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

200~ endinG
Label
L Your Ilrst name and initial ~ Last name . Your social security nurnber
(See
instructions A J AME SR. ---!--"'E=R=RY'-----­ ---j--'
on page 12.) ~ If a /Olnt return, spouse's tlrst name and Imtlal Last name Spouse's social security number
Use the IRS L M. ANITA PERRY
label. H rome address (number and street). II you Ilave a F'.D. box, see page 12. Apt. no. You must enler
Otherwise, E 1010 COLORADO ... your SSr'J(s) above....
please print R - ------==-===--=-----------------------------'-------+-='---------=­
or type. E City, town or post office, state, and ZIP cOde If you have a foreign address. see page 1:' Checking a box below will nol

Presidential AUSTIN TX 78701 change your lax ar relunc


Election Campaign ~ Check here if you, or your spouse if filing Jointly, want $3 to go to this tund (see page 12) ~ D You D Spouse

Filing Status
1 D
[ 'Tl
Single 4 0 Head ot household (with Qualifying person). It the QualifYing
2 KJ Married filing fOlntly (even if only one had Income) person is a child but not your dependent, entel this Cllild's

Check only
3 D Married filing separately. Enter spouse's SSN above name here. ~ .. __
one box. and full name here. ~ 5 D Quallfylno wldow(el) With dependent child (see paoe 141
5a ,..-;]
Ll)..J Yourself. If someone can claim you as a dependent, do not check box 6a Flaxes checked
on 6(1 and 60 2
Exemptions
b [X] Spouse No af Children
C Dependents:
.~
(C) Dependent's social
l - 'Dlependen1's (31 ,
on6cwho
• lived wllh yae 1
security number tMl re a lonship 10
(1) First name L as I name y o u . did not live With

~.
you due 10 divorce
SYDNEY PERRY~UGlI.1'J~_B~_ _ (;e~e~~~~\I~~)

If more than lour


dependents ---------1t I
I
---_·1-
Dependents on Be
not ertered above

see page 15.


