Please use the following information to complete the form 1065 page 1 and the schedule K that are attached. I need this ASAP!
Gross Income Repair Revenue Interest Income Dividends (Qualified) Net Short-term Capital Gain $100,000.00 600.00 2,000.00 5,000.00 $107,600.00 Total Income from all sources 1 Expenses Guaranteed payments Renovation Expense Rent Depreciaton expense Licenses Travel Expenses Supplies Expenses Net Long-term Capital Loss Charitable Contributions $10,000.00 5,500.00 1,500.00 2,065.75 500.00 800.00 700.00 10,000.00 5,000.00 $36,065.75 $71,534.25 Total Expenses 2 Net Income G H Check applicable boxes: 1) Check accounting method: (1) Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year. Initialretum (2 Cash Final return 3 D Name change ( Accrud D Address change 5 Amended retur (2) [ 0ther(specify Caution: Include onty trade or business Income and expenses on Ines 1a through 22 below. See Instructions for more Information. b Returns and allowances Balance. Subtract line 1b from line 1a 1b c 2 Cost of goods sold (attach Form 1125-A) 3 Gross profit. Subtract line 2 from line 1c 4 Ordinary income(loss) from other partnerships, estates, and trusts (attach statement 5 Net farm profit (loss) (attach Schadule F Form 1040) 6 Net gain (loss) from Form 4797, Part Il, line 17 (attach Form 4797) 7 Other income (loss) (attach statement) 8 Total income 9 Salaries and wages (other than to partners) (less employment credits) 10 Guaranteed payments to partners 11 Repairs and maintenance 10 12 Bad debts 12 13 14 15 13 Rent 14 Taxes and licenses 15 Interest (see instructions) 16a Depreciation (if required, attach Form 4562) b Less depreciation reported on Fom 1125-A and elsewhere on retum 16b 16c 17 Depletion (Do not deduct oil and gas depletion.) 18 Retirement plans, etc. 19 Employee benefit programs 20 Other deductions (attach statement 18 19 21 Total deductions.Add the amounts shown in the far right column for lines 9 through 20 Subtract line 21 from line 8 23 24 25 26 27 28 | 29 Interest due under the look back method-completed long-term contracts (attach Form 8697) Interest due under the look-back method-income forecast method (attach Forn 8866) BBA AAR imputed underpayment (see instructions) Other taxes (see instructions) Total balance due. Add lines 23 through 27 Payment (see instructions) Amount owed. t line 28 is smaller than line 27, enter amount owed 23 25 27 Total amount Ordinary business income (loss) page 1, line 22) 3a Other gross rental income (oss) c Other net rental income (loss). Subtract line 3b from line 3a 5 nterest income 3a 3c Dividends and dividend equivalents: a Ordinary dividends b Qualified dividends 6b 8 Net short-term capital gain (loss) (attach Schedule D (Form 1065) 9a Net long-term capital gain (loss) (attach Schedule D (Form 1065) 9b 9a b Collectibles (28%) gain (loss) c Unrecaptured section 1250 gain (attach statement 10 Net section 1231 gain (loss) (attach Form 4797) 12 13a Contributions b Investment interest expense c Section 59(e2) expenditures: ) Type (2) Amount302 14a Net earnings (loss) from self-employment 1A b Gross farming or fishing income c Gross nonfarm income b Low-income housing credit (otheri c Qualified rehabilitation expenditures (rental ealestate) (attach Form 3468, if applicable) 15c d Other rental real estate credits (see instructions Type e Other rental credits (see instructions) b Gross income from all sources c Gross income sourced at partner level Foreign gross income sourced at partnership lavel d Section 951A category e Foreign branch category -g General category Other attach statement)16h Deductions allocated and apportioned at partner lavel Deductions allocated and apportioned at partnership level to foreign source income k Section 951A category m Passive category p Total foreign taxes (check one):Paid AccruedD q Reduction in taxes available for credit (attach statement) r Other foreign tax information (attach statement) Foreign branch category n General Category Otherlatach statement160 17a Post-1986 depreciation adjustment Eb Adjusted gain or loss 2 c Depletion (other than oil and gas EEd Ol, gas, and geothemal properties-gross income e Ol,gas, and