1 Unit example K-1 for REAL II Per $5,000 investment

Transcription

1 10 Schedule K-1 (Form 1065) For calendar year, 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 A Partnership's employer identification number B Partnership's name, address, city, state, and ZIP code 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 0. 2 Net rental real estate income (loss) Other net rental income (loss) 4 Guaranteed payments 5 Interest income 16 Foreign transactions REA ESTATE ASSOCIATES IMITED II 6860 S. YOSEMITE COURT, SUITE 2222 CENTENNIA, CO C IRS Center where partnership filed return OGDEN, UT D Check if this is a publicly traded partnership (PTP) 6a Ordinary dividends 6b Qualified dividends 7 Royalties 8 Net short-term capital gain (loss) 17 Alternative min tax (AMT) items 18 Tax-exempt income and nondeductible expenses 9a Net long-term capital gain (loss) Part II Information About the Partner 380. E Partner's identifying number 9b Collectibles (28%) gain (loss) 19 Distributions A 285. F Partner's name, address, city, state, and ZIP code 9c Unrecaptured sec 1250 gain DONAD C ORANDO Unit example K-1 for REA II 1754 INDIAN WES WAY CAYTON, CA G General partner or C -manager H Domestic partner Foreign partner I1 What type of entity is this partner? INDIVIDUA I2 If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here ~~~~ J Partner's share of profit, loss, and capital: 10 Net section 1231 gain (loss) 11 Other income (loss) 12 Section 179 deduction 13 Other deductions 20 Other information Beginning Ending Profit % % oss % % Capital % % 14 Self-employment earnings (loss) K Partner's share of liabilities at year end: A 0. Nonrecourse ~~~~~~~~~~~~~~~~ $ Qualified nonrecourse financing ~~~~~~~~ $ 264. *See attached statement for additional information. Recourse ~~~~~~~~~~~~~~~~~~ $ 0. Partner's capital account analysis: Beginning capital account ~~~~~~~~~~ $ 417. Capital contributed during the year ~~~~~~ $ Current year increase (decrease) ~~~~~~~~ $ 358. Withdrawals & distributions ~~~~~~~~~~ $ ( 285. ) Ending capital account ~~~~~~~~~~~~ $ 490. For IRS Use Only Tax basis GAAP Section 704(b) book Other (explain) M Did the partner contribute property with a built-in gain or loss? Yes No If "Yes", attach statement (see instructions) HA For Paperwork Reduction Act Notice, see Instructions for Form IRS.gov/form1065 Schedule K-1 (Form 1065) REA ESTATE ASSOCIATES IMI _1

2 REA ESTATE ASSOCIATES IMITED II }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}} SCHEDUE K-1 FOOTNOTES BOX 17F, ACE DEPRECIATION ADJUSTMENT, IS APPICABE TO CORPORATIONS AND PASS-THROUGH ENTITIES ONY. 100% OF THE REPORTED ON INE 9C REATES TO THE GAIN REPORTED ON INE 9A. YOUR SHARE OF INCOME CONSISTS OF THE FOOWING S AOCATED AND APPORTIONED BY STATE. MISSISSIPPI SOURCE INE 2: -10. MISSISSIPPI SOURCE INE 9A: 260. AABAMA SOURCE INE 2: -4. AABAMA SOURCE INE 9A: 120. AABAMA SOURCE INE 17A: 1. INDIANA SOURCE INE 2: -7. INDIANA SOURCE INE 5: 1. STATE BONUS ADJUSTMENTS REATED TO PRIOR YEAR AND CURRENT YEAR S. THE ABOVE S IN INE 2, DO NOT REFECT THE ADJUSTMENTS FOR BONUS DEPRECIATION. INDIANA SOURCE BONUS DEPRECIATION: -1. MISSISSIPPI SOURCE BONUS DEPRECIATION: -4. PARTNER NUMBER REA ESTATE ASSOCIATES IMI _1

