Page 51 - Income Documentation

55169
PARTNER# 3 651119
Shdl K1 - 2020 □ Fi11alK-1 D Amended K-1 0MB No. 1545-0123
C e
ue
(Form 1065) I Part 1111 Partner's Share of Current Year Income,
Deductions. Credits. and Other Items
Department of the Treasury
Internal Revenue Service For calendar year 2020, or tex year 1 Ordinary busine$S income (loss) 16 Credits
beginnir.g I I ending I I
2
Partner's Share of Income, Deductions, * Net rental real estate Income (loss}
26,455
Credits, etc. ► See separate instructions.
3 Other net rental income (loss) 16 Foreign transactions
I Part 11 Information About the Partnershio
A Partnership's employer identification number
4a Guaranteed payments for services
75-2936011
B Partnership"s name. address. city, state, and ZIP code
4b Guaranteed payments for capital
ARMES FAMILY FARMS
4c Total guaranteed payments
PO BOX 835
STEPEHNVILLE TX 76401
s Interest income
►
C IRS Center where partnership filed return
E-FILE 6a Ordinary dividends
□
D Check ,f this Is a publicly traded partnership (PTP)
I Part II I Information About the Partner 6b Qualified dividends 17 Alternative minimum tax (AMT] items
E Panne~• SSN or TIN {Do not use TIN of a disregarded entity. See instructions.)
6c Dividend equivalents
456-86-5076
F Name, address, city. state, and ZIP code for partner entered in E. See instructions. 7 Royallies
PAUL w ARMES
8 Net short-term capital gain (loss)
PO BOX 835 18 Tax-exempt income and
nondeductible expenses
STEPHENVILLE TX 76401 9a Net long-term capital gain {loss)
C* STM'I
Ltmlled panner or other LLC
G ~ General partner or LLC □ 9b Collectibles {28%) gain (loss)
member
member-manager
~ □ 9c Unrecaptured section 1250 ga,n
H1 Domestic partner Foreign partner
H2 □ If the pallner is a disregarded entity (DE), enter the partner's:
TIN 10 Net section 1231 gain {loss)
19 Distributions
Name
A 40,000
11 Other income {loss)
11 What type ol entity is this partner? INDIVIDUAL
12 If this partner is a retirement plan (IRN SEP/Keogh/etc. ). check here □
J ~artner's share of profit. loss, and capital (see instructions): 20 Other information
Beginning Ending
Profit 33.333333 % 33.333333 % 12 Section 179 deduction
Z* STM'r
Loss 33. 333333 % 33. 333333 %
Caoital 33. 333333 % 33.333333 % 13 Other deductions ~* STM'r
.... □
. . . .. .
Check if decrease is due to sale or exchange of partnership interest .
K Partne~s share of liabilities: Beginning Ending
Nonrecourse . S $
Qualified nonrecourse
financing $ $
Recourse . ,$ $ 14 Self-employment earnings (loss)
I I Check this box ~ Item K indudes liabilitv amounts from lower tier partnerships
I. Partner's Capltat Account Analysis
Beginning capital account . . .. $ 8L741
Capital contributed during the year .. . . . ··· ·· .... $ 21 More than one activity for at-risk pu-poses•
Current year net income (loss) .. ... . .. .. $ 26f455 22 ~ More than one activity for passive activity purposes*
Other increase (decrease) (attach explanation) .. . .. .. $ *See attached statement for additional information.
Withdrawals & distributions .. . .. ... .. . . . $ ( 40f000 l 2?-
Ending capital account .. .. .. ····· ·· .... . $ -4 804 0 C:
M Did the partner contribute property with a built-in gain or loss? Cl)
"'
:>
n Yes IX] No If "Yes," attach statement. See instructions.
(/)
Q;
N Partner's Share of Net Unrecognized Section 704(c) Gain or (Loss)
5
Beginning . . , . .... . ... .. s u..
Ending . .... .. . $
· · · ·· · ·· · •
For Pape,worl< Reduction Act Notice, see Instructions for Form 1065. www.trs.gov/Form1065 Schedule K-1 (Fonn 1065) 2020
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