U.S. Return of Partnership Income

Transcription

1 U.S. Return of Partnership Income Form 1065 For calendar year 2017, or tax year beginning, 2017, OMB No Department of the Treasury ending, 20 Internal Revenue Service G Go to for instructions and the latest information. A Principal business activity Service B Principal product or service Buckeye Consulting, LLC E Type or 2015 National Champions Dr Consulting 1/01/2016 Print Buckeye, AZ C Business code number F D Employer identification no. Date business started Total assets (see the instrs) $ 1,000,000. G Check applicable boxes: (1) Initial return (2) Final return (3) Name change (4) Address change (5) Amended return (6) Technical termination ' also check (1) or (2) H Check accounting method: (1) Cash (2) Accrual (3) Other (specify) G I Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year G 2 J Check if Schedules C and M-3 are attached Caution. Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information. D I N 1 a Gross receipts or sales a b Returns and allowances c Balance. Subtract line 1b from line 1a c 2 Cost of goods sold (attach Form 1125-A) Gross profit. Subtract line 2 from line 1c C 4 Ordinary income (loss) from other partnerships, estates, and trusts O M (attach statement) E 5 Net farm profit (loss) (attach Schedule F (Form 1040)) Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) S E E I N S T R S Other income (loss) 7 (attach statement) Total income (loss). Combine lines 3 through Salaries and wages (other than to partners) (less employment credits) Guaranteed payments to partners Repairs and maintenance Bad debts Rent E 14 Taxes and licenses D U 15 Interest C F T O 16a Depreciation (if required, attach Form 4562) a 13,760. I R O b Less depreciation reported on Form 1125-A and elsewhere on return b 16c N L 17 Depletion (Do not deduct oil and gas depletion.) S I M 18 Retirement plans, etc I T 19 Employee benefit programs A T I 20 Other deductions (attach statement) See Statement O NS 1 b 1,400,000. 1,400,000. 1,400,000. 1,400, , ,000. 4, , ,230. 2, , , ,810. Sign Here Paid Preparer Use Only 21 Total deductions. Add the amounts shown in the far right column for lines 9 through Ordinary business income (loss). Subtract line 21 from line 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 partner or limited liability company member) is based on all information of which preparer has any knowledge. A Signature of partner or limited liability company member Print/Type preparer's name Preparer's signature Date Check if PTIN Firm's name G Firm's address G Self-Prepared BAA For Paperwork Reduction Act Notice, see separate instructions. A Date self-employed Firm's EIN Phone no. G 715, ,800. May the IRS discuss this return with the preparer shown below (see instrs)? Yes No PTPA0105L 08/22/17 Form 1065 (2017)

2 Form 1065 (2017) Schedule B Buckeye Consulting, LLC Other Information Page 2 1 What type of entity is filing this return? Check the applicable box: Yes No a Domestic general partnership b Domestic limited partnership c Domestic limited liability company d Domestic limited liability partnership e Foreign partnership f Other G At any time during the tax year, was any partner in the partnership a disregarded entity, a partnership (including an entity 2 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? At the end of the tax year: a Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax-exempt 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 At the end of the tax year, did the partnership: a 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 (iii) Country of (iv) Percentage Identification Number (if any) Incorporation 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 (iii) Type of (iv) Country of (v) Maximum Identification Entity Organization Percentage Number (if any) Owned in Profit, Loss, or Capital Yes No Did the partnership file Form 8893, Election of Partnership Level Tax Treatment, or an election statement under section (a)(1)(B)(ii) for partnership-level tax treatment, that is in effect for this tax year? See Form 8893 for more details 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 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 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 information on any reportable transaction? At any time during calendar year 2017, 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. G PTPA0112L 08/22/17 Form 1065 (2017)

