And zip codeprima donna partnership flamingo drive haines city
paraphrased I also certify that this paper was prepared by me specifically for this course.
Signature Member 1 : _________N.B._________
Internal Revenue Service
1065 For calendar year 2019, or tax year beginningGo to
U.S. Return of Partnership Income
Manufacturing Prima Donna Partnership 92-4765432
B Principal product or service Type Number, street, and room or suite no. If a P.O. box, see instructions. E Date business started
G Check applicable boxes: (1) Initial return (2) Final return (3) Name change (4) Address change (5) Amended return
H Check accounting method: (1) Cash (2) X Accrual (3) Other (specify)
1 Gross receipts or sales 1a 2,850,000.
b Returns and allowances 1b 27,000.
5 Net farm profit (loss) (attach Schedule F (Form 1040 or 1040-SR)) 5
6 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) 6
11 Repairs and maintenance 11 63,800.
12 Bad debts 12 24,000.
b 16b 16c 92,270.
17 Depletion (Do not deduct oil and gas depletion.) 17
22 Ordinary business income (loss). Subtract line 21 from line 8 22 788,630.
23 23
28 Payment (see instructions) 28
29 Amount owed. If line 28 is smaller than line 27, enter amount owed 29
May the IRS discuss this return
Here with the preparer shown below?
Preparer
Use Only Firm's name Firm's EIN
Form 1065 (2019) Prima Donna Partnership
92-4765432 Page 2 Schedule B
Other Information
1 What type of entity is filing this return? Check the
applicable box: Yes No
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If “Yes” to any, complete and attach Form 8990.
25 Is the partnership electing out of the centralized partnership audit regime under section 6221(b)? See instructions. X If “Yes,” the partnership must complete Schedule B-2 (Form 1065). Enter the total from Schedule B-2, Part III,
line 3.If the PR is an entity, name of the designated individual for the PR
U.S. address of U.S. phone number of
designated individual designated individual
26 Is the partnership attaching Form 8996 to certify as a Qualified Opportunity Fund? X $ If “Yes,” enter the amount from Form 8996, line 14.
Form 1065 (2019) Schedule K | Prima Donna
Partnership Partners' Distributive Share Items |
92-4765432 | Page 4 | |||||||||||||||||||||||
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Total amount | ||||||||||||||||||||||||||
1 | 1 | 788,630. | ||||||||||||||||||||||||
2 |
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3a | 3a | |||||||||||||||||||||||||
b | 3b | |||||||||||||||||||||||||
c | ||||||||||||||||||||||||||
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4 | Guaranteed payments: |
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80,000. | b | Capital | ||||||||||||||||||||
5 |
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6 | Dividends and dividend equivalents: | |||||||||||||||||||||||||
b Qualified dividends | c Dividend equivalents | |||||||||||||||||||||||||
7 |
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8 | 8 | -9,000. | ||||||||||||||||||||||||
9a | ||||||||||||||||||||||||||
b | 9b | 10 | 25,000. | |||||||||||||||||||||||
c |
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9c | ||||||||||||||||||||||||
10 |
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11 | Other income (loss) (see instructions) | |||||||||||||||||||||||||
Deductions | 12 | (2) Amount | ||||||||||||||||||||||||
13a | 13a | 15,800. | ||||||||||||||||||||||||
b |
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c | 13c | |||||||||||||||||||||||||
d | Other deductions (see instructions) | |||||||||||||||||||||||||
Self- Employ- ment |
14a |
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b | ||||||||||||||||||||||||||
14c | 1,413,000. | |||||||||||||||||||||||||
15a |
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Credits | ||||||||||||||||||||||||||
c | 1,000. | |||||||||||||||||||||||||
d |
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e |
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f | Type | |||||||||||||||||||||||||
16a | ||||||||||||||||||||||||||
c | ||||||||||||||||||||||||||
Foreign Transactions | d |
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e | |||||||||||||||||||||||||
f | g | h | Other (attach statement) | |||||||||||||||||||||||
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m | n |
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o | Other (attach statement) | ||||||||||||||||||||||
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9,000. | ||||||||||||||||||||||||
17a |
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Alternative Minimum Tax (AMT) Items |
b | |||||||||||||||||||||||||
c | ||||||||||||||||||||||||||
d | Oil, gas, and geothermal properties | |||||||||||||||||||||||||
e | Oil, gas, and geothermal properties | — |
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f |
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Other Information | 18a | |||||||||||||||||||||||||
b | ||||||||||||||||||||||||||
c | 4,000. 600,000. |
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19a | ||||||||||||||||||||||||||
b | ||||||||||||||||||||||||||
20a | 20a | 27,500. | ||||||||||||||||||||||||
b |
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c | Other items and amounts (attach statement) | |||||||||||||||||||||||||
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1 | OMB No. 1545-0123 | ||
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Other (Specify method used and attach explanation.) |
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Amount 71,000. |
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4.
