Resources:Phoenix Medical Data Part 3,Phoenix Medical Worksheet Student Part 3,Schedule K-1 Instructions,Schedule K-1 Form 1065, Instructions Form 1065, andReturn Form 1065

Using the included resources,completetaxForm 1065andSchedule K-1 Form 1065.

Clickthe Assignment Files tab to submit your assignment as a PDF file.

Note.Grades are awarded based upon individual contributions to the Learning Team assignment. Each Learning Team member receives a grade based upon his/her contributions to the team assignment. Not all students may receive the same grade for the team assignment.

I have to do Schedule K-1(3)

Name Number 1 2 3 Entity or First Name Laura Chris Domenic Last Name Street Address Daybreak 6241 East Circle Dante 26091 Largo Street Milford 6 White Dove Drive City State San Diego CA Anaheim CA Los Angeles CA ZIP 92123 92802 90036 Beginning Percentages SSN / EIN 867-79-3192 867-99-3192 867-00-3192 Entity Type I I I Tax Matters Partner X Profit % Loss % Capital % 0.333300000 0.333300000 0.333300000 0.333300000 0.333300000 0.333300000 0.333300000 0.333300000 0.333300000 Capital Accoun Beginning Capital Capital Accounts Net Inc. Per Books Cash Distribution Ending Capital Guarnateed Payments Deducted from Income Phoenix Medical 7:08 AM 11/04/15 Accrual Basis Balance Sheet As of December 31, 2014 Dec 31, 15 Dec 31, 14 $ Change ASSETS Current Assets Checking/Savings 10001 Checking 609,842.00 277,131.00 332,711.00 10010 Savings 557,392.23 325,541.23 231,851.00 10020 Cash Maximizer Total Checking/Savings 558,380.05 69,672.05 488,708.00 1,725,614.28 672,344.28 ### 260,990.00 826,113.00 -565,123.00 260,990.00 826,113.00 -565,123.00 75,000.00 0.00 75,000.00 Accounts Receivable 11000 Accounts Receivable Total Accounts Receivable Other Current Assets 18100 Loan to Shareholder Total Other Current Assets Total Current Assets 75,000.00 0.00 75,000.00 2,061,604.28 1,498,457.28 563,147.00 40,316.00 40,316.00 0.00 Fixed Assets 15000 Furniture and Equipment 15500 Leasehold Improvements 506,889.00 506,889.00 0.00 1,399,776.00 1,129,888.00 269,888.00 ### ### -328,702.00 378,208.00 437,022.00 -58,814.00 3,206,518.00 2,306,518.00 900,000.00 866,507.20 364,352.20 502,155.00 4,073,025.20 6,512,837.48 2,670,870.20 4,606,349.48 ### ### 122,601.00 107,245.00 15,356.00 122,601.00 107,245.00 15,356.00 39,065.51 34,742.51 4,323.00 39,065.51 34,742.51 4,323.00 20200 Accrued Salaries 0.00 26,375.00 -26,375.00 Total Other Current Liabilities 0.00 26,375.00 -26,375.00 161,666.51 168,362.51 -6,696.00 16100 Medical Equipment 17000 Accumulated Depreciation Total Fixed Assets Other Assets 18001 Investment in Big Labs 18050 Investment in R&D Company Total Other Assets TOTAL ASSETS LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 20001 Accounts Payable Total Accounts Payable Credit Cards 20100 Credit Cards Total Credit Cards Other Current Liabilities Total Current Liabilities Long Term Liabilities Page 4 of 9 7:08 AM 11/04/15 Accrual Basis Phoenix Medical Balance Sheet As of December 31, 2014 Dec 31, 15 Dec 31, 14 $ Change 28001 Business Loan 1,207,401.72 1,333,423.72 -126,022.00 Total Long Term Liabilities 1,207,401.72 1,333,423.72 -126,022.00 1,369,068.23 1,501,786.23 -132,718.00 1,000.00 1,000.00 0.00 Total Liabilities Equity 30100 Capital Stock 31400 Shareholder Distributions -400,000.00 0.00 -400,000.00 32000 Retained Earnings 3,103,563.25 3,103,563.25 0.00 Net Income 2,439,206.00 0.00 ### Total Equity TOTAL LIABILITIES & EQUITY 5,143,769.25 6,512,837.48 3,104,563.25 4,606,349.48 ### ### Page 5 of 9 Phoenix Medical 7:09 AM 11/04/15 Accrual Basis Profit & Loss January through December 2014 Jan - Dec 15 Ordinary Income/Expense Income 43700 Fee for Service Income 47300 Refunds Total Income 5,615,706.00 -17,633.00 5,598,073.00 Expense 60000 Advertising and Promotion 60200 Automobile Expense 1,252.00 11,961.00 60400 Bank Service Charges 8,808.00 61000 Business Licenses and Permits 5,611.00 61100 Charitable Contributions (Cash) 100,000.00 61700 Computer and Internet Expenses 13,575.00 62400 Depreciation Expense 62500 Dues and Subscriptions 628,702.00 8,327.00 62600 Equipment Rental 62610 Laser Facility Rent 62600 Equipment Rental - Other Total 62600 Equipment Rental 14,979.00 201,106.00 216,085.00 63300 Insurance Expense 55,356.00 63400 Interest Expense 63,678.00 63600 Laboratory Testing Fees 64300 Meals and Entertainment 121,653.00 8,362.50 64400 Medical Records and Supplies 103,456.00 66700 Professional Fees 123,945.00 67200 Repairs and Maintenance 18,855.00 67800 Salaries and Wages 67810 Guaranteed Payments 940,000.00 67800 Salaries and Wages - Other 321,580.00 Total 67800 Salaries and Wages 1,261,580.00 68000 Taxes 68010 Payroll Taxes 68020 State Tax Total 68000 Taxes 206,103.00 30,652.00 236,755.00 68500 Uniforms 16,121.00 68600 Utilities 30,364.00 Total Expense Net Ordinary Income 3,034,446.50 2,563,626.50 Other Income/Expense Other Income 70200 Interest Income 70222 Tax Exempt Interest 833.00 0.00 Page 6 of 9 7:09 AM 11/04/15 Accrual Basis Phoenix Medical Profit & Loss January through December 2014 Jan - Dec 15 70300 Sublease Rents 240,000.00 71000 Dividends 80,000.00 75000 Gain on Sale of Assets 75,000.00 Total Other Income 395,833.00 Other Expense M-1 AC M-1 Accrual to Cash Adjustment Total Other Expense Net Other Income Net Income 13,597.00 13,597.00 382,236.00 2,945,862.50 Schedule M-1 Line 10 Page 7 of 9 Phoenix Medical 12:55 PM 10/26/15 Accrual Basis Profit & Loss January through December 2014 Jan - Dec 15 Ordinary Income/Expense Income 43700 Fee for Service Income 47300 Refunds Total Income 5,050,583.00 -17,633.00 5,032,950.00 Expense 60000 Advertising and Promotion 60200 Automobile Expense 60400 Bank Service Charges 1,252.00 11,961.00 8,808.00 61000 Business Licenses and Permits 5,611.00 61100 Charitable Contributions (Cash) 60,000.00 61700 Computer and Internet Expenses 13,575.00 62400 Depreciation Expense 62500 Dues and Subscriptions 628,702.00 8,327.00 62600 Equipment Rental 62610 Laser Facility Rent 62600 Equipment Rental - Other Total 62600 Equipment Rental 14,979.00 201,106.00 216,085.00 63300 Insurance Expense 55,356.00 63400 Interest Expense 63,678.00 63600 Laboratory Testing Fees 121,653.00 64300 Meals and Entertainment 16,725.00 64400 Medical Records and Supplies 103,456.00 66700 Professional Fees 123,945.00 67200 Repairs and Maintenance 18,855.00 67800 Salaries and Wages 67810 Officer Compensation 67800 Salaries and Wages - Other Total 67800 Salaries and Wages 940,000.00 321,580.00 1,261,580.00 68000 Taxes 68010 Payroll Taxes 68020 State Tax Total 68000 Taxes 206,103.00 35,041.00 241,144.00 68500 Uniforms 16,121.00 68600 Utilities 30,364.00 Total Expense Net Ordinary Income 3,007,198.00 2,025,752.00 Other Income/Expense Other Income 70200 Interest Income 833.00 12:55 PM 10/26/15 Accrual Basis Phoenix Medical Profit & Loss January through December 2014 Jan - Dec 15 70222 Tax Exempt Interest 70300 Sublease Rents 17,621.00 240,000.00 71000 Dividends 80,000.00 75000 Gain on Sale of Assets 75,000.00 Total Other Income Net Other Income Net Income INFORMATION ONLY - NOT TO INPUT. 