Page 39 - Income Documentation

55169

I 12019 & 2020
Form 1065 Two Year Comparison Worksheet, Page 2
Partnership Name Employer Identification Number

ARMES FAMILY FARMS 75-2936011
2019 2020 Differences
Ordinary business income (loss)
.
· · · · · · · ·· . . . . . . . . . . . ... .
Net rental real estate income (loss) 84,312 79,367 -4.945
..... . . . .. .. . · ·· · ··
Ne! other rental income (loss)
. . . . .. . . . . . . . • ·
Guaranteed payments .. .. ... .. . . . . . . . . . · • · · • • · · . . . . ...
Interest income .. ... ... .. . . . . . . . . . . . .. . . ... · · • · . ..
Income Ordinary dividends
. . . . ··· · · · · · .. . ... . ... . ··· · · ·· ·
(Loss) Qualified dividends . . , . . · -· ·· ····· .. . . . . . . .... · • ·
Dividend equivalents .. .. .. ... ... .. . .
Royalties .... . .. .. . .. .... .. .. ..
·· · · •·· ·· · ·· · ··· ·· · · · ··- · · · ·
Net short-term capital gain (loss) .. .... . . .. . .. . .. .. . .
Net long-term capital gain (loss) .. .. .... ' .. .. ··· • • ·· . . . ·· · • ·· ·
Net section 1231 gain (loss) . ... ...... .. . . .... . .. . . . . . . .
Other income (loss\
Section 179 deduction .. .. . . ... ...... ·· ··· ···••········ ... .
Contributions .. ...
. . . . . . . . . ··· ·· ·······•· ··········· ·
Deductions Investment interest expense
.. ... · · • · ···•· · · · • · • · .... · • ·
Section 59(e)(2) expenditures .. . . . . . ·· · · · · ·• · ··· ...
.
Other deductions ..
Net earnings (loss) from self-employment
Self- · · · ·· · · ·•· · .. ·· · · •··
Gross farm or fishing income .. .. . . . . ..
Employment . . . . . . . . . . .
Gross nonfarm income
Low-income housing credit (section 42(j)(5)) .
.. .. . ..
Low-income housing credit (other) . .. ·· ··· .. . . . . .. . ..
Credits Qualified rehab expenditures (rental real estate) .. · · ·· · · · ··· ·
Other rental real estate credits
. . . . . . . . . . . . . . . . . · · · · ·· · •···
Other rental credits
... . .. . . .. .. . . ... · · •· .
Other credits . . . . .... .. . ..
Total foreign gross income ... .. . . .. ... . . . .
Foreign Total foreign deductions . . . . . . . · · ·· • · · ........ .......
Transactiom1 Total foreign taxes paid and accrued
. .. . . .. · · ·· ·· · · · · •· ·• · · ..
Reduction in taxes available for credit . .. .
Post-1986 depreciation adjustment
. . . ... .. · ···· · · . .... .. ..
Alternative Adjusted gain or loss ... . .. .. . ·· ······ . . .... . .. . . . .. . .
Minimum Depletion (other than oil and gas)
.. .. . .. . . . .. . . . . .
Tax (AMT) Oil. gas, and geothermal properties - gross income
. . .. · ·· · ··
Items Oil, gas, and geothermal properties - deductions ..
Other AMT items .
Tax-exempt interest income
.. . . ... . . . . . .
Other tax-exempt income
. . . . . . . . . . . . . . . . ' . .. ... . · • · · . , . . .. .
Nondeductible expenses 500 500
· · · · ·· · · · ···· ·· ·· · · ·· · ·· · •···· ..
Other Distributions of cash and marketable securities ... · · · ·· · .. 66,000 120.000 54,000
Information Distributions of other property . .. . ... ···········
Investment income
.. . . .... ·· ··· ·· .. . .... ·· · · · · . . .
Investment expenses .. .... .. .. ·· • · .. . .. . · •· ··
Net Income (loss) .. ... ····· ··· . .... . ······· . . . . .. ... 84.312 79,367 -4,945