3 Form 1065 (2017) Buckeye Consulting, LLC Page 3 Schedule B Other Information (continued) Yes 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 11 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 a 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 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 13 exchange or contributed such property to another entity (other than disregarded entities wholly owned by the G partnership throughout the tax year) At any time during the tax year, did the partnership distribute to any partner a tenancy-in-common or other undivided interest 14 in partnership property? If the partnership is required to file Form 8858, Information Return of U.S. Persons With Respect To Foreign Disregarded 15 Entities, enter the number of Forms 8858 attached. See instructions G Does the partnership have any foreign partners? If 'Yes,' enter the number of Forms 8805, Foreign Partner's Information 16 Statement of Section 1446 Withholding Tax, filed for this partnership. G 17 Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached to this return. G 18 a Did you make any payments in 2017 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 Corporations, attached to this return. G 20 Enter the number of partners that are foreign governments under section 892. G0 21 During the partnership's tax year, did the partnership make any payments that would require it to file Form 1042 and 1042-S under chapter 3 (sections 1441 through 1464) or chapter 4 (sections 1471 through 1474)? Was the partnership a specified domestic entity required to file Form 8938 for the tax year (See the Instructions for Form 8938)? 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: Name of Identifying designated TMP A number of TMP Archie Schlister A If the TMP is an entity, name of Phone number TMP representative A of TMP A Address of designated TMP A 1234 Mirror Lake Rd Buckeye, AZ PTPA0112L 08/22/17 Form 1065 (2017)

4 Form 1065 (2017) Buckeye Consulting, LLC Page 4 Schedule K Partners' Distributive Share Items Total amount 1 Ordinary business income (loss) (page 1, line 22) , Net rental real estate income (loss) (attach Form 8825) , a Other gross rental income (loss) a b Expenses from other rental activities (attach stmt) b c Other net rental income (loss). Subtract line 3b from line 3a c 4 Guaranteed payments Interest income Income 6 Dividends: a Ordinary dividends a (Loss) b Qualified dividends b 5, Royalties Net short-term capital gain (loss) (attach Schedule D (Form 1065)) a Net long-term capital gain (loss) (attach Schedule D (Form 1065)) a b Collectibles (28%) gain (loss) b c Unrecaptured section 1250 gain (attach statement) Net section 1231 gain (loss) (attach Form 4797) Other income (loss) (see instructions) Type G Section 179 deduction (attach Form 4562) a Contributions See Statement a b Investment interest expense b c Section 59(e)(2) expenditures: (1) Type G (2) Amount G 13c (2) Credits 15 a Low-income housing credit (section 42(j)(5)) a b Low-income housing credit (other) b c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) c d Other rental real estate credits (see instructions) Type G 15d e Other rental credits (see instructions) Type G 15e f Other credits (see instructions) Type G 15f 16 a Name of country or U.S. possession... G b Gross income from all sources b c Gross income sourced at partner level c Foreign gross income sourced at partnership level Deductions d Other deductions (see instructions) Type G See Statement 3 13d Self- 14 a Net earnings (loss) from self-employment a Employ- b Gross farming or fishing income b ment c Gross nonfarm income c d Passive category G e General category G f Other G 16 f Foreign Transactions g Interest expense G h Other G Deductions allocated and apportioned at partner level 16h Deductions allocated and apportioned at partnership level to foreign source income i Passive category G j General category G k Other G 16 k l Total foreign taxes (check one): G Paid Accrued 16l m Reduction in taxes available for credit (attach statement) m n Other foreign tax information (attach statement) a Post-1986 depreciation adjustment a 2,170. b Adjusted gain or loss b Alternative c Depletion (other than oil and gas) c Minimum Tax (AMT) d Oil, gas, and geothermal properties ' gross income d Items e Oil, gas, and geothermal properties ' deductions e f Other AMT items (attach stmt) f 18 a Tax-exempt interest income a 1,000. b Other tax-exempt income b Other Information c Nondeductible expenses c 28, a Distributions of cash and marketable securities a 400,000. b Distributions of other property b 20 a Investment income a 6,800. b Investment expenses b c Other items and amounts (attach stmt) See Statement BAA Form 1065 (2017) 9c 220,000. 1,800. 5,000. 9, , , ,800. PTPA0134L 08/22/17

