Form 541 - Partnerships - Department Of Treasury Internal Revenue Service - 2002 Page 25

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SCHEDULE K-1
OMB No. 1545-0099
Partner’s Share of Income, Credits, Deductions, etc.
(Form 1065)
2002
See separate instructions.
Department of the Treasury
For calendar year 2002 or tax year beginning
, 2002, and ending
, 20
Internal Revenue Service
Partner’s identifying number
Partnership’s identifying number
123-00-6789
10 9876543
Partner’s name, address, and ZIP code
Partnership’s name, address, and ZIP code
Frank W. Able
AbleBaker Book Store
10 Green Street
334 West Main Street
Orange, MD 20904
Orange, MD 20904
A
This partner is a
general partner
limited partner
F
Partner’s share of liabilities (see instructions):
limited liability company member
Nonrecourse
$
Individual
B
What type of entity is this partner?
Qualified nonrecourse financing
$
10,900
C
Is this partner a
domestic or a
foreign partner?
Other
$
(i) Before change
(ii) End of
N/A
G Tax shelter registration number
or termination
year
D
Enter partner’s percentage of:
50
Profit sharing
%
%
H Check here if this partnership is a publicly traded
50
Loss sharing
%
%
partnership as defined in section 469(k)(2)
50
Ownership of capital
%
%
E
IRS Center where partnership filed return:
I
Check applicable boxes:
Final K-1
Amended K-1
Cincinnati
(1)
(2)
J
Analysis of partner’s capital account:
(c) Partner’s share of lines
(e) Capital account at end of
(a) Capital account at
(b) Capital contributed
(d) Withdrawals and
3, 4, and 7, Form 1065,
year (combine columns (a)
beginning of year
during year
distributions
through (d))
Schedule M-2
(
)
14,050
24,460
26,440
12,070
(c) 1040 filers enter the
(a) Distributive share item
(b) Amount
amount in column (b) on:
1
24,685
1
Ordinary income (loss) from trade or business activities
See page 6 of Partner’s
2
Instructions for Schedule K-1
2
Net income (loss) from rental real estate activities
(Form 1065).
3
3
Net income (loss) from other rental activities
4
Portfolio income (loss):
4a
a
Interest
Sch. B, Part I, line 1
4b
75
b
Ordinary dividends
Sch. B, Part II, line 5
4c
c
Royalties
Sch. E, Part I, line 4
4d
d
Net short-term capital gain (loss)
Sch. D, line 5, col. (f)
4e(1)
e
(1) Net long-term capital gain (loss)
Sch. D, line 12, col. (f)
4e(2)
(2) 28% rate gain (loss)
Sch. D, line 12, col. (g)
4e(3)
(3) Qualified 5-year gain
Line 5 of worksheet for Sch. D, line 29
4f
f
Other portfolio income (loss) (attach schedule)
Enter on applicable line of your return.
See page 6 of Partner’s
5
20,000
5
Guaranteed payments to partner
Instructions for Schedule K-1
6
6
Net section 1231 gain (loss) (other than due to casualty or theft)
(Form 1065).
7
Other income (loss) (attach schedule)
7
Enter on applicable line of your return.
8
325
Sch. A, line 15 or 16
8
Charitable contributions (see instructions) (attach schedule)
9
9
Section 179 expense deduction
See pages 7 and 8 of
10
Partner’s Instructions for
10
Deductions related to portfolio income (attach schedule)
Schedule K-1 (Form 1065).
11
Other deductions (attach schedule)
11
12a
Low-income housing credit:
12a(1)
Form 8586, line 5
(1) From section 42(j)(5) partnerships
12a(2)
(2) Other than on line 12a(1)
b
Qualified rehabilitation expenditures related to rental real estate
12b
activities
c
Credits (other than credits shown on lines 12a and 12b) related
See page 8 of Partner’s
12c
Instructions for Schedule K-1
to rental real estate activities
(Form 1065).
12d
d
Credits related to other rental activities
13
Other credits
13
For Paperwork Reduction Act Notice, see Instructions for Form 1065.
Schedule K-1 (Form 1065) 2002
Cat. No. 11394R
Page 25

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