1065 U.S. Return of Partnership Income 2018

OMB No. 1545-0123U.S. Return of Partnership IncomeForm 1065 For calendar year 2018, or tax year beginning , 2018,

. 2018ending , 20Department of the TreasuryInternal Revenue Service G Go to www.irs.gov/Form1065 for instructions and the latest information.

Principal business activityA D Employer identification no.

Principal product or service Date business startedB EType

orPrint

Business code number Total assets (see instructions)C F

$

Check applicable boxes: Initial return Final return Name change Address change Amended returnG (1) (2) (3) (4) (5)

GCheck accounting method: Cash Accrual Other (specify)H (1) (2) (3)

GNumber of Schedules K-1. Attach one for each person who was a partner at any time during the tax year.I

Check if Schedules C and M-3 are attached . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J G

Caution: Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information.

Gross receipts or sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 a 1 a

b 1 bReturns and allowances. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

c 1 cBalance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

22 Cost of goods sold (attach Form 1125-A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

33 Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . IN 4 Ordinary income (loss) from other partnerships, estates, and trustsC

4O (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M

5E Net farm profit (loss) (attach Schedule F (Form 1040)). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

6Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6Other income (loss)7

7(attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

88 Total income (loss). Combine lines 3 through 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

99S Salaries and wages (other than to partners) (less employment credits). . . . . . . . . . . . . . . . . . . . . . . . . . . . . E

10Guaranteed payments to partners. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E 10

11Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I 11N

12Bad debts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12ST

13Rent. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . R 13D S

14E 14 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D F

Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15U OC R 16a 16 aDepreciation (if required, attach Form 4562). . . . . . . . . . . . . . . . . . . . . . . . . . . TI L 16cb Less depreciation reported on Form 1125-A and elsewhere on return. . . . 16 bO IN M 1717 Depletion (Do not deduct oil and gas depletion.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . S I

T 18Retirement plans, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18AT 19 19Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I

Other deductions (att stmt) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20O 20N

21 Total deductions. Add the amounts shown in the far right column for lines 9 through 20. . . . . . . . . . . . . 21S

22 Ordinary business income (loss). Subtract line 21 from line 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22T 23 Interest due under the look-back method ' completed long-term contracts (attach Form 8697) . . . . . . 23AX 24 Interest due under the look-back method ' income forecast method (attach Form 8866) . . . . . . . . . . . . 24

25 BBA AAR imputed underpayment (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25AN

26 Other taxes (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26D

27 Total balance due. Add lines 23 through 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27PA 28 Payment (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28YM 29 Amount owed. If line 28 is smaller than line 27, enter amount owed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29EN 30 Overpayment. If line 28 is larger than line 27, enter overpayment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30T

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it istrue, correct, and complete. Declaration of preparer (other than partner or limited liability company member) is based on all information of which preparer has anyknowledge.Sign May the IRS discuss this return

with the preparer shown below?Here See instructions.Yes NoA A

Signature of partner or limited liability company member Date

Print/Type preparer's name Preparer's signature Date PTINCheck if

self-employedPaid

Firm's name Firm's EING GPreparerFirm's address GUse Only

Phone no.

PTPA0105L 09/10/18BAA For Paperwork Reduction Act Notice, see separate instructions. Form 1065 (2018)

Service 99-9999999

Consulting 1/01/2017

541990 1,000,000.

Buckeye Consulting, LLC2015 National Champions DrBuckeye, AZ 85326

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1,400,000.

1,400,000.

1,400,000.

1,400,000.190,000.220,000.

4,700.

68,000.41,230.2,000.

13,760.13,760.

24,700.

150,810.715,200.684,800.

