Page 38 - Income Documentation
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Form 1065 I Two Year Comparison Worksheet, Page 1 12019 & 2020
Partnership Name Employer Identification Number
ARMES FAMILY FARMS 75-2936011
2019 2020 Differences
Gross receipts less returns and allowances
· · ··· ········ ··
Cost of goods sold .. ... .... ········
Gross profit .. . . .. . , . ..
Income Ordinary income {loss) from other partnerships, etc .. .. ...
Net farm profit (loss) . . .. .
Net gain (loss) from Form 4797
·· · · ·· .. . . . .. .. · ·· ··• • •·
Other income (loss)
· · · •·· ···· · · · . . . . .. .. ··· · • .. ·· · · ·· · · ·
Total Income (loss) . . .. .. . ...
Salaries and wages (other than to partners)
. , . .. .....
Guaranteed payments to partners ..
. .. • · ... . .
Repairs and maintenance .. . .. . ..
· · •· ··· ···
Bad debts .. · · · ····· · · · · · ... · · ·· •· · · · · . .. .. · • · · ····
Rent , ...... .. .. . .... .. .. . . . . . . . . . . . ..
. . . . . . ,
Taxes and licenses ...... ············ . ... . . ... . . . ... .
Interest
Deductions . . . .. . ... .. . . . · · ·· ·· · • · · · . . . . . . . . . . . . ' .
Depreciation .. ··· · • · ·· .. . . . ..... .. ........... .... , . ··· ······ ·
Depletion . . . . . . . .. .. . . . . . . . . . . ... . ... .. . .. . .. . . . . . . . . . .
Retirement plans, etc.
.. .. .. .. .. .. ... . .. . . . ,, ·· · · · . ..
Employee benefit programs . .. . .. ...... ... .. . .... .....
Other deductions . . . . . . . . . . .
···· ·· ········ ··· ···
Total deductions ... . · · · · ·· . . . . ... , .. .
Ordinarv business income (loss) . ..
Total balance due ...
. .. . . . . . . . . ...
'
Tax and Payments
· • ·· .. . · · ·· · · · ... .. .. · • ··· · . . . . . . . . · · ·• ·
Payment Amount owed
.. .. . .. .. . . . . ·• • · · · · ·· · · · · · · · · • •·· · . ... ...
Overcavment .