5 Form 1065 (2017) Buckeye Consulting, LLC Page 5 Analysis of Net Income (Loss) 1 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 Analysis by (i) Corporate (ii) Individual (iii) Individual (iv) Partnership (v) Exempt partner type: (active) (passive) Organization a General partners.... Limited (vi) Nominee/Other b partners ,000. Schedule L Balance Sheets per Books Beginning of tax year End of tax year Assets (a) (b) (c) (d) 1 Cash , , a Trade notes and accounts receivable , ,000. b Less allowance for bad debts , , Inventories U.S. government obligations Tax-exempt securities Other current assets (attach stmt) a Loans to partners (or persons related to partners) ,000. b Mortgage and real estate loans Other investments (attach stmt) See St , , a Buildings and other depreciable assets b Less accumulated depreciation a Depletable assets b Less accumulated depletion , , , , , , Land (net of any amortization) a Intangible assets (amortizable only) b Less accumulated amortization Other assets (attach stmt) Total assets Liabilities and Capital 15 Accounts payable Mortgages, notes, bonds payable in less than 1 year Other current liabilities (attach stmt)... See St All nonrecourse loans , , ,000. 4,500. 4, , , ,200. 1,000,000. 4, , , , , , a Loans from partners (or persons related to partners).... b Mortgages, notes, bonds payable in 1 year or more , , Other liabilities (attach stmt) Partners' capital accounts , , Total liabilities and capital ,200. 1,000,000. Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return Note. The partnership may be required to file Schedule M-3 (see instructions). 1 Net income (loss) per books , Income recorded on books this year not 2 Income included on Schedule K, lines 1, included on Schedule K, lines 1 through 2, 3c, 5, 6a, 7, 8, 9a, 10, and 11, not 11 (itemize): recorded on books this year (itemize): a Tax-exempt interest... $ 1,000. Statement 8 10, , Deductions included on Schedule K, lines 1 through 3 Guaranteed pmts (other than health insurance) , d, and 16l, not charged against book income this 4 Expenses recorded on books this year not included year (itemize): a Depreciation..... (itemize): $ a Depreciation $ b Travel and entertainment $ 13, Add lines 6 and ,000. Statement 7 15, , Income (loss) (Analysis of Net Income (Loss), line 1). 5 Add lines 1 through ,000. Subtract line 8 from line ,000. Schedule M-2 Analysis of Partners' Capital Accounts 1 Balance at beginning of year , Distributions: a Cash , Capital contributed: a Cash b Property b Property Other decreases (itemize): 3 Net income (loss) per books , Other increases (itemize): 8 Add lines 6 and , Add lines 1 through , Balance at end of year. Subtract line 8 from line ,470. PTPA0134L 08/22/17 Form 1065 (2017)

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7 Rental Real Estate Income and Expenses of a Form 8825 OMB No Partnership or an S Corporation (Rev. September 2017) Department of the Treasury Internal Revenue Service Name G Attach to Form 1065, Form 1065-B, or Form 1120S. G Go to for the latest information. Employer identification number Buckeye Consulting, LLC Show the type and address of each property. For each rental real estate property listed, report the number of days rented at fair rental value and days with personal use. See instructions. See page 2 to list additional properties. A B Physical address of each property ' street, city, state, Type ' Enter code 1'8; Fair Rental Personal ZIP code see page 2 for list Days Use Days 1111 Big Ten Ln Buckeye, AZ C D Properties Rental Real Estate Income A B C D 2 Gross rents Rental Real Estate Expenses 2 3 Advertising Auto and travel Cleaning and maintenance Commissions Insurance Legal and other professional fees Interest Repairs Taxes Utilities Wages and salaries Depreciation (see instructions) Other (list) G 72, , , , Total expenses for each property. Add lines 3 through , Income or (loss) from each property. Subtract line 16 from line , a Total gross rents. Add gross rents from line 2, columns A through H a b Total expenses. Add total expenses from line 16, columns A through H b 19 Net gain (loss) from Form 4797, Part II, line 17, from the disposition of property from rental real estate activities a Net income (loss) from rental real estate activities from partnerships, estates, and trusts in which this partnership or S corporation is a partner or beneficiary (from Schedule K-1) b Identify below the partnerships, estates, or trusts from which net income (loss) is shown on line 20a. Attach a schedule if more space is needed. (1) Name (2) Employer identification number a 72, , Net rental estate income (loss). Combine lines 18a through 20a. Enter the result here and on: 21? Form 1065 or 1120S: Schedule K, line 2; or? Form 1065-B: Part I, line 4 BAA For Paperwork Reduction Act Notice, see instructions. 12,000. SPSZ0101L 09/28/17 Form 8825 (Rev )