Self-Prepared

See Statement 1

Page 2Form 1065 (2018)

Schedule B Other InformationWhat type of entity is filing this return? Check the applicable box:1 Yes No

Domestic general partnership Domestic limited partnershipa b

Domestic limited liability company Domestic limited liability partnershipc d

Foreign partnership Othere f G

At the end of the tax year:2Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax-exemptaorganization, or any foreign government own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital ofthe partnership? For rules of constructive ownership, see instructions. If "Yes," attach Schedule B-1, Information on Partners

Owning 50% or More of the Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Did any individual or estate own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of thebpartnership? For rules of constructive ownership, see instructions. If "Yes," attach Schedule B-1, Information on PartnersOwning 50% or More of the Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

At the end of the tax year, did the partnership:3Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitledato vote of any foreign or domestic corporation? For rules of constructive ownership, see instructions. If "Yes," complete (i)through (iv) below. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(i) Name of Corporation (ii) Employer (iv) Percentage(iii) Country ofIdentification Owned inIncorporation

Number (if any) Voting Stock

Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss, or capitalbin any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a trust? Forrules of constructive ownership, see instructions. If "Yes," complete (i) through (v) below. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(i) Name of Entity (ii) Employer (iii) Type of (iv) Country of (v) MaximumIdentification Entity Organization Percentage

Number (if any) Owned in Profit,Loss, or Capital

4 Does the partnership satisfy all four of the following conditions? Yes No

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

b The partnership's total assets at the end of the tax year were less than $1 million.

c 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.

d The partnership is not filing and is not required to file Schedule M-3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If "Yes," the partnership is not required to complete Schedules L, M-1, and M-2; item F on page 1 of Form 1065; oritem L on Schedule K-1.

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

6 During the tax year, did the partnership have any debt that was canceled, was forgiven, or had the terms modified so as toreduce the principal amount of the debt?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Has this partnership filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide information onany reportable transaction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

At any time during calendar year 2018, did the partnership have an interest in or a signature or other authority over8a financial account in a foreign country (such as a bank account, securities account, or other financial account)? See theinstructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial

GAccounts (FBAR). If "Yes," enter the name of the foreign country.

At any time during the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a9foreign trust? If "Yes," the partnership may have to file Form 3520, Annual Return To Report Transactions With ForeignTrusts and Receipt of Certain Foreign Gifts. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Is the partnership making, or had it previously made (and not revoked), a section 754 election? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 aSee instructions for details regarding a section 754 election.

Did the partnership make for this tax year an optional basis adjustment under section 743(b) or 734(b)? If "Yes," attach ab

statement showing the computation and allocation of the basis adjustment. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Schedule B Other Information (continued)

Yes No

Is the partnership required to adjust the basis of partnership assets under section 743(b) or 734(b) because of a substantialcbuilt-in loss (as defined under section 743(d)) or substantial basis reduction (as defined under section 734(d))? If "Yes," attacha statement showing the computation and allocation of the basis adjustment. See instructions

Check this box if, during the current or prior tax year, the partnership distributed any property received in a like-kind11exchange or contributed such property to another entity (other than disregarded entities wholly owned by the

Gpartnership throughout the tax year). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

At any time during the tax year, did the partnership distribute to any partner a tenancy-in-common or other undivided interest12in partnership property?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If the partnership is required to file Form 8858, Information Return of U.S. Persons With Respect To Foreign Disregarded13Entities (FDEs) and Foreign Branches (FBs), enter the number of Forms 8858 attached.

GSee instructions

Does the partnership have any foreign partners? If "Yes," enter the number of Forms 8805, Foreign Partner's Information14Statement of Section 1446 Withholding Tax, filed for this partnership. G

Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached15to this return. G

Did you make any payments in 2018 that would require you to file Form(s) 1099? See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . 16 a

If "Yes," did you or will you file required Form(s) 1099?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b

Enter the number of Form(s) 5471, Information Return of U.S. Persons With Respect To Certain Foreign Corporations,17

attached to this return. G

18 Enter the number of partners that are foreign governments under section 892. G

19 During the partnership's tax year, did the partnership make any payments that would require it to file Form 1042 and 1042-Sunder chapter 3 (sections 1441 through 1464) or chapter 4 (sections 1471 through 1474)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20 Was the partnership a specified domestic entity required to file Form 8938 for the tax year? See the Instructions forForm 8938. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Is the partnership a section 721(c) partnership, as defined in Treasury Regulations section 1.721(c)-1T(b)(14)? . . . . . . . . . . . . . . . 21

During the tax year, did the partnership pay or accrue any interest or royalty for which the deduction is not allowed under22

section 267A? See instructions. If "Yes," enter the total amount of the disallowed deductions. $G

Did the partnership have an election under section 163(j) for any real property trade or business or any farming business in23

effect during the tax year? See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Does the partnership satisfy one of the following conditions and the partnership does not own a pass-through entity with current24year, or prior year, carryover excess business interest expense? See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

a The partnership's aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years preceding thecurrent tax year do not exceed $25 million, and the partnership is not a tax shelter, or

The partnership only has business interest expense from (1) an electing real property trade or business, (2) an electingbfarming business, or (3) certain utility businesses under section 163(j)(7).

