Page 42 - Income Documentation

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I Fonn 1065 I Tax Return History Report, Page 2 I 2020
Partnership Name Employer Identification Number
7
ARMES FAMILY FARMS I 5-2936011
2018 2019 2020
Ordinary business income (loss) . . ...
Net rental real estate income (loss) 76 035 84 312 79 367
.... .... . . . ......
Other net rental income (loss)
··········· .... ... .
Guaranteed payments .. .. .... . . .
Interest, dividends, and royalties ... ......
Total capital gain (loss) .. ....... . .. .. .
Net section 1231 gain (loss) .. .
Other income (loss) . · •. .. .. . ...
Section 179 deduction ·• .. ...
Contributions
......... .. ·· ·•·· .. ...
Other Schedule K deductions
• · ••· ...... ····• · ·
Total foreign taxes .. ··• · • · .. . .
Netincome !loss) ··•· • · • .. . ... . 76 035 84 312 79 367
Schedule L, Total assets .. 22 255 19 111 16 703
Schedule L. Total liabiities .. ..... .... ..
Schedule M-2, Capital contributed ..... ... ·· ·-
Schedule M-2. Net income per books . • • · • . .. 71 552 80 668 79- 367
Schedule M-2, Distributions 60 000 66 000 120 -000
..... .. ..
Schedule M-2, Endng partners' capital . . .. 11 5 52 2 6 220 -14 413
Total assets Total liabilities
$27.000 I
-
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$10
$0'--- - - ---- ----- - - - --- --- - -
2018 2019 2020 2018 2019 2020
Net Income (Ion) Partners' capital
$105,000 1-- - - -- -- ·-· .... ·- -- $28,000 - ·-- --- .. -- ---
,.~J
$70,000 $14,000 I I
I I I . I I .$14,0: : I--. - -_-__ ___ _ _ __. ___ ......__.__._~'""'----""" ··
$35,000 -· ... . ··- I I
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$0 ,._ _ _______ __.__..____. ........... _._ .... a;;; r 1- , -✓ ... ---- ..... - · . .... ..... - I
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2018 2019 2020 2018 2019 2020