE ATTACH ED WORKSHEE 29

Days'

rr _._----

~

30 $ __ c$_ _ _ __ 31 Penalty. Add all amounts on lines 28 and 30 in all columns. Enler tile total here and on Form 1040,lme 77;

-'~

_____

~

­

$

Form 1040A, line 47; Form 104DNR, line 75; Form 104DNR-EZ, Ime 26; or Form 1041, line 26; but do not

~

file Form 2210 unless you checked a box in Part II

31

193.

$ Fonn

712491.1 12-14-07

l0370807 786859 630

4.2 2007.07080 PERRY

1

JAMES R.

2210

(2007)

UNDERPAYMENT OF ESTIMATED TAX WORKSHEET

I

Identifying Number

Name(s)

I

JAMES R. & M. ANITA PERRY

I

(A)

(B)

(C)

(D)

"Dale

Amount

Adjusted Balance Due

Number Days Balance Due

II

(E)

(F)

Daily Penally Rate

Penalty

I

-0­

13,296.

04/15/07 ~15/07

<3 570. I>

04/15/07

<9 900.>

06/15~7

13,296.

:;~:~:i 09/15/0L

<3,570. > 13 296.

I

09/15/07

<3 570. I> <20,OOO-k

a.

~U31/07

l_olL 15/08 ~:L5J

01 /

t

I

9 726.

<174. I> 13 122.

9 552.

.000219178

92

22 848.

193. I

I

19 278. <722.1> <722J

15

[.000191257 I

13

af3-f---

1~?108

13 296.

295.

< 3 568. >

<10 000. I>

1--­

12 573. 9 005. <995.1>

I

=

-----l +--~--I

I

I

f----­

--

--

~ I

Penalty Due (SUIll of Column F).

~.I ....

~_=d

" Date of estimated tax payment, vlitllllOldlng credit elate or installment rlue dale. 712511 04-27-07

10370807 786859 630

4.3 2007.07080 PERRY. JAMES R.

630

1

SCHEDULES A&B (Form 1040)

OMS No. 1545-0074

Schedule A - Itemized Deductions

2007

(Schedule B is on page 2)

Department of the Treasur)' Internal Revenue Service

~

Attach to Form 1040.

See Instructions for Schedules A&B (Form 1040). Your social security number

Name{s) shown on Form 1040

& M. ANITA PERRY

JAMES R. Medical and Dental Expenses Taxes You Paid (See page A2_)

Caution. Do not include expenses reimbursed or paid by others. 1

Medical and dental expenses (see page A 1) ..

2

Enter amount from Form 1040, line 38

3 4

Multiply line 2 by 7.5% (.075) Subtract line 3 from line 1 If line 3 is more than line 1 enter -0·

5

State and local (check only one box):

a

D

Income taxes, or

b

[X]

General sales taxes

}

6

Real estate taxes (see page A5)

7

Personal property taxes.

L~

--1

-13"-'---------r-1 I

SEE . STATENENT.... 15

4

2-,7~

5

1

487.

8

1

797.

10

2

054.

·6 7

Other taxes. List type and amount

8

~HQIS.~E_S_Hi)~_!?~~ _~~AJfi)_ ~QW'rX_________ 1,-7_9_7_. ------------------------------------Add lines 5 throuah 8 .

9

Interest You Paid

10 11

(See page A5.)

19

Home mortgage interest and points reported to you on Form 1098 .S.TNT :1.3 Home mortgage interest not reported to you on Form 1098. If paid to the person from whom you bought the home, see page A·6 and show that person's name, identifying no, and address

6

055.

2

054.

4

458.

~-------------------------------------

Note. Personal interest is

not deductible.

12

Gifts to Charity If you made a gift and got a benefit for it,

see page A-B. Casualty and Theft Losses Job Expenses and Certain Miscellaneous Deductions

11

------------------------------------Points not reported to you on Form 1098.

13 14

Qualified mortgage insurance premiums (See page A7)

15

Add lines 10 throuah 14

16

Gifts by cash or check.

17

Other than by cash or check. If any gift of $250 or more, see page A8.

12 J~_ - - - - - - - -

Investment interest. Attach Form 4952 if required. (See page A-7.)

14

! 15

.SEE .. STbTENENT

16

12

You must attach Form 8283 if over $500

17

18

Carryover from prior year

181

19

Add lines 16 throuqh 18

413. 4

045. 119

20

Casualtv or theft loss(es). Attach Form 4684. (See Daae A91.

21

Unreimbursed employee expenses - job travel, union dues. job education, etc.

20

Attach Form 2106 or 21 06-EZ if required. (See page A9.)

~WIQlt 22 23

MP_ £>BQ:E~S_S_I9Nb~_12Q~S

6_2_.

Tax preparation fees

_ ~

_____________________________________ 24

62. 450.

Other expenses· investment, safe deposit box, etc. List type and amount

~_~~~~Yft~EM~~T_~~

(See page A9)

21 22

Add lines 21 through 23.

8

911.

f-"2c.'4+-_ _.--.9-L..4.......,.2...,3__."..j

25

Enter amount from Form 1040, line 38 .

26 27

Multiply line 25 by 2% (.02) Subtract line 26 from line 24. If line 26 is more than line 24, enter -0­

' 1 2 5 1 1 , 0 92' 810.

'-'2~6'"-_-'2"-=1--'--'8"-'='5r6__.~

27

o.

28 Other - from list on page A 10. List type and amount Other Miscellaneous ~ Deductions

28

Total Itemized Deductions

29

30 LHA

719501 11-08-07

10370807

Is Form 1040, line 38, over $156,400 (over $78,200 if married filing separately)?

l-==:J

No.

[X]

Yes. Your deduction may be limited. See pagG 1\-10 for the amount to ellter.

Your deduction is not limited. Add the amounts in the far right column } for lines 4 through 28. Also, enter this amount on Form 1040, line 40.

S THT 1.4~ .

5,864.

29

.

If you elecl to itemize deductions even though they are less tllan your standard deduction, clleck here

For Paperwork Reduction Act Notice, see Form 1040 instructions.

786859

630

2007.07080

5 PERRY, JAMES R.

Schedule A (Form 1040) 2007 630

1

OMS No 1545-0074

Schedules A&B (Form 1040) 2007 Name{s) shown on Form 1040 Do not enle' name and social security numDer 11 shown on page

2

Page

Your social securIty number

~

JAMES R. & M. ANITA PERRY Attachment Se,9II~n,re No

Schedule B - Interest and Ordinary Dividends Part I Interest

,

Amount

List name of payer, If any interest is from a seller-financed mortgage and the buyer used the

1

08

I

property as a personal residence, see page B·1 and list this interest first. Also, show that buyer's social security number and address ~

PLAINSCAPITAL BANK FROM K-1 - REVOCABLE "BLIND" AGREEMENT FBO RICK PERRY DTD FROM K-1 - REVOCABLE "BLIND" AGREEMENT FBO RICK PERRY DTD

Note. If you received a Form 1099-INT, Form 1099-01 D, or substitute statement from a brokerage firm, list the firm's name as the payer and enter the total interest shown on that form.

360. TRUST STATE 9-13-9 TRUST STATE 9-13-9

1,555. 356. 1 I -­

-­

f-----­

-

f----­

2

Add the amounts on line 1

3

Excludable interest on series EE and I U.S. savings bonds issued after 1989.

2

4

Attach Form 8815 Subtract line 3 from line 2. Enter the result here and on Form 1040, line 8a

2 27l.

I

3 ~

2 27l.

4

Note. If line 4 is over $1 ,500, you must complete Part III.

Part II Ordinary Dividends

5

List name of payer

Amount

~

BANK OF NEW YORK

BANK OF NEW YORK

FROM K-1 - REVQCABLE "BLIND" TRUST STATE

AGREEMENT FBO RICK PERRY DTD 9-13-9 FROM K-1 - REVOCABLE "BLIND" TRUST AGREEMENT FBO

ANITA PERRY

Note: If you received a Form 1099-DIVor substitute statement from a brokerage firm, list the firm's name as the payer and enter the ordinary dividends shown on that form.

3. 28. -­

~--_

..­

_____ ~.1..1 7 2 6 . 330.

-

._------­

--------_._-~--

------

5 c-----------­ -_.

~ F 6

Add the amounts on line 5. Enter the total here and on Form 1040, line 9a

~

25,087.

6

Nate. If Itne 6 .IS over $1500 , vou mus camp IIe t e Part III

Part III Foreign Accounts and Trusts 727501 11-08-07

LHA

You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends: or (b) had a foreign

Yes

account; or (c) received a distribution from, or were a arantor of or a transferor to a foreian trust. 7a At any lime durlllg 2007, did you have an Interest In or a signature or other authority over a financial account In a foreign COUlltl y, such as a bank account, securities account, 01 other financial account? See page B-2 for exceptions and filing requil aments for Form TO F 90-22.1 b If "Yes," enler the name of tile foreign country ~._ 8 During 2007, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust?

X -

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

10370807 786859 630

6 2007.07080 PERRY, JAMES R.

No

X Schedule B (Form 1040) 2007

630

1

Capital Gains and Losses

SCHEDULE D (Form 1040)

~

~

Attach to Form 1040 or Form 1040NR.

Deportment of the Treasury Internal Rev€llu<> Service (991

~

See Instructions for Schedule D (Form 1040).

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

Narne(s) shown on return

JAMES R. Part I

& M. ANITA PERRY

I Short-Term Capital Gains and (a)

Losses - Assets Held One Year or Less

DeS2nption 01 property

(::xarnple 100 sh XYZ Co )

(b) Date

I

acqUired (Me, cay, yr)

I

(c) Date sold (Mo. da,', yr.)

~Galn

(e) Cost or

(d) Sales prres

olher basIs

or

(loss)

Subtract (el from

tdl _

1

~

._-~-JI

.-J_

i­

\

\

2

Enter your short-term totals, if any, from Sdledule D 1, line 2

3

Total short-term sales price amounts.

I

Add lines 1 and 2 in column (d)

4

I

2

I

3

------

Short-term gain from Form 6252 and short-term gain or (ioss) tram Forms 4684, 6781, and 8824

4

5

Net short-term gain or (loss) tram partnerships, S corporations, estates. and trusts

6

Short-term capital loss carryover_ Enter the amount, if any, from line 10 of your Capital Loss

7

:17 _

SEE _. STA'l:'EMENT

from Schedule(s) K-1 Carryover Worksheet in the instructions

6

Net short-term caoital aain or (loss\' Combine lines 1 throuqh 6 in column (f)

7

\ Part II Lon 9 -Term Ca p ital Gains and Losses - Assets Held More Than One Year I (a)

(b) Dale

Description of property

,

(C) Date sole!

acqul'ed (Mo. oay. yr.l

(Example 100 sh. XYZ Co }

(Mo._

d~~'.

yr

T

(d)salesp~

J

<235. >

5

8 686.1

(

<8 921. >

(el Cas! or

(f) Gain

other baSIS

or

(loss)

Subtract Ie) from (d:'

8

02/28/01 03/30/07 1 138 536.

-.HQRSESHOE BAY PROPERTY

-~

---

--

--

e----------

---~

--

- ~

I

--~-

9

314 , 770_-,-- __823...1266 ._

--

g

Enter your long-term totals, if any. from Schedule D-1 , line g

10 Total long-term sales price amounts. Add lines 8 and 9 in column (d) . 11

10

1 138 536.

-

Gain from Form 4797, Part I; long-term gain from Forms 2439 and 6252; and long-term gain or (loss) from Forms 4684, 6781, and 8824

11

12

Net long-term gain or (loss) from partnerships, S corporations, estates, and trusts

13

Capital gain distributions

from Schedule(s) K-1 14

.. SEES'l:'A':I'EMENT ... B.EE .. S':I'ATEMEN'l:'

.:18 :19..

Long·term capital loss carryover. Enter the amount, if any, from line 15 of your Capital Loss Carryover Worksheet in the instructions

15

14

I

For Paperwork Reduction Act Notice, see Form 1040 or Form 1040NR instructions.

7 PRPPV

_T7\ M'DC'

13,193.)

15

880,280.

Schedule D (Form 1040) 2007

720511/11-08-07

?nn7.n7()R()

(

I

Net long-term capital gain or (loss). Combine lines 8 through 14 in column (t). Then go to Part Ilion paae 2

LHA

69,643 . 64.

12 13

n

....J. __

;::.sc~h.::.:ed::u::.:le~D,.:.(F...:;o.::.:rm.:"1::.:o...::4o=-,-)..::2.::.:0o:...7----,,,J~AMc===E=-S~....:R:..=....:._&""--....:M"'--'.'-----'AN~_'_'I=...=T'_'Ae.:...___'P=__=E:.:R.:.:R'_'_"Y=___

i Part III 16

Summary

I

Combine lines 7 and 15 and enter the result.

871,359.

16 ~~tIf.\

If line 16 is

•

A gain, enter the amount from line 16 on Form 1040. line 13, or Form 1040NR, line 14. Then

• •

A loss, skip lines 17 through 20 below. Then go to line 21. Also be sure to complete line 22.

age 2

..... ~., i

'.~:

go to line 17 below.

Zero, skip lines 17 through 21 below and enter -0- on Form 1040, line 13, or Form 1040NR,

line 14. Then go to line 22.

17

Are lines 15 and 16 both gains?

lXJ Yes. Go to line 18

D No. Skip lines 18 through 21, and go to line 22.

18

Enter the amount, if any. from line 7 of the 28% Rate Gain Worksheet on page 0-8 of the instructions

19

..............

18

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

~

page 0·9 of the instructions.

20

~

19

Are lines 18 and 19 both zero or blank?

lXJ Yes. Complete Form 1040 through line 43, or Form 1040NR through line 40. Then complete the

Qualified Dividends and Capital Gain Tax Worksheet on page 35 of the Instructions for Form

1040 (or in the Instructions for Form 1040NR). Do not complete lines 21 and 22 below.

D

No. Complete Form 1040 through line 43, or Form 1040NR through line 40. Then complete the

Schedule D Tax Worksheet on page 0-10 of the instructions. Do not complete lines 21 and

22 below.

21

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

• •

The loss on line 16 or ($3,000), or if married filing separately, ($1.500)

}

21

(

)

Note. When figuring which amount is smaller, treat both amounts as positive numbers. 22

Do you have qualified dividends on Form 1040, line 9b, or Form 1040NR, line 10b?

D

Yes. Complete Form 1040 through line 43, or Form 1040NR through line 40. Then complete the Qualified Dividends and Capital Gain Tax Worksheet on page 35 of the Instructions for Form 1040 (or in the Instructions for Form 1040NR).

D

No. Complete the rest of Form 1040 or Form 1040NR. Schedule D (Form 1040) 2007

720512

11-08-07

8

10370807 786859 630

2007.07080

PERRY,

JAMES R.

630

1

~

Qualified Dividends and Capital Gain Tax Worksheet - Line 44

,".

t'

)J-{f

I't:,

Keep for Your Records

I Name(s) shown on return pAMES R. & M. ANITA PERRY

I Bela... you begin:

'm"""oo, 'oe "" 44 'h"

0' p,g' 33 '0 '"

'hi' wO'k'h'"

I

See 'h'

j

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

b,gi,

it yoo ' " m,

1.

_--=11-,~O8 3~,5-=--4-=--7,---.

6, Subtract line 5 from line 4. If zero or less, enter -0-

6.

7. Subtract line 6 from line 1. If zero or less, enter -0-

7, _ _

883 , 852. ----=-19--...,L 69 5 •

1,

Enter the amount from Form 1040, line 43

2,

Enter the amount from Form 1040, line 9b

2,

12,493.

3.

871,359.

4.

883,852.

to f,goce YoO' ,,,

3. Are you filing Schedule D?

[X]

Yes.

Enter the

smaller

of line 15 or 16 01

Schedule D. II either line 15 or line 16 a loss, enter -0-

DNo,

}

IS

...

Enter the amount from Form 1040. line 13

4. Add lines 2 and 3 5, If you are claiming investment interest expense

on Form 4952, enter the amount from line 4g

of that form. Otherwise, enter -0

. 5,

o.

_

8. Enter the smaller of: •

•

The amount on line 1, or

$ 31,850 if single or married filing separately, $ 63,700 if married filing jointly or qualifying widow(er),

$ 42,650 if head of household.

8.

J

~6~3~,~7~0=--O-=--.o....'

9. Is the amount on line 7 equal to or more than the amount on line 8?

[X]

Yes. Skip lines 9 through 11; go to line 12 and check the "No" box.

D

No. Enter the amount from line 7

9.

10. Subtract line 9 from line 8

10.

11. Multiply line 10 by 5% (.05)

11.

_

12. Are the amounts on lines 6 and 10 the same?

[.=1

Yes. Skip lines 12 through 15: go to line 16.

[XJ

No. Enter the smaller of line 1 or line 6

12.

13. Enter the amount from line 10 (if line 10 is blank, enter -0·). .

13.

14. Subtract line 13 from line 12

14.

883 , 852.

----~-~~~~~

0"--"-.

88 3 , 8 52 .

15. Multiply line 14 by 15% (.15)

15.

1 3 21...-5 7 8 •

16. 17.

45,099. 177,677.

18.

351,447.

19.

177,6?L...

16. Figure the tax on the amount on line 7. Use the Tax Table or Tax Computation Worksheet, whichever applies 17. Add lines 11, 15, and 16 . 18. Figure the tax on the amount on line 1. Use the Tax Table or Tax Computation Worksheet, whichever

I

f9

~;;;;,;;I;:"bl' I,~;me

E,'" ';"m'I'''o' ",,17o,[,h.'B A[;o

IOhlod'

1tio'moool 00 Foem

710·151 11-13-Q7

10370807 786859 630

8.1 2007.07080 PERRY, JAMES R.