3 A (Form 65 and Form 20S) 10 Subchapter K entity S corporation QIP Indicator PART I Information About the Pass Through Entity PART III SEE INSTRUCTIONS JANUARY 1, and ending DECEMBER 31, Owner's/Shareholder's Share of Current Year Alabama Income, Deductions, Credit, and Other Items Income allocated and apportioned to Alabama Nonseparately stated income 100% Alabama - to be reported by Alabama residents B Entity's name, address, city, state, and ZIP code REA ESTATE ASSOCIATES IMITED II M 116. M S. YOSEMITE COURT, SUITE 2222 Amount of guaranteed payments to partner to be reported by the partner as CENTENNIA, CO Alabama source income (see instructions) PART II Information About the Owner/Shareholder N N2 C Owner's/Shareholder's identifying number Section 179 expense O O2 D Owner's/Shareholder's 1 Unit examplename K-1 for REA II Investment interest expense related to portfolio income DONAD C ORANDO P P2 E Owner's/Shareholder's street address Portfolio income 1754 INDIAN WES WAY Q Q2 F Owner's/Shareholder's city, state, ZIP code Other expenses related to portfolio income - do not include interest expense CAYTON, CA R R2 G General partner or C Charitable contributions manager S S2 H What type of entity is this owner/shareholder? Other separately stated business items (attach schedule) INDIVIDUA T T2 Tax exempt entity Composite payment made on behalf of owner/shareholder (see instructions) I Owner's/Shareholder's percentage of profit and (loss) sharing U 6. U.S. income taxes paid (see instructions) J Check if owner/shareholder is a nonresident Nonresident If a nonresident, provide state of legal residence: V V2 CAIFORNIA Casualty losses (see instructions) Check if the owner is a single C. K SCHEDUE K-1 Tax year beginning Entity's Federal Employer Identification Number Owner Owner's basis at end of tax year Credit for taxes paid to foreign country 2. Heroes for Hire Credit Owner's/Shareholder's Share of Income, Deductions, Credits, etc. Z Z2 3. Full Employment Act of 2011 Separately stated nonbusiness items (attach schedule) AA 4. Capital Credit Alabama exempt income (attach explanation) 5. A New Markets Development Credit AB AB2 6. Enterprise Zone Credit 7. Irrigation Credit A completed Alabama Schedule K-1 for each in the Subchapter K entity/s corporation must be attached to Form 65/Form 20S W X Y AABAMA DEPARTMENT OF REVENUE INDIVIDUA & CORPORATE TAX DIVISION Final K-1 Amended K-1 W2 Withdrawals and distributions 285. Small business health insurance premiums (attach explanation) Oil and gas depletion

4 10 Form (Rev. 09/13) Mississippi Schedule K-1 S Corporation X Partnership X Final K-1 Amended K-1 Composite PART I: INFORMATION ABOUT THE ENTITY A Entity FEIN B Entity's name, address, city, state and ZIP code 2 Net rental real estate income (loss) REA ESTATE ASSOCIATES IMITED II 6860 S. YOSEMITE COURT, SUITE CENTENNIA CO Other net rental income (loss) PART III: PARTNER'S SHARE OF CURRENT YEAR INCOME, DEDUCTIONS, CREDITS, AND OTHER ITEMS 1 Ordinary business income (loss) 15 Self-employment earnings (loss) 16 Credits C If partnership box was checked above, is the partnership a publicly traded partnership (PTP)? 4 Guaranteed payments PART II: INFORMATION ABOUT THE OWNER / PARTNER D Owner / partner's SSN or FEIN Unit example K-1 for REA II E Owner / partner's name, address, city, state and ZIP code DONAD C ORANDO 1754 INDIAN WES WAY CAYTON CA F G General partner or C -manager X What type of entity is the partner? INDIVIDUA 5 6a 6b 7 8 Interest income Ordinary dividends Qualified dividends Royalties Net short-term capital gain (loss) Foreign transactions Alternative minimum tax (AMT) items H I J K Check box if 5% of the net gain / profit was withheld. Enter 9a Net long-term capital gain (loss) 19 Items affecting shareholder basis X amount of withholding remitted for partner b Collectibles (28% ) gain (loss) Partner's share of profit, loss and capital: Beginning Ending 9c Unrecaptured section 1250 gain 20 Tax-Exempt income and nondeductible expenses Profit oss Net section 1231 gain (loss) Capital Other income (loss) STMT Partner's share of liabilities at year end: 249 Nonrecourse ~~~~~~~~~ 12 Charitable contributions 21 Distributions Qualified nonrecourse financing Recourse ~~~~~~~~~~~ 13 Section 179 deduction Partner's Mississippi capital account analysis: 14 Other deductions STMT 22 Other information Beginning capital account ~~ Capital contributed during the year Current year increase (decrease) 358 STATEMENT Withdrawals and distributions ~ 285 PART IV: MISSISSIPPI TAX CREDITS Ending capital account ~~~~ 490 (Enter credit code and name from Form ) Code Credit Amount X Tax Basis GAAP Other Did the partner contribute property with a built-in gain or loss? Yes X No If "Yes", attach statement. M Shareholder's percentage of stock ownership for tax year N Mississippi apportionment ratio for tax year

5 REA ESTATE ASSOCIATES IMITED II }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} }}}}}}}}}} MS OTHER INCOME (OSS) NONBUSINESS INCOME/OSS AOCATED TO MISSISSIPPI 249 }}}}}}}}}}}}}} TOTA TO MS , INE ~~~~~~~~~~~~~~ MS OTHER DEDUCTIONS ADDITIONA DEPRECIATION ADJUSTMENT 1 NONBUSINESS INCOME/OSS EVERYWHERE 118 }}}}}}}}}}}}}} TOTA TO MS , INE ~~~~~~~~~~~~~~ MS OTHER INFORMATION, BOX 22 TAX WITHHED ON PARTNERSHIP INCOME ON FORM PARTNER NUMBER 10