Equilibrium Capital Group, LLC 1331 NW Lovejoy Street, Suite 850 Portland, OR 97209

Transcription

1 Equilibrium Capital Group, LLC 1331 NW Lovejoy Street, Suite 850 Portland, OR May 29, 2015 Leonidio Holdings LLC 7962 Shannon Court Dublin, CA Dear Member: Attached is your copy of the 2014 Partnership Form 1065 Schedule K-1. This schedule summarizes your information from the partnership. This information has been provided to the Internal Revenue Service with the U.S. Partnership Return of Income, Form The information provided on this schedule should be entered on your tax return, in accordance with the instructions in Schedule K-1, page 2. If your return will be prepared by your accountant or attorney, you should provide a copy of this schedule to the preparer with your other tax information. We thank you for the opportunity to serve you. Very truly yours, William Campbell

2 Schedule K-1 (Form 1065) For calendar year 2014, or tax Department of the Treasury year beginning Internal Revenue Service ending Partner s Share of Income, Deductions, Credits, etc. See separate instructions. Part I Information About the Partnership Final K-1 Amended K-1 OMB No Part III Partner s Share of Current Year Income, Deductions, Credits, and Other Items 1 Ordinary business income (loss) 15 Credits -2, Net rental real estate income (loss) Other net rental income (loss) 16 Foreign transactions A Partnership s employer identification number B D E Partner s identifying number F 4 Guaranteed payments 5 Interest income 8 Net short-term capital gain (loss) nondeductible expenses C* STMT 9a Net long-term capital gain (loss) 9b Collectibles (28%) gain (loss) 9c Unrecaptured sec 1250 gain 18 Tax-exempt income and 19 Distributions 20 Other information LEONIDIO HOLDINGS LLC 10 Net section 1231 gain (loss) A SHANNON COURT -5. B 34. DUBLIN, CA Other income (loss) G General partner or LLC X Limited partner or other LLC H Partnership s name, address, city, state, and ZIP code Part II Check if this is a publicly traded partnership (PTP) Information About the Partner Partner s name, address, city, state, and ZIP code member-manager Domestic partner I1 What type of entity is this partner? member Foreign partner PARTNERSHIP 12 Section 179 deduction 741. EQUILIBRIUM CAPITAL GROUP, LLC 6a Ordinary dividends 1331 NW LOVEJOY STREET, SUITE Alternative min tax (AMT) items PORTLAND, OR b Qualified dividends B* -2. C IRS Center where partnership filed return OGDEN, UT 7 Royalties X I2 If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here ~~~~ J Partner s share of profit, loss, and capital: 13 Other deductions Beginning Ending A 16. Profit % % H 2. Loss % % * STMT Capital % % 14 Self-employment earnings (loss) K Partner s share of liabilities at year end: A 0. Nonrecourse ~~~~~~~~~~~~~~~~ 6,099. Qualified nonrecourse financing ~~~~~~~~ 513. *See attached statement for additional information. Recourse ~~~~~~~~~~~~~~~~~~ 0. L Partner s capital account analysis: Beginning capital account Capital contributed during the year ~~~~~~~~~~ ~~~~~~ Current year increase (decrease) ~~~~~~~~ Withdrawals & distributions ~~~~~~~~~~ ( ) Ending capital account ~~~~~~~~~~~~ 127, , ,381. For IRS Use Only M Did the partner contribute property with a built-in gain or loss? Yes X No Tax basis Other (explain) X GAAP If "Yes", attach statement (see instructions) Section 704(b) book LHA For Paperwork Reduction Act Notice, see Instructions for Form IRS.gov/form1065 Schedule K-1 (Form 1065) EQUILIBRIUM CAPITAL GROUP,

3 EQUILIBRIUM CAPITAL GROUP, LLC }} }}}}}}}}}} SCHEDULE K-1 OTHER DEDUCTIONS, BOX 13 CODE DESCRIPTION AMOUNT }}}} }} }}}}}}}}}}}}} K * DEDUCTIONS - PORTFOLIO (2% FLOOR) 33. L * DEDUCTIONS - PORTFOLIO (OTHER) 1. * SEE ATTACHED STATEMENT FOR ADDITIONAL INFORMATION. SCHEDULE K-1 PORTFOLIO DEDUCTIONS SUBJECT TO THE 2% FLOOR BOX 13, CODE K DESCRIPTION PARTNER FILING INSTRUCTIONS AMOUNT }}}}}}}}}}} }}}}}}}}}}}}} 2% PORTFOLIO DEDUCTIONS FROM SEE IRS SCH. K-1 INSTRUCTIONS PASSTHROUGH ENTITIES 33. TOTAL TO SCHEDULE K-1, BOX 13, CODE K 33. ~~~~~~~~~~~~~~ SCHEDULE K-1 OTHER PORTFOLIO DEDUCTIONS, BOX 13, CODE L DESCRIPTION PARTNER FILING INSTRUCTIONS AMOUNT }}}}}}}}}}} }}}}}}}}}}}}} PORTFOLIO DEDUCTIONS FROM SEE IRS SCH. K-1 INSTRUCTIONS PASSTHROUGH ENTITIES 1. TOTAL TO SCHEDULE K-1, BOX 13, CODE L 1. ~~~~~~~~~~~~~~ SCHEDULE K-1 ALTERNATIVE MINIMUM TAX, ADJUSTED GAIN OR LOSS, BOX 17, CODE B SUBJECT TO SPECIAL DESCRIPTION PARTNER FILING INSTRUCTIONS RATES AMOUNT }}}}}}}}}}} }}}}}}}}}}}}} }}}}}}}}}} }}}}}}}}}}}} SECTION 1231 GAIN (LOSS) SEE FORM 6251 INSTRUCTIONS -2. }}}}}}}}}}}} TOTAL TO SCHEDULE K-1, BOX 17, CODE B -2. ~~~~~~~~~~~~ PARTNER NUMBER EQUILIBRIUM CAPITAL GROUP,