630

1

OMS No.

Supplemental Income and Loss

SCHEDULE E

(From rental real estate, royalties, partnerships, S corporations, estates, trusts, REMICs, etc.) ~ Attach to Form 1040, 1040NR, or Form 1041. ~ See Instructions for Schedule E (Form 1040).

(Form 1040) Department of the Treasuf Ji Internal Revenue Service

Name(s) sllOwn on return

2007

Your social security number

JAMES R. & M. ANITA PERRY Part Ij Income or Loss From Rental Real Estate and Royalties

Note. If you are in the business of renting personal property, use

Schedule C or C-EZ (see page E-3). If you are an individual. report farm rental mcome or loss from Form 4835 on page 2, line List the type and location of eacll rental real estate property:

~O.

2 For each rental real estate property listed on line 1, did you or your family use it during tile tax year for personal purposes for more tllan the greater of: • 1~ days or • 10% of the fatal days rented at fair rental value? (See page E-3.)

A B

15~5-007~

J.R. PERRY CO. - ROYALTY RESIDENTIAL RENTAL PROPERTY

C

Properties

Income:

B

A 3 Rents received

3

4 Royalties received

4

C

A B

c

4

5,200. L182.

12

4,092.

19

7,05h 500.

3

3 182.

x

Totals (Add columns A, S, and C.)

I

5 200.

Yes

Expenses:

5 AdvertiSing

6 Auto and travel (see page

5 E-~)

7 Cleaning and maintenance

6 7

8 Commissions

8

9 Insurance

10 Legal and otlm professional fees

--

r--1-10

11 Management fees

12 Mor1gage interest paid to banks, etc.

11

(see page H)

4 092.

12

13 Other Interest

14 Repairs

13 I

14

15 Supplies

16 Taxes

16

17 Utilities

17

15

2 962. I

18 Other (list) ~

--

---

18

1------

I

I 19 Add lines 5 through 18 .

19

20 DepreCiation expense or depletion (see page E-5)

21 Total expenses. Add lines 19 and 20

20

7 054.

21

500. 500.

22 Income or (loss) from rental real estate

or royalty properties. Subtract line 21

from line 3 (rents) or line ~ (royalties).

If tile result is a (loss). see page E-5 to

find out if you must file Form 6198.

22

2 682.

23 Deductible rental real estate loss. Caution.

You I renlal real estate loss on IIn8 22 may

be limited. See page E-5 to tlnd out if you

must file Form 8582. Real estate professionals

must complete line ~3 on page 2

23

20

7 054. STMT 20

<1 854.>

(

1 854.

24 Income. Add positive amounts sllOwn online 22. Do not include any losses 25 Losses. Add royalty losses from line 22 and rental real estate losses frolll line 23. Enter total losses Ilere 26 Total rental real estate and royalty income or (loss). Combme lines 2~ and 25. Enter the result here. If Parts II, III, IV, and line ~O on page 2 do not apply 10 you, also enter tllis aillouni on Form 1040, line 17, or Form 1O~ONR, line 18. Otherwise, include tllis amount in tile total on line ~1 on page 2 721491

11-03-07

LHA

For Paperwork Reduction Act Notice, see instructions.

10370807 786859 630

9 2007.07080 PERRY, JAMES R.

2 682. 1 854.l

24 25

(

828.

26

Schedule E(Form 1040) 2007

630

1

Schedule E (Form 10401 200~

13

Attachment Sequence No

.: : :. .:a~:. .:e(~s:.:E): .Sh.: : :w:. .n_~=-n:. .;r~:. .t_ur. : n&:e.D_Q.: .~.: .ot.:-:_nt. .:e~:. :n: .am,-,~: :.a-=~:. :~-=SO_C. .: '~:. .;~I: :C:.: C~-"r~:.:tY:. :~, - u,_no_e_,'_ls_h_ow_n_o_n_p_ag_e_'

Page

2

~y~

.... 1

Caution. The IRS compares amounts reported on your lax relurn wittl amounts shown on Schedule(s) K-1.

I Part 1/ I Income or Loss From Partnerships and S Corporations

Note. If you report a loss from an at·risk activity for which

any amount IS not at risk, you must check column (e) on Ime 28 and attach Form 6198. See page E-1. 27

Are you reporting allY loss nol allowed

In

a prIOr year due to the at-risk or baSIS Ilmitalions, a prior year unallowed loss from a

~.

passive activity (111I1alloss was nol reported on rorm 8582), or unreimbursed partnership expenses?

[X]

DYes

No

It vou answered "Yes' see Daqe E·G belore cOlllolellnq this section. 28

(b) Enlel P 101 (c) Check partnership S If foreign 5 corporallOn par:nershlp

(a) Name

-I

CO.

#JoRo, PERRY

-

',"I''''§~~. _W""'''_ __

(I) Passive loss allowed

-

I

----I

I

I Nonpassive Income and Loss

--------1f----------,-~----,--___,._------------­

(il Section 179 expense deducllon from Form 4562

(h) Nonpassive loss from Schedule K·1

(g) Passive Income from Schedule K·1

(attach Form 8582 if requlled)

p

==E

.

(e) Check If any amounf IS

75-16426~5

P

Passive Income and Loss

I

(dl Employer d f l' b

fOI

(i) NonpasSlve I/lcome from Schedule K-1

-,----.----------------i---------c---:-­

1 654.

A B C

D

------f------------­

-------+-------------­

----------1---------+--­

29a

Totals.

b

Tolals .

30

o.

----------------,....--------i----­

1 , 65....4c...:.+---

+--

1---

-t-_ _.

_

Add columns (g) and (j) of line 29a

31

Add columns (f), (h), and (i) of line 29b

32

Total partnership and S corporation income or (loss). Combine lines 30 and 31. Entel tile resull here and include in the tolal on line 41 below

1 654.

32

Part III Income or Loss From Estates and Trusts

I (b) Employer '---,-dentillcalloll number

(a) Name

33

-------------------1

SEE STATEMENT 21

I

.Jl Passive Income and Loss

::Lr

(c) Passive deduction or loss allowed (at1ach Form 8582 if requlled)

TOlals

b

Totals

------­

(d) Passive I/lcome flam Schedule K·1

(e) Deduction or loss from Schedule K·1 -­

1--------------­

,­

II

~

(f) Olher income from Schedule K·1

"---­ ,

B I

34a

I

Nonpassive Income and Loss

41, 727.

9,858.

I

------­

35

Add columns (d) and (I) of line 34a

35

36 37

Add columns (c) and (e) of line 34b Total estate and trust income or (loss). Combine lines 35 and 36. rnter the result here and include in the total on line 41 below

36

(

37

41 ,727. __ 9 ,858.) 31 869.

I Part IV I Income or Loss From Re,al Estate Mortgage Investment Conduits (REMICs) - Residual Holder 38

(b) Employer Idenliflcallon number

(a) Name

(c) Fxcess inclusion Irom (d) Taxable IIlcome (nel loss) from Schedules Q, Schedules Q, llile 2c line 1b

T

_ _ _ _-.-L_ 39

Combine columns d and e onl . Enter the result here and include in the total on line

Part V

(e) Income from Schedules Q, line 3b

41 below

39

Summary

40

Nel farm renlal income or (loss) Irom Form 4835. Also, complete line 42 below

41

Total income or (loss)

42

Reconciliation of farming and fishing income. Entel your gross farming and fishing Income

ComtHne mes 26 2~, 37 39 and 40 Enter the result here and on Form 1040 line 17 or Form 1040NR line 18

I

~~ U. [44"'-°1-~------­ 34,351.

reporled on Form 4835, line 7; Schedule K 1 (Form 1065), box 14, code [3; Sclledule K-1

(Form 1120S). box 17, code T; and Schedule K-1 (Form 1041), line 14, code F (see page r-7) f----'4""2---'-.1 43

Reconciliation for real estate plDfessionals. enter the net

InCOIn\~ C:/

II yeu

(10SS) you reported anywhere on

---i

were areal estate profeSSional (see page E-2).

Forr~l 1040

or Form

10'IU~Jn

frorn all rent,]1 reiJl estate

acllv'tleslnwhlchyOIJrllJI~:lall)·p~tlclpa~edlJn?_ff_t_he~p_a_ss_'v_e_a_ct_N~~_'~_s_s_ru_:~_s~~~~~~~~~_4~3~~~

~_~_ _~_~_~~

_

Schedule E (Form 1040) 2007 7? 1501

11-08-07

0370807 786859 630

10 2007.07080 PERRY, JAMES R.

INCOME FROM PASSTHROUGH STATEMENT, PAGE 1

2007

SCHEDULE E J&~ES

Name

SSN/EIN~ • • • • •~

R, PERRY

ID

Passthrough J ,R, PERRY CO.

75-1642655

TAXPAYER

PARTNERSHIP

c

Prior Year Unallowed BaSIS Loss

K-1 Input ........L.H\.

.... , ........................

Disallowed Due to Prior Year Unallowed Basis Limitation At-Risk Loss

I

Disallowed Due to At-Risk

II Prior Year Passive Loss

Disallowed Passive Loss

Tax Return

SCHEDULE E PAGE 2

Jrdinary business income (loss) _

5 827

'iental real estate income (loss) Jther net rental income (loss) Intangible drilling costs/dry hole costs Self-charged passive interest expense 3uaranteed payments Section 179 and carryover Disallowed section 179 expense Net income (loss)

I------d ­

- ­

F

--

5 827

~...s..1L.

<4 173,

First passive other

--

Second passive other _

____~_.1.....JD...?_ --------

Cost depletion

--

Percentage depletion Depletion carryover Disallowed due to 65% limitation Unreimbursed expenses (nonpassive)

i

~

L=

- -

~~

Nonpassive other _ Total Schedule E (page 2) _

C

FORM 4797

1 654 I

Section 1231 gain (loss)

~~

Section 179 recapture on disposition

[

SCHEDULE D

Net short-term cap_ gain (loss) Net long-term cap. gain (loss) Section 1256 contracts & straddles

~ "----­

FORM 4952

Investment interest expense - Sch. A Other net investment income

ITEMIZED DEDUCTIONS Charitable contributions Deductions related to portfolio income

83.

=±

I

Other

;',.

83_~

L \

--

~

11 721551 04-27 -07

INCOME FROM PASSTHROUGH STATEMENT, PAGE 2

2007

SCHEDULE E

Name JAMES R

PERRY

SSN/EIN 10

Passthrough J . R. PERRY CO,

PARTNERSHIP

I I

~Year U~allowed

K-1 Input

Disallowed Due to Prior Year Unallowed Basis Limitation At-Risk Loss

Basis Loss

GELR~;;~~O DIVIDENDS

J• • • •- - ­

75-1642655

TAXPAYER

I

Disallowed Due to At-Risk

I

Prior Year Passive Disallowed Passive Loss Loss

,,, ""em _

I

Interest income

._­

Interest from U_S. bonds Ordinary dividends Oualified dividends

1------­

Tax-exempt interest income ._

FORM 6251

I

Depreciation adjustment after 12/31/86

--­ I

Adjusted gain or loss Beneficiary's AMT adjustment

- -1 - - - - - - - - - ­

Other

L

L-­

MISCELLANEOUS

5 827

Self-employment earnings (Ioss)/Wages

--------­

Gross farming & fishing inc

/------­

~----5~

-­ 3 182

Royalties Royalty expenses/depletion

--­

- ­

Depletion (other than oil)

I--­

3 18L 500

500

Undistributed capital gains credit

g----­

Backup withholding. Credit for estimated tax Cancellation of debt Medical insurance - 1040 Dependent care benefits Retirement plans Qualified production activities income Passthrough adjustment to Form 1040 Penalty on early withdrawal of savings

r=

l-­

-------­

t--­

=t=

-­

I

NOL

I

Other taxeslrecapture of credits. Credits Casuaity and theft loss

12 721552 04-27-07

INCOME FROM PASSTHROUGH STATEMENT, PAGE 1

2007

SCHEDULE E Name JAMES R

SSN/EIN

PERRY

Passthrough REVOCABLE "BLIND" TRUST STATE AGREEMENT FBO RICK PERRY DT

10

74-6467584

_'ll\)CPAYER

"'STATE OR TRUST

I

K-1 Input J,. . . . . . . . . . . . . . . . . ...., ..... -'-

I

.......

I Prior

Year Unallowed Basis Loss

Disallowed Due to Prior Year Unallowed Basis Limitation At-Risk Loss

Disallowed Due to At-Risk

Prior Year Passive Disallowed Passive Loss Loss

Tax Return

SCHEDULE E PAGE 2

Ordinary business income (loss) . Rental real estate income (loss)

I

Other net rental income (loss) Intangible drilling costs/dry hole costs

- -

Self-charged passive interest expense Guaranteed payments Section 179 and carryover Disallowed section 179 expense Net income (loss)

--

- -

First passive other Second passive other. Cost depletion

--

9 858

9 858

Nonpassivt: other.

41 727

4J~~lL

Total Schedule E (J2age 2) .

31 869

31 869

Percentage depletion Depletion carryover .

- -

Disallowed due to 65% limitation Unreimbursed expenses (non passive)

--

FORM 4797

I

- -

I

Section 1231 gain (loss) .

--

Section 179 rec3tlture on distl0sitlon

I

SCHEDULE 0

Net short-term cap_ gain (loss)

Net long-term cap. gain (loss)

- -

<235

69 643

<:u2....?

69 64.1...

Section 1256 contracts & straddles

r

I

FORM 4952

Investment interest expense - Sch. A Other net investment income I

!

ITEMIZED DEDUCTIONS

Charitable contributions Deductions related to portfolio income OHler

l===r==

i

13

721551 04~27 ·07

~ I

I

--

1 000

~-----

INCOME FROM PASSTHROUGH STATEMENT, PAGE 2

2007

SCHEDULE E

SSN/EIN • • • • •IL_

Name Jl'.MES R, PERRY Passthrough REVOCABLE "BLIND" TRUST STATE AGREEMENT FBO RICK PERRY OT

1D

74-6467584

TAXPAYER

ESTATE OR TRUST

Prier Year Unallowed Basis Loss

K-1 Input .... ' - ' ' ' - , J.

I

• , " - ' LJ..o.-

~

.......

Disallowed Due to Prior Year Unallowed fIt·Risk Loss Basis Limitation

Disallowed Due to At-Risk

Prior Year Passive Disallowed Passive Loss Loss

INTEREST AND DIVIDENDS

Interest income

._----­

I'

Tax Return

-­

356

3SG.

Interest from U.S. bonds

._-_._--­

Ordinary dividends

24 726,

Qual:fied dividends

12 462

24+.n_6~

I

12 462,

Tax-exempt interest income .... ' FORM 6251 .

I

Depreciation adjustment after 12/31/86 Adjusted gain or loss Benefici2ry's AMT adjustment Depletion (other than oil) Other

[

MISCELLANEOUS

-- I--­

-­

Self-employment earnings (loss)NJages Gross farming & fishing inc

- - - - - - - -f - - - - - - - - - - - - - ­

Royalties

.--­

-

----­

Royalty expenses/depletion Undistributed capital gains credit Backup wiHltlolding Credit for estimated tax Cancellation of debt Medical insurance - 1040

-------­

Dependent care benefits Retirement plans

.-f---­

Qualified production activities income

..

---­

P;::ssthrough adjustment to Form 1040 Penalty on early withdrawal of savings NOL Other taxes/recapture of credits Credits Casualty and theft loss

14 721552 04-27 -07

-_._-._ _----­

INCOME FROM PASSTHROUGH STATEMENT, PAGE 1

2007

SCHEDULE E

Name JAMES R. PERRY

SSN/EIN

Passthrough REVOCABLE "BLIND" TRUST AGREEMENT FEO ANITA PERRY

ID

4 • • • •1L­

03-6092780

TAXPAYER

ESTATE OR TRUST

Prior Year Unallowed I Disallowed Due to I Prior Year Unallowed I Disallowed Due to BaSIS Loss Basis Limitation At-Risk Loss At-Risk

K-1 Input

OTHER PASSIVE

I I

Prior Year Passive IDisallowed Passive Loss Loss

Tax Return

SCHEDULE E. PAGE 2

~

Ordinary business income (loss) Rental real estate income (loss)

_

Other net rental income (loss)

Intangible drilling costs/dry hole costs

'

Self-charged passive interest expense

Guaranteed payments

Section 179 and carryover

Disallowed section 179 expense

I

I

~_

Net income (loss) First passive other

I I

=L

Second passive oHler,

t

t

=t=

J

Cost depletion

Percentage depletion

Depletion carryover,

-----

Disallowed due to 65% limitation

Unreimoursed expenses (non passive)

Nonpassive other,

Total Schedule E (page 2) ,

[

FORM 4797

Section 1231 gain (loss)

Section 179 recapture on disposition

C

SCHEDULED

Net short-term cap, gain (loss)

Net long-term cap, gain (loss)

Section 1256 contracts & straddles [ FORM 4952

"J

=

Investment interest expense - Sci), A

Other net investment income

ITEMIZED DEDUCTIONS

Charitable contributions ,

Deductions related to portfolio income

Other,

~

I

j

t

--t---­ -------1--_

j--------i jl

I

I

I

I

----

I

I

1 - - - - - 1 -- - - - - + - - - - - - t - - - - - - ­ 1

15 72 ',551 04-27 ~07

I

INCOME FROM PASSTHROUGH STATEMENT, PAGE 2

2007

SCHEDULE E Name J&'1ES

R,~.---"-P-,=E,",R",R,,,y~

_

Passthrough REVOCABLE "BLIND" TRUST AGREEMENT FBO ANI TA PERRY

03·6092780

~AXPAY_~L

ESTATE OR TRUST OTHER PASSIVE

I

Prior Year Unallowed Basis Loss

K-1 Input

JI• • • • •-

SSN/EIN ID

Disallowed Due to Pnor Year Unallowed BasIs Limitation AI-Risk Loss

Disallowed Due to At Risk

_

pass~--------

Prior Year Passive Disallowed Loss Loss

,"CO

Tax Return

I

I

INTEREST AND DIVIDENDS Interest income.

