Rock the Ages LLC - 10

.pdf
School
SUNY Empire State College **We aren't endorsed by this school
Course
BME 213604-02
Subject
Finance
Date
Nov 11, 2023
Pages
14
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SPSL1201L 07/06/22 Ryan Ross 111-11-1112 Supplemental Information (continued) 5 Schedule K-1 (Form 568) 2022 Page Member 1: Ryan Ross 111-11-1112 Analysis of Partners Capital Account Increases Tax-Exempt Interest and/or Tax-Exempt Other Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 800. Total $ 800. Decreases Guaranteed Payments (other than health insurance) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 800,000. Non-Deductible Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65,000. Total $ 865,000. Partner's share of increases and decreases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ -864,200. Line 12, column (d) Expense Deduction for Recovery Property Section 179 expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000. Total $ 5,000. Line 13a, column (d) Charitable Contributions Cash Contributions - 50% Limitation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,000. Total $ 7,000. Line 20c - Column d Other Information Proportionate Int. of Aggregate Gross Receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,261,200. Total $ 1,261,200.
TAXABLE YEAR CALIFORNIA SCHEDULE Member's Share of Income, 2022 K-1 (568) Deductions, Credits, etc. @ A What type of entity is this member? See instructions. (4) (7) (10) (1) C Corporation LLP Individual Exempt Organization (8) (11a) (2) (5) LLC Disregarded Entity (DE) S Corporation General Partnership (3) (6) (9) (11b) Estate/Trust IRA/Keogh/SEP DE owner's name Limited Partnership (11c) DE owner's TIN B Is this member a foreign member? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No @ C Enter member's percentage (without regard to special allocations) of: (i) (ii) Beginning Ending % % @ Profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . % % @ Loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . % % @ Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Check the box if decrease is due to sale or exchange of LLC interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D Member's share of liabilities: (i) (ii) Beginning Ending $ $ Nonrecourse . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . @ $ $ @ Qualified nonrecourse financing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ $ @ Recourse . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Check the box if Item E includes liability amounts from lower tier LLCs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E Reportable transaction or tax shelter registration number(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F (1) Check here if this is a publicly traded partnership as defined in IRC Section 469(k)(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . > (2) Check here if this is an investment partnership (R&TC Sections 17955 and 23040.1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . > CALA0212L 12/16/22 7901224 Schedule K-1 (568) 2022 Page 1 For Privacy Notice, get FTB 1131 EN-SP. 059 TYB 01-01-2022 TYE 12-31-2022 333-33-3334 CLARK CAREY 6102 WILSHIRE BOULEVARD SUITE LOS ANGELES CA 90036 55-5555556 000000000000 ROCK THE AGES LLC 6102 WILSHIRE BOULEVARD SUITE LOS ANGELES CA 90036 X X 25.0000 25.0000 25.0000 25.0000 25.0000 25.0000 50,000. 40,000. MEMBER 3
Member's name Member's identifying number G Check here if this is: (1) A final Schedule K-1 (568) (2) An amended Schedule K-1 (568) @ Is this member a resident of California? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No H @ G I Did this member contribute property with a built-in gain or loss? If "Yes" attach statement. See instructions . . . . . . . . . . . Yes No (i) Beginning J Member's share of net unrecognized IRC Section 704(c) gain or (loss) . . (ii) Ending K Analysis of member's tax basis capital account: (a) (b) (c) (d) (e) (f) Other increase Withdrawals and distributions Capital account at end of Current year net Capital account at beginning Capital contributed (decrease) year, combine column income (loss) of year during year (attach explanation) (a) through column (e) @ @ @ @ @ ( ) Caution: Refer to Member's Instructions for Schedule K-1 (568) before entering information from this schedule on your California return. (a) (b) (c) (d) (e) Distributive share items Amounts from California Total amounts using California source federal Schedule K-1 adjustments California law. Combine amounts and credits (Form 1065) col. (b) and col. (c) 1 Ordinary income (loss) from trade or business activities . . . . . . . . . . . . . . . . . ? G 2 Net income (loss) from rental real estate activities . . . . . . . . . . . . . . . . . . . ? G 3 Net income (loss) from other rental > > activities . . . . . . . . . . . . . . . . . . . . . . . . 4 a Guaranteed payments for services . . . . . . 4 b Guaranteed payments for capital . . . . . . . 4 c Total guaranteed payments . . . . . . . . . . . ? G 5 Interest income . . . . . . . . . . . . . . . . . . . ? G Income 6 Dividends . . . . . . . . . . . . . . . . . . . . . . . ? G (Loss) 7 Royalties . . . . . . . . . . . . . . . . . . . . . . . . ? G 8 Net short-term capital gain (loss) . . . . . . ? G 9 Net long-term capital gain (loss) . . . . . . . ? G 10 a Total gain under IRC Section 1231 (other than due to casualty or theft) . . . . ? G b Total loss under IRC Section 1231 (other than due to casualty or theft) . . . . ? G 11 a Other portfolio income (loss). Attach schedule . . . . . . . . . . . . . . . . . . . ? G b Total other income. Attach schedule . . . . . . . . . . . . . . . . . . . ? G c Total other loss. Attach schedule . . . . . . . . . . . . . . . . . . . ? G 7902224 CALA0212L 12/16/22 Page 2 Schedule K-1 (568) 2022 059 CLARK CAREY 333-33-3334 X X 200,000. 474,200. -264,200. ( 250,000.) 160,000. 244,800. 40,000. 284,800. 200,000. 200,000. 200,000. 200,000. 400. 400. -5,000. -5,000. 6,000. 6,000. MEMBER 3: CLARK CAREY 333-33-3334 SEE PAGE 5
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