413,454.00 413,454.00 2,439,206.00 Schedule M-1 Line 1 12:41 PM 10/26/15 Accrual Basis Phoenix Medical Adjusted Trial Balance January through December 2014 Unadjusted Balance Debit 10001 Checking 609,842.00 10010 Savings 557,392.23 10020 Cash Maximizer 558,380.05 11000 Accounts Receivable 260,990.00 18100 Loan to Shareholder 40,316.00 15500 Leasehold Improvements 506,889.00 18050 Investment in R&D Company 1,240,071.00 122,601.00 39,065.51 r 1,207,401.72 30100 Capital Stock 1,000.00 400,000.00 32000 Retained Earnings 3,103,563.25 43700 Fee for Service Income 5,050,583.00 60000 Advertising and Promotion 60200 Automobile Expense 17,633.00 1,252.00 11,961.00 60400 Bank Service Charges 8,808.00 61000 Business Licenses and Permits 5,611.00 61100 Charitable Contributions (Cash) 60,000.00 61700 Computer and Internet Expenses 13,575.00 62400 Depreciation Expense 62500 Dues and Subscriptions 62600 Equipment Rental Adj 2 8,327.00 201,106.00 62600 Equipment Rental:62610 Laser Facility Rent 14,979.00 63300 Insurance Expense 55,356.00 63400 Interest Expense 63,678.00 63600 Laboratory Testing Fees 121,653.00 64300 Meals and Entertainment 16,725.00 64400 Medical Records and Supplies 103,456.00 66700 Professional Fees 123,945.00 67200 Repairs and Maintenance r 0.00 28001 Business Loan 47300 Refunds Adj 1 & 2 866,507.20 20100 Credit Cards 31400 Shareholder Distributions Adj 1 3,206,518.00 20001 Accounts Payable 20200 Accrued Salaries Debit 1,699,776.00 17000 Accumulated Depreciation 18001 Investment in Big Labs Credit Adj 1 15000 Furniture and Equipment 16100 Medical Equipment Book Adjustments 18,855.00 67800 Salaries and Wages 321,580.00 67800 Salaries and Wages:67810 Officer Compensation 940,000.00 68000 Taxes:68010 Payroll Taxes 206,103.00 Page 1 of 12 12:41 PM 10/26/15 Accrual Basis Phoenix Medical Adjusted Trial Balance January through December 2014 Unadjusted Balance Debit Book Adjustments Credit 68000 Taxes:68020 State Tax 35,041.00 68500 Uniforms 16,121.00 68600 Utilities 30,364.00 70200 Interest Income Debit 833.00 70222 Tax Exempt Interest 17,621.00 70300 Sublease Rents 240,000.00 71000 Dividends 80,000.00 75000 Gain on Sale of Assets M-1 Accrual to Cash - Accounts Payable TOTAL Adj 1 ### ### 0.00 Book Adjustments Adj 1 Sale of fixed assets Adj 2 2014 Depreciation r Reclass of accounts payable Tax Adjustments a Accrual to Cash Adjustment - Accounts Receivable b Charitable contributions carryover c 50% Meals and Entertainment d Non-deductible penalties e Tax Exempt interest f Accrual to Cash Adjustment - Accounts Payable Page 2 of 12 12:41 PM 10/26/15 Accrual Basis Phoenix Medical Adjusted Trial Balance January through December 2014 Book Adjustments Adjusted Book Balance Credit Debit Credit 10001 Checking 609,842.00 10010 Savings 557,392.23 10020 Cash Maximizer 558,380.05 11000 Accounts Receivable 260,990.00 18100 Loan to Shareholder 0.00 15000 Furniture and Equipment 40,316.00 15500 Leasehold Improvements 506,889.00 16100 Medical Equipment 1,699,776.00 17000 Accumulated Depreciation 18001 Investment in Big Labs 18050 Investment in R&D Company 1,240,071.00 3,206,518.00 866,507.20 20001 Accounts Payable 122,601.00 20100 Credit Cards 39,065.51 20200 Accrued Salaries 0.00 28001 Business Loan 1,207,401.72 30100 Capital Stock 31400 Shareholder Distributions Tax Adjustments 1,000.00 400,000.00 32000 Retained Earnings 3,103,563.25 43700 Fee for Service Income 5,050,583.00 47300 Refunds 60000 Advertising and Promotion 60200 Automobile Expense 17,633.00 1,252.00 11,961.00 60400 Bank Service Charges 8,808.00 61000 Business Licenses and Permits 5,611.00 61100 Charitable Contributions (Cash) 60,000.00 61700 Computer and Internet Expenses 13,575.00 62400 Depreciation Expense 62500 Dues and Subscriptions 62600 Equipment Rental 0.00 8,327.00 201,106.00 62600 Equipment Rental:62610 Laser Facility Rent 14,979.00 63300 Insurance Expense 55,356.00 63400 Interest Expense 63,678.00 63600 Laboratory Testing Fees 121,653.00 64300 Meals and Entertainment 16,725.00 64400 Medical Records and Supplies 103,456.00 66700 Professional Fees 123,945.00 67200 Repairs and Maintenance b 18,855.00 67800 Salaries and Wages 321,580.00 67800 Salaries and Wages:67810 Officer Compensation 940,000.00 68000 Taxes:68010 Payroll Taxes 206,103.00 Page 3 of 12 12:41 PM 10/26/15 Accrual Basis Phoenix Medical Adjusted Trial Balance January through December 2014 Book Adjustments Adjusted Book Balance Credit Debit 68000 Taxes:68020 State Tax 35,041.00 68500 Uniforms 16,121.00 68600 Utilities 30,364.00 70200 Interest Income 17,621.00 70300 Sublease Rents e 240,000.00 71000 Dividends 80,000.00 75000 Gain on Sale of Assets 0.00 0.00 0.00 11,102,739.48 Book Income Book Adjustments Credit 833.00 70222 Tax Exempt Interest M-1 Accrual to Cash - Accounts Payable TOTAL Tax Adjustments Book Income Check Figure 0.00 11,102,739.48 f 2,992,908 553,702 Adj 1 Sale of fixed assets Adj 2 2014 Depreciation r Reclass of accounts payable Tax Adjustments a Accrual to Cash Adjustment - Accounts Receivable b Charitable contributions carryover c 50% Meals and Entertainment d Non-deductible penalties e Tax Exempt interest f Accrual to Cash Adjustment - Accounts Payable Page 4 of 12 12:41 PM 10/26/15 Accrual Basis Phoenix Medical Adjusted Trial Balance January through December 2014 Tax Adjustments Debit Adjusted Tax Balance Credit Debit 10001 Checking 609,842.00 10010 Savings 557,392.23 10020 Cash Maximizer 558,380.05 11000 Accounts Receivable 260,990.00 18100 Loan to Shareholder 0.00 15000 Furniture and Equipment 40,316.00 15500 Leasehold Improvements 506,889.00 16100 Medical Equipment 1,699,776.00 17000 Accumulated Depreciation 18001 Investment in Big Labs 3,206,518.00 18050 Investment in R&D Company 866,507.20 20001 Accounts Payable 20100 Credit Cards 20200 Accrued Salaries 28001 Business Loan 30100 Capital Stock 31400 Shareholder Distributions 400,000.00 32000 Retained Earnings 43700 Fee for Service Income a 47300 Refunds 17,633.00 60000 Advertising and Promotion 1,252.00 60200 Automobile Expense 11,961.00 60400 Bank Service Charges 8,808.00 61000 Business Licenses and Permits 5,611.00 61100 Charitable Contributions (Cash) 60,000.00 61700 Computer and Internet Expenses 13,575.00 62400 Depreciation Expense 0.00 62500 Dues and Subscriptions 8,327.00 62600 Equipment Rental 201,106.00 62600 Equipment Rental:62610 Laser Facility Rent 14,979.00 63300 Insurance Expense 55,356.00 63400 Interest Expense 63,678.00 63600 Laboratory Testing Fees 64300 Meals and Entertainment 121,653.00 c 16,725.00 64400 Medical Records and Supplies 103,456.00 66700 Professional Fees 123,945.00 67200 Repairs and Maintenance 18,855.00 67800 Salaries and Wages 321,580.00 67800 Salaries and Wages:67810 Officer Compensation 940,000.00 68000 Taxes:68010 Payroll Taxes 206,103.00 Page 5 of 12 12:41 PM 10/26/15 Accrual Basis Phoenix Medical Adjusted Trial Balance