Interest from U.S. bonds

t­

Ordinary dividends

1-------+-------+--------1 :3]'£'-.

330

Qualified dividends

Tax-exempt interest income.

FORM~62~5~1_ _

I

Depreciation adjustment after 12/311861==

==t==::

r

==j

==t

I~

===-t

I

Adjusted gain or loss Beneficiarys AMT adjustment Depletion (other than oil)

_~

'

I 1--------1­

-+-------+-------1------+---­ -+----­

Other

c=

MISCELLANEOUS

Self employment earnings (Ioss)/Wages

t-­

t-

I

.- --­

Gross farming & fishing inc Royalties Royalty expenses/depletion

---­ -- =---==

UndistributecJ capital gains credit Backup withholding. Credit for estimated tax Cancellation of debt Medical insurance - 1040 Dependent care benefits Retirement plans Qualified production activities income Passthrough adjustment to Form 1040 Penalty on early withdrawal of savings

~~~r

taxeslrecapture of credits.

Credits Casualty and theft loss

I

l_

~-

=F3=

I

_

-

~

0-1--27 -07

~t

-I

-

!==~

L I i

I

16 721552

~-- - - - -

1­ -

­

=

------­

.J

I Schedule

E

PASSTHROUGH RECAP ­

JAMES R.

TT~

5P

.

E

2007 _

1/1/6, Ordinary Income (Loss)

Entity No_

AcL

i'Jo_

1

1

l1 R

3 I

4

REVOCABLE "BLIND" TRUST AGREEME

2

3

REVOCABLE "BLIND" TRUST STATE A

fr Ip fr E riR

BASIC INFORMATION

M. ANITA PERRY

Schedule K-1Line Reference: (1065/1120S/1041)

1:

:

&

Name

PERRY CO

2/2f7

3/3/8

'Estate Inc. (Loss)

1

*

I Rental Real OHler Rental

'.

Passive IIIMT Passive. IIctivity Activity Loss Loss CIO CIO

Income (Loss)

5/4/1

*

6aJ5a12a

Interest

US Treasury Bond Interest

.. DIVidends

7/6/*

8/7/3

9,a,/8a14a

4/~~

. Short-Term Net Lon g -.. Guaranteed

Royalties Capital Term Cap, tal Payments

Galf' (Loss Ga,n (Loss) to Partner

5 827

~__

3 182 330 3..2§...

<235 > M~

24 726

_

t-------- --

I

_

I

1---­ 1

U--l-----I-----I------------------+------+----+-----+-----+-----+----+_----~----+_---I_--_+----- - - - ­ f-l---+---+------1-------------------+----j----t-----t-----t----+------+-----1-----+-----+----1----1----­ I---I--I----I-----I------------------!------+-----!------+----+-----+-----+_------ ' - - - - - - - - I - - - - - ! - - - - - - I - - - - I - - - - ­

Totals

5 827

Component of:

Sctledule K-1 Line Reference: (1065/i ~2CS/104 i)

Entity : Act. No. Ir No.

10/91*

*

Ordinary Section 1231 Gain (Loss) Gain (Loss) Form 4797

~~ 2

3

111101* Other Income

13/12/*

12/111*

83

I I I

! I

=1

i

-t Tota!s

Component of: Form 4797. Form 4797, Line 2 Line 10 I *

-

F 8582 arm Line 3c

13/12/*

13/121*

13/121*

<235_.~r£9...£_4..l,+-

3 182

*/*

20/17/14

Investment Investment .1, Otller Int. Expense Int. Expense Investment Deductions Schedule A) Schedule E) i Income ---'-=-=­ 4 173

13/*1*

*

SE Health Insurance Premium

Wages for More Than 2%

Sha,eholders

14/*1* Net SE Earnings

l2...s.rr.

3 182

17115/12

*1*/12

AMT Oepr

Minimum

Ad] on Post

Tal(

1­

83

Page 2. VanOL:S

Schedule A,

L,nes

16& 17

Exclusion Items

'86 Property ~~~men~ --­

~-

-­

+----­

=

-~

I

f------J---

t--­

I

44 038

*1*/12

--­

1....QQQ.. ---.1...11L

I

Schedule E,

.

J

~

I

1 000

Form 4562, Sciledule A. Line 23 I Line 6

3 182

6 484

Schedule E. Page 2. VanOL:S

SC~lerlule

Line 14

No specific Schedule K-111ne reference for these amounts.

11-16-07

25 056

Form S h d I B S I Schedule E. c e u e . chedu e B, Schedule B Schedule E. Schedule D. Schedule D. Page 2. 85821\MT, Line 3c Line 1 Line 1 lome 5 L'ne ~ L,ne 5 L,ne 12 Various

1

:=r=r

H­

Scredule E, Page 2. Varrous

I

1

44 038

Schedule E. Page 2. Varrous

Deductions Related to PortfoliO Income (2%)

Charitable r;ontrlbutlons Section 179 Expense 50%

I

728071

356

Schedule E. Page 2. Varrous

16.1

Schedule E

A,

,

F

4952

~' Verrous Line 4a

I

Form 1040, I FOim1040, Lille 29 Line 7

---­ - .

-­

5 827

~chedule SE.I Form 6251. ~~

Form 6251. 2007 L,ne 14_F~~I~~

E

c::,.h~dule

2007

JAMES R. & M.

PERRY

fu~ITA

Schedule K-l Line Reference: (1065/1

I

~20Si

6b/5b/2b

l04"1)

:ntity iflct. No. I No

:

13 /12:14

13/* /*

11/10/*

,

I

Pro0uc~\on

=t===i-

L

15/13/*

13/12/*

QualifIed

Sec. 1256 1. Dependent Qua~ilied Dividends Contracts & jCare Benefits I i Straddles I

ActIV\\les

:mploye(s W-2 Wages

15/~ 3/ 13

15/13/13

I Und'Slr
Credit for lncreasmq

I

"u,""c,

Researc~

'

15/13/*

15/13/*

New r,larkets!Credit for SS Credit I & Medicare Taxes

Roya:ty!

oW-IncomE>

H~__

-r-·

* /* /'

20/17/13 Recapture 01

Deple710n

~;;e~s~s I

_._11

I

---f-----­

­

~--~:

I

, I

_L~

'

1-----4

f---,-~__+_~--J--~+_~~f--_j__--~_+__--

, ' I

Cocnponent of:

~----J

'12 462

Form 24t.1 Line 14

t- J

~~

10

I

Form 1040, Form 6781, Line 9b Line 1

I -~ ~--~f___---~ --f---~- ---J

,

,

~o-t-al-s

J­

I.

-j-----:----

t--=' 500

f--+--t-------j-----+----+----+---+----+----+------~-2 I 3 I 12 462

r-­

Form 8903. Form 8903, Form 1040, FOI Cl 8844, Form 6765, Form 8874.( Form 8846. I Form 8611. Schedule E, Line 7 Lrne 15 Lire 70 -_L-- Lne 3 ' - - line 60 ---' Line 2 ---' Line 5 - ' - Line 8 -L Page 1 or 2....L

I

---j

J­

~- - - - - - ­ J

__

~

L_____

_

1

__

1

ScheauleK-i

Line Reference

'"

(1065/1 12CS/i 0,+ 1)

Entity No

Act No'

.

.....

SCh:~'~le

Schedule E

E

BaS's

BaSIS

. c,,,"',,,

'"

....

c~,,,",

"'..

'"

ST

AMT

LT

BaSIS

BaSIS

BaSIS

[I

AMT LT Bass

......

Se~~~~31

Sec. 1231

4797-0rd.

Bas's

BASIS

Bi1SIS

Bas's

..

Other

(~:~:r

I -4--

"'""'""-=-£ 8as,s

BaSIS

c",,,"', c,,,,,"",, c,,,,,"", ,,,"'""' ,,.,,"," c'''''"''_! . c.",," c,,,,,,,,,

,,",,"",

f------!

----l---I--- I

47:7M~rd

'"

---+-~-_ _+_ _---j_ _-JI ~

I I

I

I

[

-­

--1----+-----+--_---+-_ _+-----

-'---

I

Tot::lls BaSIS

B<J:sI$

BaSIS

8asl$

BaSIS

3asls

BaSIS

BaSIS

Limitation Worksheet

Lirroltation Worksheet

Limitation \Vorksheet

L,mrtallon 'Nor<shee!

Llmltallon Worksheet

limitation \/'/mkshE'E't

Limitation Workshee~

LrrllltatlrJrl \'mrksheet

*

No specifiC Schedule K·1 line

refere~ce

for these amounfs_

-­

--r--J

.

I

1

-

----t----- - f-------+-------+---f----~+_---t_--~__J

~

1c-0"-07

-.'1 _~:

I

-r----­

r

I

728076

'.~ =-L'~

I \

- - j - _ - - - - j_ _---j

~

1---+---1--

Component of:

I

- - - - - f _ _ _ - - - '----

i

!

16 .2

i

R8SIS

BaSIS

Llmrlat,OIl Worksheet

LimitatiOn WOrksheet

I

BaSIS

BaSIS

L,,';lt;:I!ton Worksheet

Wo~ksheet

Limitation

_

LJ

I

I

~

Statement of Rental and Royalty Income Your social security number

Name(s) as shown on return

b"AMES R. Kind

&

M. ANITA PERRY

~AYS - PERSONAL 122 RENTAL 243 OTAL DAYS USED DURING YEAR 365 ~USINESS % : 243/365 = 66.58% lINT & TAXES : 243/365 = 66.58%

-

RESIDENTIAL RENTAL PROPERTY

Locatiol'

PERSONAL/DUAL OWNERSHIP EXCLUSION

GROSS Rental and Royalty Income 3. Rents received 4. Royalties received

7

Commissions

8

9.

Insurance

9

Legal and other professional fees

i

I

10 11

-­

13. Otller Inlerest

13 14

15. Supplies

15

16. Taxes

16

17. Utilities

17

.

2,054.,

4 092.

4 449.

1,487.

2 962.

6~46

12

14. Repairs

18. Other (lrst)

-----

6

8 10

5 200.

5

6. Auto and travel 7. Cleaning and maintenance

11. Management fees.

12 Mortgage interest paid to banks, elc.

NET TO SCH E

5 200.

3 4

Rental and Royalty Expenses

5. Advertising

VACATION HOME LOSS LIMITATION

---­

~ -­

----~----

---_

..

_­

-----_._--­

I

+------­

- .

- ­

c----­

18

-­

-­

-­

19. Add lines 51hrougll 18

19

20. Depreciation expense or depletion

20

21. Tolal expenses. Add lines 19 and 20 22. Income or (loss) Irom rental or royalty properties.

21

10,595. 2 287. 12 882.

22

<7..1 682 .>

Subtract line 21 flam line 3 (rollts) or line 4 (royalties)

3 54l. 764. ~.J05. _

1

sn±

7,054.

1, 523.1

[

7,054. <1,854.1>

721601 04-27 "07

10370807 786859 630

17 2007.07080 PERRY, JAMES R.

630

1

2007 DEPRECIATION AND AMORTIZATION REPORT

RESIDENTIAL RENTAL PROPERTY ­ Asset No

Description

Date Acquired

Method

Life

line No.

Unadjusted Cost Or Basis

Bus % Excl

SCHEDULE E­ 2

. Reduction In Basis

Basis For Depreciation

Accumulated Depreciation

Cu'rlenl

Se~ 179

Current Year Deduction

,

1

I

08 01 07 SL LESS EXCLUSION

I

27.50 19H 167,679. .3342

167,679.

2,287.

<56,038. >

<56,038. >

<764.>

111,641.

111,641.

I

TOTAL SCH E lDEPRECIATION

~

1,523.

.

7=8102 04-27 -07

(0) - Asset disposed

17.1

• lTC, Section 179, Salvage, Bonus, Commercial Revitalization Deduction, GO Zone

OMS No 1545-0074

SCHEDULE SE (Form 1040) Department of the Treasury Internal Revenue Service

(991

Self-Employment Tax

2007

~ Attach to Form 1040. ~ See Instructions for Schedule SE (Form 1040).

~~I~~:;;'c':,"~o 17

I Social security number of I person with self-employment

Name of person with self-employment income (as shown on Form 1040)

M. ANITA PERRY

I

~ .~

income

Who Must File Schedule SE You must file Schedule SE if: • You had net earnings from self-employment from other than church employee income (line 4 of Short Schedule SE or line 4c of Long Schedule SE) of $400 or more, or • You had church employee income of $108.28 or more. Income from services you performed as a minister or a member of a religious order is not church employee income (see page SE-1). Note. Even if you had a loss or a small amount of income from self-employment. it may be to your benefit to file Schedule SE and use either "optional method" in Part II of Long Schedule SE (see page SE-4). Exception. If your only self-employment income was from earnings as a minISter, member of a religious order, or Christian Science practitioner and you filed Form 4361 and received IRS approval not to be taxed on those earnings, do not file Schedule SE. Instead, write "Exempt-Form 4361" on Form 1040, line 58.

May I Use Short Schedule SE or Must I Use Long Schedule SE?

Note. Use this flowchart only if you must file Schedule SE, if unsure, see Who Must File Schedule SE, above.

Did you receive wages or tips in 2007?

r'

I No

' I- - - - - ,

Y

~---J--'I

Yes

•

Are you a rnlnlster, member of a religious order, or Christian Science practitioner who received IRS approval not to be taxed on earnings from these sources, but you owe self-employment tax on 01l1er earnings?

I Yes

Was the total of your wages and tiPS subject to social security or railroad retirement tax plus your net earnings from self­ employment more than $97,500?

Yes

I No

y

Are you using one of the optional methods to figure your net earnings (see page SE-4)?

Did you receive tips subject to social security or Medicare tax that you did not report to your employer?

I No

No

- - - - --------------'------­

Did you receive church employee Income reported on Form W-2 of $108.28 or more?

Old you report any wages on Form 8919, Uncollected Social Security and Medicare Tax on Wages?

t No =---Yo-u-m-ay-uS-e-S-h-o-rt-Sched-u-le-S-E-b-e-lo-w----­

Section A-Short Schedule SE. Caution.

You must use Long Schedule SE on page 2

Read above to see if you can use Short Schedule SE.

1 Net farm profit or (loss) from Schedule F, line 36. and farm partnerships, Schedule K 1 (Form 1065), box 14, code A .

1

2 Net profit or (loss) from Schedule C, line 31; Schedule C·EZ, line 3; Schedule K-1 (Form 1065), box 14, code A (other than farming); and Schedule K·1 (Form 1065·8), box 9, code J1 . Ministers and members of religious orders, see page SE-1 for amounts to report on this line. See page SE·3 for other income to report

STM:T22

3

65 000. 6~ 000.

4

60,028.

5

9 184.

2

3 Combine lines 1 and 2 4 Net earnings from self-employment. Multiply line 3 by 92.35% (.9235). If less than $400, do not ~

file this schedule; you do not owe self·employment tax

I

5 Self-employment tax. If the amount on line 4 is:

• $97,500 or less, multiply line 4 by 15.3% (.153). Enter the result here and on

Form 1040, line 58.

•

More than $97,500, multiply line 4 by 2.9% (.029) . Then. add $12,090 to the result.

Enter the total here and on Form 1040, line 58 .

6 Deduction for one-half of self-employment tax. Multiply line 5 by 50% (.5). Enter the result here and on Form 1040. line 27 LHA

r

6

I

For Paperwork Reduction Act Notice, see Form 1040 instructions.

4,592. Schedule SE (Form 1040) 2007

724501 11-05-07

10370807 786859 630

18 2007.07080 PERRY, JAMES R.

630

1

Schedule SC (Forrr. 1(40) 2007

At:achment Seouence No I

I Social

Name of person with self-employment income (as shown on Form 1040)

I~:~~~

JAMES R. PERRY

17

Page

II

security number of wlthself-emPIOyme;

2

i__

Section B - Long Schedule SE '1

~artll Self-Employment Tax Note. If your only income sublect to self-employment tax IS church employee income, skip lines 1 through 4b_ Enter -0- on line 4c and go to line 5a Income from services you performed as a minister or a member of a religious order is not church employee income. See page SE-l.

A If you are a minister, member of a religiOUS order, or Chrrstlan SCience practitioner and you filed Form 4361. but you had $400 or

more of other net earnings from self-employment, check here and continue with Part I

I

1

Net farm profit or (loss) from Schedule F, line 36, and farm partnerships, Schedule K-l (Form 1065), box 14, code A. Note. Skip this line if you use the farm optional method (see page SEA)

2

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

1

(other than farming); and Schedule K-1 (Form 1065-8), box 9, code J1. Ministers and members of religious orders, see page SE-l for amounts to report on this line. See page SE3 for other income to report Note. Skip ttlis line if you use the nonfarm optional method (see page SEA)

S EESTA,TEMEN':I'2:3

4a b c

If line 3

IS

more than zero, multiply line 3 by 92.35% (.9235). Otherwise, enter amount from line 3

If you elect one or both of the optional methods, enter the total of lines 15 and 17 here.

5a

~~t:~~~~i~~ho~r~~u~:p~::I:;::~::;:m

F ormW2.SeepageSE-l ..... ____ ..

b

lJ

Maximum amount of combined wages and self-employment earnings subject to social security tax or

8a

Total social secunty wages and tips (total of boxes 3 and 7 on f'orm(s)

the 62% pOll/on of the 7.65% railroad retirement (tier 1) tax for 2007

f_d~-___~l' L

W-2) and railroad retirement (tier 1) compensation_ If $97,500 or more. skip lines 8b through 10, and go to line 11 Unreported tiPS subject to social security tax (from Form 4137, line 10)

8b

c Wages subject to social security tax (from Form 8919, line 10)

10

I Be

6

5 38l.

7

97.500.00

49_4.

I

Add lines 8a, 8b, and 8c

8d ~

Subtract line 8d from line 7_ If zero or less, enter ·0- here and on line 10 and go to line 11 Multiply the smaller of line 6 or line 9 by 12.4% (.124)

11

Multiply line 6 by 2.9% (.029)

12

Self-employment tax. Add lines 10 and 11> Enter here and on Form 1040, line 58

13

Deduction for one-half of self-employment tax. Multiply line 12 by 50% (.5). Enter the result here and on Form 1040, line 27

I PartJ!j

5,381.

-

5b

7

d

5-L381 .

-~

Multiply line 5a by 92.35% (.9235). If less than $100, enter -0­ Net earnings from self-employment. Add lines 4c and 5b

9

4a

I 4e

~

. _.....

6

b

5,827. 5,827.

4b

Combine lines 4a and 4b. If less than $400, stop; you do not owe self-employment tax. Exception.

If less than $400 and you hao church employee income, enter -0 and continue

3

2

Combine lines 1 and 2

3

.--JL. - - - - - - - - - - - ..1Q.... , - - - - ­

156. 156.

11

Optional Methods To Figure Net Earnings

I

~--

I

13

i

78.

(see page SEA) -

Farm Optional Method. You may use thiS method only if (a) your gross farm income

1

-

was not more tl lan $2,400, or

(b) your nGt farm profits 2 were less than $1,733. 14

Maximum Income for optional methods

14

15

Enter the smaller of: two-thirds (2/3) ot gross farm income 1 (not less than zero) or $1 ,600. Also include tllis amount on line4b~ above -~~~~~~~~~~~~~~~~~~~~~>

15

1,600_00

----­

Nonfarm Optional Method. You may use this method only if (a) your net nonfarm profits 3 were less than $1,733 and also less than 72.189% of your gross nonfarm income~ and (b) you had net earnings from self·employ ment of at least $400 in 2 of tile prior 3 years. Caution. You may use this method no more than five times_ 16

Subt,act line 15 from line 14

17

Enter the smaller of: two-thirds (2/3) of gross nonfarm income 4 (not less than zero) or the amou n, on

16

line 16. Also include this amount online 4b above. 1 2

From Sell. F, line 11, ,mel Sch. K-1 (For III 1065), box 14, code B.

From Sell. F, line 36, and Sch. [<-1 (Form 1065), box 14, code A

7?4~n?

.....

-

.

3 From Sch. C , line 31: Sch. C-£Z, line 3; Sell_ K-1 (Form 1065), box 14, code A; alld

Sch. K-1 (Form 1065-B), box 9, code J1. 4 From Sch. C, 'ine 7; Sch. C-EZ, line 1; Scl:_ K-1 (Form 10G5), IJOX 14, r.ode C; and Sch [<-1 (Form 1065-B), box 9, code ~2.

Schedule SE (Form 1040) 2007

/ 11-05-07

10370807 786859 630

I 17

19 2007.07080 PERRY. JAMRS

R_

OMB No 1545-0121

1116

Form

2007

Foreign Tax Credit

Department of the Treasury Intern;)1 Revenue SerVice (99)

~

(Individual, Estate, or Trust) Attach to Form 1040, 1040NR, 1041, or 990-T.

Identifying number as shown on page

Name

J~ES R. & M. ~ITA PE=R=R=Y~

1 at

you, tax 'eturn

~.~

_

Use a separale Form 1116 for each category of Income listed below. See Categories of Income beginning on page 3 of the Instructions. Check only one box on each Form 1116. Report all amounts In U.S. dollars except wll8le specified in Part II below. a

[X]

Passive category Income

b

0

General category Income

f Resident of (name of country) ~

cO

e

Section 901 (j) Income

dO

0

Lump-sum distributions

Certain Income re-sourced by treaty

UN--=---:I TE,..D S'-'T"""A--=-TE=S

_

Note: If you paid taxes to only one foreign country or U.S. possession, use column A in Part I and line A in Part II. If you paid taxes to more than one

foreign country or U.S. possession, use a separate column and line for each country or possession.

I Part I I Taxable Income or Loss From Sources Outside the United States (for Category Checked A_bo_v.e..,e)

,-

_

Foreic n Countrv or U.S. Possession A

g

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

~

possession

Total (Add cols. A, B, and.r;:J

C

B

pTHER rOUNTRIES

1a Gross Income from sources within country shown above

and of the type checked above:

-_.---------------_._-~

24 209.

1a

24 209.

6 7

80. 24 129.

b Check if line 1a is compensation for personal services as

an employee, your total compensation trom all sources is

$250,000 or more, and you used an alternative basis to

0

determine its source (see instructions) ~ Deductions and losses (Caution: See pages 14 and 15 of the instructions):

Expenses definitely related to the income on line 1a

(attach statement)

Pro rata share of other deductions not definitely related:

2 3

a Certain Itemized deductIOns or standard deduction

f--_ _

b Other deductions (attach statement)

d Gross foreign source Income

e Gross Income from all sources Divide line 3d by line 3e

9 Multiply line 3c by line 31 4

-------_

2 826.

24 209. 1 135 743.

.0213161 60.

c Add lines 3a and 3b

f

=2--'---".8c.-2...,6"-"-1. ------~f----

Pro rata share of interest expense:

a Home mortgage interest (use worksheet on page H

20.

of the Instructions) . b Other interest expense

5 6

i

Losses from foreign sources Add lines 2, 3g,

~a, ~b.

80.

and 5

7 Subtract line 6 from line 1a. Enter the result here and on line I

Part II

I

F_o_r_e_i...g,_n.t_axes paid or accrued

..

[][] PaId

8 (i) 0

~

paQe 2

Foreign Taxes Paid or Accrued

Credit is claimed for taxes (you must 1:' check one)

§ (h)

1~.

Taxes withheld at source on:

Acc,ued

-t_(.j).-'a"'~a...~"'~cC'~~"'~d'"-d_ +(...k..)

- - - - - - - - - - - - - - - _ ..

In for eig n cu rre ncy

DIvidends

(m) Inle,esl

__ . _ ­

In U.S. dollars (n) Other foreign taxes paid 01 accrued

(r) Other foreign taxes paid or accrued

Taxes withheld at source on: (o)

(q) Inlerest

DIvIdends

(s) Total foreign taxes paid or accrued (add cols. (0) th,ough (r))

77.

A

77.

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

