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One hundred percent of the outstanding membership of Foxtrot Company, LLC (the Company), which was formed on January 1, 2022, is owned by Haywood Dawson.

One hundred percent of the outstanding membership of Foxtrot Company, LLC (the Company), which was formed on January 1, 2022, is owned by Haywood Dawson. The Company owns and rents commercial real estate to unrelated parties. In connection with your completion of Mr. Dawsons tax returns for 2022, he brings you the following 2022 trial balance for the Company.

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Prepare the necessary tax form for presentation of this information to the IRS. Ignore any other taxable income or deductions that Mr. Dawson may have.

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