geothemal properties-deductions f Other AMTtems (attach statement) Gross Income Repair Revenue Interest Income Dividends (Qualified) Net Short-term Capital Gain $100,000.00 600.00 2,000.00 5,000.00 $107,600.00 Total Income from all sources 1 Expenses Guaranteed payments Renovation Expense Rent Depreciaton expense Licenses Travel Expenses Supplies Expenses Net Long-term Capital Loss Charitable Contributions $10,000.00 5,500.00 1,500.00 2,065.75 500.00 800.00 700.00 10,000.00 5,000.00 $36,065.75 $71,534.25 Total Expenses 2 Net Income G H Check applicable boxes: 1) Check accounting method: (1) Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year. Initialretum (2 Cash Final return 3 D Name change ( Accrud D Address change 5 Amended retur (2) [ 0ther(specify Caution: Include onty trade or business Income and expenses on Ines 1a through 22 below. See Instructions for more Information. b Returns and allowances Balance. Subtract line 1b from line 1a 1b c 2 Cost of goods sold (attach Form 1125-A) 3 Gross profit. Subtract line 2 from line 1c 4 Ordinary income(loss) from other partnerships, estates, and trusts (attach statement 5 Net farm profit (loss) (attach Schadule F Form 1040) 6 Net gain (loss) from Form 4797, Part Il, line 17 (attach Form 4797) 7 Other income (loss) (attach statement) 8 Total income 9 Salaries and wages (other than to partners) (less employment credits) 10 Guaranteed payments to partners 11 Repairs and maintenance 10 12 Bad debts 12 13 14 15 13 Rent 14 Taxes and licenses 15 Interest (see instructions) 16a Depreciation (if required, attach Form 4562) b Less depreciation reported on Fom 1125-A and elsewhere on retum 16b 16c 17 Depletion (Do not deduct oil and gas depletion.) 18 Retirement plans, etc. 19 Employee benefit programs 20 Other deductions (attach statement 18 19 21 Total deductions.Add the amounts shown in the far right column for lines 9 through 20 Subtract line 21 from line 8 23 24 25 26 27 28 | 29 Interest due under the look back method-completed long-term contracts (attach Form 8697) Interest due under the look-back method-income forecast method (attach Forn 8866) BBA AAR imputed underpayment (see instructions) Other taxes (see instructions) Total balance due. Add lines 23 through 27 Payment (see instructions) Amount owed. t line 28 is smaller than line 27, enter amount owed 23 25 27 Total amount Ordinary business income (loss) page 1, line 22) 3a Other gross rental income (oss) c Other net rental income (loss). Subtract line 3b from line 3a 5 nterest income 3a 3c Dividends and dividend equivalents: a Ordinary dividends b Qualified dividends 6b 8 Net short-term capital gain (loss) (attach Schedule D (Form 1065) 9a Net long-term capital gain (loss) (attach Schedule D (Form 1065) 9b 9a b Collectibles (28%) gain (loss) c Unrecaptured section 1250 gain (attach statement 10 Net section 1231 gain (loss) (attach Form 4797) 12 13a Contributions b Investment interest expense c Section 59(e2) expenditures: ) Type (2) Amount302 14a Net earnings (loss) from self-employment 1A b Gross farming or fishing income c Gross nonfarm income b Low-income housing credit (otheri c Qualified rehabilitation expenditures (rental ealestate) (attach Form 3468, if applicable) 15c d Other rental real estate credits (see instructions Type e Other rental credits (see instructions) b Gross income from all sources c Gross income sourced at partner level Foreign gross income sourced at partnership lavel d Section 951A category e Foreign branch category -g General category Other attach statement)16h Deductions allocated and apportioned at partner lavel Deductions allocated and apportioned at partnership level to foreign source income k Section 951A category m Passive category p Total foreign taxes (check one):Paid AccruedD q Reduction in taxes available for credit (attach statement) r Other foreign tax information (attach statement) Foreign branch category n General Category Otherlatach statement160 17a Post-1986 depreciation adjustment Eb Adjusted gain or loss 2 c Depletion (other than oil and gas EEd Ol, gas, and geothemal properties-gross income e Ol,gas, and geothemal properties-deductions f Other AMTtems (attach statement)