~~~~~

~ 8 _ _~-'--'=--.r.--''--'-

_ _~

~~

For Paperwork Reduction Act Notice, see sep<Jrate instructions.

I

Form

7 ~7----: ---'--'-::.. 1116 (2007)

711501

12-21-07

10370807 786859 630

20 2007.07080 PERRY,

J~ES

R.

630

1

JAMES R.

Form 1116 (20071

Part III I

&

M. ANITA PERRY

9 Enter the amount from line 8. These are your toral foreign taxes paid or accrued for tna category of Illcome checked above Par I I

10 11

77.

9

1

Carryback 01 carrvovcr (attach detailed computation;

Page 2

--'I

Figuring the Credit

SEE STATEMENT 25

10

3•

.

<.

111

Add lines 9 and 10

80.

121

12 Reduclion in forclgn taxes

13

13 Subtract line 12 tram Ime 11. This IS the total amount of foreign taxes available tor credit

14

Enter the amount from IlIle 7. ThiS is your taxable income or (loss) from sources outside the United States (before adjustments) for the category 01 income ctlecked above Part I

15 Adiustments to line 14 16 Combine the amounts on lines 14 and 15. This is your net foreign source taxable IIlcome. (tf the result is zel a or less, you have no foreign tax credit for the category of income

you checken above Part I. Skip lines 17 through 21. However, if you are filing more than one Form 1116, 'Iou must complete Ime 19.)

I 1

I

14

1

24,

80.

12_~

l1J 116/

I

24 129.

I

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

913.

18 Divide line 16 by line 17. if line 16 is more than line 17, enter "1" 19 Individuals: Enter fhe amount from Form 1040, line 44. if '1011 are a nonresident allen, enler the amount from For 111 1040NR, IlIle 41.

II-

.041465

Estates and trusts: Enter the amount from Form 1041, Sclledule G, line 1a, or the total of Form 990-T,

1191

lines 36 and 37

177 677.

Caution: If you are completing line 19 for separate category e (lump-sum distributions). see pg. 20 of the instructions. 20 Multiply line 19 by line 18 (maximum amount of credit) 21 Enter the smaller of line 13 or line 20. If this is the only Form 1116 you are filing, skip Imes?? through 26 and enter this amount on line 21. OtherWise, complete the appropriate line in Part IV

I Part IV

~

80.

21

Summary of Credits From Separate Parts III

22 Credit for taxes on passive category income 23 Credit jor taxes on general category income

24 Credit for laxes on certalll income re-sourced by treaty 25 Credit for taxes on lump-sum distributions 26 Add lines 22 through 25 .

26

t-"2~7+----­

27 Enter the smaller at Ime 19 or line 26 28 Reduction of credit for international boycott operations

~Q-'-

28

29 Subtract line 28 from line 27. This IS your foreign tax credit. Enter here and on Form

1O~0,

Ime 51;

Form 1040NR line 46' Form 1041 Schedule G.linc fa' or Form 990-T.linc 10a

~

80.

29 Form

1116

(2007)

711511

1.2-21-07

0370807 786859 630

21 2007.07080 PERRY, JAMES R.

1

Form

6251

OMB No 1545-0074

2007

Alternative Minimum Tax - Individuals

Department of the Treasury Internal Revenue Service (99)

~

Attach to Form 1040 or Form 1040NR.

Your social security number

Name(s) shown on Form 1040 or Form 1040NR

1­

If filing Schedule A (Form 1040), enter the amount from Form 1040, line 41, and go to line 2. Otherwise,

!---,---1-+-------'1"'--'~

enter the amount from Form 1040, line 38, and go to line 7. (If less than zero, enter as a negative amount.)

2

MedIcal and dental EnlE:'r the

smaller

of SChedule A (Form 1040) line 4,

or

2.5"/0 (025) of Form 1040. linE: 38 II zero or less, enter -0- ..

I

3 Taxes from Schedule A (Form 1040), line 9 .

__~_6, 055.

~3

8 Investment interest expense (difference between regular tax and AMT)

'I6~:r'L

9 Depletion (difference between regular tax and AMT)

I

4 Enter the home mortgage interest adjustment, if any, from line 6 of the worksheet on page 2 of the instructions.

5 Miscellaneous deductions from Schedule A (Form 1040), line 27 .

6 If Form 1040, line 38, is over $156,400 (over $78,200 if married filing separately), enter the amount from line 11

_

of the Itemized Deductions Worksheet on page A 10 of the instructions for Schedule A (Form 1040)

I

7 Tax refund from Form 1040, line 10 or line 21

10 Net operating loss deduction from Form 1040, line 21. Enter as a positive amount

10 11

12 Oualified small business stock (7% of gain excluded under section 1202)

12

13 Exercise of incentive stock options (excess of AMT income over regular tax income)

13

_

~ - - - -

.~--

-----..1.1.

15 Electing large partnerships (amount from Schedule K 1 (Form 1065-8), box 6)

15

16 Disposition of property (difference between AMT and regular tax gain or loss)

16

17 Depreciation on assets placed in service after 1986 (difference between regular tax and AMT) 18 Passive activities (difference between AMT and regular tax Income or loss)

<6,703._>

9

11 Interest from specified private activity bonds exempt from the regular tax

14 Eslates and trusts (amount from Schedule K·1 (Form 1041), box 12, code A) .

946 •

2

..

---.1L.1 - - - - - - - - - - - - ­

SEE STbTEMENT 26

19 L_oss limitations (difference between AMT and regular tax income or loss)

o.

18 19

:L

20 Circulation costs (difference between regular tax and AMT)

I

20

21 Long-term contracts (difference between AMT and regular tax income)

22

22 Mining costs (difference between regular tax and AMT)

~-

23 Research and experimental costs (difference between regular tax and AMT) 24 Income from certain installment sales before January 1, 1987

24

25 Intangible drilling costs preference

25

._-­

~~ 27

26 Other adjustments, including income-based related adjustments 27 Alternative tax net operating loss deduction 28 Alternative minimum taxable income. Combine lines 1 through 27. (If married filing separately and line 28 is more than $207,500, see instructions)

---

1 086 298.

28

I Part II I Alternative Minimum Tax 29 Exemption. (If this form is for a child under age 18, see instructions.) IF your filing status is. AND line 28 is not over Single or head of household. $112,500 ... Married filing jointly or qualifying widow(er).. 150,000 . . Married filing separately. 75,000

THEN enter on line 29. $44,350 66,250 33,125

}

1]

o.

If line 28 is over the amount shown above for your filing status, see instructions. 30 Subtract line 29 from line 28 If more than zero, go to line 31. If zero or less, enter -0- here and on lines 33 and 35 and skip the rest of Part II 31 • If you are filing Form 2555 or 2555-EZ, see page 8 of the instructions for the amount to enter. • If you reported capital gain distributions directly on Form 1040, line 13; you reported qualified dividends on Form 1040, line 9b; or you had a gain on both lines 15 and 16 of Schedule D (Form 1040) (as refigured for the AMT, if necessary), complete Part Ilion page 2 and enter the amount from line 55 here . • All others: If line 30 is $175,000 or less ($87,500 or less if married filing separately), multiply line 30 by 26% (.26). Otherwise, multiply line 30 by 28% (.28) and subtract $3,500 ($1,750 if married filing separately) from the result.

1,086,298.

30

~

32 Alternative minimum tax foreign tax credit (see instructions)

132

33 Tentative minimum tax. Subtract line 32 from line 31 .

r---=33'---+-

34 Tax fronl Form 1040, line 44 (minus any tax from Form 4972 and any foreign tax credit from Forml0'lO, line 51). If you used Sch J to figurD your tax, the amount from line 44 of Form 1040 must be refigured with')'rt using Sch J 35 Alternative minimum t<JX. Subtract line 34 from line 33. If zero or less. enter -0-. Enter here and on Form 1040, line 45

;~:;~-17 LHA

80. -=1~ 5-L~Jl.3----!..

177,597. 8,086.

,

For Paperwork Reduction Act Notice, see instructions.

10370807 786859 630

o 341

185,763!..,

22 2007.07080 PERRY, JAMES R.

Form 6251 (2007)

630

1

rFo_r_m_6_2_5~1,--(2_00_7..:...) I

.:"'J:..o.AM=E=S--"R,o-.:..-.:::::&--"M=-.:..-AN=c..::I:....:T::.,:A"':-.=:.P.=E:..:R-'::'R:..o.Y=----

-----'

Part III , Tax Computation Using Maximum Ca~pjt... a,--I-=G=-=a"'in'-"s=---=-R a,"-ot-=e... s

Pa--"Q'--e----'---2

-----,

U

36 Enter the amount from Form 6251, line 30. If you are filing Form 2555 or 2555·EZ, enter the amount from line 3 of the worksheet in the Instructions

36

I

1 , 086 , 298

.

I

37 Enter the amount from line 6 of the Qualified Dividends and Capital Gain Tax

,

Worksheet in the instructions for Form 1040, line 44, or the amount from line 13 of the Schedule 0 Tax Worksheet on page 0·10 of the Instructions for

" I

Schedule 0 (Form 1040), whichever applies (as refigured for the AMT, if necessary) (see the instructions). If you are filing Form 2555 or 2555·EZ, see instructions for the amount to enter

I

883 852.

37

38 Enter the amount from Schedule 0 (Form 1040), line 19 (as refigured forthe

I

AMT, if necessary) (see instructions). If you are filing Form 2555 or 2555·EZ,

I

see instructions for the amount to enter .

38

39 If you did not complete a Schedule 0 Tax Worksheet for the regular tax or the AMT, enter the amount from line 37. Otherwise, add lines 37 and 38, and enter the smaller of that result or the amount from line 10 of the Schedule D Tax Worksheet (as refigured for the AMT, if necessary). If you are filing Form 2555

I

I

or 2555·EZ, see instructions for the amount to enter.

39

I

I

883 852.

I

40 Enter the smaller of line 36 or line 39

~

41 Subtract line 40 from line 36.

41

...____~8J_L852___ 202,446.

42 If line 41 is $175,000 or less ($87,500 or less if married filing separately), multiply Iine 41 by 26% (.26) Otherwise, multiply line 41 by 28% (.28) and subtract $3,500 ($1,750 if married flli ng separately) from ~ ~ _~.

the result

_____ ..5_3.l.JJ~~~

43 Enter: • $63,700 if married filing Jointly or qualifying widow(er),

W­

}

• $31,850 if single or married filing separately, or • $42,650 if head of household.

63 700.

44 Enter the amount from line 7 of the Qualified Dividends and Capital Gain Tax Worksheet in the instructions for Form 1040, line 44, or the amount from

I

line 14 of the Schedule 0 Tax Worksheet on page 0 10 of the instructions for Schedule 0 (Form 1040), whichever applies (as figured for the regular tax). If

1M

199,695.

45 Subtract line 44 from line 43. If zero or less, enter ·0·

45

O.

