[Southack]

"Southack, IIRC, K-1 income, capital gains, interest, dividend income, and others appear on the first page of the 2003 1040. My copies are at the office, but I was under the impression that the first two pages were a pretty good snapshot of all monies making up total income."

The net figures for most "income" do go onto page 1 as you note, but those figures are *adjusted* based upon previous "losses," depreciation, and a host of factors. Moreover, your foreign earnings are specifically excluded from those two pages (though any foreign tax credit is included there). Mineral earnings aren't there, either.

You can't even begin to determine which tax loopholes she's been using...if you only look at the first two pages.

[Quilla]

The net figures for most "income" do go onto page 1 as you note, but those figures are *adjusted* based upon previous "losses," depreciation, and a host of factors. Moreover, your foreign earnings are specifically excluded from those two pages (though any foreign tax credit is included there). Mineral earnings aren't there, either.

Very true, I stand corrected.