8 Form 8825 (Rev ) Buckeye Consulting, LLC Show the type and address of each property. For each rental real estate property listed, report the number of days at fair rental value and days with personal use. See instructions. E Page 2 Physical address of each property ' street, city, Type ' Enter code 1'8; Fair Rental Personal state, ZIP code see below for list Days Use Days F G H Properties Rental Real Estate Income E F G H 2 Gross rents Rental Real Estate Expenses 3 Advertising Auto and travel Cleaning and maintenance Commissions Insurance Legal and other professional fees Interest Repairs Taxes Utilities Wages and salaries Depreciation (see instructions) Other (list) G Total expenses for each property. Add lines 3 through Income or (loss) from each property. Subtract line 16 from line Allowable Codes for Type of Property 1 ' Single Family Residence 2 ' Multi-Family Residence 3 ' Vacation or Short-Term Rental 4 ' Commercial 5 ' Land 6 ' Royalties 7 ' Self-Rental 8 ' Other (include description with the code on Form 8825 or on a separate statement) 17 BAA SPSZ0102L 09/28/17 Form 8825 (Rev )

9 SCHEDULE B-1 Information on Partners Owning 50% or (Form 1065) More of the Partnership (Rev. September 2017) OMB No Department of the Treasury Internal Revenue Service Name of partnership Buckeye Consulting, LLC Part I G Attach to Form G Go to for the latest information. Employer identification number (EIN) Entities Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 3a) Complete columns (i) through (v) below for any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, tax-exempt organization, or any foreign government that owns, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership (see instructions). (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 Part II Individuals or Estates Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 3b) Complete columns (i) through (iv) below for any individual or estate that owns, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership (see instructions). (i) Name of Individual or Estate (ii) Identifying Number (if any) (iii) Country of Citizenship (see instructions) (iv) Maximum Percentage Owned in Profit, Loss, or Capital Archie Schlister -- United States Brutus Buckeye YYY-YY-YYYY United States BAA For Paperwork Reduction Act Notice, see the Instructions for Form Schedule B-1 (Form 1065) (Rev ) PTPA1301L 08/09/17

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11 SCHEDULE D (Form 1065) Department of the Treasury Internal Revenue Service Name of partnership Capital Gains and Losses G Attach to Form 1065 or Form G Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10. G Go to for instructions and the latest information. OMB No Employer identification number Buckeye Consulting, LLC Part I Short-Term Capital Gains and Losses ' Assets Held One Year or Less See instructions for how to figure the amounts to (g) Adjustments to (h) Gain or (loss) enter on the lines below. (d) Proceeds (e) Cost gain or loss from Subtract column (e) from (sales price) (or other basis) Form(s) 8949, Part I, column (d) and combine the This form may be easier to complete if you round line 2, column (g) result with column (g) off cents to whole dollars. 1a Totals for all short-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1b b Totals for all transactions reported on Form(s) 8949 with Box A checked Totals for all transactions reported on Form(s) 8949 with Box B checked Totals for all transactions reported on Form(s) 8949 with Box C checked Short-term capital gain from installment sales from Form 6252, line 26 or Short-term capital gain or (loss) from like-kind exchanges from Form Partnership's share of net short-term capital gain (loss), including specially allocated short-term capital gains (losses), from other partnerships, estates, and trusts Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). Enter here and on Form 1065, Schedule K, line 8 or 11; or Form 8865, Schedule K, line 8 or Part II Long-Term Capital Gains and Losses ' Assets Held More Than One Year See instructions for how to figure the amounts to (g) Adjustments to (h) Gain or (loss) enter on the lines below. (d) Proceeds (e) Cost gain or loss from Subtract column (e) from (sales price) (or other basis) Form(s) 8949, Part II, column (d) and combine the This form may be easier to complete if you round line 2, column (g) result with column (g) off cents to whole dollars. 8a Totals for all long-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b b Totals for all transactions reported on Form(s) 8949 with Box D checked Totals for all transactions reported on Form(s) 8949 with Box E checked Totals for all transactions reported on Form(s) 8949 with Box F checked , ,000. 9, Long-term capital gain from installment sales from Form 6252, line 26 or Long-term capital gain or (loss) from like-kind exchanges from Form Partnership's share of net long-term capital gain (loss), including specially allocated long-term capital gains (losses), from other partnerships, estates, and trusts Capital gain distributions (see instructions) Net long-term capital gain or (loss). Combine lines 8a through 14 in column (h). Enter here and on Form 1065, Schedule K, line 9a or 11; or Form 8865, Schedule K, line 9a or ,000. BAA For Paperwork Reduction Act Notice, see the Instructions for Form Schedule D (Form 1065) 2017 PTPA0201L 08/08/17