d Total number of exemotlons claimed
I

I
Add numbers

~~~~:es ... /;l


Income 7 Wages, salaries, tips, etc. Attach Form(s) W-2 7 111,494.
8a Taxable Interest. Attach Schedule B If reqUired 8a 2,27l.
Attach Form(s)
W-2 here. Also b Tax-exempt Interest. Do not Include on line 8a ~ 257.
attach Forms 9a Ordinary dividends. Attach Schedule B If reqUired 9a ~2.L.Q~
W-2G and
1099-R if tax
b Qualified diVidends (see page 19) l..iIJ.~ 12,493-"-j
was withhe Id. 10 Taxable retunds, credits, or oftsefs of state and local Income taxes ~ e---1Q.­ --_._-­
11 Airmony received ~ c---1-!­ - - _._------------­

If you did not


12 "''''0"'' '"co,"' m(''""). AIi"h S,h.",.~o 12
(let a W-2,
13 Capital gain or (loss). Attacll Schedule 0 It r t t reqUired, check here ~ D c---lL ~._----
.§ 71,359.
see page 19.

Enclose, but do
14
15a
16a
Olher gains or (losses). Attach Form 4797
IRA distributions
Pensions and annuities
~ i
16_'!.L
t.

==J_
b Taxable amount
b Taxable amount
14
",.1§lJ.. - - - - - - - - _ . _ .. _--­
16b -._---------­
nOlattach,any
payment. Also, 17 Rental real estate, royalties, partnerships, S corporations, trusts, etc. Attach Schedule E 17 34 35l.
please use 18 Farm Income or (loss). Attach Schedule F 18
Form 1040-V. 19 Unemployment compensation
19
20a SOCial security benetits I 20a I I b Taxable amount (see page 24)
20b
21 Other Income. List type anD amount (see page 24)
- - - _ .
SEE STATEMENT 1 21 65 000.
22 Add the amounts In tile tar rioht column for lines 7 tllrouoh21. This is vour total income ~ 22 1 109 562.
23 Educator expenses (see page 26) 23
Certain bUSiness expenses of reserVIsts, performing art;stS. and fee-baSIS government
Adjusted 24 oNlclals. Attach Form 2106 or 2106-EZ 24
Gross 25 Healfh savings account deduction. Attach Form 8889 25
Income 26 MOVing expenses. Attach Form 3903 26
27 One-half of self-employment tax. Attach Schedule SE 27 4 670.
28 Self-employed SEP, SIMPLE, and qualified plans 28 12,082.
29 Self-employed health insurance deducflon (see page 26) 29
30 Penalty on early withdrawal ot savings 30
31a Alimony paid b Recipient's SSN ~ 31a
32 IRA deduction (see page 27) 32
33 Student loan interest deduction (see page 30) STMT 5 33
I
34
35
36
Tuition and lees deduotion. Attaoll Form 8917
Domestic production activities deduction. Attacll Form 8903
Add lines 23 tllrougtl 31a and 32 througll 35
UEE___ -
- -

36 ~ 16,752.
710001
11·05·07 37 SulJlract line 36 from line 22. This is your adjusted gross income ~ 37 I 1,092,810.
l.HA For Disclosure, Priv<lcy Act, and Paperwork Reduction Act Notice, see page 83. Form 1040 (cOOl)
Form 1040 (20071 JAMES R. & M. ANITA PERRY Page 2
Tax and 38 Amount from line 37 (adlusted gross income) 38 1 092,810.
Credits
Standard
Deduction tor ­

• People who
l 39a Cileck
if:
b
D
D
You were born before January 2, 19~3,
{
Spouse was born before January 2, 19~3,
D
D
Blind. }
Blind.
If your spouse Itemizes on a separate relurn or you were a dual-status allen, see page 31 and check here
Total boxes
checked ~ 39a I
~ 39b D ',41!.. ~
.. ,.,~

checked any
box on IlnEo 39a I 40 Itemized deductions (from Schedule A) or your standard deduction (see left margin) IE 40 5 864.
0'39Dorwho 41 Subtract line ~O from line 38 41 lj 086", 941>.
~~na D:~~;~::~t I 42 If line 38 IS $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 I 42 3 399.
43 Taxable income. Subtract line ~21rom line ~ Lit line ~21s more than Ilfle ~1, enter -0­ 43 1 083,547.
• All others·
44 Tax. Check if any tax is from: aD Form(s) 881 ~ b D Form ~972 c D Form(s) 8889 44 177,677 •
Single or
Married filing 45 Alternative minimum tax. Attach Form 6251 45 8,086.
separately,
$5.350
46 Add lines ~~ and ~5 ~ 46 185,763.
Credit for child and dependent care expenses. Attach Form 2~~ 1 47 I
Marned filing

47
JOintly or
48 Credit for the elderly or the disabled. Attach Schedule R 48
Qualifying

wldow(er).
49 Education credits. Attach Form 8863 49
S 10.700
50 Residential energy credits. Attach Form 5695 50
rlead of

householo.
51 Foreign tax credit. Attach Form 1116 if required. 51 80.
$: .850

52 Child tax credit (see page 39). Attach Form 8901 If required 52
Retirement savings contributions credit. Attach Form 8880
~--- 53 53
54 Credits from: a D Form 8396 b D Form 8859: c D Form 883~ 54
55 Other credits:a D Form 3800 b D Form 8801 c D Form - - -
55
56 Add lines ~7 through 55. TI18se are your total credits 56 80.
57 Subtract line 56 tram line ~6. If line 56 is more than line ~6, enter -0­ ~ 57 185,683.
58 Self-employment tax. Attach Schedule SE .. 58 9 34tL·
Other
59 Unreported social security and Medicare tax from: aD Form ~137 b D Form 8919 59
Taxes
60 Additional tax on IRAs, other qualified retirement plans, etc. Attach Form 5329 If required 60 I

61 Advance earned Income credit payments from Form(s) W-2, box 9 61


62 Household employment taxes. Attach Schedule H 62 I
63 Add lines 57 through 62. This is your total tax ~ 63 195,023.
Payments 64 Federal Income tax withheld from Forms W-2 and 1099 64 1_4 , 2~ STATEMENT 9
65 2007 estimated tax payments and amount applied from 2006 return 65 39,900...!,
r
aqualdy,ng
child. aHach
J
If;:Du have' 'L.. 66a Earned income credit (EIC)
b Nontaxable combat pay election .. ~ ~
..
~
I Schedule !~C 67 Excess social security and fler 1 RRTA tax Withheld (see page 59)STM'T 8 (__61... 8 •
68 Additional child tax credit. Attach Form 8812 I 68
69 Amount paid with request for extension to tile (see page 59) 69 140 000.
70 Payments from: a DForm 2~39 b DForm ~136 c D Form 8885 70
71 Refundable credit for prior year minimum tax from Form 8801, line 27 71
72 Add lines 6~~ 66a, and 67 thr.Q~.QIlll These are your total payments ~ 72 194,178~
Refund 73 If line 72 is more 1Ilan line 63, subtract line 63 from line 72. ThiS is the amount you overpaid J3 --
DIrect depOSit ')
74a Amount of line 73 you want refunded to you. If Form 8888 IS attached, check here
~ D 74a
See page 59
and f,1I In 74b,
74c. and 74d.
Routing
~ b number
I ~ C 1Yoe
D I CDec'lng
D Account I

SaVings ~ d number
or Form 8888. 75 Amount of line 73 you want applied to your 2008 estimated tax ~ I 75 I

Amount 76 Amount you owe. Subtract line 72 from line 63. For details on how to pay, see Pi ge 60 I
~ 76 1,038.
You Owe 77 Estimated tax Denaltv (see oaae 611 . . 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,
and complete. Declaration of preparer (other than taxpayer) IS based on all Information of which preparer has any knowledge.
Here Your signature Date Your occupation Daytime phone number
JOint return?

~
See page 13. OVERNOR
Keep a copy Spouse's signature If Spause's occupation
for your
records
CONSULTANT
Paid Preparer's I Date Preparer's SSN or PTIN

Preparer'ssignature
------------ ____~. L __----'---_~_~~____"'P__"_0_"_O=1_"_6~418 4 _ _
Use Only F,n,,'s name (or MEADOR & JONES~ LLP 74 2984516
71000:,
yours If self-em­
plo}t:'d). address,
~2414 EXPOSITION BLVD,-SUITE BC-230 Phcne n0512 - 4 7 2 -- 0 7 9 5
11-05-01 ,:md ZIP code AUSTIN, TX 78703
** INTEREST NOT INCLUDED 15.

**** TOTAL DUE 1.053.


Underpayment of
2210
OM8 No.1545-0140

Form
Estimated Tax by Individuals, Estates, and Trusts
Department of the Treasury
~ See separate instructions. 200706
Attachment .
Internal Revenue Service ~ Attach to Form 1040, 1040A, 1040NR, 1040NR-EZ, or 1041. Sequence No

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 ,000~_Y_e_s_---I~~ Do not file Form 2210. You do not owe a penalty.
-~NO " - - - - - - - - - ­

Complete lines 8 and 9 below. Is line 6 equal to or more Yes ~ II You do not owe a penalty. Do not file Form 2210 (but if box
than line 9? ~
r--------J..... 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 i Yes

J t,-------­ -. [YOU must figure your penalty.


No
y
r -D-o-n-o-t-fi-Ie -F~;;';:;-2210. You are not required 'to figure your ~YOU a~e not required to figure your penalty because the IRS will
penalty because the IRS will figure it and send you a bill for any I figure it and send you a bill for any unpaid amount. If you want to
unpaid amount. If you want to figure it, you may use Part III or figure it, you may use Part III or Part IV as a worksheet and enterJ
Part IV as a worksheet and enter your penalty amount on your tax your penalty amount on your tax return. but file only page 1 of

return, but do not file Form 2210.


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) 1 185,683.
2 Other taxes, including self-employment tax (see page 2 of ttle Instructions) 2 9 340.
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 I 195,023.
5 Multiply line 4 by 90% (.90) . .... .. . .... . . ... . . L.....-'5"------JI _ 175,52L 1

6 Withholding taxes. 00 not Include estimated tax payments. (see page 2 of the instructions) 6 14 278.
7 Subtract line 6 from line 4. If less than $1,000, you do not owe a penalty; do not file Form 2210 7 180 745.
8 Maximum required annual payment based on prior year's lax (see page 2 of the Instructions) 8 53 183.
9 Required annual payment. Enter the smaller of line 5 or line 8 9 53 183.
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,
but you are not required to figure your penalty.
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
file Form 2210.
C D 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.
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
withheld. instead of In equal amounfs on the payment due dates. You must figure your penalty and file Form 2210.
E D 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).
LHA F or Paperwork Reduction Act Notice, see page 6 of separate instructions. Form 2210 (~007)

712501
12-14·07

4.1
10370807 786859 630 2007.07080 PERRY. JAMES R. 630 1
JAMES R. & M. ANITA PERRY
Form 221O(200i, Page 3
Part IV ! Regular Method (See page 2 of the instructions if you are filing Form 1040NR or 1040NR·EZ.)
-I Payment Due Dates
Section A - Figure Your Underpayment
I
(a)
4/15/07
I
~
r (b)
6/15/07
(c)
9/15/07 r'
J ~
(d)
1/15108
---

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


the amounts from Schedule AI, line 25. Otherwise, enler I .
h I
.
I

.I 13 295 ,.
25% (.25) of line 9, Form 2210,111 each column 18 I 13 29~
1 13 296
1 13 296
1

19 Estimated tax paid and tax withheld. For column (a) only, I
also enter the amount from line 19 on llile 23. If line i
19 is equal to or more than line 18 for all payment
periods, stop 11ere; you do not owe a penalty. Do not
file Form 2210 unless you checked a boxin Part II 19 13 470.' 3 / 570. I 23 570. 13 568.

r
Complete lines 20 through 26 of one column before
going to line 20 of the nex! column.
20 Enter the amount, If any, from line 26 in the previous
column 20 174. 722.
21 Add lines 19 and 20 21 3 744. 23 570. 14 290.
22 Add the alnounts on lines 24 and 25 In previous column 22 9 552.
23 Subtraclline 22 flOlTlline 21. If zero or less, enter -D-.
For column (a) only, enter the amount trom line 19 23 13 470. 3 744. 14 018. 14 / 290.
24 If line 23 is zeTO, subtract line 21 from line 22.
Otherwise, enter -0­ 24 o. o.
25 Underpayment If line 18 IS equal to or more than line
23, sublra:1 line 23 from line 18. Then go 10 Ime 20 of I I
the next column. OtherWise, go to line 26. ~ 25 I I 9 552.
26 Overpayment. If line 23 is more than line 18. subtract llile
18 (rom line 23. Tilen go to line 20 of the next column 26 174.1 I 722.
Section B ­ Figure the Penalty (Complete lines 27 through 30 of one column before gOing to the next column.)
April 16, 2007 - December 31,2007 4/15/07 6/15107 9' 15/07
I -
~

'0
27 Number of days from the date shown above lille r I Days
Cays Days:

l~
0 27 to tne date the amount on line 25 was paid or
.~
ll. 12/31/07, Whichever IS earlier _. -
<IJ
ro Number of days
a: 28 Underpayment on on line 27
x x .08 ~
line 25 365 28 $ $ $
January 1,2008 - April 15, 2008 12/31/07 12/31/07 12/31/07 - 1115108
DaiS. Days Days Days'
C\l 29 Number of days from the date shown obove line
'0
.2
Q;
29to the date the amount on line 25 was poid or
4/15/08, whl:hever IS earlier 29
SEE ATTACH ED WORKSHEE rr
ll. _._---- ­

-'~ ~
2ro Number of days
a: 30 Underpoyment all on line 29
x x •0'i ~
Ime 2:' 366 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 2210 (2007)

712491.1 12-14-07

4.2
l0370807 786859 630 2007.07080 PERRY 1 JAMES R.
UNDERPAYMENT OF ESTIMATED TAX WORKSHEET

I
I Name(s) Identifying Number

JAMES R. & M. ANITA PERRY I


I
(A) (B) (C) (D) II (E) (F)
Adjusted Number Days Daily
"Dale Amount Balance Due Balance Due Penally Rate Penalty

-0­

04/15/07 13,296. 13 296.


I

~15/07 <3 570. I> 9 726.

04/15/07 <9 900.> <174. I>

06/15~7 13,296. 13 122.

:;~:~:i
<3,570. > 9 552.
92 .000219178 193.

13 296. 22 848.
I

I
09/15/0L I <3 570. I> 19 278.

09/15/07 <20,OOO-k <722.1>

~U31/07 a. <722J 15 [.000191257

l_olL 15/08 t 13

295. 12 573. I I
I

-----l
+--~---
=
~:L5J af3-f--- < 3 568.
> 9 005. I

01 / 1~?108 <10 000. I> <995.1>

1--­
I

f----­

--

--

~.I ....

~_=d
I

Penalty Due (SUIll of Column F).

" Date of estimated tax payment, vlitllllOldlng


credit elate or installment rlue dale.

712511
04-27-07

4.3
10370807 786859 630 2007.07080 PERRY. JAMES R. 630 1
OMS No. 1545-0074
SCHEDULES A&B Schedule A - Itemized Deductions
(Form 1040)
Department of the Treasur)'
(Schedule B is on page 2) 2007
Internal Revenue Service ~ Attach to Form 1040. See Instructions for Schedules A&B (Form 1040).
Name{s) shown on Form 1040 Your social security number

JAMES R. & M. ANITA PERRY


Medical Caution. Do not include expenses reimbursed or paid by others.
and 1 Medical and dental expenses (see page A 1) ..
Dental 2 Enter amount from Form 1040, line 38 L~ --1

Expenses 3 Multiply line 2 by 7.5% (.075) -13"-'---------r-1


4 Subtract line 3 from line 1 If line 3 is more than line 1 enter -0· I 4
Taxes You 5 State and local (check only one box):

D
Paid
(See
a
b [X]
Income taxes, or
General sales taxes } SEE . STATENENT.... 15 5
2-,7~

page A2_) 6 Real estate taxes (see page A5) ·6 1 487.

7 Personal property taxes. 7

8 Other taxes. List type and amount


~HQIS.~E_S_Hi)~_!?~~ _~~AJfi)_ ~QW'rX_________ 1,-7_9_7_.
8 1 797.
-------------------------------------
9 Add lines 5 throuah 8 . 19 6 055.
Interest 10 Home mortgage interest and points reported to you on Form 1098 .S.TNT :1.3 10 2 054.
You Paid 11 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,
(See identifying no, and address
page A5.)
~-------------------------------------
Note. 11
Personal -------------------------------------
12 Points not reported to you on Form 1098. 12
interest is

not 13 Qualified mortgage insurance premiums (See page A7)


J~_ - - - - - - - -
deductible.
14 Investment interest. Attach Form 4952 if required. (See page A-7.) 14

15 Add lines 10 throuah 14 ! 15


2 054.
Gifts to 16 Gifts by cash or check. .SEE .. STbTENENT 12 16 413.
Charity 17 Other than by cash or check. If any gift of $250 or more, see page A8.
If you made a You must attach Form 8283 if over $500 17 4 045.
gift and got a
benefit for it,
18 Carryover from prior year 181
see page A-B. 19 Add lines 16 throuqh 18
119 4 458.
Casualty and
Theft Losses 20 Casualtv or theft loss(es). Attach Form 4684. (See Daae A91. 20
Job Expenses 21 Unreimbursed employee expenses - job travel, union dues. job education, etc.
and Certain Attach Form 2106 or 21 06-EZ if required. (See page A9.)
Miscellaneous
Deductions ~WIQlt MP_ £>BQ:E~S_S_I9Nb~_12Q~S 6_2_.
21 62.
22 Tax preparation fees 22 450.
23 Other expenses· investment, safe deposit box, etc. List type and amount
(See ~_~~~~Yft~EM~~T_~~ _
page A9)

_____________________________________ ~ 8 911.
24 Add lines 21 through 23. f-"2c.'4+-_ _.--.9-L..4.......,.2...,3__."..j

25 Enter amount from Form 1040, line 38 . ' 1 2 5 1 1 , 0 92' 810.

26 Multiply line 25 by 2% (.02) '-'2~6'"-_-'2"-=1--'--'8"-'='5r6__.~

27 Subtract line 26 from line 24. If line 26 is more than line 24, enter -0­ 27 o.
Other 28 Other - from list on page A 10. List type and amount
Miscellaneous ~
Deductions

28
Total 29 Is Form 1040, line 38, over $156,400 (over $78,200 if married filing separately)?
Itemized l-==:J No. Your deduction is not limited. Add the amounts in the far right column }
Deductions for lines 4 through 28. Also, enter this amount on Form 1040, line 40. S THT 1.4~ 29 5,864.
[X] Yes. Your deduction may be limited. See pagG 1\-10 for the amount to ellter. . .

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

LHA 719501 11-08-07 For Paperwork Reduction Act Notice, see Form 1040 instructions. Schedule A (Form 1040) 2007
5
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
Schedules A&B (Form 1040) 2007 OMS No 1545-0074 Page 2
Name{s) shown on Form 1040 Do not enle' name and social security numDer 11 shown on page ~ Your social securIty number

JAMES R. & M. ANITA PERRY


Schedule B - Interest and Ordinary Dividends Attachment 08
Se,9II~n,re No ,

Part I 1 List name of payer, If any interest is from a seller-financed mortgage and the buyer used the Amount
I
Interest 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 360.
FROM K-1 - REVOCABLE "BLIND" TRUST STATE
AGREEMENT FBO RICK PERRY DTD 9-13-9 1,555.
Note. If you FROM K-1 - REVOCABLE "BLIND" TRUST STATE
received a Form
1099-INT,
AGREEMENT FBO RICK PERRY DTD 9-13-9 356.
Form 1099-01 D, 1
or substitute
I
statement from
a brokerage firm, -­
list the firm's
name as the -­

payer and enter


the total interest
shown on that
form. f-----­

- f----­

2 Add the amounts on line 1 2 I 2 27l.


3 Excludable interest on series EE and I U.S. savings bonds issued after 1989.
Attach Form 8815 3
4 Subtract line 3 from line 2. Enter the result here and on Form 1040, line 8a ~ 4 2 27l.
Note. If line 4 is over $1 ,500, you must complete Part III. Amount