If "No," complete and attach Form 8990.

Is the partnership electing out of the centralized partnership audit regime under section 6221(b)? See instructions.25

If "Yes," the partnership must complete Schedule B-2 (Form 1065). Enter the total from Schedule B-2, Part III,

Gline 3.

If "No," complete Designation of Partnership Representative below.

Designation of Partnership Representative (see instructions)Enter below the information for the partnership representative (PR) for the tax year covered by this return.

U.S. taxpayerName of identificationA APR

number of PR

U.S. address of PR U.S. phoneA Anumber of PR

U.S. taxpayerIf the PR is anidentificationentity, name ofnumber of thethe designateddesignatedindividual for A Aindividualthe PR

U.S. phonenumber of

U.S. address of designateddesignated AA individualindividual

Is the partnership attaching Form 8996 to certify as a Qualified Opportunity Fund?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26If "Yes," enter the amount from Form 8996, line 13. G $

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Total amountSchedule K Partners' Distributive Share ItemsOrdinary business income (loss) (page 1, line 22). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1

Net rental real estate income (loss) (attach Form 8825) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2

Other gross rental income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 a 3a

Expenses from other rental activities (attach stmt). . . . . . . . . . . . . . . . . . . . . . . . . . . . b 3b

Other net rental income (loss). Subtract line 3b from line 3a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c 3 c

Guaranteed payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 4

Interest income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 5Income Ordinary dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . aDividends and dividend equivalents:6 6 a(Loss)

b 6bQualified dividends . . . . . . . . . . . . . . . . . . . . . . . . .

c Dividend equivalents. . . . . . . . . . . . . . . . . . . . . . . . . 6c

Royalties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 7

Net short-term capital gain (loss) (attach Schedule D (Form 1065)). . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 8

Net long-term capital gain (loss) (attach Schedule D (Form 1065)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 a 9 a

Collectibles (28%) gain (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 9b

Unrecaptured section 1250 gain (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . c 9c

10 10Net section 1231 gain (loss) (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

GTypeOther income (loss) (see instructions)11 11

Section 179 deduction (attach Form 4562). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 12

Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 a 13aDeduc-

Investment interest expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 13btions

G GType AmountSection 59(e)(2) expenditures:c (1) (2) 13c(2)

GTypeOther deductions (see instructions)d 13d

Net earnings (loss) from self-employment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 a 14aSelf-Employ- Gross farming or fishing income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 14bment

Gross nonfarm income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c 14c

15aLow-income housing credit (section 42(j)(5)). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 aLow-income housing credit (other) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 15b

Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) . . . . . . . . . . . . . . . . . . . . . . . . . c 15cCredits

GOther rental real estate credits (see instructions) Typed 15d

GOther rental credits (see instructions) . . . . . . . . . . . Typee 15e

GOther credits (see instructions) . . . . . . . . . . . . . . . . . Typef 15f

GName of country or U.S. possession . . . 16 a

Gross income from all sources. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 16b

Gross income sourced at partner level. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c 16c

Foreign gross income sourced at partnership level

16ed eSection 951A category Foreign branch categoryG G

G GPassive category General category h 16hf g GOther (att. stmt.)Foreign

Deductions allocated and apportioned at partner levelTrans-actions G GInterest expense Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i j 16j

Deductions allocated and apportioned at partnership level to foreign source income

k lSection 951A category Foreign branch categoryG G 16l

o GOther (att. stmt.)G GPassive category General categorym n 16o

GTotal foreign taxes (check one): Paid Accruedp 16p

Reduction in taxes available for credit (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . q 16q

Other foreign tax information (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . r

Post-1986 depreciation adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 a 17a

