Page 46 - Income Documentation

55169
Form 1065 (2020) ARMES FAMILY FARMS 75-2936011 Page 4
Schedule K Partners' Distributive Share Items Total amount
1 Ordinary business income (loss) {page 1, line 22) .. . .. .. . .. ... .
2 Net rental real estate income (loss) (attach Form 8825) . ..... . . . . . . .... . 1 ·3aT 2 79,367
3a Other gross rental income (loss) . . . . . . . . . . . . . . . . . . . . .
lt-3-b---l------
b Expenses from other rental activities (attach statement) . . . . . . . . . ... ... . .. ... .. .. .. .
c Other net rental income (loss). Subtract line 3b from line 3a 3c
4 Guaranteed payments: a Services I 4a I
U) · · · · · · · b Capital f 4b I
..._...;._.._ _______ --i
en
0 c Total. Add lines 4a and 4b 4c
:::!. 5 Interest income 5
Cl)
E 6 Dividends and dividend equivalents: a Ordinary dividends 6a
·
·
0 b Qualified dividends ._I ..::6.;;;b_._l _________ c Di~ici~~d ~qui~~-l~~t; r~· ·_6_~_-1·_· _· ·_• _· _· ·_· _·_· •_· ___ _· --1
CJ
C:
7 Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .... ..... ... .. ... .... ..... .. .. .... .. .. . . 7
8 Net short-term capital gain {loss) (attach Schedule D (Form 1065)) 8
9: ~:;,!:~!~:e:~;:t::~a;~~l:ts) {att.ach Sche.dule D (Fo.rm 1~5)).:.: ... . :: : : . T b T ...................... . 9a
9
c Unrecaptured section 1250 gain (attach statement) . . . . . . . . . . . . . . I sc I
10 Net section 1231 gain {loss) (attach Form 4797) .. .. ... ... . . . . .. . ... . .. . . . .. . .. ..... ... ....... .. .. . .. .. . 10
11 Other income (loss) (see instructions) Tvoe ► 11
.. 12 Section 179 deduction (attach Form 4562) . . . . . . . . . . . . . . . .. . . . . . . . . . . . . . . . . . . .. . . . . . . . .. . . .. . . . . . .... . .. . 13a
en
12
C
0
13a Contributions
.
(.) . . . . . . ' . . . . . . . . . . . .
:::, b Investment interest expense . . . . . . . . . . . . . . . . . . . . . . 13b
-c, ·· · • ·
.
.
c Section 59(e)(2) expenditures:(1) Type ►
Cl) d Other deductions (see instruction~) ·ryp·~ ·► . . ... . . . . . . .. . . . . . . . . .... .. . . . (2) Amount ► f-1_3_,e(_,2)+----------
C 13d
14a Net earnings (loss) from self-employment . .. ... . .... . .. . 14a
b Gross farming or fishing income .. 14b
c Gross nonfarm income ... .. ........ . 14c
1 Sa Low-income housing credit (section 42(j)(5)) . . . . . . ... ... . 15a
~ b Low-income housing credit {other) ... . 15b
"C c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) 15c
~ d Other rental real estate credits (see instructions) Type ► 15d
u Type ► . . . ..
e Other rental credits (see instructions) 158
f Other credits /see instructions) Tvoe ► 15f
16a Name of country or U.S. possession ►
b Gross income from all sources 16b
c Gross income sourced at partner level . . . . . .. . ... ... . . 16c
Cl)
C: Foreign gross income sourced at partnership level
0
:e d Reserved for future use ► . . . . . . . . . . . . . . . . . . . . . . . e Foreign branch category . . . . . . . . . . . . . . . . . . . . ► 16e
.
"' en f Passive category ► . . .. . . . . . . . . . . .. . . . . g General category ► . . . . . . . __ . . . . . . _ . . . h other {alt. statement) ► 16h
C Deductions allocated and apportioned at partner level
l.!
I- i Interest expense ► Other ► 16i
C: Deductions allocated and apportioned at partnership level to foreign source income
Cl
.
·a, k Reserved for future use ► .... _ . . . . . . . . . 161
... I Foreign branch category . . . . .. ►
0 m Passive category ► n General category ► o Other ► 160
LL
p Total foreign taxes (check~~~): ► · aid · 0 Accrued D : .......... ·::.:: . 16D
.
P
q Reduction in taxes available for credit (attach statement) . . . . . . . . . . . . . .. .. . 16q
r Other foreign tax information {attach statement)
17a Post-1986 depreciation adjustment 17a
b Adjusted gain or loss _ . . . . . . . . . . . . . . . . . . . . .... 17b
c Depletion (other than oil and gas) 17c
. .. ... ... .. ... .. .. . , .... , ..... .. ·· ···················•' ... . .. . ....... . . . . .
d Oil, gas, and geothermal properties - gross income 17d
e Oil, gas, and geothermal properties - deductions ....... .... . 17e
f Other AMT items (attach statement) . 17f
C 18a Tax-exempt interest income ... 18a
0
i - 18b
... : ~:~:et::;i~~:::~:~: : se : : • ::: : :::: . : : · •· . :: .. ···: ::: : :::: · : . :··· ··· ·· . .. . sE:E. ~~ATEMEID' ·1:. 18c 500
E
.2 19a Distributions of cash and marketable securities 19a 120 000
C b Distributions of other property 19b
...
Cl) 20a Investment income , ,, . . . . . . . ············ · ····- ··· 20a
.c: b Investment expenses . . . . . .. ... . 20b
5
c Other items and amounts (attach statement)
DAA Form 1065 (2020