46 Enter the smaller of line 36 or line 37

46

883,852.

you did not complete either worksheet for the regular tax. enter ·0·

I

47 Enter the smaller of line 45 or line 46

47

~

48 Multiply line 47 by 5% (.05)

l1L

49 Subtract line 47 from line 46

48

883,852. ~

50 Multiply line 49 by 15% (.15)

~

If line 38 is zero or blank, skip lines 51 and 52 and go to line 53, Otherwise, go toline51.

l21J

51 Subtract line 46 from line 40

~

~

52 Multiply line 51 by 25% (.25) 53 Add lines 42, 48, 50, and 52

52 53

i~·

54 If line 36 is $175,000 or less (S87,500 or less if married filing separately), multiply Iine 36 by 26% (.26).

132,578.

185,763.

I 1

I

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

I

the result

154 _____ .J.QQ..J_9j~J. ___

55 Enter ti,e smaller of line 53

r'-~

01

line 54 here and

t his am 0 unton lin e 3 1. In stead. en ter it

0

011

lino 31. If you are filing Form 255 5 or

2~)5,)·FZ,

do not enter

n lin e 4 of tic...'"::...\",'/""0c...rk""s::...h""e""ec...t I1cct",h",e...:.i:..:.11s",t::...ru::.c::..:t::..:i0:..:.I1.:.:s"-'-'--'-"--'-"--'-"--'-"--'-"--'-"--'-"--"--'--'--'-"---'--....:5.::.,:C>::.·...J.1 ::...i

---=l=8....:~"-- .L,_7'-"6....:3='-'-. Form

6251

(2007)

719591 12-26-07

10370807 786859 630

23 2007.07080 PERRY, JAMES R.

630

1

FI

ALTERNATIVE MINIMUM TAX RECONCILIATION REPORT Social Security Number

~AMES

R. & M. ANITA PERRY

I

Form Name

Adjustment

I

I

Description

Income

Form 6251, Line 16

!

Kl- p".R. PERRY CO. * REGULAR INCOME * AMT NET INCOME

Form 6251, Line 17

Form 6251, Line 18

Form 6251

Form 6251, Line 19 -­

I

-­

r-- Other Adjustment

1,654. 1,654.

I I

'I

I !

I I I

I

I

I

I I

I

I

I

l 719911

04-27-07

I ,

I

I

~

-

';S3cj:

No

I

Date Acquired

Description

AMT Cost Or Basis

I

AMT Accumulated

Regular Depreciation

PROPERTY ­ ** SUBTOTAL ** *** GRAND TOTAL ***

08101107 SL I

I

27.50

I

AMT Depreciation

NvlT

I

Adjustment

167,679. 167,679.

o. o.

1,523. 1,523.

1,523·1 1,523.

o. o.

167,679.

o.

1,523.

1,523.1

o.

7281C4 04-27-07

24.1

1116

Form

OMB No 1545-0121

ALTERNATIVE MINIMUM TAX

2007

Foreign Tax Credit

Dep3ftment of the Treasury Internal Revenue SerVice (99)

(Individual, Estate, or Trust) Attach to Form 1040, 1040NR, 1041, or 990-T.

~

Identifying number as shown on

Name

page 1

of you' tax return

JAMES R. & M. ANITA PERRY

Use a separate Form 1116 for each category of income listed below. See Categories of Income beginning on page 3 of the instructions. Check only one box on each Form 1116. Report all amounts III U.S. dollars except where specified rn Part II below. a

[X]

Passive category Income

b

0

General category income

f Resident of (name of country) ~

cO

dO

e

Section 901 (j) Income

0

Lump-sum distributions

Certain Income re-sourced by treaty

UNITED STATES

Note: If yOIl paid taxes to only one foreign countly or U.S. possession, use column A in Pan I and line A in Pan/l. If you paid taxes to more than one foreign country or U.S. posseSSion, Ilse a separate column and Ime for each country or possession.

I Taxable Income or Loss From Sources Outside the United States (for Category Checked Above)

Part I

I

A _ _--'F--'o''_'r_e_~i(";,n~C~o~u=n~t~ry~B=o~r =U~.S=.~P_o=Si"S"-'e'C,s'-'s"-io=n"--c----1

f-

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

Enter the name of the foreign country or U.S. ~

possession

PTHER COUNTRIES

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

24 209. b Check if line 1a

IS

24 209.

1a

compensation tor personal services as

an employee, your total compensation from all sources is S250,000 or more, and you used an alternative basis to

0

determine its source (see Instructions) ~ ------'----'--'----"=-----====-+--------+---------+--------+-..., Deductions and losses (Caution: See pages 14 and 15 of the instructions).

2

Expenses definitely related to the income on line 1a (attach statement) Pro rata share of ollle! deductions not definitely related:

3

a Cel tain itemized deductions or standard deduction b Other deductions (attach statement) c Add lines 3a and 3b

'-4209

1---

2

d Gross foreign source Income

1 135 743.

e Gross income from all sources f

.021316

DiVide line 3d by line 3e

f---_----'"-4~4.

g Multiply line 3c by line 31 4

Pro rata share of interest expense:

a Home mortgage interest (use worksheet on page 14 of the Instructions) 5

Losses from foreign sources Add lines 2. 3g, 4a. 4b, and 5

~-

_

b Other Interest expense 6

.1-------+---------1

_ _- ­

44.

I

Part II

I

44. 24 165.

6 ~

7 Subtract Ime 6 from line 1a. Enter the result here and on Ime 14, pane 2

7

Foreign Taxes Paid or Accrued

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

Credit is claimed Foreign taxes paid or accrued for taxes I-----------------------------"r----'------------------------.-------­ (you must In foreign currency III U.S. dollar s

r:­

§ <3

check one) (h) [X] Paid Taxes withlleld at source on: (i) Accrued 0) Date paid (k) DIVldends[J1) Rentsand (m) Interest

0

(n) Other foreign taxes paid or accrued

Taxes withlleld at source on: (0) DIVidends

(p) ~~;~,11~~d

(q) Interest

(r) Otller foreign taxes paid or accrued

~Total I

foreign or accrued (add cols. (0) tllrougll (r))

\~~xes paid

~M~_ !~~=a=M~~s~~~~~~~~~~~~~~~:~~~~~~~~~~::::~I=:===~-l~:_-_-_-_~-~-_-~~.+1~.-_-~-_--~-_=~-_~_~7_~7_~_.

8 Md line; 1\ tllrougll C, CUlilllln (s). enter tile totaillere ollil Oil Ilile 9, page 2 LHA

For Paperwork Reduction Act Notice, see separate instructions.

77.

~181 ;'oem

1'1 '16

(2007)

? 11501 12-21-07

10370807 786859 630

25 2007.07080 PERRY, JAMES R.

630

1

ALTERNATIVE MINIMUM TAX ANITA PERRY ---:

9 Enter the amount from Ime 8. Tilese are your total foreign taxes paid or accrued

I

for the category at mcome cllecked above Pari I

SEE STATEMENT 27

10 Carryback or carryover (attach detailee computation)

Page 2

i ,

77.

It­ 1

3.1 ~ _____'8~9____"_

10 I

=...;1----------:::....:...

r-i

11 Add lines 9 and 10

~uL

12 Reduction in foreign taxes

1121

13 Subtract Ime 12 from lme 11. ThiS is the total amount of fOlelgn taxes available for credit 14 Enter the amount flam line 7. ThiS IS your taxable income or (loss) from sources outside the

24 165.

Umted Slates (before aOJustments) for the category of mcome checked above Part I 15 Adjustments to line 1~

16 Combine the amounts on Imes 1~ and 15. ThiS IS your net foreign source taxable Income.

(If the result is zero or less, you have no foreign lax credit for the category of Income

you cllecked above Part I. Skip Imes 171hrough 21. However, If you are filing more than

one Form 1116, you must complete line 19.)

24 165.

I

I

17 Individuals: Enter the amount from Form 10~O, line H If you are a nonresident alien, enter the amount tram Form 1040NR, line 38. Estates and trusts: Enter your taxable

income without fhe deduction for your exemption SEE STATEMENT 28 i 17 675 Caution: If you figured your tax using the lower rates on qualified dividends or capital gains, see instructions 18 Divide line 15 by line 17.11 line 151s more than line 17, enter "1" 19 Individuals: Enter the amount from Form Form 10~ONR, line H

10~O,

Estates and trusts: Enter the amount from Form

line

~4.

10~1,

926.

Schedule G, line 1a, or the total at Form 990-T,

lines 36 and 37

1

Caution: If you are completing line 19 for separate category e (lump-sum distnbutions), see pg. 20 of the instructions. 20 Multiply line 19 by line 18 (maximum amount of credit) 21 Enler the smaller of line 13 01 line 20. if 1I1lS is tile only Form 1116 you are fiimg. Skip lines 22 tllrough 25 and enler tillS amount on line 27. Otherwise. complete the appropriate line in Part IV

LPart IV I

.035751

I"

If you are a nonresident allen, enter the amount from

185 763.

19

I

F--~_..L..641.

~121

80.

Summary of Credits From Separate Parts III

22 Cledlt lor taxes on passive category Income 23 Credit (or taxes on general category Income

la=----------1

24 Credit for taxes on certain income re-sourced by treaty 25 Credit for taxes on lump-sum dlstriblltions 26 Add lines 22 through 25

r=2=6'-t-~~~~

28 Reduction of credit for international boycott operations

f-"2,,-8,+--~~~

29 Subtract line 28 from line 77_ This is your foreign tax credit. Enter here and on Form Form

10~ONR

line

~6'

_

r-2~7-+---~~~~ _ _8_0_.

27 Enter tile smaller of line 19 or line 76

For1ll1041. Schedule G.line 2a' or Form 990-T.llne

10~0,

..__

lille 51;

~Oa

80.

29 Form

1116 (2007)

711511 12-21-07

26 l~370807

786859 630

2007.07080

PERRY,_J~AM~E~S~R~.

6~3~0~~~1~__

r:orrr:

OMS

SCHEDULE E- 2

4562

2007

Depreciation and Amortization (Including Information on Listed Property)

Department of the Treasury Internal Revenue Service

~

~

See separate instructions.

Attachment Sequence No

Attach to your tax return.

67

I Identifying number

Business or activity to whlcn this form relates

Name{s) shown on return

No 1545-0172

ESIDENTIAL RENT PROPERTY ­

JAMES R. & M. ANITA PERRY Par:!lJ Election To Expense Certain Property Under Section 179 Note: If you

have any listed property, complete Part V before you complete Part

1- -

~21

1 MaXimum amount. See the instructions for a higher limit for certain businesses

r

12 5-,-O-O~O~.

2 Total cost of section 179 property placed In service (see instructions)

3 Threshold cost of section 179 property before reduction in limitation~! 4---1 4 Reduction in limitation. Subtract line 3 from line 2. If zero or less. enter -01-----_

5 Dollar limitation for tax yeal Subtract line 4 from line 6

It zero

1

O'

less enter

-0 .

If malfled frj!"Jl sepalatel\ see Instructions

I

(a) DeSCription of property

Ic) Eleoted cost

I

I ~~

r71-------­

----=:J

7 Li,I,d pcoperty E,'" Ih"mooc!fcom Ii" ?9

_

5

Ib) Cos: (bUSiness use only)

-----~------------II

50 0 , 000 •

8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 .

8-+

f-I

9 Tentative deduction Enter the smaller of line 5 or line 8 .

_

11-----"'9---1

_

~

10 Carryover of disallowed deduction from line 13 of your 2006 Form 4 5 6 2 " : : : 110+

i

11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 12 Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11 13 Carryover of disallowed deduction to 2008. Add lines 9 and 10, less line 12 Note: Do not use Part /I or Part II/ below for listed property. Instead, use Part V.

I Part II [

..

c'-'~"~"~"'-i"~"~~~~~~~~..l1--,1,,2'--t-----------

~,----1 3=---.l.1

--"--

_

Special Depreciation Allowance and Other Depreciation (Do not include listed property.)

14 Special allowance for qualified New York Liberty or Gulf Opportunity Zone property (ottler tllan listed property) and cellulOSIC biomass ettlanol plant property placed in service during the tax vear 15 Property subject to section 168(f)(1) election 16 Other de reeiation ineludin

Part III

11

ACRS

H-r:-i~ . .__ . . n;1-----­ .

