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Re: Zeev Hed post# 72358

Saturday, 10/09/2004 9:58:55 AM

Saturday, October 09, 2004 9:58:55 AM

Post# of 495952
-edit, I see it now
http://www.factcheck.org/article.aspx@docID=275.html

Kerry got his information from an article we posted Sept. 23 stating that Bush on his 2001 federal income-tax returns "reported $84 of business income from his part ownership of a timber-growing enterprise." We should clarify: the $84 in Schedule C income was from Bush's Lone Star Trust, which is actually described on the 2001 income-tax returns as an "oil and gas production" business. The Lone Star Trust now owns 50% of the tree-growing company, but didn't get into that business until two years after the $84 in question. So we should have described the $84 as coming from an "oil and gas" business in 2001, and will amend that in our earlier article.



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