Indianapolis Times, Indianapolis, Marion County, 7 January 1949 — Page 19

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2. Amount received tax-free In prior years...

If Line 4 is NOT greater than;

Line 3, write “0” on Line 5.

Now take 3% of the amount shown on Line 1. Compare it with the amount on Line 5. Whichever is greater goes on Line 6—but the amount on Line 6 should NOT be greater than the amount on Line i :

"The figure on Line 6 is your taxable income for 1948 from

source.

ENDOWME

1048

should

oR ete oy

» NT “insurance” policies that matured during be treated as an annuity, in this same Schedule. The cost, for Line 1, is the pre-|5 goes onto Line 6. -

AAAAPvonsn simi

Lede

cost was

Line 1.

mimums you paid over the years. (The Does paid $11.20 every three months for 20 years and received no

“dividends.” $896.)

You get nothing back until the policy matures. So Line 2 shows “0” and Line 3 is the same as

In 1948 you received the face value of the policy. This goes or Line 4. (The Does got $1000. The profit, for Line 5, is Line minus Line 3. (For the was $104.) This line 5 is greater of Line 1, so the amount {

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taxable whether you took money in cash, left it with the company at interest, used it to

only to matured endowments. Insurance received because of the death of the insured, or because of the casualty against which you insured; is not taxable, in whatever form. you may collect it.

a NN

Nex profit Cor Jom) Ceol. 2 less

sum of cols.

You are required ‘to report, for taxation, your profit on any rent. al, whether it be an entire building that you own for renting purposes or just a room, in your home ‘that you rented af a favor or for pin money. You are not taxed on the entire rent received. Just on the

{., profit. You deduct expenses. "

20d

can

FORM - 1040

provides schedules to help reckon profit or

loss on rental. The main one is

| Spring Horbinger

may | ea [TREE |

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ew nights as

three

——

Schedule B, above. . You can figure depreciation in Schedule F, on buildings, equipment, furnishings. In Schedule G you: give the details for which there is no room in Schedules B and F. ules F and G will be shown tomorrow.) You do not have to use these schedules. If they trouble you, the Collector will accept a report on plain paper, provided it contains all the facts called f the schedules.

CROSSWORD PUZZLE

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1 Depicted 5 Seines . songbird 6Snare S1It belongs to 7 Rabbit EINE TL —— SRight (ab) TID SIAL now loses [LASEITEITEEEETE 114 Baby's toy 11 Hearth AIRIETIEMIDIRIAL INIEO) 15 Brown : SIEIDIAIN] ISIEINIAITIE]S]

‘Answer. to Previous SIP IAIRIRIO IW] ICO IMIMIYINIE]

ISMAIL IL. | ANIEISITIS ERT) IE

16 Mongolian 13 Salt 28 Metal 42 Peel 18 Dawn goddess 17 Toward 33 It goes south 43 Was indebted 19 Those in 25 Female sheep in the —— 44 Note of scale pawer (pl) 34 Lily Maid of 45 Go astray 20 Slant 6 Its — is Astolat 46 Ooze 21 Drunkard made of mud 36 0ld age 47 Pitcher 22 Giant king of and grass 37 Portions $2 That thing

Eyestrain Makes Wrinkles . . .

Protect Your Eyes and Your Looks Ain

: ; Consult

DE. R. J. WELDON

in His Optical Department, North Mezzanine The WM. H. BLOCK CO.

‘Office Hours Monday Through. Saturday

oes Jn 920000 890.

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(8ched-

or by

[LISILIEITE

“frame

Does, 3% of $8068 equals only $26.88.) 3

The amount on Line 6 (for the! Does, $104) is your taxable in-| come from the endowment, It is! When detectives arrested Welles, the he had a 32-caliber .revolver in| hifs possession. He-had taken the

In Schedule B; in Column 1 list each rented prope Describe it briefly— “brick house,” garage,” “one room in rented home,” “half of two-family|Butler University. stucco,” or whatever it may be. In the second column, for each property show the total rent received during 1948. If you own the rented property| you can charge depreciation. This is where Schedule Again, you are privileged to use plain paper, but if you do you must give the same information.) Monday: Depreciation and other rental expenses.

rty

F comes in.

grasping his. wrist, staljbed him again.”

gun from the home of

buy paid-up ce, or he said, and had tried to pawn arranged to get part each year|it for" §5. : oy as an annulity. In his statement to detectives!

applies|Leeman know whether or not

to go to a movie. He learned about

(a discussion of the a bus. Officers are holding

59.

separately.