4 EQUILIBRIUM CAPITAL GROUP, LLC }} }}}}}}}}}} SCHEDULE K-1 NONDEDUCTIBLE EXPENSES, BOX 18, CODE C DESCRIPTION PARTNER FILING INSTRUCTIONS AMOUNT }}}}}}}}}}} }}}}}}}}}}}}} EXCLUDED MEALS AND NONDEDUCTIBLE PORTION ENTERTAINMENT EXPENSES 68. PENALTIES 4. NONDEDUCTIBLE EXPENSES - SEE IRS SCH. K-1 INSTRUCTIONS PASSTHROUGH 27. TOTAL TO SCHEDULE K-1, BOX 18, CODE C 99. ~~~~~~~~~~~~~~ SCHEDULE K-1 CAPITAL CONTRIBUTED DURING THE YEAR DESCRIPTION AMOUNT }}}}}}}}}}} CONTRIBUTIONS TO CAPITAL 2,616. TRANSFERRED CAPITAL 139,328. TOTAL TO SCHEDULE K-1, ITEM L, CAPITAL CONTRIBUTED 141,944. ~~~~~~~~~~~~~~ SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION AMOUNT TOTALS }}}}}}}}}}} ORDINARY INCOME (LOSS) -2,315. RENTAL REAL ESTATE INCOME (LOSS) -12. INTEREST INCOME 741. SECTION 1231 GAIN (LOSS) -5. SCHEDULE K-1 INCOME SUBTOTAL -1,591. CHARITABLE CONTRIBUTIONS -16. INTEREST EXPENSE ON INVESTMENT DEBTS -2. PORTFOLIO DEDUCTIONS -34. SCHEDULE K-1 DEDUCTIONS SUBTOTAL -52. NET INCOME (LOSS) PER SCHEDULE K-1-1,643. GAIN/LOSS ON BOOKS AND NOT ON RETURN 273. DEPRECIATION ON RETURN AND NOT ON BOOKS 20. AMORTIZATION ON BOOKS AND NOT ON RETURN -2. NONDEDUCTIBLE EXPENSES -99. COMMUNICATION EXPENSE -19. DOMESTIC PARTNERSHIP -3,139. PARTNER NUMBER EQUILIBRIUM CAPITAL GROUP,

5 EQUILIBRIUM CAPITAL GROUP, LLC }} }}}}}}}}}} EQUITY BASED COMPENSATION -3,837. FOREIGN PARTNERSHIP -64. LEGAL & ACCOUNTING -1,977. OFFICE SUPPLIES -28. OTHER BOOK / TAX EXPENSE DIFFERENCES -2,918. PRIOR PERIOD ADJUSTMENT - BOOK LOSS TAXES & LICENSES 9. OTHER INCREASES OR DECREASES SUBTOTAL -12,738. TOTAL TO SCHEDULE K-1, ITEM L -14,381. ~~~~~~~~~~~~~~ SCHEDULE K-1 FOOTNOTES APPORTIONMENT FACTORS - EVERYWHERE BUILDINGS BOY 1,729. BUILDINGS EOY 1,744. EQUIPMENT BOY 42. EQUIPMENT EOY 75. LAND BOY 108. LAND EOY 463. RENT PAID 585. PAYROLL 10,743. SALES 17,579. INTEREST 737. BOX 20, CODE V - AMOUNTS REPORTED IN BOXES 1 AND 2 OF FORM K-1 CONSTITUTE UNRELATED BUSINESS INCOME OR LOSS. PARTNER NUMBER EQUILIBRIUM CAPITAL GROUP,