January through December 2014 Tax Adjustments Debit 68000 Taxes:68020 State Tax Adjusted Tax Balance Credit d Debit 35,041.00 68500 Uniforms 16,121.00 68600 Utilities 30,364.00 70200 Interest Income 70222 Tax Exempt Interest 70300 Sublease Rents 71000 Dividends 75000 Gain on Sale of Assets M-1 Accrual to Cash - Accounts Payable TOTAL 0.00 0.00 0.00 11,102,739.48 Tax Income Book Adjustments Adj 1 Sale of fixed assets Adj 2 2014 Depreciation r Reclass of accounts payable Tax Adjustments a Accrual to Cash Adjustment - Accounts Receivable b Charitable contributions carryover c 50% Meals and Entertainment d Non-deductible penalties e Tax Exempt interest f Accrual to Cash Adjustment - Accounts Payable Page 6 of 12 12:41 PM 10/26/15 Accrual Basis Phoenix Medical Adjusted Trial Balance January through December 2014 Adjusted Tax Balance Credit 10001 Checking 10010 Savings 10020 Cash Maximizer 11000 Accounts Receivable 18100 Loan to Shareholder 15000 Furniture and Equipment 15500 Leasehold Improvements 16100 Medical Equipment 17000 Accumulated Depreciation 1,240,071.00 18001 Investment in Big Labs 18050 Investment in R&D Company 20001 Accounts Payable 20100 Credit Cards 20200 Accrued Salaries 28001 Business Loan 30100 Capital Stock 122,601.00 107245 39,065.51 0.00 1,207,401.72 1,000.00 31400 Shareholder Distributions 32000 Retained Earnings 3,103,563.25 43700 Fee for Service Income 5,050,583.00 47300 Refunds 60000 Advertising and Promotion 60200 Automobile Expense 60400 Bank Service Charges 61000 Business Licenses and Permits 61100 Charitable Contributions (Cash) 61700 Computer and Internet Expenses 62400 Depreciation Expense 62500 Dues and Subscriptions 62600 Equipment Rental 62600 Equipment Rental:62610 Laser Facility Rent 63300 Insurance Expense 63400 Interest Expense 63600 Laboratory Testing Fees 64300 Meals and Entertainment 64400 Medical Records and Supplies 66700 Professional Fees 67200 Repairs and Maintenance 67800 Salaries and Wages 67800 Salaries and Wages:67810 Officer Compensation 68000 Taxes:68010 Payroll Taxes Page 7 of 12 12:41 PM 10/26/15 Accrual Basis Phoenix Medical Adjusted Trial Balance January through December 2014 Adjusted Tax Balance Credit 68000 Taxes:68020 State Tax 68500 Uniforms 68600 Utilities 70200 Interest Income 70222 Tax Exempt Interest 70300 Sublease Rents 71000 Dividends 75000 Gain on Sale of Assets M-1 Accrual to Cash - Accounts Payable TOTAL 833.00 17,621.00 240,000.00 80,000.00 0.00 11,102,739.48 2,992,908 Book Adjustments Adj 1 Sale of fixed assets Adj 2 2014 Depreciation r Reclass of accounts payable Tax Adjustments a Accrual to Cash Adjustment - Accounts Receivable b Charitable contributions carryover c 50% Meals and Entertainment d Non-deductible penalties e Tax Exempt interest f Accrual to Cash Adjustment - Accounts Payable Page 8 of 12 Phoenix Medical 2:20 PM 10/26/15 Accrual Basis Adjusting Journal Entries January through December 2014 Date ### Num 2014 Adj 1 Memo to sell obsolete equipment to sell obsolete equipment to sell obsolete equipment to sell obsolete equipment ### 2014 Adj 2 to record 2014 depreciation on assets placed in service prior to 2014 to record 2014 depreciation on assets placed in service prior to 2014 to record Sec. 179 expense to record Sec. 179 expense to record depreciation on assets placed in service in 2014 to record depreciation on assets placed in service in 2014 TOTAL Page 9 of 12 Phoenix Medical 2:20 PM 10/26/15 Accrual Basis Adjusting Journal Entries January through December 2014 Account Debit Credit 17000 Accumulated Depreciation 16100 Medical Equipment 18100 Loan to Shareholder 75000 Gain on Sale of Assets 0.00 0.00 0.00 0.00 0.00 0.00 62400 Depreciation Expense 17000 Accumulated Depreciation 62400 Depreciation Expense 17000 Accumulated Depreciation 62400 Depreciation Expense 17000 Accumulated Depreciation TOTAL Page 10 of 12 Phoenix Medical 12:53 PM 10/26/15 Accrual Basis Balance Sheet As of December 31, 2014 Dec 31, 14 Dec 31, 13 $ Change ASSETS Current Assets Checking/Savings 10001 Checking 609,842.00 277,131.00 332,711.00 10010 Savings 557,392.23 325,541.23 231,851.00 10020 Cash Maximizer Total Checking/Savings 558,380.05 69,672.05 488,708.00 1,725,614.28 672,344.28 ### 260,990.00 826,113.00 -565,123.00 260,990.00 826,113.00 -565,123.00 75,000.00 0.00 75,000.00 Accounts Receivable 11000 Accounts Receivable Total Accounts Receivable Other Current Assets 18100 Loan to Shareholder Total Other Current Assets Total Current Assets 75,000.00 0.00 75,000.00 2,061,604.28 1,498,457.28 563,147.00 40,316.00 40,316.00 0.00 Fixed Assets 15000 Furniture and Equipment 15500 Leasehold Improvements 16100 Medical Equipment 17000 Accumulated Depreciation Total Fixed Assets 506,889.00 506,889.00 0.00 1,399,776.00 1,129,888.00 269,888.00 -1,568,773.00 ### -328,702.00 378,208.00 437,022.00 -58,814.00 3,206,518.00 2,306,518.00 900,000.00 866,507.20 364,352.20 502,155.00 Other Assets 18001 Investment in Big Labs 18050 Investment in R&D Company Total Other Assets 4,073,025.20 2,670,870.20 ### 6,512,837.48 4,606,349.48 ### 93,648.00 107,245.00 -13,597.00 93,648.00 107,245.00 -13,597.00 39,065.51 34,742.51 4,323.00 39,065.51 34,742.51 4,323.00 20200 Accrued Salaries 28,953.00 26,375.00 2,578.00 Total Other Current Liabilities 28,953.00 26,375.00 2,578.00 161,666.51 168,362.51 -6,696.00 TOTAL ASSETS LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 20001 Accounts Payable Total Accounts Payable Credit Cards 20100 Credit Cards Total Credit Cards Other Current Liabilities Total Current Liabilities Long Term Liabilities Page 11 of 12 12:53 PM 10/26/15 Accrual Basis Phoenix Medical Balance Sheet As of December 31, 2014 Dec 31, 14 Dec 31, 13 $ Change 28001 Business Loan 1,207,401.72 1,333,423.72 -126,022.00 Total Long Term Liabilities 1,207,401.72 1,333,423.72 -126,022.00 1,369,068.23 1,501,786.23 -132,718.00 1,000.00 1,000.00 0.00 Total Liabilities Equity 30100 Capital Stock 31400 Shareholder Distributions 32000 Retained Earnings Net Income Total Equity TOTAL LIABILITIES & EQUITY -400,000.00 0.00 -400,000.00 3,103,563.25 3,103,563.25 0.00 2,439,206.00 0.00 ### 5,143,769.25 3,104,563.25 ### 6,512,837.48 4,606,349.48 ### Page 12 of 12 1065 U.S. Return of Partnership Income Form Department of the Treasury Internal Revenue Service A Principal business activity For calendar year 2015, or tax year beginning B Principal product or service Type or Print C Business code number a OMB No. 1545-0123 , 2015, ending , 20 2015 . Information about Form 1065 and its separate instructions is at www.irs.gov/form1065. Name of partnership D Employer identification number Number, street, and room or suite no. If a P.O. box, see the instructions. E Date business started City or town, state or province, country, and ZIP or foreign postal code F Total assets (see the instructions) $ G H I J (1) Initial return (2) Final return (3) Name change (4) Address change (5) Technical termination - also check (1) or (2) (6) Other (specify) a Check accounting method: (1) Cash (2) Accrual (3) Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year a Check applicable boxes: Check if Schedules C and M-3 are attached . . . . . . . . . . . . . . . . . . . . . . . Amended return . . . . . Deductions (see the instructions for limitations) Income Caution. Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information. 1a b c 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16a b 17 18 19 20 21 22 Signature of general partner or limited liability company member manager Print/Type preparer's name Firm's name Preparer's signature F Paid Preparer Use Only 1c 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16c 17 18 19 20 21 22 Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than general partner or limited liability company member manager) is based on all information of which preparer has any knowledge. F Sign Here 1a Gross receipts or sales . . . . . . . . . . . . . Returns and allowances . . . . . . . . . . . . 1b Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . Cost of goods sold (attach Form 1125-A) . . . . . . . . . . . . . . . . Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . Ordinary income (loss) from other partnerships, estates, and trusts (attach statement) . . Net farm profit (loss) (attach Schedule F (Form 1040)) . . . . . . . . . . . . Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . Other income (loss) (attach statement) . . . . . . . . . . . . . . . . . Total income (loss). Combine lines 3 through 7 . . . . . . . . . . . . . . Salaries and wages (other than to partners) (less employment credits) . . . . . . . Guaranteed payments to partners . . . . . . . . . . . . . . . . . . . Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation (if required, attach Form 4562) . . . . . . 16a Less depreciation reported on Form 1125-A and elsewhere on return 16b Depletion (Do not deduct oil and gas depletion.) . . . . . . . . . . . . . Retirement plans, etc. . . . . . . . . . . . . . . . . . . . . . . . Employee benefit programs . . . . . . . . . . . . . . . . . . . . . Other deductions (attach statement) . . . . . . . . . . . . . . . . . . Total deductions. Add the amounts shown in the far right column for lines 9 through 20 . Ordinary business income (loss). Subtract line 21 from line 8 . . . . . . . . . May the IRS discuss this return with the preparer shown below (see instructions)? Yes No Date Date PTIN Firm's EIN a a Firm's address a For Paperwork Reduction Act Notice, see separate instructions. Check if self-employed Phone no. Cat. No. 11390Z Form 1065 (2015) Form 1065 (2015) Schedule B 1 a c e 2 3 a Page 2 Other Information What type of entity is filing this return? Check the applicable box: Domestic general partnership b Domestic limited partnership Domestic limited liability company d Domestic limited liability partnership Foreign partnership f Other a At any time during the tax year, was any partner in the partnership a disregarded entity, a partnership (including an entity treated as a partnership), a trust, an S corporation, an estate (other than an estate of a deceased partner), or a nominee or similar person? . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No At the end of the tax year: Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or taxexempt organization, or any foreign government own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of constructive ownership, see instructions. If \"Yes,\" attach Schedule B-1, Information on Partners Owning 50% or More of the Partnership . . . . . . . . . . . . . . . b Did any individual or estate own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of constructive ownership, see instructions. If \"Yes,\" attach Schedule B-1, Information on Partners Owning 50% or More of the Partnership . . . . . . . . . . . . . . . . . . . . 4 a At the end of the tax year, did the partnership: Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled to vote of any foreign or domestic corporation? For rules of constructive ownership, see instructions. If \"Yes,\" complete (i) through (iv) below . . . . . . . . . . . . . . . . . . . . . (i) Name of Corporation (ii) Employer Identification Number (if any) (iii) Country of Incorporation (iv) Percentage Owned in Voting Stock b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a trust? For rules of constructive ownership, see instructions. If \"Yes,\" complete (i) through (v) below . . (i) Name of Entity (ii) Employer Identification Number (if any) (iii) Type of Entity (iv) Country of Organization (v) Maximum Percentage Owned in Profit, Loss, or Capital Yes 5 No Did the partnership file Form 8893, Election of Partnership Level Tax Treatment, or an election statement under section 6231(a)(1)(B)(ii) for partnership-level tax treatment, that is in effect for this tax year? See Form 8893 for more details . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Does the partnership satisfy all four of the following conditions? a The partnership's total receipts for the tax year were less than $250,000. b The partnership's total assets at the end of the tax year were less than $1 million. c Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including extensions) for the partnership return. d The partnership is not filing and is not required to file Schedule M-3 . . . . . . . . . . . . . . . If \"Yes,\" the partnership is not required to complete Schedules L, M-1, and M-2; Item F on page 1 of Form 1065; or Item L on Schedule K-1. 7 Is this partnership a publicly traded partnership as defined in section 469(k)(2)? . . . . . . . . . . . . During the tax year, did the partnership have any debt that was cancelled, was forgiven, or had the terms 8 modified so as to reduce the principal amount of the debt? . . . . . . . . . . . . . . . . . . Has this partnership filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide 9 information on any reportable transaction? . . . . . . . . . . . . . . . . . . . . . . . . 10 At any time during calendar year 2015, did the partnership have an interest in or a signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account)? See the instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR). If \"Yes,\" enter the name of the foreign country. a Form 1065 (2015) Form 1065 (2015) Schedule B Page Yes 11 3 Other Information (continued) No At any time during the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a foreign trust? If \"Yes,\" the partnership may have to file Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts. See instructions . . . . . . . . . 