16

MACRS Depreciation (Do not include listed property.) (See instructions.)

~~~I~-yA-O~-:~-~-,~-c-:d-na-U

Section A

a-f~-:-:-s:-:-t:-t:-,a-:-~:-~-ne-:-eri-v~-c:-:-~-, -~:-~-hi-~-t:-~-:e-:-e-,:-t~S-o~: ' :::~~e~e:~~::e~~::unts. chec""k"-h",e,,,re_~'~"~ ~

~=======

t ron- : c--:- :i u Section B - Assets Placed in Service During 2007 Tax Year Using the General Depreciation System -----, (c) BaSiS lor depreciation (b) Month and (d) Recovery

(a) CICJsslflcallon of property

(bUSineSs/Investment use only - see Instructions)

yea, placed In servIce

(e) Co:rventlon

period

5 year property

c

7-year property

i (f} Method

--=--=--=-===

(g) Depreciation deduction

I

-I

~}·year property

b

D

--

-

_d__ 1O-year property

e

15-year property

f

20'year property

~~ear

r---­

J

property

h

Residential rental property

i

Nomesidential real property

25 yrs.

8 107

ced

Part IV I

21

111 64l.

- - - - _.-.------­

S/L

27.5 yrs.

MM

S/L

I

27.5 yrs.

MM

S/L

I

39 vrs.

MM

S/L

MM

S/L

I

20;-:~"~' S
----- ---------

0 2007 ""9

T"

:=urr:;=c:J'tif:~

1~~

Syf-------­

Summary (see instructions)

I

Listed propel1y. Enter arnount from line 28

21

I

~-------

22 Tot:I1. f\dd arnounts from line 12, lines 14 tllroUgll 17. lines 19 and 20 in column (g), and lille 21 . Enter here and on tile d[1[1ropriate lines of your r,)l,:rn. Pal1nerships alld S corporations - see illstr. 23 For assets showil abovo

,HlcJ

placed in

SOl

--20r1ion of tile basis attributable to sectioll 2G3A costs

;;6gi_6/

23

LHA For Paperwork Reduction Act Notice, see separate instructions.

10370807 786859 630

l~h

. 22

vice during the current ye"r, ellter the

27 2007.07080 PERRY, JAMES R.

Form 4562 (2007)

630

Form 4562 (2007) JAMES R. & M. ANITA PERRY Page 2 Part V Listed Property (Include automobiles, certain other vehicles, cellular telephones, certain computers, and property used for entertainment, recreation, or amusement.) Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (aJ through (ci of Section A, all of Section B. and Section C if apolicable Section A - Depreciation and Other Information (Caution: See the instructions for lImits for passenger automobiles)

0

I

DYe0 No_

pf)

24a Do you have eVidence to support the busineSS/investment use claimed? [ ] Yes No 24b If "Yes" is the evidence written? I (c) (b) (9) (h) I (a) (d) I (.) Date Business/ BasIs for oeoreclatlon RecQver l ! Depreciation Type of property Method/ Cost or Investment placed In (bUSiness/Investment period J deduction (list vehicles first) Convention other basis use only) use percenlage service 1

T

(i) Elected section 179 cos!

25 Special allowance for qualified Gulf Opportunity Zone property placed in service during the tax year and used more than 50% in a qualified business use"

25 ~-------

26 Property used more than 50% in a qualified business_u_s_e_:

-~ _n~ 27 Pcop.rt, ccod 50% oc

l'

J==

E~

'0

I

f_-~-==,-==I=--_~

I

"qC"'FJE------~

=lI J~;~

[%-5_ ~

S/L­

28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1

29 Add amounts in column (i). line 26. Enter here and on line 7. page 1 Section B - Information on Use of Vehicles

Complete this section for vehicles used by a sole proprietor, partner, or other "more than 5% owner," or related person.

If you provided vehicles to your employees, first answer the questions in Section C to see if you meet an exception to completing :his section lor

those vehicles.

(a) 30 Total business!lnvestment miles driven during the

Vehicle

I

(:~,-~---"e( oj

V~hicle

year (do not Include commuting miles)

-~._-~

(d)

driven

Vehicle

Vehicle

+-

31 Total commuting miles driven during the year 32 Total other personal (noncommuting) miles

(e)

(f)

1

Vehicle

I

Vehicle ---­

I

~'

33 Total miles driven during the year. Add lines 30 through 32,

Not~

---

34 Was the vehicle available for personal use

Yes

No

Yes

No

Yes

during off-duty hours?

I

t-

I

35 Was the vehicle used primarily by a more than 5% owner or related person? use?

1_

I

I

No

Yes

I I

No

I-I [-­

I

36 Is another vehicle available for personal

Yes

Section C - Questions for Employers Who Provide Vehicles for Use by Their Employees Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who are not more than 5% owners or relat-=-e-=d-,p",e",r-=s-,--o.:..n.=.s.:...

_

37 Do you maintain a written policy statement that prohibits all persona! use of vehicles, including commuting, by your

Yes

---.NQ_

employees? , 38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners 39 Do you treat all use of vehicles by employees as personal use?

~--

--~--

40 Do you provide more than five vehicles to your employees, obtain information from your employees about the use of the vehicles, and retain the information received? 41 Do you meet the requirements concerning qualified automobile demonstration use? Note: If vour answer to 37,38,39 40 or 41 is "Yes," do not comolete Section B for the covered vehicles. I

Part VI

I Amortization

l

(a) DeSCription of costs

I'

(b) Date amortlllllion

I

begins

(e)

(dl

Amortizable amount

Code

I

section

(e)

Am artlZ
I

pefl8d or pe,cen~ge

(f) Amortlzaltan for ttllS y~ar

-­

42 Amortization of costs that begins dUring your 2007 tax year:

-----===-u---±__3---------~-_

~-~-~=-~-_

--+---

43 /,,,,,xtization of costs that b8gan befor8 YOl.,r 2007 tax year

44 Tot]!. Add

amoullts in column

(D.

See the instructions for where to reoort

-j-'~-------'---------

43

I

441 Form 4562 (2007)

716:252/11-03-07

10370807 786859 630

- -,

i ---------t­

28 2007.07080 PERRY, JAMES R.

630

1

Form

8582

OMS No 1545 1008

Internal Revenue Service

2007

Passive Activity Loss Limitations

Department of the! reasur)'

~

(99)

~ See separate instructions. Attach to Form 1040 or Form 1041.

Name(s) shown on return

Identifying number

R. & M. ANITA PERRY 2007 Passive Activity Loss

Caution' Complete Worksheets 1, ?-, and 3 on page 2 before completing Part I.

Rental Real Estate Activities With Active Participation (For the definition of active participation, see

Special Allowance for Rental Real Estate Activities on oage 3 0; the instructions.)

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

column (a))

1a

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

column (b))

1b

I

I 1c

c Prior years unallowed losses (enter the amount from Worksheet 1, column (c)) d Combine lines 1 a, 1 band 1 c ..

1d

Commercial Revitalization Deductions From Rental Real Estate Activities

I 2~1

2a Commercial revitalization deductions from Worksheet 2, column (a) b Prior year unallowed commercial revitalization deductions from Worksheet 2. column (b)

~

I

lb

~

I

I

c Add lines 2a and 2b

2c

All Other Passive Activities 3a Activities with net income (enter the amount from Worksheet 3,

column (a))

3a

I

I

~:~r

b Activities wittl net loss (enter the amount from Worksheet 3,

column (b))

c Prior years unallowed losses (enter the amount from Worksheet 3,

column (c))

.3c1

----.­

1,654.

d Combine lines 3a. 3b. and 3c

4

3d

1 654.

4

1,654.

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

unallowed losses entered on line 1 e, 2b, or 3e Do not complete Form 8582. Report the losses on the forms and

I

schedules normally used If line 4 is a loss and:

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

Caution: If your filing status is married filing separately and you lived with your spouse at any time dunng the year, do not complete

Part II or Part III. Instead, go to Ime 15.

l!§rt

!!J Special Allowance for Rental Real Estate Activities With Active Participation Note: Enter all numbers in Part II as positive amounts. See page 8 of the instructions for an example. I~ss

a n line 4

S

Enter the smaller of the loss on line 1d or the

6

Enter $150,000 If married filing separately, see the instructions

7

Enter modified adjusted gross income, but not less t han zero (see the instr.)

-­

5

·······L~·I··

J....­

Note: If line 7 is greater than or equal to line 6, skip II'nes 8 and

g, enter .0. on line 10. Otherwise, go to line 8.

8

Subtract line 7 from line 6

9

Multiply line 8 by 50% (.5). Do not enter more than $ 25,000. If married filing separately, see the instructions

10

Enter the smaller of line If line 2c is a loss,

0

~

l 8 ~I-

or line 9 .

to Part III. Otherwise,

10

0

---­

to line 15.

Part III Special Allowance for Commercial Revitalization Deductions From Rental Real Estate Activities

Note: Enter all numbers in Par1111 as positive amounts. See the example for Part lion page 8 of the instr_u_c_tl~o~ns_.--,11

Enter $25. ,000 reduced. by tile amo.unt. if any, on line 10. If married filing separately, see Instructions

12 13

Enter the loss from line 4 Reduce line 12 by the amount on line 10

~'11 I

121~

---------_

~iJ=-

1~ Enter the smallest of line 2c treated as a positive amount), line 11. or line 13 . ~~ri:_IV Total Losses Allowed_~ 15 Add the Income, if any, 011 lines 1a ;lIld 3a

,~,'d ollter the total

~,-l---'1'--'4--1..1

~~

.__

to find out how to reoort tile losses on [)llr tax return 719761/1011·07

SEE STATEMENT 30

For Paperwork Reduction Act Notice, see separate instructions.

:0370807 786859 630

.

_

===--==

15--1--,

16 Total losses allowed from all passive activities for 2007. Add lines 10,14, ,1I1d 15. Se8 the instructions LHA

~

28.1 2007.07080 PERRY, JAMES R.

16 FOlm 8582 (2007)

610

,"-,F02.:rlc..'-11~85""8,,,-2.l..'o(2'-'C0~07-Li--,J~AM=E~S:::--::..;Rc.!.~&~M~.----=.AN~:::.I-=T-=-A::........:P,,-,E=R:=.R::..:Y=--

_

Paoe 2

Caution: The worksheets must be filed with your tax return Keep a copy for your records.

Worksheet 1 - For Form 8582, Lines 1a, 1b, and 1c

b

(See instructions.)

I

Name of activity

(a) Net income (line 1a)

I

I

I

~II

(b) Net loss (line 1b)

I

(d)~G •. ain

r----+I-- - - - - - - 1~_

I

(e) Loss

--+------­

~

--+-,--3f---­

i

I I

Total. Enter on Form 8582, lines 1 a , ! 1b and 1c

(c) Unallowed loss (line 1c)

1---------jF -~II------+-I--

------+-1

._---_._--­

Overall gain or loss

Prior years

Current year

1

---J"Ti------------­

Worksheet 2 - For Form 8582, Lines 2a and 2b

(See instructions) ---(a-)--'cC:Cu-'-rr"--e--'n'-=-t-'-ye"--a"--r'--'-----'"------,-------(b-)-P-r-iO-r-y-e-a-r

Name of activity

____________---J]

(c) Overall loss

~_-

d_e_d_u_c_ti_o_n_S_(I_in_e_2_a_)_-+_u_n_a_Ilo_w_e_d_d_e_d_u_c_ti_o_nS_(I_ine 2b) 1_-_-_-_-_-_-_-_-_-_-_-_-_- - __

-_

To-t-'-~-E~n~te~r-~"Focm~-85- -8-2l-'-in-e~S~2~a~~~~-=l----------+I------------------------+-1- - - - - - - - - - - - - - - - - - - - -

1 1

~ I Worksheet 3 - For Form 8582, Lines 3a, 3b, and 3c

and 2b

..

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

(See instructio!2.s_.)_-,--

-,-

f--

--­

STAT~

SEE ATTAClHED Total. Enter on Form 8582, lines 3a,

I

I

I

FOR WORKSHEET 3

1 654.

~

Worksheet 4 - Use thIs worksheet If an amount

IS

Form or sChe~1 and line number I to be reported on (see instruction~J

I

I') Lm

(b)

~

I

r

~I

~,

Total.

Worksheet 5 - Allocation of Unallowed Losses N ame of activity

(See instructions.)

l

TotJ!

(See instructions.)

;~:o":;~

-(~-~-~~;r'~c-~-t

-­

from column (a)

i

1_

(a) Loss =f_(b_) R_a_ti_o

I

--_.­

l

_

,oj """owed 10,"

1-----­

l-­

_+1_­

Form 8582 (2007)

",19762 10-11-07

10370807 786859 630

..

~~-;F--

j _..

F

T

~-l.

G m or schedule and line number to be reported on (see instructions)

I

-------­

_.­ - ­

1-·--- - - + - - ­

J.

T

I I shown on Form 8582, line 10 or 14

_ _ _ 0_ _. - - -

--_.

_

'i----------+E-------~

I

Name of activity

_

_

_ _current

----------

3b, and 3c

---'-.

Prior years Overall gain or loss year --,----------+-------.--j---------,---------­ (a) Net income (b) Net loss (c) Unallowed I (d) G a i = f = n(e) Loss (line 3a) (line 3b) I loss (line 3c)

I

~

Name of activity

1

28.2 2007.07080 PERRY, JAMES R.

630

1

rorm

8903

OMS No 1M5-19S"

2007

Domestic Production Activities Deduction

~~~r~~~:;:eo~~:~:~:~~ur)'

~ Attach to your tax return. ~ See separate instructions.

Attachment Seauence Na

143

I Identifying number

Name(s) as shown on return

JAMES R. & M. ANITA PERRY 1

Domestic production gross receipts (DPGR)

2

Allocable cost of goods sold. If you are using the small business simplified overall method, skip lines 2 and 3

3

If you are using the section 861 method, enter deductions and losses allocable to DPGR. All others, see instructions

4 If you are using the small business simplified overall method, enter the amount of cost of goods sold and other deductions or losses you ratably apportion to OPGR. All others, skip line 4

H---------i

rt -I

I: I

5 Add lines 2 through 4 6 Subtract line 5 from line 1

7

Ouallfied production activities income from estates, trusts, and certain partnerships and S corporations (see instructions)

8 Add lines 6 and 7. Estates and trusts, go to line 9, all others, skip Ime 9 and go to line 10 9 10

Amount allocated to beneficiaries of the estate or trust (see instructions) Qualified production activities income. Estates and trusts, subtract line 9 from line 8, all others, enter amount from line 8. If zero or less, enter -C- here, skip lines 11 through 19, and enter -0- on line 20

11

I,+---I_

II 8

I

9

I

._--­

~o-I

0

.

Income limitation (see instructions): • Individuals, estates, and trusts. Enter your adjusted gross income figured without the

domestic production activities deduction

• All others. Enter your taxable mcome figured without the domestic production

activities deduction (tax-exempt organizations, see instructions)

12

--'!'1_ ------------------------­

Enter the smaller of line 10 or line 11. If zero or less, enter -0· here, skip lines 13 through 19.

~

and enter -0- on line 20 .. 13

Enter 6% of line 12.

13

14

Fornl W-2 wages (see instructions)

14

15

Form W·2 wages from estates, trusts, and certain partnerships and S corporations (see instructions)

15

16

Add lines 14 and 15. Estates and trusts, go to line 17, all others, skip line 17 and go to line 18 .

16

17

Amount allocated to beneficiaries of the estate or trust (see instructions)

17

18

Estates and trusts, subtract line 17 from line 16, all others, enter amount from line 16

19

Form W-2 wage limitation Enter 50% of line 18

20

Enter the smaller of line 13 or line 19

20

21

Domestic production activities deduction from cooperatives. Enter deduction from Form 1099-PATR, box 6

21

22

Expanded affiliated group allocation (see instructions)

22

23

Domestic production
6iO~"'_1e

LHA

For Paperwork Reduction Act Notice, see separate instructions.

10370807 786859 630

29 2007.07080 PERRY, JAMES R.

- 18

----

--­

o.

23

~orl1l 8903 (2007)

630

1

Form

Noncash Charitable Contributions

8283

~

(Rev December 2006) Department 01 fhe Treasury Internal Revenue Service

OM8 No 1545·0908

Attach to your tax return if you claimed a total deduction of over $500 for all contributed properly. ~ See separate instructions.

Attachment No

Sequence

Name(s) shown on your I!lcome tax relllrn

I

~J~AM~E.."S'----=.R-,-,.,-------,&",---,M~. _AN,-,=-,-=I...=.T~A'----'=.P-=E"-,,R~R~y:.-

155

Identifying number

I_ _

Note. Figure the amount of your contribution deduction before completing tllis form. See yOU! tax return Instructions.

Section A. Donated Properly of$5,000 or Less and Certain Publicly Traded Securities· List I!l this section only Items (or groups of similar items) for which you claimed a deducllon of $5,000 or less. Also, Irst certain pUblicly traded securities even If the deduction IS more than $5,000 (see Instructions).

LEii!JJ

Information on Donated Properly - If you need more space, attach a statement. (a) Name and address of the donee organIzation

(b) Description of donated property (For a donated vehicle, enter the year. make, model. condItion. and mileage,

_____ ~----------~~---------------~---a~~Qrm10~-clfreqUlred)

A

B C -

THE SETTLEMENT HOME FOR CHILDREN 1600 PAYTON GIN ROAD, AUSTIN, TX 78758 GOODWILL 300 NORTH LAMAR BLVD, AUSTIN, TX 78703 GOODWILL 300 NORTH LAMAR BLVD] AUSTIN, TX 78703

SILK, BEADED DRESS V"
-------­

SHOES

~.

HOUSEHOLD ITEMb CLOTHING ~ ___

D --

E

I I

Note. If the amounf you claimed as a deduction for an item IS $500 a! less~u do not have to com lete columns (d), (ei, and (f). Ic) Date 01 the \:?)' dono" Date acquned (e) How acqwred (f) Dono(s cost or (h) Method used to determine tne (g) i~=~ ~~~ue~t~oa~~e market value contribution (mo vr) bv donor adlusted baSIS

~_Q 9 /1 0 / 0 7 01 18/07 06)22/07 c A

B

VAR. VAR. VAR.

PURCHASE PURCHASE PURCHASE

I

7 500.

I

~865.

I

SALES 955. rrHRIFT SHOP VALUE 590.ITHRIFT SHOP VALUE

T---­

I I

I

E

~500. COMPARABLE

~ 770.

I

D

fair

I

[P?!f[] Partial Interests and Restricted Use Properly - Complete Irnes 2a through 2e If you gave less than an entire Interest in a property listed In Part I. Complete lines 3a tllrough 3c if conditions were placed on a contribution listed in Part I; also attach the required statement (see instructions). - - - - - _.. _ - - - _ . _ - - ­

2 a Enler the letter from Part I that identities the Pi operty for which you gave less than an entire interest ~

_

If Part II applies to more than one property, attach a separate statement. ~

Total amount claimed as a deduction for the P! operty listed In Part I: (1) For tllis tax year (2) For any prior tax years

_

~

_

c Name and address of each organization to which any such contribution was made in a prior year (complete only if different from the donee organization ab~o~ve~)~:

_

Name of charitable organization (donee)

Address (number, street. and room or suite no)

City or towll, sl<:lle, <:lnd ZIP code

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

d For tangible properly, enter the place where the property IS located or kept ~ e

_

Name of any person, other than the donee organization, having actual possession of tile property ~--------

T~

Yes 3a

__

No

Is there a restriction, either temporary or permanent, on the donee's right to use or dispose of the donated property?

b Did you give to anyone (other than the donee organization or another organization participating witil the donee organization In cooperative fundraiSlrlg) tile right to the I!lcome from tile donated property or to tile possession of tile property, including tile rlgllt to vote donated securities, to acquire tile property by PU!Cll;1ce or otherwise, or to deslgllate the person c

hz~ving

SUCll income, possession, or

~---+--

rigl~1

to acquire? Is there a restnctioll limiting tile donater! PIOPC! ty fOI a particular usc?

LIlA For Paperwork Reduction Act Notice, see separate instructions.

Form 8283 (Rev. 12-2006)

719931 04-27-07

10370807 786859 630

30 2007.07080 PERRY,

J.~ES

R.

630

1

u.s.

Form 1116

and Foreign Source Income Summary

NAME

JAMES R.

& M.

ANITA PERRY'"----~~~~~~~~~~_

-~----_____u-sFOREIGN

TOT,ilL

INCOME TYr-c-E_ _~

_~_

111,494. 25,087. 2,27l. 893,473.

Compensation Dlvi de nds/D Islr/ilu tl ons Inter est Capital Gains

~ P f?~~ IVE __

111,494. 25,087. 2,27l. 893,473.

Business/Profession

8,382.

8,382.

5,827. 24,209. 65,000!1,135,743.

5,827.

24,209.

Renl/rloyalt'l State/~ocal

Refunds

Pilrtnerstlip/S Corporation TrustJEslate Other Income Gross Income

~_~4~79l.

1,111,534.

24,209.

24,209.

Less: Section 911 ExclUSion

Caoital Losses

22,114.

22,114.

Capital Gains Tax Adjustment

1,089,420.

Total Income - Form 1116

24,209.

Deouctions:

Business/Profession expenses Rent/Royalty!::xpenses

4,173. 7,554.

4,173.

7,554.

7,660.

7,660.

4,670.

4,670.

12,082.

12,082.

36,1~

36.139.

Partnershlp/S Corporation Losses

TruSt/Estate Losses Capital Losses

Non-capital Losses IndiVidual Retirement Account Moving Expenses

Self-employment Tax Deduction Setf-emoloyment Healttllnsurance

Keogh Contributions Alilliony

Forfeited Interest

Foreign Housing Deduction

OHler Adjustments

Capital Gains Tax Adjustment

Total Deductions

1,077,490.

Ad/usted Gross Income

1 , 0 5 3 , 2 81.-!- _ _~2---=4-L'--=2--"-0-"'-9....:...

Less Itemized Deductions: Spccilically Allocated Home Mortgage Interes'

2,080. 958.

2,080. 938.

20.

2,826. 5,864.

2,766. 5,784.

_____ 8JL..

Other Intel est RatalJly Allocated Total Adjustments 10 Adjusted Gr oss Income

60.

24,129.

Taxable Incolne Before Exemptions

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -~-727931

OJ 27-07

10l70R07 78h8S9 h30

? 0 0 7 . 0 7 0 R0

31

PEE:.tRUR:LYY-~ITJll\.J..MUD=C___'=n'__

1

Allocation of Itemized Deductions

Form 1116 NAME

JAMES

R, & M, ANI TA,---"P-=E=-R=-R=Y~_----,

I

Total Itemized

-,

i~

Itemized Deductions Afwr Sec. 68

I e - 1_

D_e_du_c_ti_on_s_ _

i,eductlon

_

6,055.!

F_o_rn_l_11_1_6

-1t-:_s_p_ec_lf_ICa_II_Y_u.S.