Part II 5 List name of payer ~
Ordinary BANK OF NEW YORK
3.
Dividends BANK OF NEW YORK
28.
FROM K-1 - REVQCABLE "BLIND" TRUST STATE
-­ ~--_ ..­

AGREEMENT FBO RICK PERRY DTD 9-13-9 _____ ~.1..1 7 2 6 .


FROM K-1 - REVOCABLE "BLIND" TRUST AGREEMENT FBO

Note: If you ANITA PERRY


330.
received a Form -
1099-DIVor ._------­ ------
substitute
statement from ---_._-~--
------
a brokerage firm,
list the firm's 5
name as the c-----------­
payer and enter -_.
the ordinary

~
dividends shown
on that form.

6 Add the amounts on line 5. Enter the total here and on Form 1040, line 9a ~ 6
F 25,087.
Nate. If Itne 6 .IS over $1500 , vou mus camp IIe t e Part III
Part III You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends: or (b) had a foreign
Yes No
Foreign account; or (c) received a distribution from, or were a arantor of or a transferor to a foreian trust.
Accounts 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
and requil aments for Form TO F 90-22.1 X
Trusts 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?
727501
11-08-07 If "Yes," you may have to file Form 3520. See page B-2 X
LHA For Paperwork Reduction Act Notice, see Form 1040 instructions. Schedule B (Form 1040) 2007
6
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
SCHEDULE D Capital Gains and Losses
(Form 1040)
~ Attach to Form 1040 or Form 1040NR. ~ See Instructions for Schedule D (Form 1040).
Deportment of the Treasury
Internal Rev€llu<> Service (991 ~ Use Schedule 0-1 to list additional transactions for lines 1 and 8.
Narne(s) shown on return

JAMES R. & M. ANITA PERRY


Part I I Short-Term Capital Gains and Losses - Assets Held One Year or Less
(a) DeS2nption 01 property
(b) Date
acqUired
I
(c) Date sold (d) Sales prres (e) Cost or ~Galn or (loss)
(::xarnple 100 sh XYZ Co ) (Me, cay, yr) I (Mo. da,', yr.) olher basIs Subtract (el from tdl _
1
~

._-~-J-
I
.-J_

3
2 Enter your short-term totals, if any, from Sdledule D 1, line 2
Total short-term sales price amounts.
\

\
i­ I 2
I
------

Add lines 1 and 2 in column (d) I 3


4 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
from Schedule(s) K-1 SEE _. STA'l:'EMENT :17 _ 5 <235. >
6 Short-term capital loss carryover_ Enter the amount, if any, from line 10 of your Capital Loss
Carryover Worksheet in the instructions 6 ( 8 686.1

7 Net short-term caoital aain or (loss\' Combine lines 1 throuqh 6 in column (f) 7 <8 921. >
\ Part II Lon 9 -Term Ca p ital Gains and Losses - Assets Held More Than One Year
I
,
(a) Description of property
(Example 100 sh. XYZ Co }
(b) Dale
acqul'ed
(C) Date sole!
(Mo._ d~~'. yr J (d)salesp~
T (el Cas! or (f) Gain or (loss)
(Mo. oay. yr.l other baSIS Subtract Ie) from (d:'

8
-.HQRSESHOE BAY PROPERTY 02/28/01 03/30/07 1 138 536. 314 , 770_-,-- __823...1266 ._

--- -~ e---------- -- ---~

-- - ~
--

--~- I --
9 Enter your long-term totals, if any. from Schedule D-1 , line g g
10 Total long-term sales price amounts.
Add lines 8 and 9 in column (d) . 10 1 138 536. -

11 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
from Schedule(s) K-1 .. SEES'l:'A':I'EMENT .:18 12 69,643 .
13 Capital gain distributions ... B.EE .. S':I'ATEMEN'l:' :19.. 13 64.
14 Long·term capital loss carryover. Enter the amount, if any, from line 15 of your Capital Loss
Carryover Worksheet in the instructions 14 ( 13,193.)
15 Net long-term capital gain or (loss). Combine lines 8 through 14 in column (t). Then go to I
Part Ilion paae 2 I 15 880,280.
LHA For Paperwork Reduction Act Notice, see Form 1040 or Form 1040NR instructions. Schedule D (Form 1040) 2007

720511/11-08-07

7
?nn7.n7()R() PRPPV _T7\ M'DC' n
;::.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 I Summary
....J. __ age 2

16 Combine lines 7 and 15 and enter the result. 16 871,359.

If line 16 is
~~tIf.\ ..... ~., i '.~:

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

go to line 17 below.

• A loss, skip lines 17 through 20 below. Then go to line 21. Also be sure to complete line 22.
• 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 .............. ~ 18

19 Enter the amount, if any, from line 18 of the Unrecaptured Section 1250 Gain Worksheet on
page 0·9 of the instructions. ~ 19

20 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
~ ,". t' )J-{f I't:,
Qualified Dividends and Capital Gain Tax Worksheet - Line 44 Keep for Your Records

I Name(s) shown on return


pAMES R. & M. ANITA PERRY

I Bela... you begin: I See 'h' 'm"""oo, 'oe "" 44 'h" b,gi, 0' p,g' 33 '0 '" it yoo ' " m, 'hi' wO'k'h'" to f,goce YoO' ,,,

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.

1, Enter the amount from Form 1040, line 43 1. _--=11-,~O8 3~,5-=--4-=--7,---.

2, Enter the amount from Form 1040, line 9b 2, 12,493.

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-
IS

... 3. 871,359.

DNo, Enter the amount from Form 1040. line 13

4. Add lines 2 and 3 4. 883,852.


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.

6, Subtract line 5 from line 4. If zero or less, enter -0- 6. 883 , 852.
7. Subtract line 6 from line 1. If zero or less, enter -0- 7, _ _ ----=-19--...,L 69 5 •
8. Enter the smaller of:
• The amount on line 1, or
• $ 31,850 if single or married filing separately, 8. ~6~3~,~7~0=--O-=--.o....'

$ 63,700 if married filing jointly or qualifying widow(er),

$ 42,650 if head of household.


9. Is the amount on line 7 equal to or more than the amount on line 8?
J
[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. ----~-~~~~~


883 , 852.

13. Enter the amount from line 10 (if line 10 is blank, enter -0·). . 13. 0"--"-.
14. Subtract line 13 from line 12 14. 88 3 , 8 52 .
15. Multiply line 14 by 15% (.15) 15. 1 3 21...-5 7 8 •
16. Figure the tax on the amount on line 7. Use the Tax Table or Tax Computation Worksheet, whichever
applies 16. 45,099.
17. Add lines 11, 15, and 16 . 17. 177,677.
18. Figure the tax on the amount on line 1. Use the Tax Table or Tax Computation Worksheet, whichever
351,447.
~;;;;,;;I;:"bl' I,~;me
18.
I f9 E,'" ';"m'I'''o' ",,17o,[,h.'B A[;o IOhlod' 1tio'moool 00 Foem
19. 177,6?L...

710·151
11-13-Q7

8.1
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
OMS No. 15~5-007~
SCHEDULE E Supplemental Income and Loss
(Form 1040)
Department of the Treasuf Ji
(From rental real estate, royalties, partnerships,
S corporations, estates, trusts, REMICs, etc.) 2007
Internal Revenue Service ~ Attach to Form 1040, 1040NR, or Form 1041. ~ See Instructions for Schedule E (Form 1040).

Name(s) sllOwn on return 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 ~O.

List the type and location of eacll rental real estate property: 2 For each rental real estate property listed Yes
A on line 1, did you or your family use it
during tile tax year for personal purposes
J.R. PERRY CO. - ROYALTY A
for more tllan the greater of:
B RESIDENTIAL RENTAL PROPERTY • 1~ days or
• 10% of the fatal days rented at fair B x
C rental value?
(See page E-3.) c
Properties Totals
Income:
A B C I (Add columns A, S, and C.)
3 Rents received
3 5 200. 3 5,200.
4 Royalties received
4 3 182. 4 L182.
Expenses:

5 AdvertiSing
5 --
6 Auto and travel (see page E-~)
6
7 Cleaning and maintenance
7
8 Commissions
8
9 Insurance
r--1--
10 Legal and otlm professional fees
10
11 Management fees
11
12 Mor1gage interest paid to banks, etc.

(see page H)
12 4 092. 12 4,092.
13 Other Interest
13
14 Repairs
I 14
15 Supplies
15
16 Taxes
16 2 962.
17 Utilities
17
I
18 Other (list) ~
--

--- 1------
18
I
I
19 Add lines 5 through 18 .
19 7 054. 19 7,05h
20 DepreCiation expense or depletion (see page E-5)
20 500. 20 500.
21 Total expenses. Add lines 19 and 20
21 500. 7 054.
STMT 20
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. <1 854.>
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 ( 1 854.
24
Income. Add positive amounts sllOwn online 22. Do not include any losses 24 2 682.
25
Losses. Add royalty losses from line 22 and rental real estate losses frolll line 23. Enter total losses Ilere 25 ( 1 854.l
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 26 828.
721491 11-03-07 LHA For Paperwork Reduction Act Notice, see instructions. Schedule E(Form 1040) 2007
9
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
Schedule E (Form 10401 200~ Attachment Sequence No 13 Page 2

.: : :. .: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_' ~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? DYes [X] No
It vou answered "Yes' see Daqe E·G belore cOlllolellnq this section.

28
(b) Enlel P 101 (c) Check
partnership S If foreign
(dl Employer
d f l' b
I (e) Check If
any amounf IS
(a) Name
',"I''''§~~.
5 corporallOn par:nershlp
fOI
-I
#JoRo, PERRY
CO. P 75-16426~5 _W""'''_
__
p
-

==E
-----
I
I

- . I I
Passive Income and Loss Nonpassive Income and Loss
--------1f----------,-~----,--___,._------------­

(I) Passive loss allowed (g) Passive Income (h) Nonpassive loss (il Section 179 expense (i) NonpasSlve I/lcome
(attach Form 8582 if requlled) from Schedule K·1 from Schedule K·1 deducllon from Form 4562 from Schedule K-1
-,----.----------------i---------c---:-­
A 1 654. ------f------------­
B ----------------,....--------i----­ o. -------+-------------­
C

D ----------1---------+--­
29a Totals. 1--- +-- 1 , 65....4c...:.+--- -t-_ _. _
b Tolals .
30 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 32 1 654.
Part III Income or Loss From Estates and Trusts
(a) Name
I (b) Employer
33
'---,-dentillcalloll number
-------------------1
SEE STATEMENT 21
.Jl I
Passive Income and Loss Nonpassive Income and Loss
------­
(c) Passive deduction or loss allowed (d) Passive I/lcome (e) Deduction or loss (f) Olher income from
(at1ach Form 8582 if requlled)
I flam Schedule K·1 from Schedule K·1 Schedule K·1

::Lr

B I ,­
"---­

,
-­ 1--------------­

II
~
34a TOlals 41, 727.
b Totals I 9,858. ------­
35 Add columns (d) and (I) of line 34a 35 41 ,727. __
36 Add columns (c) and (e) of line 34b 36 ( 9 ,858.)
37 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 37 31 869.
I Part IV I Income or Loss From Re,al Estate Mortgage Investment Conduits (REMICs) - Residual Holder
(b) Employer (c) Fxcess inclusion Irom (d) Taxable IIlcome (nel (e) Income from
38 (a) Name Idenliflcallon number Schedules Q, llile 2c loss) from Schedules Q, Schedules Q, line 3b
line 1b

_ _ _ _-.-L_
T
39 Combine columns d and e onl . Enter the result here and include in the total on line 41 below 39
Part V Summary
40
41
Nel farm renlal income or (loss) Irom Form 4835. Also, complete line 42 below
Total income or (loss) ComtHne mes 26 2~, 37 39 and 40 Enter the result here and on Form 1040 line 17 or Form 1040NR line 18
~~ U.
[44"'-°1-~------­
34,351.
42 Reconciliation of farming and fishing income. Entel your gross farming and fishing Income I
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 ---i

43 Reconciliation for real estate plDfessionals. II yeu were areal estate profeSSional (see page E-2).

enter the net InCOIn\~ C:/ (10SS) you reported anywhere on 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

10
0370807 786859 630 2007.07080 PERRY, JAMES R.
INCOME FROM PASSTHROUGH STATEMENT, PAGE 1 2007
SCHEDULE E
Name J&~ES R, PERRY SSN/EIN~ • • • • •~
Passthrough J ,R, PERRY CO. ID 75-1642655 TAXPAYER
PARTNERSHIP
Prior Year Unallowed Disallowed Due to Prior Year Unallowed I
Disallowed Due to II Prior Year Passive Disallowed Passive
K-1 Input BaSIS Loss Basis Limitation At-Risk Loss At-Risk Loss Loss Tax Return
c
........L.H\. .... , ........................

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
- ­

I------d ­
Self-charged passive interest expense
3uaranteed payments
Section 179 and carryover
Disallowed section 179 expense
Net income (loss)
First passive other
F 5 827

<4 173,
--
--
~...s..1L.
____~_.1.....JD...?_
Second passive other _ --------
Cost depletion --
Percentage depletion
Depletion carryover
i

L= - -

Disallowed due to 65% limitation


Unreimbursed expenses (nonpassive)
~

~~

Nonpassive other _
Total Schedule E (page 2) _ 1 654
C FORM 4797 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 83. 83_~

Deductions related to portfolio income I L


Other \ --

11
721551
04-27 -07
INCOME FROM PASSTHROUGH STATEMENT, PAGE 2 2007
SCHEDULE E

Name JAMES R PERRY


SSN/EIN J• • • •- - ­
Passthrough J . R. PERRY CO,
10 75-1642655 TAXPAYER
PARTNERSHIP

I
I K-1 Input
~Year U~allowed
Basis Loss
Disallowed Due to Prior Year Unallowed
Basis Limitation At-Risk Loss
I Disallowed Due to
At-Risk
I
Prior Year Passive Disallowed Passive
Loss Loss ,,, ""em _
GELR~;;~~O DIVIDENDS
I
Interest income ._­
Interest from U_S. bonds
Ordinary dividends
Oualified dividends 1------­
Tax-exempt interest income ._
I FORM 6251 --­
Depreciation adjustment after 12/31/86 I

Adjusted gain or loss


Beneficiary's AMT adjustment - ­ --­
Depletion (other than oil) - -1 - - - - - - - - - ­
Other
L MISCELLANEOUS
Self-employment earnings (Ioss)/Wages 5 827
L-­ --------­
/------­

~----5~
Gross farming & fishing inc -­
Royalties 3 182 3 18L
Royalty expenses/depletion I--­
500 500
Undistributed capital gains credit

g----­
Backup withholding.
Credit for estimated tax
Cancellation of debt l-­

r=
Medical insurance - 1040 -------­
Dependent care benefits
Retirement plans t--­
Qualified production activities income
Passthrough adjustment to Form 1040
Penalty on early withdrawal of savings
=t= -­
NOL I
Other taxeslrecapture of credits.
Credits
Casuaity and theft loss
I

12
721552
04-27-07
INCOME FROM PASSTHROUGH STATEMENT, PAGE 1 2007
SCHEDULE E
Name JAMES R PERRY SSN/EIN
Passthrough REVOCABLE "BLIND" TRUST STATE AGREEMENT FBO RICK PERRY DT 10 74-6467584 _'ll\)CPAYER
"'STATE OR TRUST
I
I Prior Year Unallowed Disallowed Due to Prior Year Unallowed Disallowed Due to Prior Year Passive Disallowed Passive
K-1 Input Basis Loss Basis Limitation At-Risk Loss At-Risk Loss Loss
J,. . . . . . . . . . . . . . . . . ...., ..... -'- .......
Tax Return
I 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 --
Percentage depletion 9 858 9 858
Depletion carryover . - -

Disallowed due to 65% limitation


Unreimbursed expenses (non passive) --
Nonpassivt: other. 41 727
4J~~lL
Total Schedule E (J2age 2) . 31 869
31 869
I FORM 4797 - -

Section 1231 gain (loss) .


I --
Section 179 rec3tlture on distl0sitlon

I SCHEDULE 0
Net short-term cap_ gain (loss)
<235
<:u2....?
Net long-term cap. gain (loss)
- -
69 643
69 64.1...
Section 1256 contracts & straddles

r
I FORM 4952

~
Investment interest expense - Sch. A I

Other net investment income


I

! ITEMIZED DEDUCTIONS --
Charitable contributions
Deductions related to portfolio income
OHler l===r== i I ~-----
1 000

13

721551
04~27 ·07
INCOME FROM PASSTHROUGH STATEMENT, PAGE 2 2007
SCHEDULE E
Name Jl'.MES R, PERRY SSN/EIN • • • • •IL_
Passthrough REVOCABLE "BLIND" TRUST STATE AGREEMENT FBO RICK PERRY OT 1D 74-6467584 TAXPAYER
ESTATE OR TRUST

.... ' - ' ' ' - , J. • , " - ' LJ..o.- ~ .......

K-1 Input
Prier Year Unallowed
Basis Loss
Disallowed Due to Prior Year Unallowed
Basis Limitation fIt·Risk Loss
Disallowed Due to
At-Risk
Prior Year Passive Disallowed Passive
Loss Loss
I' Tax Return
I INTEREST AND DIVIDENDS ._----­ -­
Interest income 356 3SG.
Interest from U.S. bonds ._-_._--­
Ordinary dividends 24 726, I 24+.n_6~
Qual:fied dividends 12 462 12 462,
Tax-exempt interest income .... '
I FORM 6251 .
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 4 • • • •1L­
Passthrough REVOCABLE "BLIND" TRUST AGREEMENT FEO ANITA PERRY ID 03-6092780 TAXPAYER
ESTATE OR TRUST

Prior Year Unallowed I Disallowed Due to I Prior Year Unallowed I Disallowed Due to I Prior Year Passive IDisallowed Passive
K-1 Input BaSIS Loss Basis Limitation At-Risk Loss At-Risk I Loss Loss Tax Return
OTHER PASSIVE
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 I

Net income (loss) ~_


I

First passive other

Second passive oHler,

Cost depletion

=L t t =t= J
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)

j
Section 1256 contracts & straddles

=
[ FORM 4952

Investment interest expense - Sci), A

Other net investment income

"J
I --t---­

t
-------1--_
I I I

ITEMIZED DEDUCTIONS
Charitable contributions ,

Deductions related to portfolio income

Other,
~ j--------i
jl
----
I I
I
I
1 - - - - - 1 -- - - - - + - - - - - - t - - - - - - ­
1

15
72 ',551
04-27 ~07
INCOME FROM PASSTHROUGH STATEMENT, PAGE 2 2007
SCHEDULE E
Name J&'1ES R,~.---"-P-,=E,",R",R,,,y~ _ SSN/EIN JI• • • • •-
Passthrough REVOCABLE "BLIND" TRUST AGREEMENT FBO ANI TA PERRY ID 03·6092780 ~AXPAY_~L _
ESTATE OR TRUST
Prior Year Unallowed Disallowed Due to Pnor Year Unallowed Disallowed Due to Prior Year Passive Disallowed pass~--------
OTHER PASSIVE I K-1 Input Basis Loss BasIs Limitation AI-Risk Loss At Risk Loss Loss ,"CO I
I
Tax Return
INTEREST AND DIVIDENDS
Interest income.

Interest from U.S. bonds


t­ 1-------+-------+--------1
Ordinary dividends 330 :3]'£'-.
Qualified dividends

Tax-exempt interest income.

FORM~62~5~1_ _

I
Depreciation adjustment after 12/311861==

Adjusted gain or loss


==t==:: r ==j ==t I~ I ===-t '
_~
Beneficiarys AMT adjustment I -+-------+-------1------+---­
Depletion (other than oil) 1--------1­ -+----­
Other
c= MISCELLANEOUS
Self employment earnings (Ioss)/Wages I t- t-­ .- --­
Gross farming & fishing inc
Royalties
Royalty expenses/depletion

---­
UndistributecJ capital gains credit
Backup withholding. I

~- ~-- - - - -

l_ -- =---==
Credit for estimated tax ­

Cancellation of debt ~t

=F3=
Medical insurance - 1040

-I
Dependent care benefits
Retirement plans
Qualified production activities income
Passthrough adjustment to Form 1040 _

Penalty on early withdrawal of savings