Adjusted gain or loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 17bAlternative Depletion (other than oil and gas). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c 17cMinimum

Oil, gas, and geothermal properties ' gross income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d 17dTax (AMT)Items Oil, gas, and geothermal properties ' deductions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e 17e

Other AMT items (attach stmt). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . f 17f

Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 a 18a

Other tax-exempt income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 18bOther c Nondeductible expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18cInfor-

Distributions of cash and marketable securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 a 19amation

Distributions of other property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 19b

Investment income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 a 20a

Investment expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 20b

Other items and amounts (attach stmt)c

PTPA0134L 09/04/18BAA Form 1065 (2018)


684,800.12,000.

220,000.1,800.5,000.

5,000.

9,000.

25,000.600.

10,000.904,800.

2,170.

1,000.

28,000.400,000.

6,800.

See Statement 2

See Statement 3

See Statement 4

Form 1065 (2018) Page 5

Analysis of Net Income (Loss)

Net income (loss). Combine Schedule K, lines 1 through 11. From the result, subtract the sum of1Schedule K, lines 12 through 13d, and 16p . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

(i) Corporate2 (ii) Individual (iii) Individual (v) Exempt(iv) Partnership (vi) Nominee/OtherAnalysis by(active) (passive) Organizationpartner type:

Generalapartners. . . . Limitedbpartners. . . .

Beginning of tax year End of tax yearSchedule L Balance Sheets per Books(a) (b) (c) (d)Assets

Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Trade notes and accounts receivable. . . . . . . . 2 a

Less allowance for bad debts. . . . . . . . . . . . . . . b

Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

U.S. government obligations. . . . . . . . . . . . . . . . 4

Tax-exempt securities. . . . . . . . . . . . . . . . . . . . . . 5

Other current assets (attach stmt). . . . . . . . . . . . . . . . . . 6

Loans to partners (or persons related to partners). . . . . . 7 a

Mortgage and real estate loans . . . . . . . . . . . . . b

Other investments (attach stmt) . . . . . . . . . . . . . . . . . . . 8

Buildings and other depreciable assets. . . . . . 9 a

Less accumulated depreciation . . . . . . . . . . . . . b

Depletable assets. . . . . . . . . . . . . . . . . . . . . . . . . . 10 a

Less accumulated depletion . . . . . . . . . . . . . . . . b

Land (net of any amortization). . . . . . . . . . . . . . 11

Intangible assets (amortizable only). . . . . . . . . 12 a

Less accumulated amortization . . . . . . . . . . . . . b

Other assets (attach stmt). . . . . . . . . . . . . . . . . . 13

Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Liabilities and Capital

Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . 15

Mortgages, notes, bonds payable in less than 1 year . . . . 16

Other current liabilities (attach stmt). . . . . . . . . . . . . . . . 17

All nonrecourse loans . . . . . . . . . . . . . . . . . . . . . . 18

Loans from partners (or persons related to partners). . . . 19 a

Mortgages, notes, bonds payable in 1 year or more . . . . . b

Other liabilities (attach stmt) . . . . . . . . . . . . . . . . . . . . . 20

Partners' capital accounts . . . . . . . . . . . . . . . . . . 21

Total liabilities and capital. . . . . . . . . . . . . . . . . . 22

Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per ReturnNote: The partnership may be required to file Schedule M-3. See instructions.

Net income (loss) per books. . . . . . . . . . . . . 1 6 Income recorded on books this year notincluded on Schedule K, lines 1 through2 Income included on Schedule K, lines 1,11 (itemize):2, 3c, 5, 6a, 7, 8, 9a, 10, and 11, not

$Tax-exempt interest. . . arecorded on books this year (itemize):

7 Deductions included on Schedule K, lines 1 through3 Guaranteed payments (other than health insurance). . 13d, and 16p, not charged against book income this

Expenses recorded on books this year not included4 year (itemize):on Schedule K, lines 1 through 13d, and 16p $Depreciation . . . . . a(itemize):

$Depreciation. . . . . . . a

b Travel and$entertainment. . . . . . Add lines 6 and 7. . . . . . . . . . . . . . . . . . . . . . . . . 8

