CONCERNING PAGE 2 OF RETURN

NOTE: The following instructions are numbered to correspond with the questions of the return, and relate to the corresponding questions

INSTRUCTION 9 INCOME FROM
BUSINESS OR PROFESSION (IN-
CLUDING FARMING):
Partnerships having several businesses may
submit a separate schedule for each business
in the same form as that shown on the return
and enter the combined total net income on
item u of the return.

Report here income from:

(a) Sales of merchandise, or of the products of manufacturing, construction, mining and agriculture.

() Farma, fishing and logging operations. (e) Business service, such as transportation, storage, laundering, hotel and restaurant service, livery and garage service, etc.

(d) A profession such as medicine, law or dentistry.

In general. report in item 9 any income in the earning of which expenses for labor, rent, etc., are incurred. Do not report bere dividends from personal service corporations which should be entered under item 11.

Income received from the sale of lands, buildings, equipment, stocks, bonds and other property not dealt in as a business should be reported under items 13 or 14.

Income Accrued or Received: See Instruction B on the reverse side of this page.

Income from Professions: In reporting income from a profession, disregard the sche dule of "cost of goods sold" and include all your business expenses under the head of "other business deductions" (Items 1-t.)

Items d to -Cost of goods sold: Do not Include cost of business equipment or fara!ture, expenditures for permanent improve ments to property, or living and family expenses of any partner. Do not include interest on your own investment in your business.

OTHER BUSINESS DEDUCTIONS tem 1-Salaries: If salary or other com. pensation paid to any partner is included in this item, report the amount thereof in column 4 of item 4 on page 1 of the return.

Interest: Do not include here interest on business indebtedness. All deductible interest.

be

and items therein.

The amount claimed for depreciation should INSTRUCTION 13-PROFIT (OR LOSS)

based on some approved accounting method and must be based on the cost of the property (or its value on January 1, 1919, if acquired before that date).

Item q-Bad Debts: Report here only debts
which you have ascertained to be worthless
and have charged off during the year. In case
of bad debts created prior to January 1, 1919,

only the fair market value on that date can
be deducted as a loss.

TEREST:

FROM THE SALE OR EXCHANGE OF STOCKS AND BONDS ΝΟΤ DEALT IN AS A BUSINESS: Sale price: State the actual consideration or price or in the case of an exchange, the fair market value of the property received. Report the fair market value at time of gift of securities given to others.

Cost: Enter the original cost of the propINSTRUCTION 10-INCOME FROM IN- erty, or if it was acquired before January 1, 1919, the fair market value on that date. For the manner of determining the fair market value on January 1, 1919, see regulations.

(a) Do not include interest accrued prior to January 1, 1919, even if received on or after that date.

(5) Interest on municipal and state bonds, other than municipal or state bonds of the State of New York, is taxable, and must be reported here.

INSTRUCTION

DIVIDENDS:

(a) Report here all dividends received in 1919 whether paid in cash, stock or other property except dividends received in 1919 which were declared payable to stockholders

of record in 1918.

(b) When dividends are paid in property or stock of the corporation the fair market value of property or stock of the corporation at the time made payable should be reported, and a statement should be attached to the return explaining the valuation placed on such dividends.

(c) The time when the profita distributed in dividends were earned by the corporation is of no sign!@cance under the State Income Tax Law that law differing somewhat in that respect from the Federal Income Tax Law.

(d) Include here dividends from personal service corporations. The State Income Tax Law differs from the Federal Income Tax Law in that personal service corporations are not classed with partnerships, and therefore

INSTRUCTION 14-PROFIT (OR LOSS)

FROM THE SALE OR EXCHANGE
OF LANDS, BUILDINGS AND OTHER
PROPERTY NOT DEALT IN. AS A
BUSINESS:

Sale price: State the actual consideration or price or in the case of an exchange, the fair market value of the property received. Report fair market value at time of gift of lands, etc., given to others.

Cost: Enter in item F the cost of the property, or if it was acquired before January 1, 1919, ite fair market value on that date. Depreciation: See Instruction 9 above.

INSTRUCTION 17-GENERAL DEDUC-
TIONS:

(a) Interest on Indebtedness: Show the total interest paid by the partnership, on partnership indebtedness. If the partnership has no non-taxable income, it may deduct all interest paid by it, If it has non-taxable income, it is entitled to deduct only a proportion of the interest paid, to be determined as

is to be claimed specifically as a deduction in are not distinguished from other corporations. follows: To the gross taxable income of the

item 17a.

Item n-Tares: Do not include taxes for local benefits of a kind tending to increase the value of the property assessed as for pav. ing, etc., nor income taxes.