~~~r
Credits
taxeslrecapture of credits.

Casualty and theft loss


- L
I
i I

~

!==~
-
- ------­

= .J

16
721552
0-1--27 -07
I Schedule E PASSTHROUGH RECAP ­ BASIC INFORMATION 2007
JAMES R. & M. ANITA PERRY _

TT~ Schedule K-1Line Reference: (1065/1120S/1041) 1/1/6, 2/2f7 3/3/8 * 1 '. 5/4/1 * 6aJ5a12a 7/6/* 8/7/3 9,a,/8a14a 4/~~
Ordinary I Rental Real OHler Rental Passive IIIMT Passive. US Treasury .. . Short-Term Net Lon g -.. Guaranteed

5P
:
1:
Entity
.
AcL
Income 'Estate Income IIctivity Activity Loss Interest Bond DIVidends Royalties Capital Term Cap, tal Payments

E No_ i'Jo_ Name


(Loss) Inc. (Loss) (Loss) Loss CIO CIO Interest Galf' (Loss Ga,n (Loss) to Partner
fr Ip 1 1 l1 R PERRY CO 5 827 3 182 ~__
fr E 3 I 4 REVOCABLE "BLIND" TRUST AGREEME 330
riR 2 3 REVOCABLE "BLIND" TRUST STATE A 3..2§... 24 726 <235 > M~ _
I t-------- -- _
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 5 827 356 25 056 3 182 <235_.~r£9...£_4..l,+- .


Schedule E. Schedule E. Scredule E, F 8582 Form S h d I B S I Schedule E.
Component of: Page 2. Page 2. Page 2. arm 85821\MT, c e u e . chedu e B, Schedule B Schedule E. Schedule D. Schedule D. Page 2.
Varrous Varrous Varrous Line 3c Line 3c Line 1 Line 1 lome 5 L'ne ~
J
L,ne 5 L,ne 12 Various

Sctledule K-1
Line Reference:
(1065/i ~2CS/104 i) 10/91* * 111101* 13/12/* 12/111* 13/12/* 13/121* 13/121* */* 20/17/14 13/*1* * 14/*1* 17115/12 *1*/12 *1*/12
--­
Ordinary
Other
Charitable
Deductions
Related to ~ Investment Investment .1, SE Health Wages for
AMT Oepr Minimum
Entity : Act. Section 1231 Gain (Loss) r;ontrlbutlons Section 179 PortfoliO Otller Int. Expense Int. Expense Investment Insurance More Than 2% Net SE Ad] on Post Tal(
Exclusion
No. Ir No. Gain (Loss) Form 4797 Income 50% Expense Income (2%) Deductions Schedule A) Schedule E) i Income Premium Sha,eholders Earnings Items
---'-=-=­ '86 Property ~~~men~
--­
l2...s.rr.
~~
83 I 4 173 3 182

2 3 44 038 1 1....QQQ.. ---.1...11L


I I
I
! 1­ -­ ~-

-t
I

I
1
+----­

=1 i
-~

:=r=r
=
I ---­

f------J---
t--­
- .


Tota!s 44 038 83
I

I 1 000 6 484 3 182


I
I 5 827

Schedule E.
Component of: Form 4797. Form 4797,
Schedule E,
Form 4562, Sciledule A. SC~lerlule A, Schedule E F 4952 Form 1040, I FOim1040, ~chedule SE.I Form 6251. Form 6251. 2007
~'
Schedule A, Page 2.
Page 2.
Line 2 Line 10 I VanOL:S L,nes 16& 17 I Line 6 Line 23 VanOL:S Line 14 , Verrous Line 4a Lille 29 Line 7 ~~ L,ne 14_F~~I~~

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


728071 11-16-07
16.1

c::,.h~dule E 2007
JAMES R. & M. fu~ITA PERRY

I
,
Schedule K-l
Line Reference:
(1065/1

No. I No
~20Si

:ntity iflct.

:
l04"1)

I
6b/5b/2b
Qua~ilied
11/10/*
Sec. 1256 1. Dependent
Dividends Contracts & jCare Benefits
i Straddles I
I
L
13/* /*

­
=t===i-
-
13 /12:14
QualifIed
Pro0uc~\on
ActIV\\les
13/12/*
:mploye(s
W-2 Wages
I
15/13/*
I Und'Slr<buled IEm~owermenl
'
15/13/13

I Ca~ltal Gains, ZenE' Credit


15/~ 3/ 13
Credit for
lncreasmq
Researc~

"u,""c,
15/13/*

Credit
15/13/*
New r,larkets!Credit for SS
I & Medicare
Taxes H~__
20/17/13
Recapture 01
oW-IncomE>
_._11
* /* /'

Roya:ty!
Deple710n

~;;e~s~s I
t--=' 500
-r-·
---f-----­
I
-j-----:----
r-­
I.

f--+--t-------j-----+----+----+---+----+----+------~-- , I
2 I 3 I 12 462 _L~ I
~--~: I ' , -~ ~--~f___---~
, --f---~- ---J
f---,-~__+_~--J--~+_~~f--_j__--~_+__--
- 1-----4
~----J

, ' '- t- J
~o-t-al-s ~~
!

Cocnponent of:
I 12 462
Form 1040, Form 6781,
Line 9b Line 1
Form 24t.1
Line 14
I

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
10
~- - - - - - ­
---j J­
1
J __ ~ L_____ _ __

ScheauleK-i 1
Line Reference
(1065/1 12CS/i 0,+ 1)
'" ..... .... '" '" "'.. ...... '" ..
Entity Act Schedule E SCh:~'~le ST AMT LT AMT Sec. 1231 Se~~~~31 4797-0rd. 47:7M~rd Other (~:~:r I I I
E
-4--
"'""'""-=-£
[I

I \
No
.
No'
. c,,,"',,,
BaSIS BaS's
c~,,,",
BaSIS
,,",,"",
BaSIS BaSIS LT Bass BASIS
c",,,"', c,,,,,"",, c,,,,,"", ,,,"'""' ,,.,,"," c'''''"''_! . c.",," c,,,,,,,,,
Bas's Bi1SIS Bas's BaSIS 8as,s
'.~ =-L'~ -.'1 _~:
f------!
---+-~-_ _+_ _---j_ _-JI - - j - _ - - - - j_ _---j

----l---- ~ - - - - - f _ _ _ - - - '---- - -­

I--- I ~ -r----­

i
r I .
----t----- - f-------+-------+---f----~+_---t_--~__J
--r--J
I I I [ -­
1---+---1-- I 1 I -'--- --1----+-----+--_---+-_ _+----- _
~

Tot::lls

Component of:
BaSIS
Limitation
Worksheet
B<J:sI$
Lirroltation
Worksheet
BaSIS
Limitation
\Vorksheet
8asl$
L,mrtallon
'Nor<shee!
BaSIS
Llmltallon
Worksheet
3asls
limitation
\/'/mkshE'E't
BaSIS
Limitation
Workshee~
BaSIS
LrrllltatlrJrl
\'mrksheet i
R8SIS
Llmrlat,OIl
Worksheet
BaSIS
LimitatiOn
WOrksheet
I
BaSIS
L,,';lt;:I!ton
Worksheet
BaSIS
Limitation
Wo~ksheet
I
I
LJ I

728076 1c-0"-07 * No specifiC Schedule K·1 line refere~ce for these amounfs_ 16 .2
Statement of Rental and Royalty Income
Name(s) as shown on return Your social security number

b"AMES R. & M. ANITA PERRY


~AYS - PERSONAL 122 RENTAL 243
Kind

Locatiol'
-

RESIDENTIAL RENTAL PROPERTY

Rental and Royalty Income


GROSS
OTAL DAYS USED DURING YEAR 365
~USINESS % : 243/365 = 66.58%
lINT & TAXES : 243/365 = 66.58%
PERSONAL/DUAL
OWNERSHIP
EXCLUSION
VACATION HOME
LOSS LIMITATION
NET TO SCH E

3. Rents received 3 5 200. 5 200.


4. Royalties received
4 -----
Rental and Royalty Expenses

i
5. Advertising 5
6. Auto and travel 6
I
7. Cleaning and maintenance
7
8 Commissions
8
9. Insurance
9
10 Legal and other professional fees
10
11. Management fees.
11 -­
12 Mortgage interest paid to banks, elc.
12 6~46 . 2,054., 4 092.
13. Otller Inlerest
13
14. Repairs
14
15. Supplies
15
16. Taxes
16 4 449. 1,487. 2 962.
17. Utilities
17 ---­

18. Other (lrst) ~

----~---- ---_ .. _­ -----_._--­

I
+------­
- .

- ­

c----­

18

19. Add lines 51hrougll 18


20. Depreciation expense or depletion
21. Tolal expenses. Add lines 19 and 20
19
20
21
10,595.
2 287.
12 882.
3 54l.
764.
~.J05. _
1 sn±
1, 523.1
7,054.

7,054.
22. Income or (loss) Irom rental or royalty properties.
Subtract line 21 flam line 3 (rollts) or line 4 (royalties) 22 <7..1 682 .> [ <1,854.1>

721601
04-27 "07

17
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
2007 DEPRECIATION AND AMORTIZATION REPORT
RESIDENTIAL RENTAL PROPERTY ­
SCHEDULE E­ 2
Date
.
Asset line Unadjusted Bus % Reduction In Basis For Accumulated Cu'rlenl Current Year
No Description Acquired Method Life No. Cost Or Basis Excl Basis Depreciation Depreciation Se~ 179 Deduction
,

1
08 01 07 SL 27.50 19H 167,679. .3342 167,679. 2,287.
LESS EXCLUSION <56,038. > <56,038. > <764.>
I
I

TOTAL SCH E
lDEPRECIATION 111,641. 111,641. ~ 1,523.

7=8102
04-27 -07 (0) - Asset disposed • lTC, Section 179, Salvage, Bonus, Commercial Revitalization Deduction, GO Zone

17.1
OMS No 1545-0074
SCHEDULE SE
(Form 1040)
Department of the Treasury
Self-Employment Tax
2007
Internal Revenue Service (991 ~ Attach to Form 1040. ~ See Instructions for Schedule SE (Form 1040). ~~I~~:;;'c':,"~o 17
Name of person with self-employment income (as shown on Form 1040) I Social security number of
I person with self-employment
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.

~---J--'I
r' Did you receive wages or tips in 2007?
Yes
I No ' I- - - - - ,

Y •
Are you a rnlnlster, member of a religious order, or Christian I Was the total of your wages and tiPS subject to social security Yes
Science practitioner who received IRS approval not to be taxed Yes or railroad retirement tax plus your net earnings from self­
on earnings from these sources, but you owe self-employment employment more than $97,500?
tax on 01l1er earnings?
I No
y
Are you using one of the optional methods to figure your net Did you receive tips subject to social security or Medicare
earnings (see page SE-4)? tax that you did not report to your employer?

No I No
- - - - --------------'------­
Did you receive church employee Income reported on Form W-2 Old you report any wages on Form 8919, Uncollected Social
of $108.28 or more? 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----­
You must use Long Schedule SE on page 2

Section A-Short Schedule SE. Caution. 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 2 65 000.
3 Combine lines 1 and 2 3 6~ 000.
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 4 60,028.
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 .