1

Taxes

_

2,826.,

2 0 5 4"-,,+

Contributions

_ _ _ _4--'-4==-5.=..S-'-1'' - ­

-=.9-=.5_.=.8-0.,+­ ----'2=-<-,O-=---=--S.=. O-'-1'

Ratable

SpeCifically Foreign

l

I

Interest - Nollncluding Investment Interest

----1

---=-9=-38=--..o...;-,I --=2-'-,-=.0 8 0 ,+-1

2,S~~

o2~0'---'.+--

___!

-+-__ -

-----1

Miscellaneous Deductions Subject to 2% Other Miscellaneous DeductIOns ­ Not Includrng Gambling Losses Foreign Adjustment Total Itemized Deductions Su bject to Sec. 68

I

L--

12,

5671_~5~'_864"

Add IlGmlzed Deductions Not Subject to Sec. 68: Medical/Dental

I

Investment Interest Post Aug. 27 Contributions .. Casualt,' Losses Gambling Losses Foreign Adjustment Tolal ItenllZeeJ Deductions Total Allowed on Schedule A

1---­

i

1---~--=-=--I--=----+-I--=--~-~-~-~-=

+

'

-l=-=-~-~c=

12,567, _ _ _----L

5'--'-'='S-"6--'=4'-=',-'-­

3'--'-'='0...=1_ S

,i

.2....Q.--­

.2

.L..S2~

727871 04-27-07

32 10370807 786S59 630

2007.07080 PERRY, JAMES R,

630

1

Form 1116

Foreign Tax Credit Carryover Statement (Page 1 of 2)

NAMe

JAMES R. & M. ANITA PERRY IPASSIVE INCOME

Foreign Income Category

2004

fl~i1J~ 1. Foreign tax paid/accrued

2006

2005

L_2JlQL

7

I I I

2. FTC carryback to 2007

for amended returns .

--~~-

3. Reduction allocated to excluDed income

7 _____1-1-36

4. Foreign tax available 5. Maximum credit allowable 6. Unused foreign tax ( + )

3 .1

I

or excess of limit ( - )

7 8.

lorelgn tax carryforward

9

Less treaty adJustment

<7 29 .. ­

I

Foreign tax carryback

3] , !

10. lorelgn (ax or excess limit remaining

<7,28

I

Total foreign taxes from all available years to be carrred to next year -~

2000

2001

2002

2003

1. Foreign tax paid/accrued 2. FTC carryback to 2007

for amended returns

3. Reduction allocated to excluded Income 4. Foreign tax available 5. Maximum credit allowable 6. Unused foreign tax ( + )

or excess of limit ( - )

7.

ForClgn tax carryback

8

Foreign tax carryforwar d

9

Lcss treaty adjustment

10. Foreign tax or excess limit lemalnlng

~

=J

I

I

l

~

-~ 1999

1. Foreign (ax paid/accrued 2. HC carryback to ?007 for amended returns 3

I

lieductlon allocated to excluded Income

4. Forelg n tax availab Ie 5. MaXimum credrl allowable 6. Unused foreign tax ( + )

or excess of limit ( - )

7. Foreign tax carryback 8. Foreign tax carryforward 9. Less (reaty adjuslment

10. Foreign tax or excess limil remaining

727915/09-04-07

10370807 786859 630

I

33 2007.07080 PERRY, JAMES R,

630

1

Foreign Tax Credit Carryover Statement (Page 2 of 2)

Form 1116 NAME

------~

JAMES R. & M. ANITA PERRY

••

_--~-

IPASSIVE INCOM.~E=-----~_

Foreign Income Category

2004

Alternative Minimum Tax

1

2005

2006

I 1

i

for amended returns

3. Reduction allocated 10 excluded Income

I

1 i

4. Foreign tax available 5. Maximum credit allowable

--_._---­

77·1 6 641.,

I

I

~

I

6. Unused foreign tax ( + )

or excess 01 limit ( - )

I

7. Foreign tax carryback

<6,564.1:> ---

I

8. Foreign tax carrylorward

1- -------------------

9. Less treaty adjustment 01

77.

I

2. FTC carryback to 2007

10. Foreign tax

2007

---l

1. Foreign tax paid/accrued

____

3.1

su}

__}..

---1----+/ -<-6,

-_+-l...- -----

excess limit remaining

~

Total foreign taxes from all available years to be carried to next year

1

2000

2001

2002

2003

1. Foreign tax paid/accrued 2. FTC carryback to 2007

for amended returns

3. Reduction allocated to excluded Income 4. Foreign tax available 5. MaXimum credit allowable

1

6. Unused lorelgn tax ( + )

or excess or lin1l1 ( - )

7. Foreign tax carryback 8. Foreign tax carryforward. 9. Less treaty adjustment 10. Foreign tax or excess limit remaining

=;

~~-=r=~I=-l t=== I 1 --I I

1999 1. Foreign tax paid/accrued 2. FTC carryback to 2007 for amended returns 3. Reduction allocated to excluded IIlcome

~I 1

4. Foreign tax available 5. Maximum credit allowable 6. Unused lore/gn tax ( + )

01

ex:ess of limit ( - )

7. Foreigl1 tax carryback

I

8. Foreign tax carryforward 9. Less treaty adjustment 10. Foreign lax or excess limit remaining

727016/09-04-07

10370807 786859 630

34 2007.07080 PERRY, JAMES R.

630

1

JAMES R. & M. ANITA PERRY

- - - - - - - - - - - - - _ . _ - - _...

I Depletion

65% of Taxable Income Allocation

1-------------­

_

_---~ ~ -----.

1

Taxable income including all available NOL carryover Plus allowable depletion

I

1,083,547. 10,358.

Minus cost depletion

I I

Taxable income before percentage depletion

65%

65% of taxable income

~operty I NlJfllbe~ __ J

Property Description

1,089,069. 0.65 707,895. Percentage Depletion 1 st Iteration

I

I

1tr.R. PERRY CO. EEVOCABLE "BLIND" TRUST 2,sTATE AGRE

I

I

Limited Percentage Der:1etion

Allocation Ratio

Cost Depletion

Percenta( e Depletion F nal Iteration

.048272!

500.

9,858'1 .951728

9,858.

:l:lIowable Depl. r Excess Percentage Reallocation after the Ratlo 65% Lim..i.!§lion _Q~a,-,y_()\/_o.r:_

-----L __

I

500.

I

o.

.048272

500.

9, 8 ~ 8 .

.951728

9,858.

5(

I

I

I I

I

L...

5_8--!L~l.Q.., 358 . I

Total

72553 ','2...;-2-;' -07

10,3

I

I

10 , 358

.I...L...O 0 0 Q.~_J5_~--"J_. I

I

_

JAMES R. & M. ANITA PERRY

FORM 1040

STATEMENT

MISCELLANEOUS INCOME

DESCRIPTION

1

AMOUNT

TEXAS ASSOCIATION AGAINST SEXUAL ASSAULT

65,000.

TOTAL TO FORM 1040, LINE 21

65,000.

10370807 786859 630

36 2007.07080 PERRY,

JP~ES

R.

STATEMENT(S) 1 630 1

JAMES R. & M. ANITA PERRY

FORM 1040 1.

2• 3. 4.

5. 6.

7.

8. 9.

PERSONAL EXEMPTION WORKSHEET

STATEMENT

2

IS THE AMOUNT ON FORM 1040, LINE 38, MORE THAN THE AMOUNT SHOWN ON LINE 4 BELOW FOR YOUR FILING STATUS? NO. STOP. MULTIPLY $3,400 BY THE TOTAL NUMBER OF E~EMPTIONS CLAIMED ON FORM 1040, LINE 6D, AND ENTER THE RESULT ON LINE 42. YES. CONTINUE MULTIPLY $3,400 BY THE TOTAL NUMBER OF EXEMPTIONS CLAIMED ON FORM 1040, LINE 6D . . . . . . . . . . .. . . . . . 10,200. 1,092,810. ENTER THE AMOUNT FROM FORM 1040, LINE 38 . .

234,600. ENTER THE AMOUNT FOR YOUR FILING STATUS

$156,400 SINGLE MARRIED FILING JOINTLY OR WIDOW(ER) $234,600 MARRIED FILING SEPARATELY $117,300 $195,500 HEAD OF HOUSEHOLD SUBTRACT LINE 4 FROM LINE 3 . . . . 858,210. IS LINE 5 MORE THAN $122,500 ($61,250 IF MARRIED FILING SEPARATELY)? [X] YES. MULTIPLY $1,133 BY THE TOTAL NUMBER OF EXEMPTIONS CLAIMED ON FORM 1040, LINE 6D. ENTER THE RESULT HERE AND ON FORM 1040, LINE 42. DO NOT COMPLETE THE REST OF THIS WORKSHEET. [ ] NO. DIVIDE LINE 5 BY $2,500 ($1,250 IF MARRIED FILING SEPARATELY). IF THE RESULT IS NOT A WHOLE NUMBER, INCREASE IT TO THE NEXT WHOLE NUMBER (FOR EXAMPLE, INCREASE o. 0004 TO 1) . . . . . . . . . . . 3,399. MULTIPLY LINE 6 BY 2% (.02) N~D ENTER THE RESULT AS A DECIMAL . . . . . . . MULTIPLY LINE 2 BY LINE 7 DIVIDE LINE 8 BY 1.5

10. SUBTRACT LINE 9 FROM LINE 2. TOTAL TO FORM 1040, LINE 42.

10370807 786859 630

37 2007.07080 PERRY, JAMES R.

STATEMENT(S) 2

630 1

JAMES R. & M. ANITA PERRY

FORM 1040

SEP DEDUCTION

STATEMENT

3

M. ANITA PERRY

1. 2. 3. 4. 5. 6. 7. 8.

9. 10. ll. 12. 13. 14. 15.

16. 17. 18. 19.

PLAN CONTRIBUTION RATE OR SELF-EMPLOYED PERSON'S RATE NET EARNINGS FROM SCHEDULE C, SCHEDULE F, OR SCHEDULE K-l DEDUCTION FOR SELF-EMPLOYMENT TAX FROM 1040, LINE 27 . SUBTRACT LINE 3 FROM LINE 2 . MULTIPLY LINE 4 TIMES LINE 1 . MULTIPLY $225,000 BY YOUR PLAN CONTRIBUTION RATE. ENTER THE RESULT BUT NOT MORE THAN $45,000 . . ENTER THE SMALLER OF LINE 5 OR LINE 6 . CONTRIBUTION DOLLAR LIMIT . *IF ANY ELECTIVE DEFERRALS WERE MADE, GO TO LINE 9. *OTHERWISE, SKIP LINES 9 THROUGH 18 AND ENTER THE SMALLER OF LINE 7 OR LINE 8 ON LINE 19. ALLOWABLE ELECTIVE DEFERRALS SUBTRACT LINE 9 FROM LINE 8 SUBTRACT LINE 9 FROM LINE 4 ENTER ONE-HALF OF LINE 11 ENTER THE SMALLEST OF LINES 7, 10 OR 12 SUBTRACT LINE 13 FROM LINE 4 . . . . . . . ENTER THE SMALLER OF LINE 9 OR LINE 14 . . *IF CATCH-UP CONTRIBUTIONS WERE MADE, GO TO LINE 16. *OTHERWISE, SKIP LINES 16 THROUGH 18. SUBTRACT LINE 15 FROM LINE 14 . . . . . . CATCH-UP CONTRIBUTION (AGE 50 OR OLDER) ENTER THE SMALLER OF LINE 16 OR LINE 17 ADD LINES 13, 15 AND 18. ENTER HERE AND ON LINE 28, FORM 1040 .

FORM 1040

TAX-EXEMPT INTEREST

45,000. 12,082. 45,000.

12,082.

STATEMENT

KAME OF PAYER ~ROM

.200000 65,000. 4,592. 60,408. 12,082.

AMOUNT

K-l - REVOCABLE "BLIND" TRUST STATE AGREEMENT FBO RICK PER

257.

TOTAL TO FORM 1040, LINE 8B

10370807 786859 630

4

257.

38 2007.07080 PERRY,

STATEMENT(S) 3, 4 J~~ES

R

c:"')

.....

JAMES R. & M. ANITA PERRY

FORM 1040 1.

STUDENT LOAN INTEREST DEDUCTION

STATEMENT

ENTER THE TOTAL INTEREST PAID IN 2007 ON QUALIFIED STUDENT LOANS. DO NOT ENTER MORE THAN $2,500

2.

ENTER THE AMOUNT FROM FORM 1040, LINE 22

3.

ENTER THE TOTAL OF THE AMOUNTS FROM FORM 1040, LINES 23 THROUGH 32 PLUS ANY WRITE-IN ADJUSTMENTS YOU ENTERED ON THE DOTTED LINE NEXT TO LINE 36

5

2,500. 1,109,562.

16,752.

4.

SUBTRACT LINE 3 FROM LINE 2

5 .

ENTER THE AMOUNT SHOWN BELOW FOR YOUR FILING STATUS. * SINGLE, HEAD OF HOUSEHOLD, OR QUALIFYING WIDOW(ER)-$55,OOO * MARRIED FILING JOINTLY-$110,OOO .

110,000.

IS THE AMOUNT ON LINE 4 MORE THAN THE AMOUNT ON LINE 5? [ J NO. SKIP LINES 6 AND 7, ENTER -0- ON LINE 8, AND GO TO LINE 9 [XJ YES. SUBTRACT LINE 5 FROM LINE 4

982,810.

6•

7 .

1,092,810.

DIVIDE LINE 6 BY $15,000 ($30,000 IF MARRIED FILING JOINTLY). ENTER THE RESULT AS A DECIMAL (ROUNDED TO AT LEAST THREE PLACES). IF THE RESULT IS 1.000 OR MORE, ENTER 1.000

8.

MULTIPLY LINE 1 BY LINE 7.

9.

STUDENT LOAN INTEREST DEDUCTION. SUBTRACT LINE 8 FROM LINE 1. ENTER THE RESULT HERE AND ON FORM 1040, LINE 33

FORM 1040

T S EMPLOYER'S NAME T OFFICE OF THE GOVERNOR T SPE CORPORATE SERVICES, INC TOTALS

10370807 786859 630

1.000 2,500.

o.

WAGES RECEIVED AND TAXES WITHHELD

AMOUNT PAID

FEDERAL TAX WITHHELD

STATEMENT

STATE CITY TAX SDI WITHHELD TJI.x WIH

FICA TAX

6

MEDICARE TAX

111,36l.

14,228.

6,045.

1,723.

133.

33.

8.

2.

111,494.

14,26l.

6,053.

1,725.

39 2007.07080 PERRY, JAMES R.

STATEMENT(S) 5, 6 630 1

JAMES R. & M. ANITA PERRY

FORM 1040

QUALIFIED DIVIDENDS

STATEMENT ORDINARY DIVIDENDS

NAME OF PAYER BANK OF NEW YORK BANK OF NEW YORK FROM K-1 - REVOCABLE "BLIND" TRUST STATE AGREEMENT FBO RICK PERRY DTD 9-13-9 TOTAL INCLUDED IN FORM 1040, LINE 9B

10370807 786859 630

40 2007.07080 PERRY, JAMES R.

7

QUALIFIED DIVIDENDS 3.

3.

28.

28.

24,726.

12,462. 12,493.

STATE11ENT (S) 7 630 1

JAMES R. & M. ANITA PERRY

FORM 1040

EXCESS SOCIAL SECURITY TAX WORKSHEET

STATEMENT TAXPAYER

1. ADD ALL SOCIAL SECURITY TAX WITHHELD BUT NOT MORE THAN $6,045.00 FOR EACH EMPLOYER (THIS TAX SHOULD BE SHOWN IN BOX 4 OF YOUR W-2 FORMS). ENTER THE TOTAL HERE . . . . . . . . . . . . . . . . .

8

SPOUSE

6,053.

2. ENTER ANY UNCOLLECTED SOCIAL SECURITY TAX ON TIPS OR GROUP-TERM LIFE INSURANCE INCLUDED IN THE TOTAL ON FORM 1040, LINE 63 3. ADD LINES 1 AND 2

6,053.

4. SOCIAL SECURITY TAX LIMIT

6,045.

5. SUBTRACT LINE 4 FROM LINE 3. EXCESS SOCIAL SECURITY TAX INCLUDED IN FORM 1040, LINE 67. . .

8.

FEDERAL INCOME TAX WITHHELD

FORM 1040

STATEMENT

9

T

S DESCRIPTION T T J S

AMOUNT

OFFICE OF THE GOVERNOR SPE CORPORATE SERVICES, INC BANK OF NEW YORK BANK OF NEW YORK

14,228. 33. 1. 8.

TOTAL TO FORM 1040, LINE 64

FORM 1040 DESCRIPTION TAX DUE FORM 4868 PAYMENT INTEREST RATE CHANGE DATE FILED

14,270.

LATE PAYMENT INTEREST DATE 04/15/08 04/15/08 06/30/08 07/31/08

AMOUNT

STATEMENT

BALANCE

140,845. <140,000.>

o•

RATE

140,845. 845. 856. 860.

TOTAL LATE PAYMENT INTEREST

10370807 786859 630

.0600 .0600 .0500

10

DAYS

INTEREST

76 31

11. 4.

15.

41 2007.07080 PERRY,

J.~ES

R.

STATEMENT(S) 8, 9, 10 630 1

JAMES R. & M. ANITA PERRY

SCHEDULE A

MISCELLANEOUS DEDUCTIONS SUBJECT TO FLOOR

STATEMENT

11

AMOUNT

DESCRIPTION

2,384. 5,527.

INVESTMENT MGMT FEES INVESTMENT MGMT FEES FROM K-1 - REVOCABLE "BLIND" TRUST STATE AGREEMENT FBO RICK PERRY DTD 9-13-9

1,000.

TOTAL TO SCHEDULE A, LINE 23

8,911.