Income (loss) (Analysis of Net Income (Loss), line 1).9Subtract line 8 from line 5. . . . . . . . . . . . . . . . . . . . . . Add lines 1 through 4 . . . . . . . . . . . . . . . . . . . 5

Schedule M-2 Analysis of Partners' Capital AccountsBalance at beginning of year . . . . . . . . . . . . Distributions: Cash . . . . . . . . . . . . . . . . . . . . 1 6 aCapital contributed: Cash. . . . . . . . . . . . . Property. . . . . . . . . . . . . . . . . 2 a b

Property. . . . . . . . . . Other decreases (itemize):b 7

Net income (loss) per books. . . . . . . . . . . . . 3

Other increases (itemize):4

Add lines 6 and 7. . . . . . . . . . . . . . . . . . . . . . . . . 8Add lines 1 through 4 . . . . . . . . . . . . . . . . . . . Balance at end of year. Subtract line 8 from line 5 . . . . 5 9

PTPA0134L 09/04/18BAA Form 1065 (2018)


897,000.

897,000.

36,185. 160,045.100,000. 300,000.

100,000. 300,000.

10,000.

35,000. 25,000.440,000. 442,000.37,185. 402,815. 40,945. 401,055.

100,000. 100,000.4,500. 4,500.

300. 4,200. 600. 3,900.

678,200. 1,000,000.

4,000. 10,700.26,200. 29,000.31,530. 102,830.

342,000. 313,000.

274,470. 544,470.678,200. 1,000,000.

670,000.

1,000.10,000. 11,000.

210,000.

13,000. 11,000.15,000. 28,000.

908,000. 897,000.

274,470. 400,000.

670,000.

400,000.944,470. 544,470.

See St 5

See St 6

Statement 8

Statement 7

__________________________________________________________________ © The Garvs, LLC Phoenix Beach, LLC Training for Business Professionals

Thispageisintentionallyleftblank

7 - 36

Rental Real Estate Income and Expenses of aForm 8825OMB No. 1545-0123Partnership or an S Corporation

(Rev. November 2018)

G Attach to Form 1065 or Form 1120S.Department of the TreasuryInternal Revenue Service G Go to www.irs.gov/Form8825 for the latest information.

Employer identification numberName

1 Show the type and address of each property. For each rental real estate property listed, report the number of days rented at fair rentalvalue and days with personal use. See instructions. See page 2 to list additional properties.

Fair Rental PersonalPhysical address of each property ' street, city, state, Type ' Enter code 1'8;ZIP code see page 2 for list Days Use Days

A

B

C

D

Properties

Rental Real Estate Income A B C D

2 2Gross rents. . . . . . . . . . . . . . . . . . . . . . . . . . .

Rental Real Estate Expenses

3 3Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 4Auto and travel. . . . . . . . . . . . . . . . . . . . . . .

5 5Cleaning and maintenance. . . . . . . . . . . .

6 6Commissions . . . . . . . . . . . . . . . . . . . . . . . .

7 7Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 8Legal and other professional fees . . . . .

9 9Interest (see instructions). . . . . . . . . . . . .

10 10Repairs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11 11Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12 12Utilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13 13Wages and salaries . . . . . . . . . . . . . . . . . .

14 14Depreciation (see instructions). . . . . . . .

GOther (list)15

15

Total expenses for each property.1616Add lines 3 through 15 . . . . . . . . . . . . . . .

Income or (loss) from each property.1717Subtract line 16 from line 2. . . . . . . . . . .

18 a 18 aTotal gross rents. Add gross rents from line 2, columns A through H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b 18 bTotal expenses. Add total expenses from line 16, columns A through H. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net gain (loss) from Form 4797, Part II, line 17, from the disposition of property from rental real1919estate activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net income (loss) from rental real estate activities from partnerships, estates, and trusts in which this20 a20 apartnership or S corporation is a partner or beneficiary (from Schedule K-1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b Identify below the partnerships, estates, or trusts from which net income (loss) is shown on line 20a.Attach a schedule if more space is needed.

Name Employer identification number(1) (2)

21 21Net rental real estate income (loss). Combine lines 18a through 20a. Enter the result here and on:

? Form 1065 or 1120S: Schedule K, line 2

SPSZ0101L 11/19/18 Form 8825 (Rev. 11-2018)BAA For Paperwork Reduction Act Notice, see instructions.