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13 Schedule K-1 Final K-1 Amended K-1 OMB No (Form 1065) 2017 Department of the Treasury Part III Partner's Share of Current Year Income, Internal Revenue Service For calendar year 2017, or tax Deductions, Credits, and Other Items 1 Ordinary business income (loss) 15 Credits beginning / / 2017 ending / / 342, Net rental real estate income (loss) Partner's Share of Income, Deductions, * 6,000. Credits, etc. G See separate instructions. 3 Other net rental income (loss) 16 Foreign transactions Part I Information About the Partnership 4 Guaranteed payments A Partnership's employer identification number 111, Interest income B Partnership's name, address, city, state, and ZIP code a Ordinary dividends Buckeye Consulting, LLC 2, National Champions Dr 6 b Qualified dividends Buckeye, AZ ,500. C IRS Center where partnership filed return 7 Royalties e-file D Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) Part II Information About the Partner E Partner's identifying number -- F Partner's name, address, city, state, and ZIP code 9 a Net long-term capital gain (loss) 17 Alternative minimum tax (AMT) items 4,500. A 1, b Collectibles (28%) gain (loss) 9 c Unrecaptured section 1250 gain G H I1 I2 What type of entity is this partner? Individual If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here Section 179 deduction 19 Distributions A 200,000. J Partner's share of profit, loss, and capital (see instructions): Beginning Ending 13 Other deductions Profit % % 20 Other information A 12,500. Loss 50 % 50 % Capital 50 % 50 % H 300. A 3,400. K Partner's share of liabilities at year end: Nonrecourse $ M 6,000. L* STMT 51, Self-employment earnings (loss) Qualified nonrecourse financing $ Recourse $ A 453,400. Y* STMT 171,000. L Archie Schlister 10 Net section 1231 gain (loss) 18 Tax-exempt income and 1234 Mirror Lake Rd nondeductible expenses Buckeye, AZ Other income (loss) A 500. General partner or LLC Limited partner or other member-manager LLC member Domestic partner Foreign partner C 14,000. Partner's capital account analysis: Beginning capital account $ Capital contributed during the year..... $ Current year increase (decrease) $ Withdrawals & distributions $ Ending capital account $ Tax basis GAAP Section 704(b) book U S Other (explain) E Did the partner contribute property with a built-in gain or loss? M O N Yes No L If 'Yes', attach statement (see instructions) Y BAA For Paperwork Reduction Act Notice, see Instructions for Form Partner 1 132, ,000. ( 200,000.) 272,235. *See attached statement for additional information. F O R I R S Schedule K-1 (Form 1065) 2017 PTPA0312L 08/17/17

