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 beginning

Go 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																	92-4765432
Form 1065 (2019) Schedule K																	Total amount
1																	1	788,630.
2		Net rental real estate income (loss) (attach Form 8825)															2
3a				3a
b														3b
c
Income (Loss)	4	Guaranteed payments:	a Services					80,000.					b		Capital
	5							80,000.					b		Capital		4c 5 6a	80,000. 1,500.
	5
	6	Dividends and dividend equivalents:
	6	b Qualified dividends			c Dividend equivalents
	7	Royalties			c Dividend equivalents												7
8																	8	-9,000.
9a
b				9b													10	25,000.
c		Unrecaptured section 1250 gain (attach statement)										9c
10		Net section 1231 gain (loss) (attach Form 4797)
11		Other income (loss) (see instructions)
Deductions	12															(2) Amount
	13a																13a	15,800.
	b	Investment interest expense															13b
	c																13c
	d	Other deductions (see instructions)
Self- Employ- ment	14a	Net earnings (loss) from self-employment															14a
	b
																	14c		1,413,000.
15a		Low-income housing credit (section 42(j)(5))															15a 15b
Credits																	15a 15b
	c																			1,000.
	d										Type						15d 15e 15f
	e	Other rental credits (see instructions)							Type
f				Type
16a

c
Foreign Transactions	d	Foreign gross income sourced at partnership level
	d	Reserved for future use		e
	f			g										h		Other (attach statement)
	i
	i	Interest expense		j						Other
	k
	k			l
	m			n			General category							o		Other (attach statement)
p		Total foreign taxes (check one):
q
r																	17a			9,000.
17a		Post-1986 depreciation adjustment
Alternative Minimum Tax (AMT) Items	b
	b
	c
	d	Oil, gas, and geothermal properties
	e	Oil, gas, and geothermal properties		—		deductions
f		Other AMT items (attach statement)
Other Information	18a
	b
	c																	4,000. 600,000.
	19a																	4,000. 600,000.
	b
	20a																20a	27,500.
	b	Investment expenses															20b Form 1065 (2019)
	c	Other items and amounts (attach statement)

Form 1125-A (Rev. November 2018)		1	OMB No. 1545-0123
Name			Employer identification number

1
2		2
3	Cost of labor	3
4	Additional section 263A costs (attach schedule)	4
5		5
6		6
7	Inventory at end of year	7
8	Cost of goods sold. Subtract line 7 from line 6. Enter here and on Form 1120, page 1, line 2 or the	7

d If the

unde

appropriate line of your tax return. See instructions		8
Check all methods used for valuing closing inventory:
X

Other (Specify method used and attach explanation.)
Check if there was a writedown of subnormal goods
Check if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970) If the LIFO inventory method was used for this tax year, enter amount of closing inventory computed

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4.

5.

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	(iv) Country of Organization	(v) Maximum Percentage Owned in Profit, Loss, or Capital
Part II

SCHEDULE D (Form 1065)
SCHEDULE D (Form 1065)
Department of the Treasury Internal Revenue Service
Department of the Treasury Internal Revenue Service		Go to	www.irs.gov/Form1065		for instructions and the latest information.

									X	No
Did the partnership dispose of any investment(s) in a qualified opportunity fund during the tax year? If “Yes,” attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss.								Yes	X	No
to gain or loss from Adjustments This form may be easier to complete if you round off cents to (sales price) (or other basis) Form(s) 8949, Part I, combine the result whole dollars. line 2, column (g) with column (g)
1a
					111,000.		-9,000.
1b
2	Totals for all transactions reported on Form(s) 8949 with Box B checked
3	Totals for all transactions reported on Form(s) 8949 with Box C checked
4							4
5							5
6
							6
7	Net short-term capital gain or (loss).			Combine lines 1a through 6 in column (h). Enter here and

					(d)	(e)	(g) Adjustments to gain or loss from Form(s) 8949, Part II, line 2, column (g)	(h) Gain or (loss)
					(d)	(e)		Subtract column (e) from column (d) and combine the result with column (g)
					Proceeds (sales price)	Cost (or other basis)
This form may be easier to complete if you round off cents to whole dollars.					Proceeds (sales price)	Cost (or other basis)
8a

8b
9
10	Totals for all transactions reported on Form(s) 8949 with Box F checked
11	Long-term capital gain from installment sales from Form 6252, line 26 or 37						11
12							12
13
							13
14							14
15	Net long-term capital gain or (loss). Combine lines 8a through 14 in column (h). Enter here and
on Form 1065, Schedule K, line 9a or 11; or Form 8865, Schedule K, line 9a or 11							15
							Schedule D (Form 1065) 2019

Final K-1 Amended K-1 OMB No. 1545-0123 Schedule K-1 (Form 1065) 2019

K

L

Profit

Loss

Recourse

Beginning capital account

Did the partner contribute property with a built-in gain or loss?

Beginning

TIN

Yes
Check this box if Item K includes liability amounts from lower tier partnerships.

$

$
PARTNERSHIP

321,552.

376,065.

99,990.
Ending
%
%
%

)

beginning ending
Partner's Share of Income, Deductions,
Credits, etc. See page 2 and separate instructions.

Part I Information About the Partnership
A Partnership's employer identification number

Part II Information About the Partner

E Partner's SSN or TIN (Do not use TIN of a disregarded entity. See instructions.)

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

		Amount 7,110.
Code	Detail Statements Description
A

	EIN:		92-4765432
		PTP

	11,250.