6 Schedule K-1 (Form 1065) 2014 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. Code 1. Ordinary business income (loss). Determine whether the income (loss) is passive or nonpassive and enter on your return as follows a. 6b a. 9b. 9c Passive loss Passive income Nonpassive loss Nonpassive income Net rental real estate income (loss) Other net rental income (loss) Net income Net loss Guaranteed payments Interest income Ordinary dividends Qualified dividends Royalties Net short-term capital gain (loss) Net long-term capital gain (loss) Collectibles (28%) gain (loss) Unrecaptured section 1250 gain Net section 1231 gain (loss) Other income (loss) Code A Other portfolio income (loss) B Involuntary conversions C Sec contracts & straddles D Mining exploration costs recapture E Cancellation of debt F Other income (loss) Section 179 deduction Other deductions A B C D E F G H I J K L M N O P Q R S T U V W Cash contributions (50%) Cash contributions (30%) Noncash contributions (50%) Noncash contributions (30%) Capital gain property to a 50% organization (30%) Capital gain property (20%) Contributions (100%) Investment interest expense Deductions - royalty income Section 59(e)(2) expenditures Deductions - portfolio (2% floor) Deductions - portfolio (other) Amounts paid for medical insurance Educational assistance benefits Dependent care benefits Preproductive period expenses Commercial revitalization deduction from rental real estate activities Pensions and IRAs Reforestation expense deduction Domestic production activities information Qualified production activities income Employer s Form W-2 wages Other deductions 14. Self-employment earnings (loss) Report on Schedule E, line 28, column (g) Schedule E, line 28, column (h) Schedule E, line 28, column (j) L M N O P Empowerment zone employment credit Credit for increasing research activities Credit for employer social security and Medicare taxes Backup withholding Other credits Schedule E, line 28, column (g) 16. Foreign transactions A B C Schedule E, line 28, column (j) Form 1040, line 8a Form 1040, line 9a Form 1040, line 9b Schedule E, line 4 Schedule D, line 5 Schedule D, line 12 28% Rate Gain Worksheet, line 4 (Schedule D Instructions) Form 6781, line 1 See Pub. 535 Form 1040, line 21 or Form 982 Form 4952, line 1 Schedule E, line 19 Schedule A, line 23 Schedule A, line 28 Schedule A, line 1 or Form 1040, line 29 Form 2441, line 12 See Form 8582 Instructions See Form 8903 Instructions Form 8903, line 7b Form 8903, line 17 Note. If you have a section 179 deduction or any partner-level deductions, see the Partner s Instructions before completing Schedule SE. A B C 15. Credits A B C D E F G H I J K Net earnings (loss) from self-employment Gross farming or fishing income Gross non-farm income Low-income housing credit (section 42(j)(5)) from pre-2008 buildings Low-income housing credit (other) from pre-2008 buildings Low-income housing credit (section 42(j)(5)) from post-2007 buildings Low-income housing credit (other) from post-2007 buildings Qualified rehabilitation expenditures (rental real estate) Other rental real estate credits Other rental credits Undistributed capital gains credit Biofuel producer credit Work opportunity credit Disabled access credit p n m n o pnmno pmo Schedule SE, Section A or B Form 1040, line 73; check box a Name of country or U.S. possession Gross income from all sources Gross income sourced at partner level Foreign gross income sourced at partnership level D E F Passive category General category Other Report on Form 1116, Part I Form 1116, Part I Deductions allocated and apportioned at partner level G H Interest expense Other Form 1116, Part I 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 M Total foreign taxes accrued N Reduction in taxes available for credit O Foreign trading gross receipts P Extraterritorial income exclusion Q Other foreign transactions 17. Alternative minimum tax (AMT) items A B C D E F Post-1986 depreciation adjustment Adjusted gain or loss Depletion (other than oil & gas) Oil, gas, & geothermal - gross income Oil, gas, & geothermal - deductions Other AMT items 18. Tax-exempt income and nondeductible expenses A Tax-exempt interest income B Other tax-exempt income C Nondeductible expenses 19. Distributions A Cash and marketable securities B Distribution subject to section 737 C Other property 20. Other information A Investment income B Investment expenses C Fuel tax credit information D Qualified rehabilitation expenditures (other than rental real estate) E F G H I J K L M N O P Q R S T U V W X Y Z Basis of energy property Recapture of low-income housing credit (section 42(j)(5)) Recapture of low-income housing credit (other) Recapture of investment credit Recapture of other credits Look-back interest - completed long-term contracts Look-back interest - income forecast method Dispositions of property with section 179 deductions Recapture of section 179 deduction Interest expense for corporate partners Section 453(l)(3) information Section 453A(c) information Section 1260(b) information Interest allocable to production expenditures CCF nonqualified withdrawals Depletion information - oil and gas Reserved Unrelated business taxable income Precontribution gain (loss) Section 108(i) information Net investment income Other information p n m n o p m o pmo pmo pn mno pmo p n m n o Form 1116, Part II Form 1116, Part II Form 1116, line 12 Form 8873 Form 8873 See the Partner s Instructions and the Instructions for Form 6251 Form 1040, line 8b Form 4952, line 4a Form 4952, line 5 Form 4136 Form 8611, line 8 Form 8611, line 8 See Form 4255 See Form 8697 See Form 8866 See the Partner s Instructions EQUILIBRIUM CAPITAL GROUP,

7 TAXABLE YEAR CALIFORNIA SCHEDULE Member s Share of Income, 2014 Deductions, Credits, etc. K-1 (568) TYB TYE LEONIDIO HOLDINGS LLC 7962 SHANNON COURT DUBLIN CA EQUILIBRIUM CAPITAL GROUP LLC 1331 NW LOVEJOY STREET SUITE 8 PORTLAND OR A What type of entity is this member? (1) (2) Individual S Corporation (4) (5) C Corporation General Partnership (7) (8) X LLP LLC (10) (11) Exempt Organization Disregarded Entity B (3) Estate/Trust (6) Limited Partnership (9) IRA/Keogh/SEP Is this member a foreign member? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Yes X No C Enter member s percentage (without regard to special allocations) of: Profit sharing (i) Before decrease (ii) End of year or termination ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ % % Loss sharing ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ % % D Ownership of capital ~~~~~~~~~~~~~~~~~~~~~~~~~ Member s share of liabilities: % % Nonrecourse ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 6, Qualified nonrecourse financing ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Other ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ E F G Reportable transaction or tax shelter registration number(s) (1) Check here if this is a publicly traded partnership as defined in IRC Section 469(k)(2) ~~~~~~~~~~~~~~~~~~~~~~~ (2) Check here if this is an investment partnership (R&TC Sections and ) ~~~~~~~~~~~~~~~~~~~~~~~ Check here if this is: (1) A final Schedule K-1 (568) (2) An amended Schedule K-1 (568) j j H Is this member a resident of California? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ X Yes No For Privacy Notice, get FTB 1131 ENG/SP Schedule K-1 (568) 2014 Side 1