14 Schedule K-1 (Form 1065) 2017 Buckeye Consulting, LLC Page 2 This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 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 Code Report on or nonpassive and enter on your return as follows. Report on L Empowerment zone employment credit Passive loss Credit for increasing research activities Passive income Schedule E, line 28, column (g) N Credit for employer social security and Nonpassive loss Medicare taxes Nonpassive income Schedule E, line 28, column (j) O Backup withholding Net rental real estate income (loss) P Other credits Other net rental income (loss) Foreign transactions Net income Schedule E, line 28, column (g) Name of country or U.S. possession M See the Partner's Instructions A Net loss B Gross income from all sources Form 1116, Part I 4 Guaranteed payments Schedule E, line 28, column (j) C Gross income sourced at partner level 5 Interest income Form 1040, line 8a Foreign gross income sourced at partnership level 6 a Ordinary dividends Form 1040, line 9a D Passive category 6 b Qualified dividends Form 1040, line 9b E General category Form 1116, Part I 7 Royalties Schedule E, line 4 F Other 8 Net short-term capital gain (loss) Schedule D, line 5 Deductions allocated and apportioned at partner level 9 a Net long-term capital gain (loss) Schedule D, line 12 G Interest expense Form 1116, Part I 9 b Collectibles (28%) gain (loss) 28% Rate Gain Worksheet, line H Other Form 1116, Part I 4 (Schedule D Instructions) 9 c Deductions allocated and apportioned at partnership level to Unrecaptured section 1250 gain foreign source income 10 Net section 1231 gain (loss) I Passive category 11 Other income (loss) J General category Form 1116, Part I Code K Other A Other portfolio income (loss) Other information B Involuntary conversions L Total foreign taxes paid Form 1116, Part II C Sec contracts & straddles Form 6781, line 1 M Total foreign taxes accrued Form 1116, Part II D Mining exploration costs recapture See Pub. 535 N Reduction in taxes available for credit Form 1116, line 12 E Cancellation of debt Form 1040, line 21 or Form 982 O Foreign trading gross receipts Form 8873 F Other income (loss) P Extraterritorial income exclusion Form Q Other deductions 17 Alternative minimum tax (AMT) items A (50%) Cash contributions A Post-1986 depreciation adjustment B Cash contributions (30%) B Adjusted gain or loss C Noncash contributions (50%) See the Partner's See the Partner's C Depletion (other than oil & gas) Instructions and D Noncash contributions (30%) Instructions D Oil, gas, & geothermal ' gross income the Instructions for E Capital gain property to a 50% E Oil, gas, & geothermal ' deductions Form 6251 organization (30%) F Other AMT items F Capital gain property (20%) 18 Tax-exempt income and nondeductible expenses G Contributions (100%) A Tax-exempt interest income Form 1040, line 8b Investment interest expense Form 4952, line 1 B Deductions ' royalty income Schedule E, line 19 C J Section 59(e)(2) expenditures 19 Distributions K Deductions ' portfolio (2% floor) Schedule A, line 23 A Cash and marketable securities L Deductions ' portfolio (other) Schedule A, line 28 B Distribution subject to section 737 See the Partner's M Amounts paid for medical insurance Schedule A, line 1 or Form 1040, line 29 Instructions C Other property N Educational assistance benefits 20 Other information O Dependent care benefits Form 2441, line 12 A Investment income Form 4952, line 4a P Preproductive period expenses B Investment expenses Form 4952, line 5 Q Commercial revitalization deduction from See Form 8582 Instructions C Fuel tax credit information Form 4136 rental real estate activities D Qualified rehabilitation expenditures (other R Pensions and IRAs than rental real estate) Reforestation expense deduction E T Domestic production activities information See Form 8903 Instructions F Recapture of low-income housing credit U Qualified production activities income Form 8903, line 7b (section 42(j)(5)) Form 8611, line 8 V Employer's Form W-2 wages Form 8903, line 17 G Recapture of low-income housing credit (other) Form 8611, line 8 W Other deductions H Recapture of investment credit See Form Self-employment earnings (loss) I Recapture of other credits J Look-back interest ' completed 12 Section 179 deduction Other foreign transactions H Other tax-exempt income I Nondeductible expenses S Basis of energy property B C Note. If you have a section 179 deduction or any partner-level deductions, see the long-term contracts Partner's Instructions before completing Schedule SE. See Form 8697 K Look-back interest ' income A Net earnings (loss) from self-employment Schedule SE, Section A or B forecast method See Form 8866 Gross farming or fishing income L Dispositions of property with section 179 deductions 15 Gross non-farm income Credits M Recapture of section 179 deduction A Low-income housing credit (section 42(j)(5)) N Interest expense for corporate partners from pre-2008 buildings O Section 453(l)(3) information B Low-income housing credit (other) from pre-2008 buildings P Section 453A(c) information C Low-income housing credit (section 42(j)(5)) Q Section 1260(b) information from post-2007 buildings R Interest allocable to production expenditures D Low-income housing credit (other) from S CCF nonqualified withdrawals post-2007 buildings Qualified rehabilitation expenditures (rental T Depletion information ' oil and gas E real estate) U Reserved F Other rental real estate credits V Unrelated business taxable income G Other rental credits W Precontribution gain (loss) H Undistributed capital gains credit Form 1040, line 73; check box a Section 108(i) information I Biofuel producer credit Y Net investment income J Work opportunity credit Z Other information Disabled access credit K Partner 1: Archie Schlister -- See the Partner's Instructions PTPA0312L 08/17/17 Schedule K-1(Form 1065) 2017