Butler speech division.

time was in the chest, Welles said. | Armed With: Revolver

dman and Fred Whisler, Welles said he did not

was dead when he left the house

on Wednesday, when he overheard

a charge of murder. +

Program of Records At Butler Tuesday

A record program fhcluding se- beret is something to see. Don’t

Jections from “Medea” with Jud- miss it. * ith Anderson in the title role and | Next I went to the MetropoliRalph: Bellamy’s reading of the tan Bopera House—the “Rubaiyat of Omar Khayyam" | Roost on Broadway-—where they will be held at 1 p. m. Tuesday in {have a 90-cent section called “the the Arthur Jordan Memorial Hall, bullpen,” where customers just!

. This will be the third in a series of record programs given by the In fact, over at the other B-Bop

Answer False Alarm Fire fighting equipment from | Fire Stations 22, 28 and 14 an-|of-date. . swered a false alarm at 10:51] When he dropped in there last! a. m. today at the Administration week, a hatcheck girl said, “Good-| Building, State Fairgrounds. No one had been seen in the vicinity

of the firebox before the alarm.

topped ln Nigh B. G. to Toot’ |" At Inaugural +

“k

{renting white tie and tails to go to Mr. Truman's party for! 5000 on Jan. 20, and then said:

do you

don’t actually know,” he said, n “Are you actually playing different?” I asked. He grinned

again, “Uh, well. I got a new band,” he chuckled: " “There are some kids in it. Some 3 of them are nuts “about Bop. If 1 like the way they play, I 8 . don’t care what - » they call it.” ~ = a : “But do YOU play p?” I said. Mr. Ct “I don’t know. {ask them.” “I's nice you're going to play B-Bop at the Inaugural” I said. “Cause up to now so many people don’t know what it is.” “Probably won't after we get through, either,” he said. “I've probably been doing it for years,” he said. “Any kind killing on/®f 800d B-Bop is swing.” v \ ” = rn

Welles on Don't Miss It

I LISTENED to his band play “Buddy’s Bop,” with his pianist, Buddy Greco, persuading Benny, to wear a beret, the badge of the Bopper. Benny Goodman in a

You'd have to

his victim

the death

Royal

{sit- and quiver rhythmically. They are advanced B-Boppers.

i

~The Boppérs Say He's Square; [™" *! Buddy's Beret Sight fo See (The NEW YORK, Jan. 7—Now that B-Bop's going to be|reo

at the Inaugural Ball by Benny Goodman, I decided to find out what B-Bop he's going to play. ~~ But who to ask? Racking my brain for several days,

pn, fit came to me, just like that, I should ask Benny Goodman, * Coord No good. He doesn’t know. . . . I visited “B. G” at the Paramount, told him I was|Earl’s Pearls

“gy a

.| . Yet wheh he told one reporter,

Spot on Broadway, the Clique,

’

man? He's a square.” - - . And to think, his followers

where they offer an act called| “Babs and 3 Biffs and a Bop,”| Goodman is looked upon as out-| H

i

|

New Don’t Listen, Visiting Re-

whether it will ever replace music. «py Take New Orl te of Ralph Watkins, boss. of the Met- New Orleans." tolls ropolitan Bopera House, is happy with business, and is probably

form of legal gambling kept the| debs and their escorts busy and everyone marveled at the dancing display of Mrs, Huntington Watts and Wambly Bald. . . Marty Goodman sold the Lamb's Club Gambol to NBC-TV via Maxwell House for a large sum starting qn a weekly basis Feb. 27 , . . Maxine, who retired several years ago as queen of Phil Spitalny’'s all-gal band, made her solo supper club debut Wednesday at .the Hotel Warwick's Raleigh Room,

Today's Best Laugh

JOHN LESTER In his book,

ment post immediately after Mr. Carmichael leaves, Mr, Schricker nimed Robert B, Hougham . of !Franklin, a former secretary, to serve in the interim. ok

I sat in the §2 section at the Roost, had a “real gawn" malted, looked at nearby berets and goatees, and listened to one of the B-Bop songs, titled, “I'm Forever Blowing Be - Bop - Be - Boobles.” :

Casino: “My girl is Just too good to be true--to me, that is.” wile i Bor Buzz THE HOTEL Plerre’s Cotillion Room had a fOashy ‘with

Bop there is ealled The New Listen. :

- SOME, HOWEVER, call it the r Justin Gilbert - wonders

a woman who rushed into a lending library and said, “I want a copy of Pearl Book's latest buck.”

GLAD I DIDN'T SAY THAT: bsence. A drunk . at the Philly Latin] ‘That's Earl, brother.

es locks

\ ; New! Different! Prettier Than Ever!

right when he says, “Bop is here to stay.”

__Ely and Walker's

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