5 9 184.
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 r 6 I 4,592.
LHA For Paperwork Reduction Act Notice, see Form 1040 instructions. Schedule SE (Form 1040) 2007

724501
11-05-07

18
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
Schedule SC (Forrr. 1(40) 2007 At:achment Seouence No 17 Page 2
Name of person with self-employment income (as shown on Form 1040)
I
I Social security number of II
JAMES R. PERRY
I~:~~~ wlthself-emPIOyme; 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

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)
I 1
2 Net profit or (loss) from Schedule C, line 31 ; Schedule C-EZ, line 3; Schedule K-l (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-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 2 5,827.
3 Combine lines 1 and 2 3 5,827.
4a If line 3 IS more than zero, multiply line 3 by 92.35% (.9235). Otherwise, enter amount from line 3 4a 5-L381 .
b If you elect one or both of the optional methods, enter the total of lines 15 and 17 here.
4b
c 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 . _..... ~
I 4e 5,381.
5a

b
~~t:~~~~i~~ho~r~~u~:p~::I:;::~::;:m F ormW2.SeepageSE-l ..... ____ ..

Multiply line 5a by 92.35% (.9235). If less than $100, enter -0­


lJ -~

5b
-

6 Net earnings from self-employment. Add lines 4c and 5b 6 5 38l.


7 Maximum amount of combined wages and self-employment earnings subject to social security tax or
the 62% pOll/on of the 7.65% railroad retirement (tier 1) tax for 2007 7 97.500.00
8a Total social secunty wages and tips (total of boxes 3 and 7 on f'orm(s)

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)
49_4.
b 8b
c Wages subject to social security tax (from Form 8919, line 10) I Be I
d Add lines 8a, 8b, and 8c 8d
9 Subtract line 8d from line 7_ If zero or less, enter ·0- here and on line 10 and go to line 11 ~ .--JL. - - - - - - - - - - - -
10 Multiply the smaller of line 6 or line 9 by 12.4% (.124) ..1Q.... , - - - - ­
11 Multiply line 6 by 2.9% (.029) 11 156.
12 Self-employment tax. Add lines 10 and 11> Enter here and on Form 1040, line 58 ~-- 156.
13 Deduction for one-half of self-employment tax. Multiply line 12 by I
50% (.5). Enter the result here and on Form 1040, line 27 I 13 i 78.
I PartJ!j Optional Methods To Figure Net Earnings (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 1,600_00
----­
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 line-
4b~ above
-~~~~~~~~~~~~~~~~~~~~~>
15
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 16
17 Enter the smaller of: two-thirds (2/3) of gross nonfarm income 4 (not less than zero) or the amou n, on
line 16. Also include this amount online 4b above. ..... I 17 - .

1 From Sell. F, line 11, ,mel Sch. K-1 (For III 1065), box 14, code B.
3 From Sch. C , line 31: Sch. C-£Z, line 3; Sell_ K-1 (Form 1065), box 14, code A; alld

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

7?4~n? / 11-05-07 Schedule SE (Form 1040) 2007


19
10370807 786859 630 2007.07080 PERRY. JAMRS R_
OMB No 1545-0121

Form 1116 Foreign Tax Credit 2007


Department of the Treasury
(Individual, Estate, or Trust)
Intern;)1 Revenue SerVice (99) ~ Attach to Form 1040, 1040NR, 1041, or 990-T.
Name Identifying number as shown on page 1 at you, tax 'eturn

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


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 cO Section 901 (j) Income e 0 Lump-sum distributions
b 0 General category Income dO Certain Income re-sourced by treaty

f Resident of (name of country) ~ 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 Total
A B C (Add cols. A, B, and.r;:J
g Enter the name of the foreign country or U.S. pTHER
possession ~ rOUNTRIES
1a Gross Income from sources within country shown above

and of the type checked above:

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

24 209. 1a 24 209.
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

determine its source (see instructions) ~ 0

Deductions and losses (Caution: See pages 14 and 15


of the instructions):
2 Expenses definitely related to the income on line 1a

(attach statement)

3 Pro rata share of other deductions not definitely related:

a Certain Itemized deductIOns or standard deduction

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


b Other deductions (attach statement)

c Add lines 3a and 3b


2 826.

d Gross foreign source Income


24 209.
e Gross Income from all sources 1 135 743.

f Divide line 3d by line 3e


.0213161
9 Multiply line 3c by line 31 60.
4 Pro rata share of interest expense:
a Home mortgage interest (use worksheet on page H
of the Instructions) . 20.
b Other interest expense
5 Losses from foreign sources i
6 Add lines 2, 3g, ~a, ~b. and 5 80. 6 80.
7 Subtract line 6 from line 1a. Enter the result here and on line 1~. paQe 2 ~ 7 24 129.
I Part II I Foreign Taxes Paid or Accrued
Credit is claimed F_o_r_e_i...g,_n.t_axes paid or accrued - - - - - - - - - - - - - - - _ .. __ . _ ­
for taxes ..
(you must In for eig n cu rre ncy In U.S. dollars
1:' check one) (n) Other (r) Other (s) Total foreign
§ (h) [][] PaId Taxes withheld at source on: foreign Taxes withheld at source on: foreign taxes paid or
8 (i) 0 Acc,ued taxes paid 01 taxes paid or
accrued
accrued (add cols.
(0) th,ough (r))
accrued
-t_(.j).-'a"'~a...~"'~cC'~~"'~d'"-d_ +(...k..) DIvidends (m) Inle,esl (o) DIvIdends (q) Inlerest
A 77. 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::....::: ~~~~~ _ _~ ~~
~ 8 I
_ _~-'--'=--.r.--''--'- 7 ~7----:
---'--'-::..
LHA For Paperwork Reduction Act Notice, see sep<Jrate instructions. Form 1116 (2007)
711501
12-21-07

20
10370807 786859 630 2007.07080 PERRY, J~ES R. 630 1
Form 1116 (20071 JAMES R. & M. ANITA PERRY Page 2

--'I
Part III I Figuring the Credit
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 9 77.
1

10 Carryback 01 carrvovcr (attach detailed computation; SEE STATEMENT 25 10 3•


. <.

11 Add lines 9 and 10 111 80.

12 Reduclion in forclgn taxes 121


13 Subtract line 12 tram Ime 11. This IS the total amount of foreign taxes available tor credit 13 80.
14 Enter the amount from IlIle 7. ThiS is your taxable income or (loss) from sources outside the
I I
United States (before adjustments) for the category 01 income ctlecked above Part I 1 14 1 24, 12_~

15 Adiustments to line 14 l1J


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 I

one Form 1116, 'Iou must complete Ime 19.) 116/ 24 129.

17 Individuals: Enter the amount from Form 1040, line 4 '.If 'lOll are a nonresident alien, I
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 17 581 913.
Caution: If you figured your tax using the lower rates on qualified dividends or capital gams, see instructions.
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,
lines 36 and 37 1191 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 ~ 21 80.
I Part IV 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
27 Enter the smaller at Ime 19 or line 26 t-"2~7+----­ ~Q-'-
28 Reduction of credit for international boycott operations 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 ~ 29 80.
Form 1116 (2007)

711511
1.2-21-07

21
0370807 786859 630 2007.07080 PERRY, JAMES R. 1
6251
OMB No 1545-0074

Form

Department of the Treasury


Alternative Minimum Tax - Individuals
2007
Internal Revenue Service (99) ~ Attach to Form 1040 or Form 1040NR.
Name(s) shown on Form 1040 or Form 1040NR Your social security number

If filing Schedule A (Form 1040), enter the amount from Form 1040, line 41, and go to line 2. Otherwise, 1­
enter the amount from Form 1040, line 38, and go to line 7. (If less than zero, enter as a negative amount.) !---,---1-+-------'1"'--'~ 946 •
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 2
3 Taxes from Schedule A (Form 1040), line 9 .
~3 __~_6, 055.

'I6~:r'L
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) _ <6,703._>
7 Tax refund from Form 1040, line 10 or line 21 I _
8 Investment interest expense (difference between regular tax and AMT) ~ - - - -

9 Depletion (difference between regular tax and AMT) I 9


10 Net operating loss deduction from Form 1040, line 21. Enter as a positive amount 10
11 Interest from specified private activity bonds exempt from the regular tax 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
14 Eslates and trusts (amount from Schedule K·1 (Form 1041), box 12, code A) . -----..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) ---.1L.1 - - - - - - - - - - - - ­
18 Passive activities (difference between AMT and regular tax Income or loss) .. SEE STbTEMENT 26 18 o.
19 L_oss limitations (difference between AMT and regular tax income or loss) 19
20 Circulation costs (difference between regular tax and AMT)
21 Long-term contracts (difference between AMT and regular tax income)
22 Mining costs (difference between regular tax and AMT)
:L
20

22
I

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
26 Other adjustments, including income-based related adjustments
27 Alternative tax net operating loss deduction
~~
27 ---
28 Alternative minimum taxable income. Combine lines 1 through 27. (If married filing separately and line
28 is more than $207,500, see instructions) 28 1 086 298.
I Part II I Alternative Minimum Tax

1]
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 THEN enter on line 29.
Single or head of household. $112,500 ... $44,350
Married filing jointly or qualifying widow(er)..
Married filing separately.
150,000 . .
75,000
66,250
33,125 } 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 30 1,086,298.

~
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 .
185,763!..,
• 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.
32 Alternative minimum tax foreign tax credit (see instructions) 132 80.
33 Tentative minimum tax. Subtract line 32 from line 31 . r---=33'---+- -=1~ 5-L~Jl.3----!..
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 For Paperwork Reduction Act Notice, see instructions.
22
o 341
,
177,597.

8,086.
Form 6251 (2007)

10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1


rFo_r_m_6_2_5~1,--(2_00_7..:...) .:"'J:..o.AM=E=S--"R,o-.:..-.:::::&--"M=-.:..-AN=c..::I:....:T::.,:A"':-.=:.P.=E:..:R-'::'R:..o.Y=---- -----' Pa--"Q'--e----'---2
Part III , Tax Computation Using Maximum Ca~pjt...
a,--I-=G=-=a"'in'-"s=---=-R a,"-ot-=e...
s -----,
I

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
U 36 I 1 , 086 , 298 .
37 Enter the amount from line 6 of the Qualified Dividends and Capital Gain Tax I
,
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,
I
see instructions for the amount to enter 37 883 852.
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
I
or 2555·EZ, see instructions for the amount to enter. 39 I 883 852. I

40 Enter the smaller of line 36 or line 39 ~ ...____~8J_L852___


41 Subtract line 40 from line 36. 41 202,446.
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),
• $31,850 if single or married filing separately, or
• $42,650 if head of household.
}

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


I

47 Enter the smaller of line 45 or line 46 47

48 Multiply line 47 by 5% (.05) ~ 48

49 Subtract line 47 from line 46 l1L 883,852.

50 Multiply line 49 by 15% (.15) ~ 132,578.


~

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

51 Subtract line 46 from line 40 l21J


52 Multiply line 51 by 25% (.25) ~ 52

53 Add lines 42, 48, 50, and 52


i~·
53 185,763.
I
54 If line 36 is $175,000 or less (S87,500 or less if married filing separately), multiply Iine 36 by 26% (.26). 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. ___
r'-~

55 Enter ti,e smaller of line 53 01 line 54 here and 011 lino 31. If you are filing Form 255 5 or 2~)5,)·FZ, do not enter
t his am 0 unton lin e 3 1. In stead. en ter it 0 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

23
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
FI
~AMES
I
R. & M. ANITA PERRY
ALTERNATIVE MINIMUM TAX RECONCILIATION REPORT

Adjustment
Social Security Number

Form I

Name
I
Description
Income -­
Form 6251, Line 16 Form 6251, Line 17 Form 6251, Line 18 Form 6251, Line 19 Form 6251
!
r-- Other Adjustment
Kl- p".R. PERRY CO. -­

* REGULAR INCOME I 1,654.


* AMT NET INCOME 1,654.

'I

I I

! I
I

I
I

I
I
,

l I I ~ -
719911
04-27-07
Date
';S3cj:
No I Description Acquired
AMT
Cost Or Basis
I AMT
Accumulated
Regular
Depreciation
AMT
Depreciation
NvlT
Adjustment

PROPERTY ­
I I
08101107 SL 27.50 167,679. o. 1,523. 1,523·1 o.
** SUBTOTAL ** 167,679. o. 1,523. 1,523. o.
*** GRAND TOTAL *** I 167,679. o.
I
1,523. 1,523.1 o.

7281C4
04-27-07

24.1
OMB No 1545-0121
ALTERNATIVE MINIMUM TAX
Form 1116 Foreign Tax Credit
(Individual, Estate, or Trust)
2007
Dep3ftment of the Treasury
Internal Revenue SerVice (99) ~ Attach to Form 1040, 1040NR, 1041, or 990-T.
Name Identifying number as shown on 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 cO Section 901 (j) Income e 0 Lump-sum distributions
b 0 General category income dO Certain Income re-sourced by treaty

f Resident of (name of country) ~ 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 Part I I Taxable Income or Loss From Sources Outside the United States (for Category Checked Above)
f- _ _--'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
A Total
(Add cols. A, B. and C.)
Enter the name of the foreign country or U.S. PTHER
possession ~ COUNTRIES
1a Gross Insome from sources Within country shown above
and of the type cllecked above:
-------------------------

24 209. 1a 24 209.
b Check if line 1a IS 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
determine its source (see Instructions) ~ 0
------'----'--'----"=-----====-+--------+---------+--------+-...,
Deductions and losses (Caution: See pages 14 and 15
of the instructions).
2 Expenses definitely related to the income on line 1a
(attach statement)
3 Pro rata share of ollle! deductions not definitely related:
a Cel tain itemized deductions or standard deduction
b Other deductions (attach statement)
c Add lines 3a and 3b
d Gross foreign source Income
1---
2
'-4209 .1-------+---------1
e Gross income from all sources 1 135 743.
f DiVide line 3d by line 3e .021316

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)
b Other Interest expense
_ _ _- ­
5 Losses from foreign sources
6 Add lines 2. 3g, 4a. 4b, and 5 44. 6 44.
7 Subtract Ime 6 from line 1a. Enter the result here and on Ime 14, pane 2 ~ 7 24 165.
I Part II I 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:­ check one) (n) Other (r) Otller ~Total foreign


§ (h) [X] Paid Taxes withlleld at source on: foreign Taxes withlleld at source on: foreign I \~~xes paid or
<3 (i) 0 Accrued taxes paid or taxes paid or accrued (add cols.
0) Date paid (k) DIVldends[J1) Rentsand (m) Interest accrued (0) DIVidends (p) ~~;~,11~~d (q) Interest accrued (0) tllrougll (r))

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

LHA
8 Md line; 1\ tllrougll C, CUlilllln (s). enter tile totaillere ollil Oil Ilile 9, page 2
For Paperwork Reduction Act Notice, see separate instructions.
~181
;'oem
77.