72,000.-60,000.

12,000.

1111 Big Ten Ln

72,000.

60,000.

35,600.

14,400.

10,000.

3654Buckeye, AZ 85326

12,000.

Page 2Form 8825 (Rev. 11-2018)

1 Show the type and address of each property. For each rental real estate property listed, report the number of days at fair rental value anddays with personal use. See instructions.

Fair Rental PersonalPhysical address of each property ' street, city, Type ' Enter code 1'8;state, ZIP code see below for list Days Use Days

E

F

G

H

Properties

Rental Real Estate Income E F G H

2 2Gross rents. . . . . . . . . . . . . . . . . . . . . . . . . . .

Rental Real Estate Expenses

3 3Advertising. . . . . . . . . . . . . . . . . . . . . . . . . . .

4 4Auto and travel. . . . . . . . . . . . . . . . . . . . . . .

5 5Cleaning and maintenance . . . . . . . . . . . .

6 6Commissions. . . . . . . . . . . . . . . . . . . . . . . . .

7 7Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 8Legal and other professional fees. . . . . .

9 9Interest (see instructions) . . . . . . . . . . . . .

10 10Repairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11 11Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12 12Utilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13 13Wages and salaries. . . . . . . . . . . . . . . . . . .

14 14Depreciation (see instructions). . . . . . . . .

GOther (list)15

15

16 Total expenses for each property.16Add lines 3 through 15. . . . . . . . . . . . . . . .

17 Income or (loss) from each property.17Subtract line 16 from line 2. . . . . . . . . . . .

Allowable Codes for Type of Property

1 ' Single Family Residence

2 ' Multi-Family Residence

3 ' Vacation or Short-Term Rental

4 ' Commercial

5 ' Land

6 ' Royalties

7 ' Self-Rental

8 ' Other (include description with the code on Form 8825 or on a separate statement)

SPSZ0102L 11/19/18 Form 8825 (Rev. 11-2018)BAA


SCHEDULE B-1 Information on Partners Owning 50% or(Form 1065) More of the Partnership OMB No. 1545-0123(Rev. September 2017)

G Attach to Form 1065.Department of the Treasury

G Go to www.irs.gov/Form1065 for the latest information.Internal Revenue Service

Name of partnership Employer identification number (EIN)

Part I Entities Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 3a)

Complete columns (i) through (v) below for any foreign or domestic corporation, partnership (including any entity treated as a partnership),trust, tax-exempt organization, or any foreign government that owns, directly or indirectly, an interest of 50% or more in the profit, loss, orcapital of the partnership (see instructions).

(v) Maximum(iv)(ii) Employer(i) Name of Entity (iii) Type of EntityPercentage OwnedCountry of OrganizationIdentification Number

in Profit, Loss,(if any)

or Capital

Part II Individuals or Estates Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 3b)

Complete columns (i) through (iv) below for any individual or estate that owns, directly or indirectly, an interest of 50% or more in the profit,loss, or capital of the partnership (see instructions).

(iv) Maximum(ii) Identifying Number

(i) Name of Individual or Estate (iii) Country of Citizenship (see instructions) Percentage Owned in(if any)

Profit, Loss,

or Capital

BAA For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Schedule B-1 (Form 1065) (Rev. 9-2017)

PTPA1301L 08/09/17

99-9999999Buckeye Consulting, LLC

Archie Schlister XXX-XX-XXXX United States 50.000

Brutus Buckeye YYY-YY-YYYY United States 50.000



7 - 40

Election Out of the CentralizedSCHEDULE B-2(Form 1065) Partnership Audit Regime OMB No. 1545-0123December 2018) G Attach to Form 1065 or Form 1066.Department of the Treasury

G Go to www.irs.gov/Form1065 for the instructions and the latest information.Internal Revenue Service

Name of partnership Employer Identification number (EIN)

Certain partnerships with 100 or fewer partners can elect out of the centralized partnership audit regime if each partner is an individual, aC corporation, a foreign entity that would be treated as a C corporation were it domestic, an S corporation, or an estate of a deceased partner.For purposes of determining whether the partnership has 100 or fewer partners, the partnership must include all shareholders of anyS corporation that is a partner. By completing Part I, you are making an affirmative statement that all of the partners in the partnership areeligible partners under section 6221(b)(1)(C) and you have provided all of the information on this schedule. See the instructions, including theinstructions for the treatment of real estate mortgage investment conduits (REMICs), for more details.