8 I Analysis of member s capital account: Check the box (1) Tax Basis (2) X GAAP (3) Section 704(b) Book (4) Other (explain) (a) (b) (c) (d) (e) Capital account at beginning of year Capital contributed during year Member s share of line 3, line 4, and Withdrawals and distributions Capital account at end of year, line 7, Form 568, Schedule M-2 combine column (a) through column (d) STATEMENT 141, ,381. ( ) 127,563. Caution: Refer to Member s Instructions for Schedule K-1 (568) before entering information from this schedule on your California return. (a) (b) (c) (d) (e) Amounts from federal Schedule K-1 California adjustments (1065) Distributive share items Total amounts using California law. Combine col. (b) and col. (c) where applicable California source amounts and credits Ordinary income (loss) from trade or business activities ~~~~~~~ Net income (loss) from rental real estate activities ~~~~~~~~~~ Net income (loss) from other rental activities ~~~~~~~~~~~~~ -2, , , j j 4 5 Guaranteed payments to members Interest income ~~~~~~~~~ Income (Loss) Dividends ~~~~~~~~~~~~ Royalties ~~~~~~~~~~~~ Net short-term capital gain (loss) ~ Net long-term capital gain (loss) ~~ a Total gain under IRC Section 1231 (other than due to casualty or theft) b Total loss under IRC Section 1231 (other than due to casualty or theft) a Other portfolio income (loss). Attach schedule. ~~~~~~~~ b Total other income. ~~~~~~~ Deductions c Total other loss. 12 Expense deduction for recovery prop. (IRC Section 179) ~~~~~~~~ 13 a Charitable contributions ~~~~ STMT b Investment interest expense ~~ c 1 Total expenditures to which an IRC Section 59(e) election may apply ~ 2 Type of expenditures d Deductions related to portfolio income. ~~~~~~~~~~~~ STMT e Other deductions. Side 2 Schedule K-1 (568)

9 (a) (b) (c) (d) (e) Distributive share items Amounts from federal Schedule K-1 California adjustments Total amounts using California law. Combine California source amounts (1065) col. (b) and col. (c) and credits 15 a Total withholding (equals amount on Form 592-B if calendar year LLC) ~~ b Low-income housing credit ~~~~~ c Credits other than line 15b related to rental real estate activities ~~~~~~ Credits Alternative Minimum Tax (AMT) Items d Credits related to other rental activities ~~~~~~~~~~~~~~ e Nonconsenting nonresident member s tax paid by LLC ~~~~~~~~~~~ f Other credits - Attach required schedules or statements ~~~~~~ g New employment credit 17 a Depreciation adjustment on property placed in service after 1986 ~~~~~ b Adjusted gain or loss ~~~~~~~~ c Depletion (other than oil & gas ~~~~ d Gross income from oil, gas, and geothermal properties ~~~~~~~~ e Deductions allocable to oil, gas, and geothermal properties ~~~~~~~~ f Other alternative minimum tax items j j Tax-exempt Income and Nondeductible Expenses Distributions Other Information 18 a Tax-exempt interest income ~~~~~ b Other tax-exempt income ~~~~~~ c Nondeductible expenses STMT 19 a Distributions of money (cash and marketable securities) ~~~~~~~~ b Distributions of property other than money 20 a Investment income ~~~~~~~~~ b Investment expenses ~~~~~~~~ c Other information. See instructions STMT j j Schedule K-1 (568) 2014 Side 3

10 Other Member Information Table 1 - Member s share of nonbusiness income from intangibles (source of income is dependent on residence or commercial domicile of the member): Interest 186. Sec Gains/Losses Capital Gains/Losses Dividends Royalties Other FOR USE BY MEMBERS ONLY - See instructions. Table 2 - Member s share of distributive items. A. Member s share of the LLC s business income. See instructions. B. Member s share of nonbusiness income from real and tangible personal property sourced or allocable to California. Capital Gains/Losses Rents/Royalties Sec Gains/Losses Other C. Member s distributive share of the LLC s property, payroll, and sales: Factors Total within and outside California Total within California Property: Beginning ~~~~~~~~~~~~~~ Property: Ending ~~~~~~~~~~~~~~~ Property: Annual rent expense ~~~~~~~~ Payroll ~~~~~~~~~~~~~~~~~~~~ Sales ~~~~~~~~~~~~~~~~~~~~~ Side 4 Schedule K-1 (568)

