Show Telegram Gives Tenth of Series in Explanation of New Utah Income Tax Editors Editor's Note This is the tenth group croup of a series of questions and answers designed to explain the many points of the state income tax ax law In Others will follow follo daily dally Q Under taxes deductible ca can I Ithe deduct the taxes on gas and dg A. A No The tax or license is paid by ay the distributor Q My husband is working and has las a net come of 2500 We have a boarder who pays 10 a n month How Hows is s this 40 taxed A A. Estimate the profit you make makem on m the boarder and include in your income It is understood you and your our husband are arc making a joint re re- turn urn Q Is the interest paid on a mort mart gage by a man pa paying for a home deductible de do- from gross income in figuring figur figur- ing ng the tax return A. A Yes Q A single man subject to the tax makes a personal loan of money to a friend After a period of 18 months the he loan has not been repaid Is he allowed to treat this as n a bad debt and audI deduct it from his gross income for 1931 A. A No unless you have positive assurance assurance as as- the debt will never be paid If you ou deduct it now and later some part of it or all of it is paid you would then treat it as income Q If a man is sin single le and lives in Utah but has had no income the past year and has had to borrow and have credit given him at the stores to live is he required to file an income tax report and pay 1 filing fee A. A Fill out your return stating these facts that you have no income Every resident must pay the 1 filing fee Q I am a farmer How do I account account ac ac- ae- ae count for the hay silage and other farm products raised on the farm farmand farmand and fed to the cows pigs and sheep and not one dollar of the produce sol sold or turned to cash Must this be counted count count- ed as income A. A No Every farmer should take an inventory at the end of ol the year Jear This inventory would include your livestock Livestock would be valued at the market price less the cost of marketing Q Can a farmer credit himself for labor abor performed on his farm larm A. A No |