1'1 '16 (2007)

? 11501
12-21-07

25
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
ALTERNATIVE MINIMUM TAX
ANITA PERRY Page 2

9 Enter the amount from Ime 8. Tilese are your total foreign taxes paid or accrued ---: i
I ,

for the category at mcome cllecked above Pari I 77.

10 Carryback or carryover (attach detailee computation) SEE STATEMENT 27


It­ 1
r-i
10 I 3.1
=...;1----------:::....:...

11 Add lines 9 and 10 ~uL ~ _____'8~9____"_


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
Umted Slates (before aOJustments) for the category of mcome checked above Part I 24 165.

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.

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

I I

income without fhe deduction for your exemption SEE STATEMENT 28 i 17 675 926.

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" .035751
19 Individuals: Enter the amount from Form
Form 10~ONR, line H
Estates and trusts: Enter the amount from Form
lines 36 and 37
10~O, line

10~1,
~4. If you are a nonresident allen, enter the amount from

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


1

19 185 763.
Caution: If you are completing line 19 for separate category e (lump-sum distnbutions), see pg. 20 of the instructions. I

20 Multiply line 19 by line 18 (maximum amount of credit) F--~_..L..641.


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 ~121 80.
LPart IV I Summary of Credits From Separate Parts III
22 Cledlt lor taxes on passive category Income
23 Credit (or taxes on general category Income
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
la=----------1 r=2=6'-t-~~~~ _
27 Enter tile smaller of line 19 or line 76 r-2~7-+---~~~~ _ _8_0_.
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 10~0, lille 51;
Form 10~ONR line ~6' For1ll1041. Schedule G.line 2a' or Form 990-T.llne ~Oa 29 80.
Form 1116 (2007)

711511
12-21-07

26
l~370807 786859 630 2007.07080 PERRY,_J~AM~E~S~R~. 6~3~0~~~1~__
OMS No 1545-0172
SCHEDULE E- 2
r:orrr: 4562 Depreciation and Amortization 2007
(Including Information on Listed Property) Attachment
Department of the Treasury
Internal Revenue Service ~ See separate instructions. ~ Attach to your tax return. Sequence No 67
Name{s) shown on return Business or activity to whlcn this form relates I Identifying number
ESIDENTIAL
RENT
JAMES R. & M. ANITA PERRY PROPERTY ­
Par:!lJ Election To Expense Certain Property Under Section 179 Note: If you have any listed property, complete Part V before you complete Part r

1 MaXimum amount. See the instructions for a higher limit for certain businesses ~21 1- - 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~! 50 0 , 000 •

4 Reduction in limitation. Subtract line 3 from line 2. If zero or less. enter -0- 4---1
1-----_ _

5 Dollar limitation for tax yeal Subtract line 4 from line 1 It zero O' less enter -0 . If malfled frj!"Jl sepalatel\ see Instructions 5

6 (a) DeSCription of property I Ib) Cos: (bUSiness use only) I Ic) Eleoted cost

-----~------------II I
~~

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


8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 .
----=:J r71-------­ f-I 8-+ _
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+ ~
11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 i 11
12 Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11 c'-'~"~"~"'-i"~"~~~~~~~~..l1--,1,,2'--t-----------
13 Carryover of disallowed deduction to 2008. Add lines 9 and 10, less line 12 .. ~,----1 3=---.l.1 --"-- _
Note: Do not use Part /I or Part II/ below for listed property. Instead, use Part V.
I Part II [ 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 H-r:-i~ . .__
15 Property subject to section 168(f)(1) election
16 Other de reeiation ineludin ACRS
. . n;1-----­
. 16
Part III MACRS Depreciation (Do not include listed property.) (See instructions.)
Section A

~~~I~-yA-O~-:~-~-,~-c-:d-na-U t
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_~'~"~ ~
ron- :
c--:- :-
u
i D ~======= --=--=--=-===
Section B - Assets Placed in Service During 2007 Tax Year Using the General Depreciation System
-----,
(b) Month and (c) BaSiS lor depreciation
(a) CICJsslflcallon of property yea, placed
(d) Recovery
(bUSineSs/Investment use
period
(e) Co:rventlon i (f} Method (g) Depreciation deduction
In servIce only - see Instructions)
I

-I
--
~}·year property

b 5 year property
-
c 7-year property
_d__ 1O-year property
e 15-year property
r---­ ----- --------- - - - - _.-.------­
f 20'year property
~~ear property J 25 yrs. S/L

Residential rental property


8 107 111 64l. 27.5 yrs. MM S/L 1~~
h
I 27.5 yrs. MM S/L
I 39 vrs. MM S/L

:=urr:;=c:J'tif:~
i Nomesidential real property
I MM S/L
ced 0 2007
20;-:~"~' S<cUo, C-A"et, P'i " 5".'°'1 ""9 T" Syf-------­
1 Part IV I Summary (see instructions)
21 Listed propel1y. Enter arnount from line 28 I 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. . 22 l~h
23 For assets showil abovo ,HlcJ placed in SOl vice during the current ye"r, ellter the
--20r1ion of tile basis attributable to sectioll 2G3A costs 23
;;6gi_6/ LHA For Paperwork Reduction Act Notice, see separate instructions. Form 4562 (2007)
27
10370807 786859 630 2007.07080 PERRY, JAMES R. 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
(a)
Type of property
(list vehicles first)
(b)
Date
placed
service
In
(c)
Business/
Investment
use percenlage
(d)
Cost or
other basis
I (.)
BasIs for oeoreclatlon RecQver l !
(bUSiness/Investment
use only)
period J
(9)
Method/
Convention
I (h)
Depreciation
deduction 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_: ~------- I

-~ _n~ E~ J== f_-~-==,-==I=--_~

27 Pcop.rt, ccod 50% oc l' '0 "qC"'FJE------~


I

=lI J~;~ S/L­ [%-5_


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.

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

-~._-~

30 Total business!lnvestment miles driven during the


year (do not Include commuting miles)
(a)
Vehicle I V~hicle Vehicle
Vehicle

(d)

I
(e)
Vehicle
(f)
Vehicle
---­

31 Total commuting miles driven during the year


32 Total other personal (noncommuting) miles
driven
33 Total miles driven during the year.
+- ~'
I

Not~
Add lines 30 through 32, ---
I
34 Was the vehicle available for personal use Yes No Yes No Yes Yes I No Yes No

1_
I I

during off-duty hours?


35 Was the vehicle used primarily by a more
I

t- I
than 5% owner or related person?
36 Is another vehicle available for personal
use?
Section C - Questions for Employers Who Provide Vehicles for Use by Their Employees
I I-I [-­
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
(a)
DeSCription of costs
l I'
(b)
Date amortlllllion
I (e)
Amortizable
(dl
Code
(e)
Am artlZ<lllO n
I (f)
Amortlzaltan
begins amount I section I pefl8d or pe,cen~ge for ttllS y~ar

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

~-~-~=-~-_ -----===-u---±__3---------~-_ --+---


- -,
i
---------t­
-j-'~-------'---------
43 /,,,,,xtization of costs that b8gan befor8 YOl.,r 2007 tax year 43 I

44 Tot]!. Add amoullts in column (D. See the instructions for where to reoort 441
716:252/11-03-07 Form 4562 (2007)
28
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
Form 8582 OMS No 1545 1008

Department of the! reasur)'


Passive Activity Loss Limitations
~ See separate instructions.
2007
Internal Revenue Service (99) ~ 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

c Prior years unallowed losses (enter the amount from Worksheet I

1, column (c)) I 1c

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 I

Worksheet 2. column (b) 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)) I 3a I 1,654.

~:~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

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


3d 1 654.
4 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

schedules normally used I


4
1,654.
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.

S Enter the smaller of the loss on line 1d or the I~ss a n line 4
5
6 Enter $150,000 If married filing separately, see the instructions

·······L~·I··
7 Enter modified adjusted gross income, but not less t han zero (see the instr.)
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


l 8
9 Multiply line 8 by 50% (.5). Do not enter more than $ 25,000. If married filing separately, see the instructions
~I-
10 Enter the smaller of line ~ or line 9 . 10 ---­
If line 2c is a loss, 0 to Part III. Otherwise, 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 ~'11 I

12 Enter the loss from line 4 121~

13 Reduce line 12 by the amount on line 10 ~iJ=- ---------_

1~ Enter the smallest of line 2c treated as a positive amount), line 11. or line 13 . ~,-l---'1'--'4--1..1 . _
~~ri:_IV Total Losses Allowed_~
15 Add the Income, if any, 011 lines 1a ;lIld 3a ,~,'d ollter the total
~~

16 Total losses allowed from all passive activities for 2007. Add lines 10,14, ,1I1d 15. Se8 the instructions
.__
15--1--, ===--==
to find out how to reoort tile losses on [)llr tax return SEE STATEMENT 30 16
LHA 719761/1011·07 For Paperwork Reduction Act Notice, see separate instructions. FOlm 8582 (2007)
28.1
:0370807 786859 630 2007.07080 PERRY, JAMES R. 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 (See instructions.)

Name of activity
b
I
Current year Prior years Overall gain or loss

(a) Net income (b) Net loss (c) Unallowed I

r----+I-- - - - - - - 1~_
I
I (line 1a) (line 1b) loss (line 1c) (d)~G
•. ain (e) Loss
I --+------­

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


._---_._--­
------+-1 I i --+-,--3f---­
Total. Enter on Form 8582, lines 1 a , ! I
~
1

1b and 1c I
Worksheet 2 - For Form 8582, Lines 2a and 2b
Name of activity
(See instructions)
---J"Ti------------­
---(a-)--'cC:Cu-'-rr"--e--'n'-=-t-'-ye"--a"--r'--'-----'"------,-------(b-)-P-r-iO-r-y-e-a-r
(c) Overall loss
____________---J] 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

and 2b ~ I .. 1 ---'-. _

Worksheet 3 - For Form 8582, Lines 3a, 3b, and 3c (See instructio!2.s_.)_-,-- -,- _

I _ _current
year Prior years Overall gain or loss
Name of activity ~ --,----------+-------.--j---------,---------­
(a) Net income (b) Net loss (c) Unallowed

-----------------
I

I
(line 3a) (line 3b) I loss (line 3c)
'i----------+E-------~
(d) G a i = f = n(e) Loss
f-- _
--­

_.­

----------

SEE ATTAClHED STAT~ FOR WORKSHEET 3


I
I
I
T
F - ­

..

Total. Enter on Form 8582, lines 3a,

-
3b, and 3c ~ 1 654. I I
Worksheet 4 - Use thIs worksheet If an amount IS shown on Form 8582, line 10 or 14 (See instructions.)
Form or sChe~1

~ ;~:o":;~ -(~-~-~~;r'~c-~-t

_ _ _ 0_ _. - - -
Name of activity
and line number I
to be reported on
(see instruction~J
I') Lm I
I

r
J-
(b)

T
1-·--- - - + - - ­
from column (a)

~~-;F--
--_.

~-
. I

Total.
Worksheet 5 - Allocation of Unallowed Losses
~,
(See instructions.)
l i 1_ _

~-l.
G m or schedule
and line number
N ame of activity (a) Loss
to be reported on =f_(b_)
R_a_ti_o ,oj """owed 10,"
(see instructions)

j 1-----­
l-­
I I _+1_­
-------­ _.. --_.­

TotJ!
l
",19762 10-11-07 Form 8582 (2007)
28.2
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
OMS No 1M5-19S"

rorm 8903 Domestic Production Activities Deduction 2007


~~~r~~~:;:eo~~:~:~:~~ur)' ~ Attach to your tax return. ~ See separate instructions. Attachment
Seauence Na 143
Name(s) as shown on return I Identifying number
JAMES R. & M. ANITA PERRY

1 Domestic production gross receipts (DPGR)


2

3
Allocable cost of goods sold. If you are using the small business simplified
overall method, skip lines 2 and 3
If you are using the section 861 method, enter deductions and losses allocable H---------i
rt -I
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

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) I,+---I_
8 Add lines 6 and 7. Estates and trusts, go to line 9, all others, skip Ime 9 and go to line 10
II8 I
9 Amount allocated to beneficiaries of the estate or trust (see instructions) 9 I ._--­
10 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
~o-I 0 .
11 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)


--'!'1_ ------------------------­

12 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 - 18 --­

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

20 Enter the smaller of line 13 or line 19 20 o.


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 <lctivities deduction. Combine lines 20 through 22 and enter the result here and on
Form 1040, line 35; Form 1120, line 25; or the applicable line of our return 23
6iO~"'_1e LHA For Paperwork Reduction Act Notice, see separate instructions. ~orl1l 8903 (2007)
29
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
Form 8283 Noncash Charitable Contributions OM8 No 1545·0908

(Rev December 2006)


~ Attach to your tax return if you claimed a total deduction
of over $500 for all contributed properly. Attachment
Department 01 fhe Treasury
Internal Revenue Service ~ See separate instructions. Sequence No 155
Name(s) shown on your I!lcome tax relllrn I Identifying number

~J~AM~E.."S'----=.R-,-,.,-------,&",---,M~. _AN,-,=-,-=I...=.T~A'----'=.P-=E"-,,R~R~y:.- 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 (b) Description of donated property


donee organIzation (For a donated vehicle, enter the year. make, model. condItion. and mileage,
_____ ~----------~~---------------~---a~~Qrm10~-clfreqUlred)
THE SETTLEMENT HOME FOR CHILDREN
A
1600 PAYTON GIN ROAD, AUSTIN, TX 78758 SILK, BEADED DRESS -------­
GOODWILL
B
300 NORTH LAMAR BLVD, AUSTIN, TX 78703 V"<LOTHING SHOES ~.