11 EQUILIBRIUM CAPITAL GROUP, LLC }} }}}}}}}}}} CA SCHEDULE K-1 FOOTNOTES APPORTIONMENT FACTORS BUILDINGS BOY 3. BUILDINGS EOY 3. EQUIPMENT BOY 8. EQUIPMENT EOY 18. LAND BOY 56. LAND EOY 156. RENT PAID 474. PAYROLL 4,906. SALES 13,717. CA SCHEDULE K-1 DEDUCTIONS RELATED TO PORTFOLIO INCOME DESCRIPTION AMOUNT }}}}}}}}}}} PORTFOLIO DEDUCTIONS - OTHER - EQUILIBRIUM PARTNERS I LP 1. PORTFOLIO DEDUCTIONS - 2% FLOOR - EQUILIBRIUM PARTNERS I LP 1. PORTFOLIO DEDUCTIONS - 2% FLOOR - AGRICULTURE CAPITAL MANAGEMENT 33. TOTAL TO SCHEDULE K-1, LINE 13D 35. ~~~~~~~~~~~~~~ CA SCHEDULE K-1 CHARITABLE CONTRIBUTIONS AMOUNT DESCRIPTION AMOUNT CA SOURCE }}}}}}}}}}} CHARITABLE CONTRIBUTIONS - 50 PERCENT LIMIT 16. TOTAL TO SCHEDULE K-1, LINE 13A 16. ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~ CA SCHEDULE K-1 COLUMN C RECONCILIATION DESCRIPTION AMOUNT }}}}}}}}}}} ORDINARY INCOME (LOSS) <2,315.> RENTAL REAL ESTATE INCOME (LOSS) <12.> INTEREST INCOME 741. SECTION 1231 GAIN (LOSS) <5.> CHARITABLE CONTRIBUTIONS <16.> INTEREST EXPENSE ON INVESTMENT DEBTS <2.> PORTFOLIO DEDUCTIONS <34.> GAIN/LOSS ON BOOKS AND NOT ON RETURN 273. PARTNER NUMBER

12 EQUILIBRIUM CAPITAL GROUP, LLC }} }}}}}}}}}} DEPRECIATION ON RETURN AND NOT ON BOOKS 20. AMORTIZATION ON BOOKS AND NOT ON RETURN <2.> NONDEDUCTIBLE EXPENSES <99.> COMMUNICATION EXPENSE <19.> DOMESTIC PARTNERSHIP <3,139.> EQUITY BASED COMPENSATION <3,837.> FOREIGN PARTNERSHIP <64.> LEGAL & ACCOUNTING <1,977.> OFFICE SUPPLIES <28.> OTHER BOOK / TAX EXPENSE DIFFERENCES <2,918.> PRIOR PERIOD ADJUSTMENT - BOOK LOSS <957.> TAXES & LICENSES 9. TOTAL TO SCHEDULE K-1 ANALYSIS OF CAPITAL ACCOUNT, COLUMN C <14,381.> ~~~~~~~~~~~~~~ CA SCHEDULE K-1 NONDEDUCTIBLE EXPENSES DESCRIPTION AMOUNT }}}}}}}}}}} PENALTIES 4. EXCLUDED MEALS AND ENTERTAINMENT EXPENSES 68. NONDEDUCTIBLE EXPENSE - PASSTHROUGH 18. NONDEDUCTIBLE EXPENSE - PASSTHROUGH 8. STATE INCOME/FRANCHISE TAXES 30. TOTAL TO SCHEDULE K-1, LINE 18C 128. ~~~~~~~~~~~~~~ CA SCHEDULE K-1 AGGREGATE GROSS RECEIPTS FOR AMT EXCLUSION DESCRIPTION AMOUNT }}}}}}}}}}} GROSS SALES LESS RETURNS 14,507. INTEREST 737. TOTAL 15,244. ~~~~~~~~~~~~~~ PARTNER NUMBER

13 COLORADO SCHEDULE K-1 EQUIVALENT Beginning Partner s Colorado Information For Calendar Year 2014 or Fiscal Year, 2014; and Ending, Partner s Name, Address and ZIP Code Partner Number Partner s Identifying Number LEONIDIO HOLDINGS LLC SHANNON COURT DUBLIN, CA Resident Amended Schedule K-1 Nonresident Final Schedule K-1 X Partnership s Name, Address and ZIP Code Partnership s Identifying Number EQUILIBRIUM CAPITAL GROUP, LLC Partner s Percentage of: 1331 NW LOVEJOY STREET, SUITE 850 Ownership % PORTLAND, OR Profit and Loss % Federal income ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Modifications increasing federal income -1,643. Total modifications increasing federal income ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Modifications decreasing federal income Total modifications decreasing federal income ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Federal income modified for Colorado ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Nonresidents: Colorado source income ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ -1, YOUR SHARE OF COLORADO SOURCE INCOME 0. HAS BEEN INCLUDED IN THE COMPOSITE NONRESIDENT RETURN EQUILIBRIUM CAPITAL GROUP,

14 EQUILIBRIUM CAPITAL GROUP, LLC }} }}}}}}}}}} CO SCHEDULE K-1 FOOTNOTES APPORTIONMENT FACTORS BUILDINGS BOY 855. BUILDINGS EOY 855. EQUIPMENT BOY EQUIPMENT EOY LAND BOY LAND EOY RENT PAID PAYROLL SALES PARTNER NUMBER EQUILIBRIUM CAPITAL GROUP,