15 Buckeye Consulting, LLC Schedule K-1 (Form 1065) 2017 Box 2 Rental Real Estate Activities Supplemental Information 3 Page Gross Net Net Passive Sec Property Type and Address Income Expenses Income Nonpass Total Type: 4 - Commercial 1111 Big Ten Ln Buckeye, AZ , ,000. $ 6,000. Passive Total $ 6,000. Box 20 Other Information * Descriptive Information Y Line 2: IRC 212 rental real estate $ 6,000. Box 20, Code L Disposition of Assets with Prior Section 179 Expense Asset Description Furniture Tax Year(s) Passed Through Date Acquired /01/2014 Date Sold /24/2017 Sales Price ,000. Cost or other basis plus expense of sale ,000. Depreciation allowed or allowable Section 179 expense deduction previously reported ,000. Partner 1: Archie Schlister -- SPSL1201L 07/06/17

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17 Schedule K-1 Final K-1 Amended K-1 OMB No (Form 1065) 2017 Department of the Treasury Part III Partner's Share of Current Year Income, Internal Revenue Service For calendar year 2017, or tax Deductions, Credits, and Other Items 1 Ordinary business income (loss) 15 Credits beginning / / 2017 ending / / 342, Net rental real estate income (loss) Partner's Share of Income, Deductions, * 6,000. Credits, etc. G See separate instructions. 3 Other net rental income (loss) 16 Foreign transactions Part I Information About the Partnership 4 Guaranteed payments A Partnership's employer identification number 109, Interest income B Partnership's name, address, city, state, and ZIP code a Ordinary dividends Buckeye Consulting, LLC 2, National Champions Dr 6 b Qualified dividends Buckeye, AZ ,500. C IRS Center where partnership filed return 7 Royalties e-file D Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) Part II Information About the Partner E Partner's identifying number YYY-YY-YYYY F Partner's name, address, city, state, and ZIP code 9 a Net long-term capital gain (loss) 17 Alternative minimum tax (AMT) items 4,500. A 1, b Collectibles (28%) gain (loss) 9 c Unrecaptured section 1250 gain G H I1 I2 What type of entity is this partner? Individual If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here Section 179 deduction 19 Distributions A 200,000. J Partner's share of profit, loss, and capital (see instructions): Beginning Ending 13 Other deductions Profit % % 20 Other information A 12,500. Loss 50 % 50 % Capital 50 % 50 % H 300. A 3,400. K Partner's share of liabilities at year end: Nonrecourse $ M 4, , Self-employment earnings (loss) Qualified nonrecourse financing $ Recourse $ A 451,400. Y* STMT 171,000. L Brutus Buckeye 10 Net section 1231 gain (loss) 18 Tax-exempt income and 1982 BWW Ln nondeductible expenses Buckeye, AZ Other income (loss) A 500. General partner or LLC Limited partner or other member-manager LLC member Domestic partner Foreign partner C 14,000. Partner's capital account analysis: Beginning capital account $ Capital contributed during the year..... $ Current year increase (decrease) $ Withdrawals & distributions $ Ending capital account $ Tax basis GAAP Section 704(b) book U S Other (explain) E Did the partner contribute property with a built-in gain or loss? M O N Yes No L If 'Yes', attach statement (see instructions) Y BAA For Paperwork Reduction Act Notice, see Instructions for Form Partner 2 142, ,000. ( 200,000.) 272,235. *See attached statement for additional information. F O R I R S Schedule K-1 (Form 1065) 2017 PTPA0312L 08/17/17