CASH CONTRIBUTIONS

SCHEDULE A

STATEMENT AMOUNT 50% LIMIT

DESCRIPTION TARRYTOWN UNITED METHODIST CHURCH TEXAS A&M ASSOCIATION OF FORMER STUDENTS FROM K-1 - J.R. PERRY CO.

90. 240. 83.

SUBTOTALS

413.

AMOUNT 30% LIMIT

TOTAL TO SCHEDULE A, LINE 16

SCHEDULE A

12

413.

MORTGAGE INTEREST AND POINTS REPORTED ON FORM 1098

DESCRIPTION

STATEMENT

13

AMOUNT

EXCLUDED VACATION HOME INTEREST

2,054.

TOTAL TO SCHEDULE A, LINE 10

2,054.

10370807 786859 630

42 STATEMENT(S) 11, 12, 13 2007.07080 PERRY, JAMES R. 630 1

JAMES R. & M. ANITA PERRY

SCHEDULE A

ITEMIZED DEDUCTIONS WORKSHEET

STATEMENT

ENTER THE TOTAL OF THE AMOUNTS FROM SCHEDULE A, LINES 4,

9, 1 5, 1 9, 2 0, 2 7, AND 2 8 . . . . . . . . . . . . . .

2. ENTER THE TOTAL OF THE AMOUNTS FROM SCHEDULE A, LINES 4, 14, AND 20, PLUS ANY GAMBLING AND CASUALTY OR THEFT . LOSSES INCLUDED ON LINE 28 3. IS THE AMOUNT ON LINE 2 LESS THAN THE AMOUNT ON LINE 1?

IF NO, YOUR DEDUCTION IS NOT LIMITED. ENTER THE AMOUNT

FROM LINE 1 ABOVE ON SCHEDULE A, LINE 29.

IF YES, SUBTRACT LINE 2 FROM LINE 1 .

4. MULTIPLY LINE 3 BY 80% (.80) . . . . . 10,054. 5. ENTER THE AMOUNT FROM FORM 1040, LINE 38. 1,092,810. 6. ENTER: $156,400 ($78,200 IF MARRIED FILING SEPARATELY) . . . . . ..... . .. 156,400. 7. IS THE AMOUNT ON LINE 6 LESS THAN THE AMOUNT ON LINE 5? IF NO, YOUR DEDUCTION IS NOT LIMITED. ENTER THE AMOUNT FROM LINE 1 ABOVE ON SCHEDULE A, LINE 29. IF YES, SUBTRACT LINE 6 FROM LINE 5 936,410. 8 . MULTIPLY LINE 7 BY 3% (.03) . . . . 28,092. 9 • ENTER THE SMALLER OF LINE 4 OR LINE 8 . 10. DIVIDE LINE 9 BY 3 . 11. SUBTRACT LINE 10 FROM LINE 9

14

1.

12.

TOTAL ITEMIZED DEDUCTIONS. SUBTRACT LINE 11 FROM LINE 1. ENTER THE RESULT HERE AND ON SCHEDULE A, LINE 29 ....

SCHEDULE A

STATE AND LOCAL GENERAL SALES TAXES

DESCRIPTION

12,567.

o. 12,567.

10,054. 3,351. 6,703. 5,864.

STATEMENT

15

AMOUNT

STATE SALES TAX LOCAL SALES TAX

2,099. 672.

TOTAL TO SCHEDULE A, LINE 5

2,771.

10370807 786859 630

43 2007.07080 PERRY, JAMES R.

STATEMENT(S) 14, 15 630 1

JAMES R. & M. ANITA PERRY

SCHEDULE A 1

2

3

4

5 6

GENERAL SALES TAX DEDUCTION WORKSHEET

ENTER YOUR STATE GENERAL SALES TAXES FROM THE APPLICABLE TABLE. TEXAS IF, FOR ALL OF 2007, YOU LIVED ONLY IN CONNECTICUT, THE DISTRICT OF COLUMBIA, HAWAII, INDIANA, KENTUCKY, MAINE, MARYLAND, MASSACHUSETTS, MICHIGAN, MISSISSIPPI, NEW JERSEY, RHODE ISLAND, VIRGINIA, OR WEST VIRGINIA, SKIP LINES 2 THROUGH 5, ENTER -0­ ON LINE 6, AND GO TO LINE 7. OTHERWISE, GO TO LINE 2. DID YOU LIVE IN ALASKA, ARIZONA, ARKANSAS (TEXARKANA ONLY), CALIFORNIA (LOS ANGELES COUNTY ONLY), COLORADO, GEORGIA, ILLINOIS, LOUISIANA, NEW YORK STATE, OR NORTH CAROLINA IN 2007? IF NO, ENTER -0-. IF YES, ENTER YOUR LOCAL GENERAL SALES TAXES FROM THE APPLICABLE TABLE. O. DID YOUR LOCALITY IMPOSE A LOCAL GENERAL SALES TAX IN 2007? RESIDENTS OF CALIFORNIA, NEVADA AND TEXARKANA, ARKANSAS, SEE INSTRUCTIONS. IF NO, SKIP LINES 3 THROUGH 5, ENTER -0­ ON LINE 6 AND GO TO LINE 7. IF YES, ENTER YOUR LOCAL GENERAL SALES TAX RATE, BUT OMIT PERCENTAGES. 2.0000 AUSTIN DID YOU ENTER -0­ ON LINE 2 ABOVE? IF NO, SKIP LINES 4 AND 5 AND GO TO LINE 6. IF YES, ENTER YOUR STATE GENERAL SALES TAX RATE, BUT OMIT PERCENTAGES. 6.2500 DIVIDE LINE 3 BY LINE 4. ENTER THE RESULT AS A DECIMAL (ROUNDED TO AT LEAST THREE PLACES). .3200 DID YOU ENTER -0­ ON LINE 2 ABOVE? IF NO, MULTIPLY LINE 2 BY LINE 3. IF YES, MULTIPLY LINE 1 BY LINE 5.

6A ADD LINE 1 AND LINE 6.

16

2,099.

672. 2,771.

6B PART-YEAR DAYS RATE. 6C MULTIPLY LINE 6A BY LINE 6B. 7

ENTER YOUR GENERAL SALES TAXES PAID ON SPECIFIED ITEMS, IF ANY.

8

DEDUCTION FOR GENERAL SALES TAXES. ADD LINES 6C AND 7. ENTER THE RESULT HERE AND ON SCHEDULE A, LINE 5 AND CHECK BOX "B" ON THAT LINE.

10370807 786859 630

STATEMENT

44 2007.07080 PERRY, JN1ES R.

1.000000 2,771.

2,771.

STATEMENT(S) 16

630 1

JAMES R. & M. ANITA PERRY

SCHEDULE D

NET SHORT-TERM GAIN OR LOSS FROM PARTNERSHIPS, S CORPORATIONS, AND FIDUCIARIES

DESCRIPTION OF ACTIVITY

STATEMENT

17

GAIN OR LOSS

REVOCABLE "BLIND" TRUST STATE AGREEMENT FBO RICK PERRY DTD 9-13­

<235.>

TOTAL TO SCHEDULE D, PART I, LINE 5

<235.>

SCHEDULE D

NET LONG-TERM GAIN OR LOSS FROM PARTNERSHIPS, S CORPORATIONS, AND FIDUCIARIES

DESCRIPTION OF ACTIVITY

GAIN OR LOSS

REVOCABLE "BLIND" TRUST STATE AGREEMENT FBO RICK PERRY DTD 9-13­

69,643.

TOTAL TO SCHEDULE D, PART II, LINE 12

69,643.

SCHEDULE D

CAPITAL GAIN DISTRIBUTIONS

FROM K-1 - REVOCABLE "BLIND" TRUST STATE AGREEMENT FBO RICK PERRY DTD 9-13-9

64.

TOTALS TO SCHEDULE D, LINE 13

64.

10370807 786859 630

45 2007.07080 PERRY,

JF~ES

18

28% GAIN

STATEMENT TOTAL CAPITAL GAIN

NAME OF PAYER

STATEMENT

19

28% GAIN

STATEMENT(S) 17, 18, 19 R. 630 1

JAMES R. & M. ANITA PERRY

SCHEDULE E

VACATION HOME LIMITATIONS AND CARRYOVERS

STATEMENT

20

RESIDENTIAL RENTAL PROPERTY - 1610 LEOPARD COURT, COLLEGE STATION, TX 77840 1. RENTAL INCOME. ... .. .. 2. A RENTAL PORTION OF DEDUCTIBLE HOME MTG INTEREST AND QUALIFIED MORTGAGE INSURANCE PREMIUMS 4,092. 2,962. B RENTAL PORTION OF REAL ESTATE TAXES . . . . C RENTAL PORTION OF DEDUCTIBLE CASUALTY LOSSES. o. o• D DIRECT RENTAL EXPENSES. . . .. .. E FULLY DEDUCTIBLE RENTAL EXPENSES. ADD LINES 2A - 2D . . . 3. SUBTRACT LINE 2E 4. A RENTAL PORTION B RENTAL PORTION AND QUALIFIED

5,200.

7,054.

o.

FROM LINE 1. IF LESS THAN ZERO, ENTER ZERO OF INDIRECT EXPENSES. . . . . O. OF EXCESS MORTGAGE INTEREST

MORTGAGE INSURANCE PREMIUMS O.

C ADD LINES 4A AND 4B . . . . O.

D ALLOWABLE OPERATING EXPENSES. SMALLER OF LINE 3 OR LINE 4C

o.

o.

5. SUBTRACT LINE 4D FROM LINE 3. IF LESS THAN ZERO, ENTER ZERO 6. A RENTAL PORTION OF EXCESS CASUALTY LOSSES . o. B RENTAL PORTION OF DEPRECIATION . 1,523. C CARRYOVER OF CASUALTY LOSSES AND DEPRECIATION o. D ADD LINES 6A THROUGH 6C . . . . . . . . . . . 1,523. E ALLOWABLE EXCESS CASUALTY LOSSES AND DEPRECIATION. SMALLER OF LINE 5 OR LINE 6D . . . . . . . . . . . 7. A OPERATING EXPENSES TO BE CARRIED OVER TO 2008. SUBTRACT LINE 4D FROM LINE 4C . . . . . . . . . . . . . . . . B EXCESS CASUALTY LOSSES AND DEPRECIATION TO BE CARRIED OVER TO 2008. SUBTRACT LINE 6E FROM LINE 6D . . . . .

SCHEDULE E

NAME REVOCABLE "BLIND" TRUST AGREEMENT FBO ANITA PERRY REVOCABLE "BLIND" TRUST STATE AGREEMENT FBO NET INCOME FROM DEPLE'rION STATEMENT

INCOME OR (LOSS) FROM ESTATES AND TRUSTS EMPLOYER ID NO.

PASSIVE LOSS

PASSIVE INCOME

o.

o• 1,523.

STATEMENT

NONPASSIVE LOSS

21

NONPASSIVE INCOME

03-6092780

o. 74-6467584 41,727. 74-6467584 9,858.

TOTALS TO SCHEDULE E, LINE 34

9,858.

41,727.

------­

10370807 786859 630

46 2007.07080 PERRY, JAMES R.

STATEMENT(S) 20, 21 630 1

JAMES R. & M. ANITA PERRY

SCHEDULE SE

NON-FARM INCOME

DESCRIPTION

STATEMENT

22

AMOUNT

TEXAS ASSOCIATION AGAINST SEXUAL ASSAULT

65,000.

TOTAL TO SCHEDULE SE, LINE 2

65,000.

SCHEDULE SE

NON-FARM INCOME

DESCRIPTION

STATEMENT

23

AMOUNT

J.R. PERRY CO.

5,827.

TOTAL TO SCHEDULE SE, LINE 2

5,827.

47

10370807 786859 630

2007.07080 PERRY, JA}fES R.

STATEMENT(S) 22, 23 630 1

JAMES R. & M. ANITA PERRY

FORM 1116

1

WORLDWIDE CAPITAL GAINS WORKSHEET FOR LINE 17

STATEMENT

ENTER THE AMOUNT FROM FORM 1040, LINE 41. IF YOU ARE A NONRESIDENT ALIEN, ENTER THE AMOUNT FROM FORM 1040NR, LINE 38

24

1,086,946.

2

ENTER WORLDWIDE 28% GAINS

3

MULTIPLY LINE 2 BY 0.2000

4

ENTER WORLDWIDE 25% GAINS

5

MULTIPLY LINE 4 BY 0.2857

6

ENTER WORLDWIDE 15% GAINS AND QUALIFIED DIVIDENDS

883,852.

7

MULTIPLY LINE 6 BY 0.5714

505,033.

8

ENTER WORLDWIDE 5% GAINS AND QUALIFIED DIVIDENDS

9

MULTIPLY LINE 8 BY 0.8571

10

ADD LINES 3, 5, 7, AND 9

505,033.

11

SUBTRACT LINE 10 FROM LINE 1. ENTER THE RESULT HERE AND ON FORM 1116, LINE 17

581,913.

10370807 786859 630

48 2007.07080 PERRY, JAMES R.

STATEMENT(S) 24

630 1

JAMES R. & M. ANITA PERRY

FORM 1116

FOREIGN TAX CREDIT CARRYOVER I CARRYBACK

STATEMENT

25

PASSIVE INCOME

TOTAL FOREIGN TAXES PAID

YEAR OF CREDIT 2006 FOREIGN TAX CREDIT 2005 FOREIGN TAX CREDIT 2004 FOREIGN TAX CREDIT 2003 FOREIGN TAX CREDIT 2002 FOREIGN TAX CREDIT 2001 FOREIGN TAX CREDIT 2000 FOREIGN TAX CREDIT 1999 FOREIGN TAX CREDIT FOREIGN TAX CR CARRYBACK TO 2007

FOREIGN TAX CR CLAIMED

9.

BALANCE AVAILABLE 3.

6•

o. o. o.

o.

o.

o. o. o. o. o. o.

O.

o. o. o.

o. o. o. o. o. o. o.

TOTAL TO FORM 1116, PART III, LINE 10

FORM 6251

3.

PASSIVE ACTIVITIES

STATEMENT

26

NET INCOME (LOSS) NAME OF ACTIVITY J.R. PERRY CO.

FORM SCH E

AMT

REGULAR 1,654.

ADJUSTMENT

1,654.

TOTAL TO FORM 6251, LINE 18

10370807 786859 630

49 2007.07080 PERRY, JAMES R.

STATEMENT(S) 25, 26 630 1

JAMES R. & M. ANITA PERRY

FORM 1116

ALTERNATIVE MINIMUM TAX FOREIGN TAX CREDIT CARRYOVER/CARRYBACK

STATEMENT

27

PASSIVE INCOME

TOTAL FOREIGN TAXES PAID

YEAR OF CREDIT 2006 ALT. MIN. 2005 ALT. MIN. 2004 ALT. MIN. 2003 ALT. MIN. 2002 ALT. MIN. 2001 ALT. MIN. 2000 ALT. MIN. 2.999 ALT. MIN. :OREIGN TAX CR ~OTAL

TAX CREDIT TAX CREDIT TAX CREDIT TAX CREDIT TAX CREDIT TAX CREDIT TAX CREDIT TAX CREDIT CARRYBACK TO 2007

FOREIGN TAX CR CLAIMED

9. O.

o. o. O. O. O.

o.

TO FORM 1116 (AMT) , PART III, LINE 10

:0370807 786859 630

50 2007.07080 PERRY, JAMES R.

BALANCE AVAILABLE

6. O.

o.

o.

o. o. o. o.

3.

o. o. o. o. o. o• o. o. 3.

STATEMENT(S) 27 630 1

JAMES R. & M. ANITA PERRY

FORM 1116

ALTERNATIVE MINIMUM TAX FOREIGN TAX CREDIT WORLDWIDE CAPITAL GAINS WORKSHEET FOR LINE 17

STATEMENT

28

1

ENTER THE AMOUNT FROM FORM 6251, LINE 28

2

ENTER WORLDWIDE 25% GAINS

3

MULTIPLY LINE 2 BY 0.1071

4

ENTER WORLDWIDE 15% GAINS AND QUALIFIED DIVIDENDS

883,852.

5

MULTIPLY LINE 4 BY 0.4643

410,372.

6

ENTER WORLDWIDE 5% GAINS AND QUALIFIED DIVIDENDS

7

MULTIPLY LINE 6 BY 0.8214

8

ADD LINES 3, 5, AND 7

410,372.

9

SUBTRACT LINE 8 FROM LINE 1. ENTER THE RESULT HERE AND ON FORM 1116 AMT, LINE 17

675,926.

0370807 786859 630

1,086,298.

51 2007.07080 PERRY, JAMES R.

STATEMENT(S) 28 630 1

JAMES R. & M. ANITA PERRY

FORM 8582

OTHER PASSIVE ACTIVITIES - WORKSHEET 3 CURRENT YEAR

NAME OF ACTIVITY

NET INCOME

PRIOR YEAR UNALLOWED LOSS

NET LOSS

STATEMENT

OVERALL GAIN OR LOSS GAIN

LOSS

J.R. PERRY CO.

1,654.

O.

1,654.

TOTALS

1,654.

O.

1,654.

SUMMARY OF PASSIVE ACTIVITIES

FORM 8582

29

STATEMENT

30

R R E

A NAME J.R. PERRY CO.

FORM OR PRIOR SCHEDULE GAIN/LOSS YEAR C/O SCH E

TOTALS

NET GAIN/LOSS

1,654.

1,654.

1,654.

1,654.

UNALLOWED LOSS

ALLOWED LOSS

PRIOR YEAR CARRYOVERS ALLOWED DUE TO CURRENT YEAR NET ACTIVITY INCOME TOTAL TO FORM 8582, LINE 16

10370807 786859 630

52 2007.07080 PERRY, JAMES R.

STATEMENT(S) 29, 30 630 1