Detailed Analysis of U.S. Return of Partnership Income Form 1065

This document provides a detailed analysis of Form 1065, the U.S. Return of Partnership Income, specifically for the calendar year 2017. It includes key sections of the form, such as income, deductions, and reconciliation of income per books with the return. The analysis covers various aspects in...Read More

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I}5 s},ADy LANE
City or town, state or province, counlry,
CHAP)N, SL ego35
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A Princioalbusiness
B Principalproductor
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Preparer
Use Only
For Paperwork Reduction Act Notice, see separate instructions.
U.S. Return of PartnershipIncome
For calendaryear 2017,orExyear besinnins_O_f/p Il_______,2017,endins__f]l 31 l,zo_1_7__---_.
) Go to www.irs.govlFormloesl6iiist-rt/C{i6nl and the lateiii-n}ilirirliiion.
Iz sgnarure ot partner or limited liability company member
OMB No.1545-0123
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H Check accountingmethod: (1) Xl Casn (2) n Rcc.rual (3) fl other (specify)>
I Number of Schedules K-1. Attach one for each person who was a partner at any time ouring tne t; t;;;-----{---
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t-tJ Check if SchedulesC and M-S are attached _
Gaution. lncludeonlytndeorbustness incomeandexpe-nseson tineslathrough22below.Seethelnstructionsformoreinformation.
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business income Subtract line 21 from line 8
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knowledge and belief, it is true' correct, and complete. Declaration of prepare-rlottrer thin'fa?ner or timiteo liabitity company m€mbe4 is based on allinformation of which preparer has any knowledge.
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Date business started
20
Total assets(seethe
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Total amount
Form 1065 (2014
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Form 1065 (2014
Analysis by
partner type:
Generalpartners
Limited
Assets
Cash
Trade notes and accounts receivable .
Less allowancefor bad debts
lnventories
U.S. governmentobligations
Tax-exempt securities
Other current assets (attach statement)
Loansto partners(or personsrelatedto partners)
Mortgage and real estate loans
Other investments(attach statement) .
Buildingsand other depreciable assets
Less accumulateddepreciation
Depletableassets
Less accumulateddepletion
11 Land (net of any amortization)
12a Intangibleassets (amortizableonly)
b Less accumulatedamortization
13 Other assets (attach statement)
14 Total assets
. Liabilatiesand Capital
Accounts payable
Mortgages,notes,bondspayablein lessthan 1 year
Other current liabilities (attach statement)
All nonrecourseloans .
Loansfrompartners(orpersonsrelatedto partners)
Mortgages,notes,bondspayablein 1yearor more
Other liabilities(attach statement) .
Partners'capital accounts
Total liabilitiesand
Net income (loss).Comb
Schedule K, lines 12 through 13d, and 161
a
b
I
2a
b
3
4
5
6
7a
b
8
9a
b
10a
b
0 l
, oa
15
16
17
18
19a
b
20
21
22
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Reconciliationof Income(Loss)per Books With tn;;; G"ffier ReturnNOte. The partnershiD mav be reorriri.l t.r fito Rnhartr rta [r-a /6^^ ri^*-,,^ii^l-.tobe le Schedule M-3 (see
r\er tncome (toss) per books .
Incomeinclud€don ScheduleK, lines 1, 2, gc,
5, 6a,7,8, 9a, 10, and 11, not recorded on
booksthis year (itemize):
Guaranteedpavmeni-d---i61ljt6l--iiia;
health insurance)
Expensesrecorded on books this year
not included on Schedule K, lines 1
through 13d, and 161(itemize):
Depreciationg
Travetand ent;-rial6iir6l lf ----------------
Add lines 1 throuqh 4 .
mff,a rrnamiEE;ers
Balanceat oeginningE yEiI- . -I
eapital contributed: a Cash
b property
Net income (loss)per books .
Other increases(itemize):
lines 1
a
b
I
2
3
4
5
3| 8.aS D Incomerecordedon booksthis year not included
on ScheduleK, lines1 through11 (itemize):
Tax-exemptinterest$
Deductionsinctuoeoon-ScirArG
k;li";;
1 through 13d, and 161, not charged
against book income this year (itemize):
Depreciationg
229,2
I D,*SD
oAdd lines 6 and 7 . :---. ---.---:---:---.---:'
Income (loss) (Analysis of Net Income
(Loss),line.1).Subtract line 8 from line 5
8
9 224,,
lSqoaa109,Lso
;aD|ta
740oaO 6 Distributions: a Cash
b property
7 Otherdecreases(itemize):______
I [dAH;d6il4-7---
9 Balanceat endof vear.SuUta.t fin" Afrom fin" s
228,21
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