C
GOODWILL
-
300 NORTH LAMAR BLVD] AUSTIN, TX 78703 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
contribution
\:?)' dono"
Date acquned
(mo vr)
(e) How acqwred
bv donor
(f) Dono(s cost or
adlusted baSIS (g) i~=~ ~~~ue~t~oa~~e
(h) Method used to determine tne
market value
fair

A ~_Q 9 /1 0 / 0 7 VAR. PURCHASE I 7 500. ~500. COMPARABLE SALES


B 01 18/07 VAR. PURCHASE I ~865. 955. rrHRIFT SHOP VALUE
c 06)22/07 VAR. PURCHASE I ~ 770. 590.ITHRIFT SHOP VALUE
I
T---­
D
I
E I I 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 No
3a 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 hz~ving SUCll income, possession, or rigl~1
to acquire?
c 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

30
10370807 786859 630 2007.07080 PERRY, J.~ES R. 630 1
Form 1116 u.s. and Foreign Source Income Summary
NAME

-~-----
JAMES R. & M. ANITA PERRY'"----~~~~~~~~~~_
FOREIGN
INCOME TYr-c-E_ _~ TOT,ilL _____u-s- _~_ ~ P f?~~ IVE
__
Compensation 111,494. 111,494.
Dlvi de nds/D Islr/ilu tl ons 25,087. 25,087.
Inter est 2,27l. 2,27l.
Capital Gains 893,473. 893,473.
Business/Profession

Renl/rloyalt'l 8,382. 8,382.

State/~ocal Refunds

Pilrtnerstlip/S Corporation 5,827. 5,827.

TrustJEslate 24,209. 24,209.

Other Income 65,000!- ~_~4~79l. 24,209.

Gross Income 1,135,743. 1,111,534. 24,209.

Less:
Section 911 ExclUSion

Caoital Losses 22,114. 22,114.

Capital Gains Tax Adjustment

Total Income - Form 1116 1,089,420. 24,209.

Deouctions:

Business/Profession expenses 4,173. 4,173.

Rent/Royalty!::xpenses 7,554. 7,554.

Partnershlp/S Corporation Losses

TruSt/Estate Losses 7,660. 7,660.

Capital Losses

Non-capital Losses
IndiVidual Retirement Account
Moving Expenses

Self-employment Tax Deduction 4,670. 4,670.

Setf-emoloyment Healttllnsurance

Keogh Contributions 12,082. 12,082.

Alilliony

Forfeited Interest

Foreign Housing Deduction

OHler Adjustments

Capital Gains Tax Adjustment

Total Deductions 36,1~ 36.139.

Ad/usted Gross Income 1,077,490. 1 , 0 5 3 , 2 81.-!- _ _~2---=4-L'--=2--"-0-"'-9....:...

Less Itemized Deductions:


Spccilically Allocated 2,080. 2,080.
Home Mortgage Interes' 958. 938. 20.
Other Intel est
RatalJly Allocated 2,826. 2,766. 60.
Total Adjustments 10 Adjusted Gr oss Income 5,864. 5,784. _____ 8JL..
Taxable Incolne Before Exemptions 24,129.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -~--

727931

OJ 27-07

31
? 0 0 7 . 0 7 0 R0 PEE:.tRUR:LYY-~ITJll\.J..MUD=C___'=n'__ 1
10l70R07 78h8S9 h30
Form 1116 Allocation of Itemized Deductions
NAME

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

I
I
Total
Itemized
Itemized Deductions
Afwr Sec. 68
i~ F_o_rn_l_11_1_6 ----1

D_e_du_c_ti_on_s_ _ i,eductlon -1t-:_s_p_ec_lf_ICa_II_Y_u.S. SpeCifically Foreign Ratable

l
e - 1_ _

Taxes 6,055.! 2,826., I 2,S~~

o2~0'---'.+--
Interest - Nollncluding Investment
Interest 2 0 5 4"-,,+ -=.9-=.5_.=.8-0.,+­ ---=-9=-38=--..o...;-,I ___!

Contributions _ _ _ _4--'-4==-5.=..S-'-1'' - ­ ----'2=-<-,O-=---=--S.=. O-'-1' --=2-'-,-=.0 8 0 ,+-1 -+-__ - -----1

Miscellaneous Deductions
Subject to 2%

Other Miscellaneous DeductIOns ­


Not Includrng Gambling Losses

Foreign Adjustment

Total Itemized Deductions I


Su bject to Sec. 68 L-- 12, 5671_~5~'_864"
Add IlGmlzed Deductions
Not Subject to Sec. 68:

Medical/Dental

Investment Interest I i

Post Aug. 27 Contributions ..

Casualt,' Losses 1---­ 1---~--=-=--I--=----+-I--=--~-~-~-~-=


Gambling Losses

Foreign Adjustment

Tolal ItenllZeeJ Deductions


+
12,567,
' -l=-=-~--
~c=
Total Allowed on Schedule A _ _ _----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

Foreign Income Category IPASSIVE INCOME

fl~i1J~ 2004 2005 2006 L_2JlQL


1. Foreign tax paid/accrued I 7
2. FTC carryback to 2007
I
for amended returns .
I
--~~-

3. Reduction allocated to excluDed income


4. Foreign tax available 7
5. Maximum credit allowable _____1-1-36
6. Unused foreign tax ( + )
or excess of limit ( - )
I 3 .1 <7
.. 29
­

7 Foreign tax carryback


I
8. lorelgn tax carryforward
3]
9 Less treaty adJustment
,
10. lorelgn (ax or excess limit remaining ! I <7,28
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 ( + )

7.
or excess of limit ( - )

ForClgn tax carryback


~ I =J
8 Foreign tax carryforwar d
I I
9 Lcss treaty adjustment

10. Foreign tax or excess limit lemalnlng ~ -~


l
1999
1. Foreign (ax paid/accrued
2. HC carryback to ?007
for amended returns I

3 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

33
10370807 786859 630 2007.07080 PERRY, JAMES R, 630 1
Foreign Tax Credit Carryover Statement (Page 2 of 2)

••
Form 1116
NAME

JAMES R. & M. ANITA PERRY ------~ _--~-


Foreign Income Category IPASSIVE INCOM.~E=-----~_

Alternative Minimum Tax 2004 2005 1 2006 ---l


I 2007
1. Foreign tax paid/accrued I 77.
1
2. FTC carryback to 2007
i
for amended returns
I

3. Reduction allocated 10 excluded Income 1 --_._---­


i
4. Foreign tax available I
77·1
5. Maximum credit allowable I 6 641.,

~
I
6. Unused foreign tax ( + )

or excess 01 limit ( - )
<6,564.1:>
I --- ~
7. Foreign tax carryback I ____

8. Foreign tax carrylorward


9. Less treaty adjustment
10. Foreign tax 01 excess limit remaining

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

1- -------------------
3.1
---1----+/ -<-6,
-_+-l...- -----
__}..
su}
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
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
1 I

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

4. Foreign tax available


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

01 ex:ess of limit ( - )

I
7. Foreigl1 tax carryback
8. Foreign tax carryforward
9. Less treaty adjustment
10. Foreign lax or excess limit remaining

727016/09-04-07

34
10370807 786859 630 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 1,083,547.


I Plus allowable depletion 10,358.
I Minus cost depletion
I
Taxable income before percentage depletion
1,089,069.
65%
0.65
65% of taxable income
707,895.

~operty I
NlJfllbe~ __ J

Property Description
Percentage
Depletion Allocation
Ratio
Limited
Percentage Cost
Percenta( e
Depletion F nal
I :l:lIowable Depl. r
Reallocation after the
Excess
Percentage
1 st Iteration Der:1etion Depletion Iteration -----L __ Ratlo 65% Lim..i.!§lion _Q~a,-,y_()\/_o.r:_

I I
I
I 1tr.R. PERRY CO. 500. .048272! 500. 5( o. .048272 500.
EEVOCABLE "BLIND" TRUST
2,sTATE AGRE 9,858'1 .951728 9,858. 9, 8 ~ 8 . .951728 9,858.
I

I
I

I
5_8--!L~l.Q.., 358 . .I...L...O 0 0 Q.~_J5_~--"J_.
I I I I
I
L... Total
10,3 10 , 358 _
72553 ','2...;-2-;' -07
JAMES R. & M. ANITA PERRY

FORM 1040 MISCELLANEOUS INCOME STATEMENT 1

DESCRIPTION AMOUNT

TEXAS ASSOCIATION AGAINST SEXUAL ASSAULT 65,000.

TOTAL TO FORM 1040, LINE 21 65,000.

36 STATEMENT(S) 1
10370807 786859 630 2007.07080 PERRY, JP~ES R. 630 1
JAMES R. & M. ANITA PERRY

FORM 1040 PERSONAL EXEMPTION WORKSHEET STATEMENT 2

1. 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
2• MULTIPLY $3,400 BY THE TOTAL NUMBER OF EXEMPTIONS
CLAIMED
ON FORM 1040, LINE 6D . . . . . . . . . . .. .
. . . . 10,200.
3. ENTER THE AMOUNT FROM FORM 1040, LINE 38 . .
1,092,810.
4. ENTER THE AMOUNT FOR YOUR FILING STATUS
234,600.
SINGLE $156,400
MARRIED FILING JOINTLY OR WIDOW(ER) $234,600
MARRIED FILING SEPARATELY $117,300
HEAD OF HOUSEHOLD $195,500
5. SUBTRACT LINE 4 FROM LINE 3 . . . . 858,210.
6. 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.
7. MULTIPLY LINE 6 BY 2% (.02) N~D ENTER THE RESULT
AS A DECIMAL . . . . . . .
8. MULTIPLY LINE 2 BY LINE 7
9. DIVIDE LINE 8 BY 1.5

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

37 STATEMENT(S) 2

10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1

JAMES R. & M. ANITA PERRY

FORM 1040 SEP DEDUCTION STATEMENT 3

M. ANITA PERRY

1. PLAN CONTRIBUTION RATE OR SELF-EMPLOYED PERSON'S RATE .200000


2. NET EARNINGS FROM SCHEDULE C, SCHEDULE F, OR SCHEDULE K-l 65,000.
3. DEDUCTION FOR SELF-EMPLOYMENT TAX FROM 1040, LINE 27 . 4,592.
4. SUBTRACT LINE 3 FROM LINE 2 . 60,408.
5. MULTIPLY LINE 4 TIMES LINE 1 . 12,082.
6. MULTIPLY $225,000 BY YOUR PLAN CONTRIBUTION RATE. ENTER
THE RESULT BUT NOT MORE THAN $45,000 . . 45,000.
7. ENTER THE SMALLER OF LINE 5 OR LINE 6 . 12,082.
8. CONTRIBUTION DOLLAR LIMIT . 45,000.
*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.
9. ALLOWABLE ELECTIVE DEFERRALS
10. SUBTRACT LINE 9 FROM LINE 8
ll. SUBTRACT LINE 9 FROM LINE 4
12. ENTER ONE-HALF OF LINE 11
13. ENTER THE SMALLEST OF LINES 7, 10 OR 12
14. SUBTRACT LINE 13 FROM LINE 4 . . . .
15. 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.
16. SUBTRACT LINE 15 FROM LINE 14 . . . . . .
17. CATCH-UP CONTRIBUTION (AGE 50 OR OLDER)
18. ENTER THE SMALLER OF LINE 16 OR LINE 17
19. ADD LINES 13, 15 AND 18. ENTER HERE AND ON LINE 28,
FORM 1040 . 12,082.

FORM 1040 TAX-EXEMPT INTEREST STATEMENT 4

KAME OF PAYER AMOUNT

~ROM K-l - REVOCABLE "BLIND" TRUST STATE AGREEMENT FBO RICK PER 257.

TOTAL TO FORM 1040, LINE 8B 257.

38 STATEMENT(S) 3, 4
10370807 786859 630 2007.07080 PERRY, J~~ES R c:"') .....
JAMES R. & M. ANITA PERRY

FORM 1040 STUDENT LOAN INTEREST DEDUCTION STATEMENT 5

1. ENTER THE TOTAL INTEREST PAID IN 2007 ON QUALIFIED STUDENT


LOANS. DO NOT ENTER MORE THAN $2,500 2,500.

2. ENTER THE AMOUNT FROM FORM 1040, LINE 22 1,109,562.

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 16,752.

4. SUBTRACT LINE 3 FROM LINE 2 1,092,810.

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.

6• 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.