18 Schedule K-1 (Form 1065) 2017 Buckeye Consulting, LLC Page 2 This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 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 Code Report on or nonpassive and enter on your return as follows. Report on L Empowerment zone employment credit Passive loss Credit for increasing research activities Passive income Schedule E, line 28, column (g) N Credit for employer social security and Nonpassive loss Medicare taxes Nonpassive income Schedule E, line 28, column (j) O Backup withholding Net rental real estate income (loss) P Other credits Other net rental income (loss) Foreign transactions Net income Schedule E, line 28, column (g) Name of country or U.S. possession M See the Partner's Instructions A Net loss B Gross income from all sources Form 1116, Part I 4 Guaranteed payments Schedule E, line 28, column (j) C Gross income sourced at partner level 5 Interest income Form 1040, line 8a Foreign gross income sourced at partnership level 6 a Ordinary dividends Form 1040, line 9a D Passive category 6 b Qualified dividends Form 1040, line 9b E General category Form 1116, Part I 7 Royalties Schedule E, line 4 F Other 8 Net short-term capital gain (loss) Schedule D, line 5 Deductions allocated and apportioned at partner level 9 a Net long-term capital gain (loss) Schedule D, line 12 G Interest expense Form 1116, Part I 9 b Collectibles (28%) gain (loss) 28% Rate Gain Worksheet, line H Other Form 1116, Part I 4 (Schedule D Instructions) 9 c Deductions allocated and apportioned at partnership level to Unrecaptured section 1250 gain foreign source income 10 Net section 1231 gain (loss) I Passive category 11 Other income (loss) J General category Form 1116, Part I Code K Other A Other portfolio income (loss) Other information B Involuntary conversions L Total foreign taxes paid Form 1116, Part II C Sec contracts & straddles Form 6781, line 1 M Total foreign taxes accrued Form 1116, Part II D Mining exploration costs recapture See Pub. 535 N Reduction in taxes available for credit Form 1116, line 12 E Cancellation of debt Form 1040, line 21 or Form 982 O Foreign trading gross receipts Form 8873 F Other income (loss) P Extraterritorial income exclusion Form Q Other deductions 17 Alternative minimum tax (AMT) items A (50%) Cash contributions A Post-1986 depreciation adjustment B Cash contributions (30%) B Adjusted gain or loss C Noncash contributions (50%) See the Partner's See the Partner's C Depletion (other than oil & gas) Instructions and D Noncash contributions (30%) Instructions D Oil, gas, & geothermal ' gross income the Instructions for E Capital gain property to a 50% E Oil, gas, & geothermal ' deductions Form 6251 organization (30%) F Other AMT items F Capital gain property (20%) 18 Tax-exempt income and nondeductible expenses G Contributions (100%) A Tax-exempt interest income Form 1040, line 8b Investment interest expense Form 4952, line 1 B Deductions ' royalty income Schedule E, line 19 C J Section 59(e)(2) expenditures 19 Distributions K Deductions ' portfolio (2% floor) Schedule A, line 23 A Cash and marketable securities L Deductions ' portfolio (other) Schedule A, line 28 B Distribution subject to section 737 See the Partner's M Amounts paid for medical insurance Schedule A, line 1 or Form 1040, line 29 Instructions C Other property N Educational assistance benefits 20 Other information O Dependent care benefits Form 2441, line 12 A Investment income Form 4952, line 4a P Preproductive period expenses B Investment expenses Form 4952, line 5 Q Commercial revitalization deduction from See Form 8582 Instructions C Fuel tax credit information Form 4136 rental real estate activities D Qualified rehabilitation expenditures (other R Pensions and IRAs than rental real estate) Reforestation expense deduction E T Domestic production activities information See Form 8903 Instructions F Recapture of low-income housing credit U Qualified production activities income Form 8903, line 7b (section 42(j)(5)) Form 8611, line 8 V Employer's Form W-2 wages Form 8903, line 17 G Recapture of low-income housing credit (other) Form 8611, line 8 W Other deductions H Recapture of investment credit See Form Self-employment earnings (loss) I Recapture of other credits J Look-back interest ' completed 12 Section 179 deduction Other foreign transactions H Other tax-exempt income I Nondeductible expenses S Basis of energy property B C Note. If you have a section 179 deduction or any partner-level deductions, see the long-term contracts Partner's Instructions before completing Schedule SE. See Form 8697 K Look-back interest ' income A Net earnings (loss) from self-employment Schedule SE, Section A or B forecast method See Form 8866 Gross farming or fishing income L Dispositions of property with section 179 deductions 15 Gross non-farm income Credits M Recapture of section 179 deduction A Low-income housing credit (section 42(j)(5)) N Interest expense for corporate partners from pre-2008 buildings O Section 453(l)(3) information B Low-income housing credit (other) from pre-2008 buildings P Section 453A(c) information C Low-income housing credit (section 42(j)(5)) Q Section 1260(b) information from post-2007 buildings R Interest allocable to production expenditures D Low-income housing credit (other) from S CCF nonqualified withdrawals post-2007 buildings Qualified rehabilitation expenditures (rental T Depletion information ' oil and gas E real estate) U Reserved F Other rental real estate credits V Unrelated business taxable income G Other rental credits W Precontribution gain (loss) H Undistributed capital gains credit Form 1040, line 73; check box a Section 108(i) information I Biofuel producer credit Y Net investment income J Work opportunity credit Z Other information Disabled access credit K Partner 2: Brutus Buckeye YYY-YY-YYYY See the Partner's Instructions PTPA0312L 08/17/17 Schedule K-1(Form 1065) 2017