12a Is the partnership making, or had it previously made (and not revoked), a section 754 election? . . . . . . See instructions for details regarding a section 754 election. b Did the partnership make for this tax year an optional basis adjustment under section 743(b) or 734(b)? If \"Yes,\" attach a statement showing the computation and allocation of the basis adjustment. See instructions . . . . c 13 14 15 16 17 Is the partnership required to adjust the basis of partnership assets under section 743(b) or 734(b) because of a substantial built-in loss (as defined under section 743(d)) or substantial basis reduction (as defined under section 734(d))? If \"Yes,\" attach a statement showing the computation and allocation of the basis adjustment. See instructions Check this box if, during the current or prior tax year, the partnership distributed any property received in a like-kind exchange or contributed such property to another entity (other than disregarded entities wholly owned by the partnership throughout the tax year) . . . . . . . . . . . . . . . . . . . a At any time during the tax year, did the partnership distribute to any partner a tenancy-in-common or other undivided interest in partnership property? . . . . . . . . . . . . . . . . . . . . . . . . If the partnership is required to file Form 8858, Information Return of U.S. Persons With Respect To Foreign Disregarded Entities, enter the number of Forms 8858 attached. See instructions a Does the partnership have any foreign partners? If \"Yes,\" enter the number of Forms 8805, Foreign Partner's Information Statement of Section 1446 Withholding Tax, filed for this partnership. a Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached to this return. a 18a Did you make any payments in 2015 that would require you to file Form(s) 1099? See instructions . . . . . b If \"Yes,\" did you or will you file required Form(s) 1099? . . . . . . . . . . . . . . . . . . . . Enter the number of Form(s) 5471, Information Return of U.S. Persons With Respect To Certain Foreign 19 Corporations, attached to this return. a 20 Enter the number of partners that are foreign governments under section 892. a Designation of Tax Matters Partner (see instructions) Enter below the general partner or member-manager designated as the tax matters partner (TMP) for the tax year of this return: Phone number of TMP F F Address of designated TMP F If the TMP is an entity, name of TMP representative Identifying number of TMP F F Name of designated TMP Form 1065 (2015) Form 1065 (2015) Schedule K 1 2 3a Income (Loss) b c 4 5 6 7 8 9a Alternative Other Information Minimum Tax (AMT) Items Foreign Transactions Credits SelfEmploy- Deductions ment b c 10 11 12 13a b c d 14a b c 15a b c d e f 16a b c d g i l m n 17a b c d e f 18a b c 19a b 20a b c Page Partners' Distributive Share Items 4 Total amount Ordinary business income (loss) (page 1, line 22) . . . . . . . . . . . . . 1 Net rental real estate income (loss) (attach Form 8825) . . . . . . . . . . . 2 Other gross rental income (loss) . . . . . . . . 3a Expenses from other rental activities (attach statement) 3b Other net rental income (loss). Subtract line 3b from line 3a . . . . . . . . . 3c Guaranteed payments . . . . . . . . . . . . . . . . . . . . . 4 Interest income . . . . . . . . . . . . . . . . . . . . . . . . 5 Dividends: 6a a Ordinary dividends . . . . . . . . . . . . . . . . . . . . . . . 6b b Qualified dividends Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Net short-term capital gain (loss) (attach Schedule D (Form 1065)) . . . . . . . 8 Net long-term capital gain (loss) (attach Schedule D (Form 1065)) . . . . . . . 9a Collectibles (28%) gain (loss) . . . . . . . . . 9b Unrecaptured section 1250 gain (attach statement) . . 9c Net section 1231 gain (loss) (attach Form 4797) . . . . . . . . . . . . . 10 Other income (loss) (see instructions) Type a 11 Section 179 deduction (attach Form 4562) . . . . . . . . . . . . . . . 12 Contributions . . . . . . . . . . . . . . . . . . . . . . . . 13a Investment interest expense . . . . . . . . . . . . . . . . . . . 13b (1) Type a Section 59(e)(2) expenditures: (2) Amount a 13c(2) Other deductions (see instructions) Type a 13d Net earnings (loss) from self-employment . . . . . . . . . . . . . . . 14a Gross farming or fishing income . . . . . . . . . . . . . . . . . . 14b Gross nonfarm income . . . . . . . . . . . . . . . . . . . . . 14c Low-income housing credit (section 42(j)(5)) . . . . . . . . . . . . . . 15a Low-income housing credit (other) . . . . . . . . . . . . . . . . . 15b Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) 15c Type a 15d Other rental real estate credits (see instructions) Type a Other rental credits (see instructions) 15e Other credits (see instructions) Type a 15f Name of country or U.S. possession a Gross income from all sources . . . . . . . . . . . . . . . . . . . 16b Gross income sourced at partner level . . . . . . . . . . . . . . . . 16c Foreign gross income sourced at partnership level e General category a f Other a 16f Passive category a Deductions allocated and apportioned at partner level h Other . . . . . . . . . . a 16h Interest expense a Deductions allocated and apportioned at partnership level to foreign source income k Other a 16k Passive category a j General category a a Total foreign taxes (check one): Paid Accrued . . . . . . . . 16l Reduction in taxes available for credit (attach statement) . . . . . . . . . . 16m Other foreign tax information (attach statement) . . . . . . . . . . . . . Post-1986 depreciation adjustment . . . . . . . . . . . . . . . . . 17a Adjusted gain or loss . . . . . . . . . . . . . . . . . . . . . . 17b Depletion (other than oil and gas) . . . . . . . . . . . . . . . . . . 17c Oil, gas, and geothermal propertiesgross income . . . . . . . . . . . . 17d Oil, gas, and geothermal propertiesdeductions . . . . . . . . . . . . . 17e Other AMT items (attach statement) . . . . . . . . . . . . . . . . . 17f Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . 18a Other tax-exempt income . . . . . . . . . . . . . . . . . . . . 18b Nondeductible expenses . . . . . . . . . . . . . . . . . . . . . 18c Distributions of cash and marketable securities . . . . . . . . . . . . . 19a Distributions of other property . . . . . . . . . . . . . . . . . . . 19b Investment income . . . . . . . . . . . . . . . . . . . . . . . 20a Investment expenses . . . . . . . . . . . . . . . . . . . . . . 20b Other items and amounts (attach statement) . . . . . . . . . . . . . . Form 1065 (2015) Form 1065 (2015) Page 5 Analysis of Net Income (Loss) Net income (loss). Combine Schedule K, lines 1 through 11. From the result, subtract the sum of Schedule K, lines 12 through 13d, and 16l . . . . . . . . . . . . . . . . . . 