Item o-Repairs, depreciation and depletion: Report here:

(a) Minor repairs required to keep property in usable condition;

(b) A reasonable allowance for exhaustion, wear and tear to the extent not offset by repairs, replacements or losace claimed as deductions in this return;

(c) Any claim for depletion of mines, oll and gas wells or timber lands.

INSTRUCTION

12

INCOME FROM
RENTS AND ROYALTIES:
Amount of rent: If you accept crops or

other property in lieu of cash rents, report
the income as though the rent had been paid

The

partnership add its non-taxable income. That will give its "total groes" income. partnership is entitled to deduct that proportion of its interest paid which its gross taxable income bears to its total gross income. If interest paid or credited to any partner Repairs, depreciation and depletion: See In- is included herein, report the amount thereof struction 9 above. in column 4 of item 4 on page 1 of the return. (b) Tazes: Report here all taxes paid by

in cash.

Tares: Report taxes on rected or leased Do not include taxes for local property.

benefits of a kind tending to increase the the partnership not already claimed as a devalue of the property assessed.

Interest: Do not include interest incurred or continued to purchase or carry the propDeductible interest should be claimed specifically under item 17-a.

Do not claim depreciation for articles that erty. have been taken into your inventory.

duction in the foregoing part of the return excopt (a) taxes for local benefits of a kind tending to increase the value of the property assessed, (b) Income taxes or (c) estate or inheritance taxes.

NEW YORK STATE INCOME TAX-FIDUCIARY RETURN

or Fiscal Period, begun.

For the Calendar Year 1919

and ended.

1919

To be used by the fiduciary of every estate or trust (resident and non-resident) the income of which is distributed or distributable and taxed to beneficiaries, if any beneficiary receives or is entitled to receive from the estate or trust a distributive share of its taxable income of $1000 or over during the taxable year. SEE INSTRUCTIONS.

NO TAX IS PAYABLE WITH THIS RETURN

DELIVER OR SEND THIS RETURN TO THE NEW YORK STATE INCOME TAX BUREAU, ALBANY, N. Y.
Do not write in this space

Examined by

Do not write in this space

Receiving Stamo

DISTRIBUTION OF INCOME

4. Enter in the table below the name and address of each beneficiary, and show the share of each in the net income of the estate or trust (whether distributed or not) reported in item 20 of this return.

5. Did you (or will you) file a fiduciary return for this estate or trust for the period covered by this return, with a U.S. Collector of Internal Revenue?.. 6. If so, what amount of Total Net Income did you (or will you) report?..........

7. If the total net income reported on the U. S. return differs from the amount of item 20 on this return, give principal items of difference, or, if you prefer, attach statement reconciling all differences.

8. Enter here all non taxable INCOME received by (or accrued to) the estate or trust. (See Instruction 8 for non taxable income)

9. INCOME FROM INTEREST

Bert interest retired or orerved and collectible matured
Exclude interest on bonds of the State of New York and its political
quieisione, and bonds of the United Stales and Federal Farm Leas
Set Instruction for all exempt interest

Page 2 of Return-Form 205

RETURN OF TAXABLE INCOME

11. INCOME FROM PARTNERSHIPS, AND FROM OTHER ESTATES AND TRUSTS

12. INCOME FROM BUSINESS OR PROFESSION (Including Farming) See Instruction 12 (a) Kind of business.

X X X

a) Kind of property.

(b) Sold or exchanged?

(e) SALE TRICE (OR FAIR MARKET VALUE OF PROPERTY RECEIVED IN EXCHANGE)

(c) Year acquired..

(Original cost (or fair market value on Jan. 1, 1919, if acquired prior thereto) of property sold or exchanged.

(g) Cost of improvements, if any, after Jan. 1, 1919, or after date of purchase, if acquired since.

(h) TOTAL (item f plus item g).

(i) Deduct depreciation after Jan. 1, 1919, or after date of purchase if acquired since.

()) Difference (item h minus item i)..........

(k) NET PROFIT ON SALE OR EXCHANGE OF LANDS, BUILDINGS, ETC (item e minus item j). (If net loss enter in red ink and subtract) 16. OTHER INCOME (Describe each source separately)

De not report exempt income here

(a).
(b).
(e).

17.

TOTAL INCOME FROM ABOVE SOURCES. (Item 9 to 16 inclusivo).

18. DEDUCTIONS (not claimed above)

19.

20.

TOTAL DEDUCTIONS.

NET INCOME OF THE ESTATE OR TRUST (Item 17 minus item 15) (Ender distributive sbarce in Item 4-Page 1 of Return)

If the estate or trust (a) has a nonresident beneficiary, and (b) carries on business both within and without the State of New York, prepare schedule of apportionment of income on Form 205-A, and attach it to this return.

(Signature of oficer administering onth)

Seal not required