Section 179 deduction
Charitable contributions
Other deductions

Cooperative
EIN:

PTP Aggregated Partner's share of: SSTB

Partnership: Prima Donna Partnership		EIN: 92-4765432	Amount $354,884. $675.
Partner:

J

K

Partner's share of profit, loss, and capital (see instructions):

Profit

Qualified nonrecourse financing

Recourse

Ending capital account

Did the partner contribute property with a built-in gain or loss?

If the partner is a disregarded entity (DE), enter the partner's:

TIN

$

$

Ending
55.0000
55.0000
55.0000

393,009.

$ 122,209.
23,100.

Ending
%
%
%

Part I Information About the Partnership
A Partnership's employer identification number

92-4765432
B Partnership's name, address, city, state, and ZIP code

E Partner's SSN or TIN (Do not use TIN of a disregarded entity. See instructions.)

567-54-4221
F Name, address, city, state, and ZIP code for partner entered in E. See instructions.

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	Detail Statements Description
A	Charities

	EIN:
		PTP
		Aggregated

	13,750.

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

Form 3468		Investment Credit
Form 3468		Attach to your tax return.
		Attach to your tax return.

						Identifying number
Prima Donna Partnership 92-4765432 Part I Information Regarding the Election To Treat the Lessee as the Purchaser of Investment Credit Property
1
2
3 Description of property 4 Amount for which you were treated as having acquired the property $
5

in section 48A(d)(3)(B)(i)			$		x 20% (0.20)
b

c	Qualified investment in advanced coal-based generation technology
property placed in service during the tax year for projects described in section 48A(d)(3)(B)(iii) $ x 30% (0.30)
						5d
6

separates and sequesters at least 75% of the project's carbon dioxide emissions $ x 30% (0.30)						6a
b
						6c
7
Qualified investment in advanced energy project property placed in
service during the tax year				$		x 30% (0.30)
8						8
							9	Form 3468 (2019)
							10
For Paperwork Reduction Act Notice, see separate instructions. UYA							10

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Caution: You can’t claim this credit if the electrical capacity of the property is more than 50				12p


p
q		$	x 10% (0.10)
q	If the electrical capacity of the property is measured in:	$	x 10% (0.10)
Megawatts, divide 15 by the megawatt capacity. Enter 1.0 if the capacity is 15 megawatts or



r	Multiply line 12p by line 12q			12r

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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 and

expense 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.
9		9

long-term capital gain on the Schedule D filed with your return. See instructions Part II Ordinary Gains and Losses (see instructions)
10	Ordinary gains and losses not included on lines 11 through 16 (include property held 1 year or less):	11	)
11		11
12		12
13		13
14		14
15	Ordinary gain from installment sales from Form 6252, line 25 or 36	15
16	Ordinary gain or (loss) from like-kind exchanges from Form 8824	16
17		17
18

loss from income-producing property on Schedule A (Form 1040 or Form 1040-SR), line 16. (Do not include any

loss on property used as an employee.) Identify as from "Form 4797, line 18a." See instructions		18a	Form 4797 (2019)
b		18b

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Partnership's name Prima Donna Partnership	Employer identifying number 92-4765432

Detail Statements

Code		Description	Amount
A		Description	15,800.

Code - Description E - Qual. rehabilitation expenditures(rental real estate)	Amount 1,000.

Statement A - QBI Pass-through Entity Reporting

Partnership's name:
Partner's name:	Partner's identifying number:

Ordinary business income (loss)
Ordinary business income (loss)
Rental income (loss)

Section 179 deduction
Charitable contributions
Other deductions

	132,000.

Partner's name: Partner's identifying number:

Cooperative
EIN:

	Beginning of tax year	End of tax year

2.

3.

8.

9.

STATEMENT 1
FORM 1065, LINE 20 (OTHER DEDUCTIONS)

	$	168,900.00



Other Taxes	$ 11,600.00

STATEMENT 5
FORM 1065, SCHEDULE L , LINE 6 - OTHER CURRENT ASSETS

DESCRIPTION BEGINNING BALANCE		ENDING BALANCE

STATEMENT 7
FORM 1125-A, LINE 5 Other Cost



	$ 12,000.00
TOTAL

DESCRIPTION AMOUNT
Ordinary Business Income

	$ 433,746.50

SCHEDULE K-1, PART III interest income


	$ 1,500.00
Allocation to Prima 45%

SCHEDULE K-1, PART III 8 Net Short term capital gain (LOSS)



	$ 3,000.00
TOTAL

	$ (4,950.00)

SCHEDULE K-1, PART III, 10, NET SECTION 1231 Gain/loss


	$ 15,800.00
Allocation to Prima 45%

SCHEDULE K-1, PART III, 18, Tax exmenpt income & Nondedectuble expenses



	$ 1,800.00
allocation to Donna 55%

DESCRIPTION AMOUNT
Investment Income

	$ 15,125.00

SCHEDULE K-1, PART III, 14A, self employment earning


	$ 1,413,000.00
Allocation to Prima 45%

RECONCILATION OF PARTNERS CAPITAL ACCOUNT

PARTNERS	BEG. CAPITAL	DISTRIBUTION	END. CAPITAL
PARTNERS	BEG. CAPITAL	DISTRIBUTION	END. CAPITAL
Marianna Prima 45%		$ 270,000.00	$ 427,617.00
Donna Hart 55%