1 Analysis by (ii) Individual (iii) Individual (v) Exempt (i) Corporate (iv) Partnership (active) (passive) Organization partner type: 1 2 (vi) Nominee/Other a General partners b Limited partners Schedule L 1 2a b 3 4 5 6 7a b 8 9a b 10a b 11 12a b 13 14 15 16 17 18 19a b 20 21 22 Assets Cash . . . . . . . . . . . . . Trade notes and accounts receivable . . . Less allowance for bad debts . . . . . Inventories . . . . . . . . . . . U.S. government obligations . . . . . Tax-exempt securities . . . . . . . Other current assets (attach statement) . . Loans to partners (or persons related to partners) Mortgage and real estate loans . . . . Other investments (attach statement) . . . Buildings and other depreciable assets . . Less accumulated depreciation . . . . Depletable assets . . . . . . . . . Less accumulated depletion . . . . . Land (net of any amortization) . . . . . Intangible assets (amortizable only) . . . Less accumulated amortization . . . . Other assets (attach statement) . . . . Total assets . . . . . . . . . . . Liabilities and Capital Accounts payable . . . . . . . . . Other current liabilities (attach statement) All nonrecourse loans . . . . . . . Other liabilities (attach statement) . Partners' capital accounts . . . Total liabilities and capital . . . . . . (d) . . . . . . . . Reconciliation of Income (Loss) per Books With Income (Loss) per Return Note. The partnership may be required to file Schedule M-3 (see instructions). Net income (loss) per books . . . . Income recorded on books this year not included 6 Income included on Schedule K, lines 1, 2, 3c, 5, 6a, 7, 8, 9a, 10, and 11, not recorded on books this year (itemize): 3 Guaranteed payments (other than health insurance) . . . . . . . 4 Expenses recorded on books this year not included on Schedule K, lines 1 through 13d, and 16l (itemize): a Depreciation $ b Travel and entertainment $ 5 Add lines 1 through 4 . . . Schedule M-2 3 4 5 End of tax year (c) Loans from partners (or persons related to partners) Mortgages, notes, bonds payable in 1 year or more 2 1 2 Beginning of tax year (a) (b) Mortgages, notes, bonds payable in less than 1 year Schedule M-1 1 Balance Sheets per Books . . on Schedule K, lines 1 through 11 (itemize): a Tax-exempt interest $ a Deductions included on Schedule K, lines 1 through 13d, and 16l, not charged against book income this year (itemize): Depreciation $ 7 8 9 Add lines 6 and 7 . . . . . . . . Income (loss) (Analysis of Net Income (Loss), line 1). Subtract line 8 from line 5 . 6 Distributions: a Cash . . b Property . Other decreases (itemize): . . . . . . . . Add lines 6 and 7 . . . . . . Analysis of Partners' Capital Accounts Balance at beginning of year . Capital contributed: a Cash . b Property Net income (loss) per books . . Other increases (itemize): Add lines 1 through 4 . . . . . . . . . . . . . . 7 8 9 . . . Balance at end of year. Subtract line 8 from line 5 Form 1065 (2015) 651113 Final K-1 2014 Schedule K-1 (Form 1065) Department of the Treasury Internal Revenue Service Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items For calendar year 2014, or tax year beginning ending B C D F Information About the Partnership IRS Center where partnership filed return Check if this is a publicly traded partnership (PTP) Information About the Partner H Domestic partner Foreign partner I1 What type of entity is this partner? I2 If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here . . . . . . . . . . . . . . . . . . . Partner's share of profit, loss, and capital (see instructions): Beginning Ending Profit % % Loss % % Capital % % 4 Guaranteed payments 5 Interest income 6a Ordinary dividends 6b Qualified dividends 16 Foreign transactions 7 Royalties 8 Net short-term capital gain (loss) 9a Net long-term capital gain (loss) 17 Alternative minimum tax (AMT) items 9b Collectibles (28%) gain (loss) 9c Unrecaptured section 1250 gain 10 Net section 1231 gain (loss) 18 Tax-exempt income and nondeductible expenses 11 Other income (loss) 12 Section 179 deduction 19 Distributions 13 Other deductions 20 Other information Partner's share of liabilities at year end: Nonrecourse . . . . . . . $ Recourse . $ . $ Current year increase (decrease) . $ Withdrawals & distributions . . $ ( . . $ . . . . . . 14 $ Qualified nonrecourse financing . Capital contributed during the year Ending capital account . Tax basis . GAAP Self-employment earnings (loss) *See attached statement for additional information. Partner's capital account analysis: Beginning capital account . $ ) Section 704(b) book Other (explain) M Other net rental income (loss) Partner's name, address, city, state, and ZIP code Limited partner or other LLC member L 3 Partner's identifying number General partner or LLC member-manager K Net rental real estate income (loss) Credits Partnership's name, address, city, state, and ZIP code G J 2 15 Partnership's employer identification number Part II E Ordinary business income (loss) For IRS Use Only A 1 , 2014 , 20 Partner's Share of Income, Deductions, a See back of form and separate instructions. Credits, etc. Part I OMB No. 1545-0123 Amended K-1 Did the partner contribute property with a built-in gain or loss? Yes No If \"Yes,\" attach statement (see instructions) For Paperwork Reduction Act Notice, see Instructions for Form 1065. IRS.gov/form1065 Cat. No. 11394R Schedule K-1 (Form 1065) 2014 Schedule K-1 (Form 1065) 2014 Page This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 1040. For detailed reporting and filing information, see the separate Partner's Instructions for Schedule K-1 and the instructions for your income tax return. 1. Ordinary business income (loss). Determine whether the income (loss) is passive or nonpassive and enter on your return as follows. Report on See the Partner's Instructions Passive loss Passive income Schedule E, line 28, column (g) Nonpassive loss Schedule E, line 28, column (h) Nonpassive income Schedule E, line 28, column (j) 2. Net rental real estate income (loss) See the Partner's Instructions 3. Other net rental income (loss) Net income Schedule E, line 28, column (g) Net loss See the Partner's Instructions 4. Guaranteed payments Schedule E, line 28, column (j) 5. Interest income Form 1040, line 8a 6a. Ordinary dividends Form 1040, line 9a 6b. Qualified dividends Form 1040, line 9b Schedule E, line 4 7. Royalties 8. Net short-term capital gain (loss) Schedule D, line 5 Schedule D, line 12 9a. Net long-term capital gain (loss) 9b. Collectibles (28%) gain (loss) 28% Rate Gain Worksheet, line 4 (Schedule D instructions) 9c. Unrecaptured section 1250 gain See the Partner's Instructions 10. Net section 1231 gain (loss) See the Partner's Instructions 11. Other income (loss) Code A Other portfolio income (loss) See the Partner's Instructions B Involuntary conversions See the Partner's Instructions C Sec. 1256 contracts & straddles Form 6781, line 1 D Mining exploration costs recapture See Pub. 535 E Cancellation of debt Form 1040, line 21 or Form 982 F Other income (loss) See the Partner's Instructions 12. Section 179 deduction See the Partner's Instructions 13. Other deductions A Cash contributions (50%) B Cash contributions (30%) C Noncash contributions (50%) D Noncash contributions (30%) See the Partner's E Capital gain property to a 50% Instructions organization (30%) F Capital gain property (20%) G Contributions (100%) H Investment interest expense Form 4952, line 1 I Deductionsroyalty income Schedule E, line 19 J Section 59(e)(2) expenditures See the Partner's Instructions K Deductionsportfolio (2% floor) Schedule A, line 23 L Deductionsportfolio (other) Schedule A, line 28 M Amounts paid for medical insurance Schedule A, line 1 or Form 1040, line 29 N Educational assistance benefits See the Partner's Instructions O Dependent care benefits Form 2441, line 12 P Preproductive period expenses See the Partner's Instructions Q Commercial revitalization deduction See Form 8582 instructions from rental real estate activities R Pensions and IRAs See the Partner's Instructions S Reforestation expense deduction See the Partner's Instructions T Domestic production activities information See Form 8903 instructions U Qualified production activities income Form 8903, line 7b V Employer's Form W-2 wages Form 8903, line 17 W Other deductions See the Partner's Instructions 14. Self-employment earnings (loss) Note. If you have a section 179 deduction or any partner-level deductions, see the Partner's Instructions before completing Schedule SE. A Net earnings (loss) from self-employment Schedule SE, Section A or B B Gross farming or fishing income See the Partner's Instructions C Gross non-farm income See the Partner's Instructions 15. Credits A Low-income housing credit (section 42(j)(5)) from pre-2008 buildings B Low-income housing credit (other) from pre-2008 buildings C Low-income housing credit (section 42(j)(5)) from See the Partner's Instructions post-2007 buildings D Low-income housing credit (other) from post-2007 buildings E Qualified rehabilitation expenditures (rental real estate) F Other rental real estate credits G Other rental credits H Undistributed capital gains credit Form 1040, line 73; check box a I Biofuel producer credit J Work opportunity credit See the Partner's Instructions K Disabled access credit } } } 16. } Report on Code L Empowerment zone employment credit M Credit for increasing research activities See the Partner's Instructions N Credit for employer social security and Medicare taxes O Backup withholding P Other credits Foreign transactions A Name of country or U.S. possession B Gross income from all sources Form 1116, Part I C Gross income sourced at partner level Foreign gross income sourced at partnership level D Passive category E General category Form 1116, Part I F Other Deductions allocated and apportioned at partner level Form 1116, Part I G Interest expense H Other Form 1116, Part I Deductions allocated and apportioned at partnership level to foreign source income I Passive category J General category Form 1116, Part I K Other Other information L Total foreign taxes paid Form 1116, Part II M Total foreign taxes accrued Form 1116, Part II N Reduction in taxes available for credit Form 1116, line 12 Form 8873 O Foreign trading gross receipts P Extraterritorial income exclusion Form 8873 Q Other foreign transactions See the Partner's Instructions Alternative minimum tax (AMT) items A Post-1986 depreciation adjustment See the Partner's B Adjusted gain or loss C Depletion (other than oil & gas) Instructions and D Oil, gas, & geothermalgross income the Instructions for E Oil, gas, & geothermaldeductions Form 6251 F Other AMT items Tax-exempt income and nondeductible expenses A Tax-exempt interest income Form 1040, line 8b B Other tax-exempt income See the Partner's Instructions C Nondeductible expenses See the Partner's Instructions Distributions A Cash and marketable securities B Distribution subject to section 737 See the Partner's Instructions C Other property Other information A Investment income Form 4952, line 4a B Investment expenses Form 4952, line 5 Form 4136 C Fuel tax credit information D Qualified rehabilitation expenditures See the Partner's Instructions (other than rental real estate) E Basis of energy property See the Partner's Instructions F Recapture of low-income housing Form 8611, line 8 credit (section 42(j)(5)) G Recapture of low-income housing Form 8611, line 8 credit (other) H Recapture of investment credit See Form 4255 I Recapture of other credits See the Partner's Instructions J Look-back interestcompleted long-term contracts See Form 8697 K Look-back interestincome forecast method See Form 8866 L Dispositions of property with section 179 deductions M Recapture of section 179 deduction N Interest expense for corporate partners O Section 453(l)(3) information P Section 453A(c) information Q Section 1260(b) information R Interest allocable to production See the Partner's expenditures Instructions S CCF nonqualified withdrawals T Depletion informationoil and gas U Reserved V Unrelated business taxable income W Precontribution gain (loss) X Section 108(i) information Y Net investment income Z Other information } } } 17. 18. 19. 20. } } } 2 651113 Final K-1 2014 Schedule K-1 (Form 1065) Department of the Treasury Internal Revenue Service Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items For calendar year 2014, or tax year beginning ending B C D F Information About the Partnership IRS Center where partnership filed return Check if this is a publicly traded partnership (PTP) Information About the Partner H Domestic partner Foreign partner I1 What type of entity is this partner? I2 If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here . . . . . . . . . . . . . . . . . . . Partner's share of profit, loss, and capital (see instructions): Beginning Ending Profit % % Loss % % Capital % % 4 Guaranteed payments 5 Interest income 6a Ordinary dividends 6b Qualified dividends 16 Foreign transactions 7 Royalties 8 Net short-term capital gain (loss) 9a Net long-term capital gain (loss) 17 Alternative minimum tax (AMT) items 9b Collectibles (28%) gain (loss) 9c Unrecaptured section 1250 gain 10 Net section 1231 gain (loss) 18 Tax-exempt income and nondeductible expenses 11 Other income (loss) 12 Section 179 deduction 19 Distributions 13 Other deductions 20 Other information Partner's share of liabilities at year end: Nonrecourse . . . . . . . $ Recourse . $ . $ Current year increase (decrease) . $ Withdrawals & distributions . . $ ( . . $ . . . . . . 14 $ Qualified nonrecourse financing . Capital contributed during the year Ending capital account . Tax basis . GAAP Self-employment earnings (loss) *See attached statement for additional information. Partner's capital account analysis: Beginning capital account . $ ) Section 704(b) book Other (explain) M Other net rental income (loss) Partner's name, address, city, state, and ZIP code Limited partner or other LLC member L 3 Partner's identifying number General partner or LLC member-manager K Net rental real estate income (loss) Credits Partnership's name, address, city, state, and ZIP code G J 2 15 Partnership's employer identification number Part II E Ordinary business income (loss) For IRS Use Only A 1 , 2014 , 20 Partner's Share of Income, Deductions, a See back of form and separate instructions. Credits, etc. Part I OMB No. 1545-0123 Amended K-1 Did the partner contribute property with a built-in gain or loss? Yes No If \"Yes,\" attach statement (see instructions) For Paperwork Reduction Act Notice, see Instructions for Form 1065. IRS.gov/form1065 Cat. No. 11394R Schedule K-1 (Form 1065) 2014 Schedule K-1 (Form 1065) 2014 Page This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 1040. For detailed reporting and filing information, see the separate Partner's Instructions for Schedule K-1 and the instructions for your income tax return. 