Form 541 - Partnerships - Department Of Treasury Internal Revenue Service

Form 1065 (2002)

Page

Schedule A

Cost of Goods Sold (see page 18 of the instructions)

18,125

Inventory at beginning of year

268,741

Purchases less cost of items withdrawn for personal use

– 0 –

Cost of labor

– 0 –

Additional section 263A costs (attach schedule)

– 0 –

Other costs (attach schedule)

286,866

Total. Add lines 1 through 5

19,225

Inventory at end of year

267,641

Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2

9a Check all methods used for valuing closing inventory:

(i)

Cost as described in Regulations section 1.471-3

(ii)

Lower of cost or market as described in Regulations section 1.471-4

(iii)

Other (specify method used and attach explanation)

b Check this box if there was a writedown of “subnormal” goods as described in Regulations section 1.471-2(c)

Check this box if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970)

Yes

d Do the rules of section 263A (for property produced or acquired for resale) apply to the partnership?

e Was there any change in determining quantities, cost, or valuations between opening and closing inventory?

Yes

If “Yes,” attach explanation.

Schedule B

Other Information

Yes

What type of entity is filing this return? Check the applicable box:

Domestic general partnership

Domestic limited partnership

Domestic limited liability company

Domestic limited liability partnership

Foreign partnership

Other

Are any partners in this partnership also partnerships?

During the partnership’s tax year, did the partnership own any interest in another partnership or in any foreign

entity that was disregarded as an entity separate from its owner under Regulations sections 301.7701-2 and

301.7701-3? If yes, see instructions for required attachment

Is this partnership subject to the consolidated audit procedures of sections 6221 through 6233? If “Yes,” see

Designation of Tax Matters Partner below

Does this partnership meet all three of the following requirements?

a The partnership’s total receipts for the tax year were less than $250,000;

The partnership’s total assets at the end of the tax year were less than $600,000; and

Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including

extensions) for the partnership return.

If “Yes,” the partnership is not required to complete Schedules L, M-1, and M-2; Item F on page 1 of Form 1065;

or Item J on Schedule K-1

Does this partnership have any foreign partners? If “Yes,” the partnership may have to file Forms 8804, 8805

and 8813. See page 20 of the instructions

Is this partnership a publicly traded partnership as defined in section 469(k)(2)?

Has this partnership filed, or is it required to file, Form 8264, Application for Registration of a Tax Shelter?

At any time during calendar year 2002, did the partnership have an interest in or a signature or other authority

over a financial account in a foreign country (such as a bank account, securities account, or other financial

account)? See page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If “Yes,”

enter the name of the foreign country.

During the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a

foreign trust? If “Yes,” the partnership may have to file Form 3520. See page 20 of the instructions

Was there a distribution of property or a transfer (e.g., by sale or death) of a partnership interest during the tax

year? If “Yes,” you may elect to adjust the basis of the partnership’s assets under section 754 by attaching the

statement described under Elections Made By the Partnership on page 8 of the instructions

Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached

– 0 –

to this return

Designation of Tax Matters Partner (see page 20 of the instructions)

Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return:

Name of

Identifying

designated TMP

number of TMP

Address of

designated TMP

1065

Form

(2002)

Page 22

Form 541 - Partnerships - Department Of Treasury Internal Revenue Service - 2002 Page 22

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