15 STATE OF HAWAII - DEPARTMENT OF TAXATION PREPARE IN TRIPLICATE SCHEDULE K-1 FORM N-20 PARTNER S SHARE OF INCOME, CREDITS, 1 File with N-20 (REV. 2014) DEDUCTIONS, ETC For calendar year 2014 or other tax year 2 For partnership beginning, 2014 and ending, 3 For partner Partner s Soc. Sec. No. or Federal Employer I.D. No Partnership s Federal Employer Identification No Partner s name, address, and Postal/ZIP Code Partnership s name, address, and Postal/ZIP Code LEONIDIO HOLDINGS LLC EQUILIBRIUM CAPITAL GROUP, LLC 7962 SHANNON COURT 1331 NW LOVEJOY STREET, SUITE 850 DUBLIN, CA PORTLAND, OR A B C This partner is a general partner limited partner D Partner s share of liabilities: LLC member-manager X other LLC member Nonrecourse ~~~~~~~~~~~~~~~ 6,099. Qualified nonrecourse financing~~~~~~~ 513. What type of entity is this partner? PARTNERSHIP Other ~~~~~~~~~~~~~~~~~~ 0. (i) Before change or termination Enter partner s percentage of: (ii) End of year E Check here if this partnership is a publicly traded partnership Profit sharing ~~~ % % as defined in IRC section 469(k)(2) ~~~~~~~~~~~~~~~ Loss sharing ~~~ % % Ownership of capital % % F Check applicable boxes: (1) Final K-1 (2) Amended K-1 G Reconciliation of partner s capital account: (a) Capital account at beginning of year (b) Capital contributed during year (c) Income (d) Deductions (f) Capital account included in included in (e) Withdrawals at end of year column (c) below, plus col. (c) below, plus and distributions (combine columns (a) nontaxable income unallowable deductions through (e)) Income (Loss) Deductions Credits 141, ,496. ( 9,885. ) ( ) 127,563. Caution: Refer to Partner s Instructions for Schedule K-1 (Form N-20) before entering information from this schedule on your tax return. (b) Attributable to (c) Attributable (d) Form N-11 & N-15 filers (a) Distributive share items enter the amount in column Hawaii Everywhere (b) and/or column (c) on: 1 Ordinary income (loss) from trade or business activities ~~~~~ , Net income (loss) from rental real estate activities ~~~~~~~ -12. p See Partner s Instructions 3 Net income (loss) from other rental activities ~~~~~~~~~~ m for Schedule K-1 (Form N-20). 4 Guaranteed payments to partner ~~~~~~~~~~~~~~~ 5 Interest ~~~~~~~~~~~~~~~~~~~~~~~~~~ Interest Worksheet 6 Ordinary Dividends ~~~~~~~~~~~~~~~~~~~~~ See Partner s Instructions for 7 Royalties ~~~~~~~~~~~~~~~~~~~~~~~~~ 8 Net short-term capital gain (loss) ~~~~~~~~~~~~~~~ Capital Gain/Loss Worksheet 9 Net long-term capital gain (loss) 10 Net IRC section 1231 gain (loss) (attach Schedule D-1) ~~~~~ 11 Other income (loss) (attach schedule) 12 Charitable contributions (attach schedule) ~~~~~~~~~~~ 14 Deductions related to portfolio income (attach schedule) 15 Other deductions (attach schedule) 16 Total cost of qualifying property for the Capital Goods Excise Tax Credit ~~~ Form N Fuel Tax Credit for Commercial Fishers ~~~~~~~~~~~~~~~ 13 Expense deduction for recovery property (IRC section 179) (attach schedule) ~ 18 Amounts needed to claim the Enterprise Zone Tax Credit ~~~~ ~~~~~~~~~~~~ ~~~~ 19 Hawaii Low-Income Housing Tax Credit ~~~~~~~~~~~~ 20 Credit for Employment of Vocational Rehabilitation Referrals ~~~ See attached Form N-756A 21 Motion Picture, Digital Media, and Film Production Income Tax Credit Form N-340 o j Schedule K-1 (Form N-20). Capital Gain/Loss Worksheet -5. See Partner s Instr. for Sch. K-1 (Form N-20) Enter on applicable line of your return. p m o See Partner s Instructions for Schedule K-1 (Form N-20). Enter on applicable line of your return. Form N-163 Form N-756 Form N-586 Form N SCHEDULE K-1 FORM N-20

16 EQUILIBRIUM CAPITAL GROUP, LLC Schedule K-1 (Form N-20) (REV. 2014) Page 2 (a) Distributive share items (b) Attributable to Hawaii (c) Attributable Everywhere (d) Form N-11 & N-15 filers enter the amount in column (b) and/or column (c) on: Credits (cont.) Investment Interest Recapture of Tax Credits Other 22 High Technology Business Investment Tax Credit ~~~~~~~~ Form N Credit for School Repair and Maintenance ~~~~~~~~~~~ 25 Renewable Energy Technologies Income Tax Credit ~~~~~~~ 26 Important Agricultural Land Qualified Agricultural Cost Tax Credit ~ 27 Tax Credit for Research Activities ~~~~~~~~~~~~~~~ See attached Form N-342A 28 Capital Infrastructure Tax Credit ~~~~~~~~~~~~~~~ Form N-3 29 Credit for income tax withheld on Form N-288 (net of refunds) Sch. CR, line 23a 30 a Interest expense on investment debts ~~~~~~~~~~~~ 2. Form N-158, line 1 b (1) Investment inc included on Sch K-1, lines 5 through 7 ~~~ See Partner s Instructions for (2) Investment expenses included in Schedule K-1, line Schedule K-1 (Form N-20). 31 Recapture of Hawaii Low-Income Housing Tax Credit a From IRC section 42(j)(5) partnerships b Other than on line 31a 32 Capital Goods Excise Tax Credit Properties ~~~~~~~~~~~ 34Recapture of Tax Credit for Flood Victims 35 Recapture of Important Agricultural Land Qualified Agricultural 36List below other items and amounts not included on lines 1 through See attached Form N-312, Part II Form N Ethanol Facility Tax Credit ~~~~~~~~~~~~~~~~~~ Form N-324 ~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~ 33Recapture of High Technology Business Investment Tax Credit ~~ ~~~~~~~~~~~ Cost Tax Credit 35 that are required to be reported separately to each partner Form N-342 Form N-344 Form N-346 pmo pmo Form N-586, Part III Form N-312, Part II Form N-318, Part III Form N-338 Form N-344 See Partner s Instructions for Schedule K-1 (Form N-20). Other Information Provided by Partnership:

17 EQUILIBRIUM CAPITAL GROUP, LLC }} }}}}}}}}}} HI SCHEDULE K-1 FOOTNOTES APPORTIONMENT FACTORS BUILDINGS BOY 391. BUILDINGS EOY 391. EQUIPMENT BOY EQUIPMENT EOY LAND BOY LAND EOY RENT PAID PAYROLL SALES PARTNER NUMBER

18 2014 Schedule 3K-1 Partner s Massachusetts Information MA143K Year beginning Ending LEONIDIO HOLDINGS LLC SHANNON COURT DUBLIN CA EQUILIBRIUM CAPITAL GROUP, LLC NW LOVEJOY STREET, PORTLAND OR A. B. C. D. E. Type of entity Individual resident Individual nonresident Trust or estate S corporation Corporation X Partnership or other PTE IRA Disregarded entity Exempt org Type of partner X Limited General Type of form submission Final Amended 3K-1 Was there a sale, transfer or liquidation of any part of this partnership interest during the tax year? X Yes No Did the partnership participate in one or more installment sales transactions? Yes X No If Yes, indicate whether information has been communicated to the partner to calculate an addition to Massachusetts tax under M.G.L., ch. 62C, sec. 32A based on the following Internal Revenue Code (IRC) provisions (check all that apply) IRC 453A IRC 453(I)(2)(B) Partner s Distributive Share 1. Massachusetts ordinary income or loss Guaranteed payments to partners (deductible and capitalized) Separately stated deductions Combine lines 1 through 3 Credits available a. Taxes due to another jurisdiction (full-year and part-year residents only) b. Lead Paint c. Economic Opportunity Area Economic Development Incentive Program d. Brownfields e. Low-Income Housing f. Historic Rehabilitation g. Film Incentive h. Medical Device i. Employer Wellness Program j. Refundable Film Credit k. Refundable Dairy Credit l. Refundable Conservation Tax Credit m. Refundable Community Investment Tax Credit n. Total credits a 5b 5c 5d 5e 5f 5g 5h 5i 5j 5k 5l 5m 5n /29/ :24:13

19 2014 Schedule 3K-1, pg. 2 MA143K Partner s Massachusetts Information Net income or loss from rental real estate activity Net income or loss from other rental activity Interest from U.S. obligations Interest (5.2%) from Massachusetts banks Other interest and dividend income Non-Massachusetts state and municipal bond interest Royalty income Short-term capital gains Short-term capital losses Gain on the sale, exchange or involuntary conversion of property used in a trade or business held for one year or less Loss on the sale, exchange, or involuntary conversion of property used in a trade or business held for one year or less Long-term capital gain or loss Net gain or loss under Section 1231 Long-term gains on collectibles and pre-1996 installment sales Differences and adjustments Corporate Partner Information State and municipal bond interest not included in U.S. net income 22. Foreign, state or local income, franchise, excise or capital stock taxes deducted from U.S. net income 23. Other adjustments, if any Reconciliation of Partner s Capital Account Balance at the beginning of the year 25. Massachusetts net income for the year 26. Entire net income for the year 27. Capital contributions 28. Withdrawals 29. Balance at end of year /29/ :24:13

20 2014 Schedule 3K-1, pg. 3 MA143K Partner s Massachusetts Information Partner s Share of Profit, Loss and Capital 30. Percentage of profit 31. Percentage of loss 32. Percentage of capital 33. Non-recourse liabilities 34. Qualified non-recourse financing 35. Recourse liabilities Beginning Beginning Beginning Ending Ending Ending Ending 6099 Ending 513 Ending Pass-through Entity Payment and Credit Information Declaration election code Withholding Composite Member self-file Exempt PTE Insurance company Non-profit Exempt corporate limited partner Withholding amount Payments made in a composite filing Credit for amounts withheld by lower-tier entity(ies) J 38 Payer ID number J Payments made with a composite filing by lower-tier entity(ies) /29/ :24:13

21 EQUILIBRIUM CAPITAL GROUP, LLC }} }}}}}}}}}} MA SCHEDULE 3K-1 OTHER INFORMATION DESCRIPTION AMOUNT }}}}}}}}}}} PRE-APPORTIONED LT SECTION 1231 GAINS/LOSSES TAXED AT 5.2% -5 PRE-APPORTIONED INTEREST (OTHER THAN MA BANK INT.) & DIVIDENDS 741 PRE-APPORTIONED NET INCOME (LOSS) FROM RENTAL REAL ESTATE -12 MA SCHEDULE 3K-1 FOOTNOTES APPORTIONMENT FACTORS BUILDINGS BOY BUILDINGS EOY EQUIPMENT BOY EQUIPMENT EOY LAND BOY 26 LAND EOY 26 RENT PAID PAYROLL SALES PARTNER NUMBER

