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Based on the facts included in the exhibits, complete Schedules M-1 and M-2 of Form 1065. For each item, enter the appropriate amount in the
Based on the facts included in the exhibits, complete Schedules M-1 and M-2 of Form 1065.
For each item, enter the appropriate amount in the associated cell. If the amount is zero or no amount is required, enter a zero (0). Input losses as negative numbers using a leading minus (-) sign.
Schedule M-1: Reconciliation of Income (Loss) per Books with Income (Loss) per Return | Amount |
1. Net income (loss) per books (Line 1) | |
2. Income included on Schedule K not recorded on books this year (Line 2) | |
3. Guaranteed payments (other than health insurance) (Line 3) | |
4. Expenses recorded on books this year not included on Schedule K (Line 4) | |
5. Income recorded on books this year not included on Schedule K (Line 6) | |
6. Deductions included on Schedule K not charged against book income this year (Line 7) | |
Income (loss) (Analysis of Net Income (Loss), line 1) (Line 9) | $0 |
Schedule M-2: Analysis of Partners' Capital Accounts | Amount |
7. Balance at beginning of year (Line 1) | |
8. Capital contributed - Cash (Line 2a) | |
9. Capital contributed - Property (Line 2b) | |
10. Net income (loss) per books (Line 3) | |
11. Distributions - Cash (Line 6a) | |
12. Distributions - Property (Line 6b) | |
13. Other decreases (Line 7) | |
Balance at end of year (Line 9) | $0 |
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