7 . 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 1.000

8. MULTIPLY LINE 1 BY LINE 7. 2,500.

9. STUDENT LOAN INTEREST DEDUCTION. SUBTRACT LINE 8 FROM


LINE 1. ENTER THE RESULT HERE AND ON FORM 1040, LINE 33 o.

FORM 1040 WAGES RECEIVED AND TAXES WITHHELD STATEMENT 6

FEDERAL STATE CITY


T AMOUNT TAX TAX SDI FICA MEDICARE
S EMPLOYER'S NAME PAID WITHHELD WITHHELD TJI.x WIH TAX TAX

T OFFICE OF THE
GOVERNOR 111,36l. 14,228. 6,045. 1,723.
T SPE CORPORATE
SERVICES, INC 133. 33. 8. 2.

TOTALS 111,494. 14,26l. 6,053. 1,725.

39 STATEMENT(S) 5, 6
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
JAMES R. & M. ANITA PERRY

FORM 1040 QUALIFIED DIVIDENDS STATEMENT 7

ORDINARY QUALIFIED
NAME OF PAYER DIVIDENDS DIVIDENDS

BANK OF NEW YORK 3. 3.


BANK OF NEW YORK 28. 28.
FROM K-1 - REVOCABLE "BLIND" TRUST
STATE AGREEMENT FBO RICK PERRY DTD
9-13-9 24,726. 12,462.

TOTAL INCLUDED IN FORM 1040, LINE 9B 12,493.

40 STATE11ENT (S) 7
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
JAMES R. & M. ANITA PERRY

FORM 1040 EXCESS SOCIAL SECURITY TAX WORKSHEET STATEMENT 8

TAXPAYER SPOUSE

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

FORM 1040 FEDERAL INCOME TAX WITHHELD STATEMENT 9

T
S DESCRIPTION AMOUNT

T OFFICE OF THE GOVERNOR 14,228.


T SPE CORPORATE SERVICES, INC 33.
J BANK OF NEW YORK 1.
S BANK OF NEW YORK 8.

TOTAL TO FORM 1040, LINE 64 14,270.

FORM 1040 LATE PAYMENT INTEREST STATEMENT 10

DESCRIPTION DATE AMOUNT BALANCE RATE DAYS INTEREST

TAX DUE 04/15/08 140,845. 140,845. .0600


FORM 4868 PAYMENT 04/15/08 <140,000.> 845. .0600 76 11.
INTEREST RATE CHANGE 06/30/08 o• 856. .0500 31 4.
DATE FILED 07/31/08 860.

TOTAL LATE PAYMENT INTEREST 15.

41 STATEMENT(S) 8, 9, 10
10370807 786859 630 2007.07080 PERRY, J.~ES R. 630 1
JAMES R. & M. ANITA PERRY

SCHEDULE A MISCELLANEOUS DEDUCTIONS SUBJECT TO FLOOR STATEMENT 11

DESCRIPTION AMOUNT

INVESTMENT MGMT FEES 2,384.


INVESTMENT MGMT FEES 5,527.
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.

SCHEDULE A CASH CONTRIBUTIONS STATEMENT 12

AMOUNT AMOUNT
DESCRIPTION 50% LIMIT 30% LIMIT

TARRYTOWN UNITED METHODIST CHURCH 90.


TEXAS A&M ASSOCIATION OF FORMER STUDENTS 240.
FROM K-1 - J.R. PERRY CO. 83.

SUBTOTALS 413.

TOTAL TO SCHEDULE A, LINE 16 413.

SCHEDULE A MORTGAGE INTEREST AND POINTS STATEMENT 13


REPORTED ON FORM 1098

DESCRIPTION AMOUNT

EXCLUDED VACATION HOME INTEREST 2,054.

TOTAL TO SCHEDULE A, LINE 10 2,054.

42 STATEMENT(S) 11, 12, 13


10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
JAMES R. & M. ANITA PERRY

SCHEDULE A ITEMIZED DEDUCTIONS WORKSHEET STATEMENT 14

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

9, 1 5, 1 9, 2 0, 2 7, AND 2 8 . . . . . . . . . . . . . .
12,567.
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 . o.
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 .


12,567.
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 10,054.
10. DIVIDE LINE 9 BY 3 . 3,351.
11. SUBTRACT LINE 10 FROM LINE 9 . 6,703.

12. TOTAL ITEMIZED DEDUCTIONS. SUBTRACT LINE 11 FROM LINE 1.


ENTER THE RESULT HERE AND ON SCHEDULE A, LINE 29 .... 5,864.

SCHEDULE A STATE AND LOCAL GENERAL SALES TAXES STATEMENT 15

DESCRIPTION AMOUNT

STATE SALES TAX 2,099.


LOCAL SALES TAX 672.

TOTAL TO SCHEDULE A, LINE 5 2,771.

43 STATEMENT(S) 14, 15
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
JAMES R. & M. ANITA PERRY

SCHEDULE A GENERAL SALES TAX DEDUCTION WORKSHEET STATEMENT 16

1 ENTER YOUR STATE GENERAL SALES TAXES FROM THE


APPLICABLE TABLE. 2,099.
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.
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.
3 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
4 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
5 DIVIDE LINE 3 BY LINE 4. ENTER THE RESULT AS
A DECIMAL (ROUNDED TO AT LEAST THREE PLACES). .3200
6 DID YOU ENTER -0­ ON LINE 2 ABOVE?
IF NO, MULTIPLY LINE 2 BY LINE 3.
IF YES, MULTIPLY LINE 1 BY LINE 5. 672.

6A ADD LINE 1 AND LINE 6. 2,771.


6B PART-YEAR DAYS RATE. 1.000000
6C MULTIPLY LINE 6A BY LINE 6B. 2,771.

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. 2,771.

44 STATEMENT(S) 16

10370807 786859 630 2007.07080 PERRY, JN1ES R. 630 1

JAMES R. & M. ANITA PERRY

SCHEDULE D NET SHORT-TERM GAIN OR LOSS FROM STATEMENT 17

PARTNERSHIPS, S CORPORATIONS, AND FIDUCIARIES

DESCRIPTION OF ACTIVITY 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 STATEMENT 18

PARTNERSHIPS, S CORPORATIONS, AND FIDUCIARIES

DESCRIPTION OF ACTIVITY GAIN OR LOSS 28% GAIN

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 STATEMENT 19

TOTAL
NAME OF PAYER CAPITAL GAIN 28% GAIN

FROM K-1 - REVOCABLE "BLIND" TRUST STATE AGREEMENT


FBO RICK PERRY DTD 9-13-9 64.

TOTALS TO SCHEDULE D, LINE 13 64.

45 STATEMENT(S) 17, 18, 19


10370807 786859 630 2007.07080 PERRY, JF~ES 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. ... .. .. 5,200.


2. A RENTAL PORTION OF DEDUCTIBLE HOME MTG INTEREST
AND QUALIFIED MORTGAGE INSURANCE PREMIUMS 4,092.
B RENTAL PORTION OF REAL ESTATE TAXES . . . . 2,962.
C RENTAL PORTION OF DEDUCTIBLE CASUALTY LOSSES. o.
D DIRECT RENTAL EXPENSES. . . .. .. o•
E FULLY DEDUCTIBLE RENTAL EXPENSES. ADD LINES 2A - 2D . . . 7,054.

3. SUBTRACT LINE 2E FROM LINE 1. IF LESS THAN ZERO, ENTER ZERO o.


4. A RENTAL PORTION OF INDIRECT EXPENSES. . . . . O.
B RENTAL PORTION OF EXCESS MORTGAGE INTEREST

AND QUALIFIED MORTGAGE INSURANCE PREMIUMS O.

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

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

5. SUBTRACT LINE 4D FROM LINE 3. IF LESS THAN ZERO, ENTER ZERO o.


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 . . . . . . . . . . . o.
7. A OPERATING EXPENSES TO BE CARRIED OVER TO 2008. SUBTRACT
LINE 4D FROM LINE 4C . . . . . . . . . . . . . . . . o•
B EXCESS CASUALTY LOSSES AND DEPRECIATION TO BE CARRIED
OVER TO 2008. SUBTRACT LINE 6E FROM LINE 6D . . . . . 1,523.

SCHEDULE E INCOME OR (LOSS) FROM ESTATES AND TRUSTS STATEMENT 21

EMPLOYER PASSIVE PASSIVE NONPASSIVE NONPASSIVE


NAME ID NO. LOSS INCOME LOSS INCOME

REVOCABLE "BLIND" 03-6092780


TRUST AGREEMENT
FBO ANITA PERRY o.
REVOCABLE "BLIND" 74-6467584
TRUST STATE
AGREEMENT FBO 41,727.
NET INCOME FROM 74-6467584
DEPLE'rION
STATEMENT 9,858.

TOTALS TO SCHEDULE E, LINE 34 9,858. 41,727.


------­

46 STATEMENT(S) 20, 21
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
JAMES R. & M. ANITA PERRY

SCHEDULE SE NON-FARM INCOME STATEMENT 22

DESCRIPTION AMOUNT

TEXAS ASSOCIATION AGAINST SEXUAL ASSAULT 65,000.

TOTAL TO SCHEDULE SE, LINE 2 65,000.

SCHEDULE SE NON-FARM INCOME STATEMENT 23

DESCRIPTION AMOUNT

J.R. PERRY CO. 5,827.

TOTAL TO SCHEDULE SE, LINE 2 5,827.

47 STATEMENT(S) 22, 23
10370807 786859 630 2007.07080 PERRY, JA}fES R. 630 1
JAMES R. & M. ANITA PERRY

FORM 1116 WORLDWIDE CAPITAL GAINS STATEMENT 24


WORKSHEET FOR LINE 17

1 ENTER THE AMOUNT FROM FORM 1040, LINE 41.


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

48 STATEMENT(S) 24

10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1

JAMES R. & M. ANITA PERRY

FORM 1116 FOREIGN TAX CREDIT CARRYOVER I CARRYBACK STATEMENT 25

PASSIVE INCOME

TOTAL FOREIGN FOREIGN TAX BALANCE


YEAR OF CREDIT TAXES PAID CR CLAIMED AVAILABLE

2006 FOREIGN TAX CREDIT 9. 6• 3.


2005 FOREIGN TAX CREDIT o. o. o.
2004 FOREIGN TAX CREDIT o. o. o.
2003 FOREIGN TAX CREDIT o. o. o.
2002 FOREIGN TAX CREDIT O. o. o.
2001 FOREIGN TAX CREDIT o. o. o.
2000 FOREIGN TAX CREDIT o. o. o.
1999 FOREIGN TAX CREDIT o. o. o.
FOREIGN TAX CR CARRYBACK TO 2007 o.
TOTAL TO FORM 1116, PART III, LINE 10 3.

FORM 6251 PASSIVE ACTIVITIES STATEMENT 26

NET INCOME (LOSS)

NAME OF ACTIVITY FORM AMT REGULAR ADJUSTMENT

J.R. PERRY CO. SCH E 1,654. 1,654.

TOTAL TO FORM 6251, LINE 18

49 STATEMENT(S) 25, 26
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
JAMES R. & M. ANITA PERRY

FORM 1116 ALTERNATIVE MINIMUM TAX FOREIGN TAX CREDIT STATEMENT 27


CARRYOVER/CARRYBACK

PASSIVE INCOME

TOTAL FOREIGN FOREIGN TAX BALANCE


YEAR OF CREDIT TAXES PAID CR CLAIMED AVAILABLE

2006 ALT. MIN. TAX CREDIT 9. 6. 3.


2005 ALT. MIN. TAX CREDIT O. O. o.
2004 ALT. MIN. TAX CREDIT o. o. o.
2003 ALT. MIN. TAX CREDIT o. o. o.
2002 ALT. MIN. TAX CREDIT O. o. o.
2001 ALT. MIN. TAX CREDIT O. o. o.
2000 ALT. MIN. TAX CREDIT O. o. o•
2.999 ALT. MIN. TAX CREDIT o. o. o.
:OREIGN TAX CR CARRYBACK TO 2007 o.
~OTAL TO FORM 1116 (AMT) , PART III, LINE 10 3.

50 STATEMENT(S) 27
:0370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
JAMES R. & M. ANITA PERRY

FORM 1116 ALTERNATIVE MINIMUM TAX FOREIGN TAX CREDIT STATEMENT 28


WORLDWIDE CAPITAL GAINS
WORKSHEET FOR LINE 17

1 ENTER THE AMOUNT FROM FORM 6251, LINE 28 1,086,298.

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.

51 STATEMENT(S) 28
0370807 786859 630 2007.07080 PERRY, JAMES R. 630 1
JAMES R. & M. ANITA PERRY

FORM 8582 OTHER PASSIVE ACTIVITIES - WORKSHEET 3 STATEMENT 29

CURRENT YEAR PRIOR YEAR OVERALL GAIN OR LOSS


UNALLOWED
NAME OF ACTIVITY NET INCOME NET LOSS LOSS GAIN LOSS

J.R. PERRY CO. 1,654. O. 1,654.

TOTALS 1,654. O. 1,654.

FORM 8582 SUMMARY OF PASSIVE ACTIVITIES STATEMENT 30

R
R FORM
E OR PRIOR NET UNALLOWED ALLOWED
A NAME SCHEDULE GAIN/LOSS YEAR C/O GAIN/LOSS LOSS LOSS

J.R. PERRY CO. SCH E 1,654. 1,654.

TOTALS 1,654. 1,654.

PRIOR YEAR CARRYOVERS ALLOWED DUE TO CURRENT YEAR NET ACTIVITY INCOME

TOTAL TO FORM 8582, LINE 16

52 STATEMENT(S) 29, 30
10370807 786859 630 2007.07080 PERRY, JAMES R. 630 1