1. Ordinary business income (loss). Determine whether the income (loss) is passive or nonpassive and enter on your return as follows. Report on See the Partner's Instructions Passive loss Passive income Schedule E, line 28, column (g) Nonpassive loss Schedule E, line 28, column (h) Nonpassive income Schedule E, line 28, column (j) 2. Net rental real estate income (loss) See the Partner's Instructions 3. Other net rental income (loss) Net income Schedule E, line 28, column (g) Net loss See the Partner's Instructions 4. Guaranteed payments Schedule E, line 28, column (j) 5. Interest income Form 1040, line 8a 6a. Ordinary dividends Form 1040, line 9a 6b. Qualified dividends Form 1040, line 9b Schedule E, line 4 7. Royalties 8. Net short-term capital gain (loss) Schedule D, line 5 Schedule D, line 12 9a. Net long-term capital gain (loss) 9b. Collectibles (28%) gain (loss) 28% Rate Gain Worksheet, line 4 (Schedule D instructions) 9c. Unrecaptured section 1250 gain See the Partner's Instructions 10. Net section 1231 gain (loss) See the Partner's Instructions 11. Other income (loss) Code A Other portfolio income (loss) See the Partner's Instructions B Involuntary conversions See the Partner's Instructions C Sec. 1256 contracts & straddles Form 6781, line 1 D Mining exploration costs recapture See Pub. 535 E Cancellation of debt Form 1040, line 21 or Form 982 F Other income (loss) See the Partner's Instructions 12. Section 179 deduction See the Partner's Instructions 13. Other deductions A Cash contributions (50%) B Cash contributions (30%) C Noncash contributions (50%) D Noncash contributions (30%) See the Partner's E Capital gain property to a 50% Instructions organization (30%) F Capital gain property (20%) G Contributions (100%) H Investment interest expense Form 4952, line 1 I Deductionsroyalty income Schedule E, line 19 J Section 59(e)(2) expenditures See the Partner's Instructions K Deductionsportfolio (2% floor) Schedule A, line 23 L Deductionsportfolio (other) Schedule A, line 28 M Amounts paid for medical insurance Schedule A, line 1 or Form 1040, line 29 N Educational assistance benefits See the Partner's Instructions O Dependent care benefits Form 2441, line 12 P Preproductive period expenses See the Partner's Instructions Q Commercial revitalization deduction See Form 8582 instructions from rental real estate activities R Pensions and IRAs See the Partner's Instructions S Reforestation expense deduction See the Partner's Instructions T Domestic production activities information See Form 8903 instructions U Qualified production activities income Form 8903, line 7b V Employer's Form W-2 wages Form 8903, line 17 W Other deductions See the Partner's Instructions 14. Self-employment earnings (loss) Note. If you have a section 179 deduction or any partner-level deductions, see the Partner's Instructions before completing Schedule SE. A Net earnings (loss) from self-employment Schedule SE, Section A or B B Gross farming or fishing income See the Partner's Instructions C Gross non-farm income See the Partner's Instructions 15. Credits A Low-income housing credit (section 42(j)(5)) from pre-2008 buildings B Low-income housing credit (other) from pre-2008 buildings C Low-income housing credit (section 42(j)(5)) from See the Partner's Instructions post-2007 buildings D Low-income housing credit (other) from post-2007 buildings E Qualified rehabilitation expenditures (rental real estate) F Other rental real estate credits G Other rental credits H Undistributed capital gains credit Form 1040, line 73; check box a I Biofuel producer credit J Work opportunity credit See the Partner's Instructions K Disabled access credit } } } 16. } Report on Code L Empowerment zone employment credit M Credit for increasing research activities See the Partner's Instructions N Credit for employer social security and Medicare taxes O Backup withholding P Other credits Foreign transactions A Name of country or U.S. possession B Gross income from all sources Form 1116, Part I C Gross income sourced at partner level Foreign gross income sourced at partnership level D Passive category E General category Form 1116, Part I F Other Deductions allocated and apportioned at partner level Form 1116, Part I G Interest expense H Other Form 1116, Part I Deductions allocated and apportioned at partnership level to foreign source income I Passive category J General category Form 1116, Part I K Other Other information L Total foreign taxes paid Form 1116, Part II M Total foreign taxes accrued Form 1116, Part II N Reduction in taxes available for credit Form 1116, line 12 Form 8873 O Foreign trading gross receipts P Extraterritorial income exclusion Form 8873 Q Other foreign transactions See the Partner's Instructions Alternative minimum tax (AMT) items A Post-1986 depreciation adjustment See the Partner's B Adjusted gain or loss C Depletion (other than oil & gas) Instructions and D Oil, gas, & geothermalgross income the Instructions for E Oil, gas, & geothermaldeductions Form 6251 F Other AMT items Tax-exempt income and nondeductible expenses A Tax-exempt interest income Form 1040, line 8b B Other tax-exempt income See the Partner's Instructions C Nondeductible expenses See the Partner's Instructions Distributions A Cash and marketable securities B Distribution subject to section 737 See the Partner's Instructions C Other property Other information A Investment income Form 4952, line 4a B Investment expenses Form 4952, line 5 Form 4136 C Fuel tax credit information D Qualified rehabilitation expenditures See the Partner's Instructions (other than rental real estate) E Basis of energy property See the Partner's Instructions F Recapture of low-income housing Form 8611, line 8 credit (section 42(j)(5)) G Recapture of low-income housing Form 8611, line 8 credit (other) H Recapture of investment credit See Form 4255 I Recapture of other credits See the Partner's Instructions J Look-back interestcompleted long-term contracts See Form 8697 K Look-back interestincome forecast method See Form 8866 L Dispositions of property with section 179 deductions M Recapture of section 179 deduction N Interest expense for corporate partners O Section 453(l)(3) information P Section 453A(c) information Q Section 1260(b) information R Interest allocable to production See the Partner's expenditures Instructions S CCF nonqualified withdrawals T Depletion informationoil and gas U Reserved V Unrelated business taxable income W Precontribution gain (loss) X Section 108(i) information Y Net investment income Z Other information } } } 17. 18. 19. 20. } } } 2