Page 50 - Income Documentation

55169
PARTNER# 2 651119
i
F
□ nalK-1 □ Amended K-1 0MB No. 1545-0123
Schedule K-1 2020
(Form 1065) I Part 1111 Partner's Share of Current Year Income,
Department of the Treasury Deductions, Credits, and Other Items
Internal Revenue Se<vice For cale ndar year 2020, or tax year Ordinary business income (loss) Credits
beginning I I ending I I
Partner's Share of Income, Deductions, 2 Net rental real estate income (loss)
26,456
Credits, etc. ► ee separate instructions. *
S
3 Other net rental income (loss) 16 Foreign transactions
I Part I I Information About the Partnershio
A Partnership's employer identification nunber
4a Guaranteed payments for services
75-2936011
B Partnership's name, add<ess, city, state, and ZIP code
4b Guaranteed payments for capital
ARMES FAMILY FARMS
4c Total guaranteed payments
PO BOX 835
STEPEHNVILLE TX 76401
5 Interest income
C IRS Center where partnership filed return ►
E-FILE 6a Ordinary dividends
0 0 Check if this is a publicly traded partnersh ip (PTP)
6b QuaMied dividends
I Part 111 Information About the Partner 17 Alternative minimum tax (AMT) items
E Partner's SSN or TIN (Do not use TIN of a disregarded entity. See instructions.)
6c Dividend equivalents
451-76-1344
F Name, addtess, city, state, and ZIP code for partner entered in E. See instructions. 7 Royalties
NANCY LECROY
8 Net short-term capital gain (loss)
841 LIBERTY STREET 18
STEPHENVILLE TX 76401 9a Net longRterm capital gain (loss)
1----------------------+-~----------1 C* STM'I
G ~ General partner or LLC O Limited partner or other LLC 9b Collectibles (28%) gain (loss) i--:::'-+----- -----==.::
member-manager member
H1 ~ Domestic partner O Foreign partner
9c Urvecaplured section 1250 gain
H2 □ If the partner is a disregarded entity (DE), enter the partner's:
TIN 10 Net section 1231 gain (loss)
19 Distributions
Name
A 40,000
Other income {loss}
11
INDIVIDUAL
11 What type of entity is this partner?
12 If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here D
J Partner's share of profit, loss. and capital (see Instructions):
20 Other information
Beginning Ending
Profit 33 . 333334 % 33 . 333334 % 12 Section 179 deduction
Z* STM'I
Loss 33. 333334 % 33. 333334 %
13 Other deductions
Capital 33. 333334 % 33 . 333334 %
...... LJ !\H* STM'I
Check if decrease is due to sale or exchange ot partnership interest . . ..
K Partner's share of liabililies:
Beginning Ending
Nonrecourse . $ $
Qualified noorecourse
financing $
Recourse . . .. . . . $ 14 Self-employment earnings (loss)
I I Check this box if Item K includes liability amounts from lower tier partnerships,
L Panner's Capital Account Analysis
Beginning capital account 8,739
··· · ·· · ·• · · ·· · ·· $ -------~---
M
Capital contributed during the year .. . . .•. . • .• . . .... $ -------,,c-c:,---,,.,,:,-~ 21 H ore than one activity for at-risk purposes·
Current year net income (Joss) . . .. ... ... ... . .. ... . s ___ __.;:2;;_6'-','-4"-5~6 22 More than 011e activity for pa ssive activity purposes•
Other increase (decrease) (attach explanation) . .... . ... . s _ _________ _ •see attached statement for additional information.
Withdrawals & distributions ...... ..... .... s ~( ____ 4_0=--'~0=-0=-0-c,--) Z:-
c:
Ending capital account . . . · ·• · · · ······ · • · ···· · $ -4.805 0
M Did the partner contribute property with a built-in gain or loss? OJ
"'
::,
n Yes !XI No If "Yes," attach statemenl. See instructions.
en
N Partner's Share of Net Unrecognized Section 704{c) Gain or (loss) !f
_
_$ __________ 0
Beginning
LL
Ending .. . .... . ... $
For Paperwork Reduction Act Notice, see Instructions for Form 1065. www.irs.gov/Form1065 Schedule K-1 (Form 1065) 2020
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