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10.
UYA
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More of the Partnership OMB No. 1545-0123
Department of the Treasury Attach to Form 1065.
2009 through 2017))
Complete columns (i) through (v) below for any foreign or domestic corporation, partnership (including any entity treated as a
Part II | (iii) Type of Entity |
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to gain or loss from Adjustments
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111,000. | -9,000. | |||||||||||
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(d) | (e) | (g) Adjustments to gain or loss from Form(s) 8949, Part II, line 2, column (g) |
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Subtract column (e) from column (d) and combine the result with column (g) | ||||||||||||
Proceeds (sales price) |
Cost (or other basis) |
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Schedule D (Form 1065) 2019 | ||||||||||||
Final K-1 Amended K-1 OMB No. 1545-0123 Schedule K-1 (Form 1065) 2019
$ $ 321,552. 376,065.
) beginning ending
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For Paperwork Reduction Act Notice, see Instructions for Form 1065. UYA 04/01/2020 07:19:20PM www.irs.gov/Form1065 | Schedule K-1 (Form 1065) 2019 |
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Code |
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EIN: |
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11,250. |
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Section 179 deduction
Charitable contributions
Other deductions
Cooperative
EIN:PTP Aggregated Partner's share of: SSTB
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EIN: 92-4765432 |
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Partner: | |||
$ $
393,009.
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For Paperwork Reduction Act Notice, see Instructions for Form 1065. UYA 04/01/2020 07:19:20PM www.irs.gov/Form1065 | Schedule K-1 (Form 1065) 2019 |
Code |
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A |
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EIN: | |||
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13,750. |
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Section 199A dividends
PTP Aggregated Partner's share of: SSTB
QBI items allocable to qualified payments subject to partner-specific determinations:
Partnership: Prima Donna Partnership EIN: 92-4765432
Partner: Donna Hart ID Number: 567-54-4221
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Investment Credit | ||||||||
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Attach to your tax return. | |||||||||
Identifying number | |||||||||
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9 | Form 3468 (2019) | ||||||||
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x 10% (0.10) | |||
If the electrical capacity of the property is measured in: | |||||
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04/01/2020 07:19:20PM
Attachment 2019
Internal Revenue Service Attach to your tax return. Sequence No. 27
substitute statement) that you are including on line 2, 10, or 20. See instructions 1
Part I Sales or Exchanges of Property Used in a Trade or Business and Involuntary Conversions From
acquisition
improvements andexpense of sale sum of (d) and (e)
6 Gain, if any, from line 32, from other than casualty or theft 6
7 Combine lines 2 through 6. Enter the gain or (loss) here and on the appropriate line as follows 7 25,000.
1231 losses, or they were recaptured in an earlier year, enter the gain from line 7 as a long-term capital gain on
the Schedule D filed with your return and skip lines 8, 9, 11, and 12 below.
8 | 8 | 0. | ||
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9 | 9 | |||
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17 | 17 | |||
18 |
loss from income-producing property on Schedule A (Form 1040 or Form 1040-SR), line 16. (Do not include any
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18a | Form 4797 (2019) | |
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b | 18b | ||
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Partnership's name Prima Donna Partnership |
Employer identifying number 92-4765432 |
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Detail Statements
Code | Description | Amount | |
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A | 15,800. |
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Statement A - QBI Pass-through Entity Reporting
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Partner's name: | Partner's identifying number: |
Ordinary business income (loss) | ![]() |
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Rental income (loss) | ![]() |
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Section 179 deduction
Charitable contributions
Other deductions
132,000. |
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Partner's name: Partner's identifying number:
Cooperative
EIN:
Beginning of tax year | End of tax year |
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2.
3.
8.
9.
STATEMENT 1
FORM 1065, LINE 20 (OTHER DEDUCTIONS)
$ | 168,900.00 |
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STATEMENT 5
FORM 1065, SCHEDULE L , LINE 6 - OTHER CURRENT ASSETS
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ENDING BALANCE | |
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STATEMENT 7
FORM 1125-A, LINE 5 Other Cost
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SCHEDULE K-1, PART III interest income
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SCHEDULE K-1, PART III 8 Net Short term capital gain (LOSS)
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SCHEDULE K-1, PART III, 10, NET SECTION 1231 Gain/loss
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SCHEDULE K-1, PART III, 18, Tax exmenpt income & Nondedectuble expenses
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SCHEDULE K-1, PART III, 14A, self employment earning
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RECONCILATION OF PARTNERS CAPITAL ACCOUNT
PARTNERS | BEG. CAPITAL | DISTRIBUTION | END. CAPITAL | |
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Marianna Prima 45% |
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Donna Hart 55% |