22 OREGON SCHEDULE K-1 EQUIVALENT Beginning Partner s Information For Calendar Year 2014, or Fiscal Year, and Ending 2014 Partner s Name, Address and ZIP Code LEONIDIO HOLDINGS LLC Partner s Identifying Number SHANNON COURT DUBLIN CA Partner s Percentage of Stock Ownership 0.34 Partnership Name, Address and ZIP Code Partnership Identification Number EQUILIBRIUM CAPITAL GROUP, LLC NW LOVEJOY STREET, SUITE 850 PORTLAND OR Resident Nonresident X Distributive share items PTE Oregon apportionment percentage 25.11% (a) (b) (c) Federal Oregon Income (losses) column column Ordinary business income (loss) ~~~~~~~~~~~~~ Net rental real estate income (loss) ~~~~~~~~~~~~ Other net rental income (loss) ~~~~~~~~~~~~~~~ Guaranteed payments to partners ~~~~~~~~~~~~ Interest income ~~~~~~~~~~~~~~~~~~~~~ Ordinary/Qualified dividends ~~~~~~~~~~~~~~~ Royalties ~~~~~~~~~~~~~~~~~~~~~~~~~ Net short-term capital gain (loss) ~~~~~~~~~~~~~ Net long-term capital gain (loss) ~~~~~~~~~~~~~ Net section 1231 gain (loss) ~~~~~~~~~~~~~~~ Other income (loss) (attach schedule) ~~~~~~~~~~~ -2, Adjustments IRC section 179 expense ~~~~~~~~~~~~~~~~~ Other adjustments (attach schedule) ~~~~~~~~~~~ STMT Oregon additions 14 Interest on state & local gov t bonds ~~~~~~~~~~~ 15 Other additions (attach schedule) ~~~~~~~~~~~~~ Oregon subtractions U.S. government interest ~~~~~~~~~~~~~~~~~ Depreciation ~~~~~~~~~~~~~~~~~~~~~~~ Other subtractions (attach schedule) ~~~~~~~~~~~ Oregon credits 19 Credits (attach schedule) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Payments for nonresidents PTE owner payment from Form OR-19 ~~~~~~~~~~~~~~~~~~~~~~~~~~ Tax paid on Form OC filed on owner s behalf ~~~~~~~~~~~~~~~~~~~~~~~ For informational purposes only do not submit EQUILIBRIUM CAPITAL GROUP,

23 EQUILIBRIUM CAPITAL GROUP, LLC }} }}}}}}}}}} OR SCHEDULE K-1 OTHER ADJUSTMENTS DESCRIPTION FEDERAL AMOUNT OREGON AMOUNT }}}}}}}}}}} CASH CONTRIBUTIONS (50%) INVESTMENT INTEREST EXPENSE DEDUCTIONS - PORTFOLIO (2% FLOOR) DEDUCTIONS - PORTFOLIO (OTHER) TOTAL TO OR SCHEDULE K-1, PART III, LINE ~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~ OR SCH K-1 FOOTNOTES APPORTIONMENT FACTORS BUILDINGS BOY BUILDINGS EOY 15. EQUIPMENT BOY 30. EQUIPMENT EOY 56. LAND BOY LAND EOY 255. RENT PAID 111. PAYROLL 5,657. SALES 3,862. INTEREST 737. PARTNER NUMBER EQUILIBRIUM CAPITAL GROUP,

24 65404 Schedule K-1 - Partner s Share TC-65, Sch. K-1 of Utah Income, Deductions and Credits 2014 Partnership Information A B C D E F G H Partnership s EIN: Partnership s name, address, city, state, and ZIP code Partner Information Partner s SSN or EIN: Partner s name, address, city, state, and ZIP code Partner s phone number Percent of ownership Enter " X " if limited partner or member Entity code from list below: ---Codes--- I = Individual C = Corporation S = S Corporation N = Nonprofit Corp. P = Gen l Partnership L = Limited Partnership B = LLC T = Trust EQUILIBRIUM CAPITAL GROUP, LLC 1331 NW LOVEJOY STREET, SUITE 850 PORTLAND, OR LEONIDIO HOLDINGS LLC 7962 SHANNON COURT DUBLIN, CA X B.3419 R = LLP O = Other Partner s Share of Utah Income, Deductions and Credits 1 Utah ordinary business income (loss) Utah net rental real estate income (loss) 3 Utah other net rental income (loss) 4 Utah guaranteed payments 5a Utah U.S. government interest income 5b Utah municipal bond interest income 5c Utah other interest income 4. 6 Utah ordinary dividends 7 Utah royalties 8 Utah net short-term capital gain (loss) 9 Utah net long-term capital gain (loss) 10 Utah net Section 1231 gain (loss) 11 Utah recapture of Section 179 deduction 12 Utah other income (loss) (describe) 13 Utah Section 179 deduction I Enter date: 01/01/ Contributions Other Information affiliated withdrawn Foreign taxes paid or accrued Utah other deductions (describe) 17 Utah nonrefundable credits: Name of Credit Code Credit Amount Note: To complete lines 1 through 16: * Utah residents, enter the amounts from federal Schedule K-1. * Utah nonresidents, see instructions to calculate amounts. All filers complete lines 17 through 19, if applicable. Tax Commission Use Only 18 Utah refundable credits: Name of Credit Code Credit Amount Utah tax withheld on behalf of partner "X" if withholding waiver applied for 0.

25 EQUILIBRIUM CAPITAL GROUP, LLC }} }}}}}}}}}} UT TC-65, SCHEDULE K-1 FOOTNOTES APPORTIONMENT FACTORS BUILDINGS BOY BUILDINGS BOY EQUIPMENT BOY 4. EQUIPMENT BOY 0. LAND BOY LAND BOY RENT PAID PAYROLL 181. SALES PARTNER NUMBER