List of Eligible PartnersPart IUse the following codes under Type of Eligible Partner:I ' Individual C ' Corporation E ' Estate of Deceased PartnerF ' Eligible Foreign Entity S ' S corporation

Type of EligibleTaxpayer IdentificationName of PartnerNumber (TIN) Partner (Code)

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

Continued on Part IVPart II List of S Corporation Shareholders (For each S corporation partner, complete a separate Part II and

separate Part V, if needed.)Use the following codes under Type of Person:I ' Individual E ' Estate of Deceased Shareholder T ' Trust O ' Other

Name of

S Corporation Partner TIN of PartnerG GType of Person

Name of Shareholder Shareholder TIN (Code)

1

2

3

4

5

6

7

8

9

10

11

12

Continued on Part V

Part III Total Number of Schedules K-1 Required To Be Issued. See Instructions.

Total of Part I and all Parts IV Schedules K-1 required to be issued by the partnership. . . . . . . . . . . . . . . . . . . . 1 1

Total of Part II and all Parts V Schedules K-1 required to be issued by any S corporation partners. . . . . . . . . 2 2

Total. Add line 1 and line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3

Note: If line 3 is more than 100, the partnership cannot make the election under section 6221(b).

BAA For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Schedule B-2 (Form 1065) (12-2018)PTPA1401 10/16/18

99-9999999Buckeye Consulting, LLC

2

2

Archie Schlister XXX-XX-XXXX IBrutus Buckeye YYY-YY-YYYY I



7 - 40

OMB No. 1545-0123SCHEDULE DCapital Gains and Losses(Form 1065)

2018Attach to Form 1065 or Form 8865.G G Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10.Department of the Treasury

Go to www.irs.gov/Form1065 for instructions and the latest information.GInternal Revenue Service

Name of partnership Employer identification number

Part I Short-Term Capital Gains and Losses — Generally Assets Held One Year or Less (see instructions)See instructions for how to figure the amounts to (g) Adjustments to (h) Gain or (loss)enter on the lines below. (d) Proceeds (e) Cost gain or loss from Subtract column (e) from

(sales price) (or other basis) Form(s) 8949, Part I, column (d) and combine theThis form may be easier to complete if you round line 2, column (g) result with column (g)off cents to whole dollars.

1a Totals for all short-term transactions reportedon Form 1099-B for which basis was reportedto the IRS and for which you have noadjustments (see instructions). However, ifyou choose to report all these transactionson Form 8949, leave this line blank and go toline 1b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1b Totals for all transactions reported onForm(s) 8949 with Box A checked. . . . . . . . . . .

2 Totals for all transactions reported onForm(s) 8949 with Box B checked. . . . . . . . . . .

3 Totals for all transactions reported onForm(s) 8949 with Box C checked. . . . . . . . . . .

44 Short-term capital gain from installment sales from Form 6252, line 26 or 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

55 Short-term capital gain or (loss) from like-kind exchanges from Form 8824 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Partnership's share of net short-term capital gain (loss), including specially allocated short-term capital gains6(losses), from other partnerships, estates, and trusts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). Enter here and on7Form 1065, Schedule K, line 8 or 11; or Form 8865, Schedule K, line 8 or 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Long-Term Capital Gains and Losses — Generally Assets Held More Than One Year (see instructions)Part II(g) (h) Gain or (loss)See instructions for how to figure the amounts to (d) (e) Adjustments to gain Subtract column (e) fromenter on the lines below. Proceeds Cost or loss from Form(s) column (d) and combine the(sales price) (or other basis)This form may be easier to complete if you round 8949, Part II, line 2, result with column (g)

off cents to whole dollars. column (g)

8a Totals for all long-term transactions reportedon Form 1099-B for which basis was reportedto the IRS and for which you have noadjustments (see instructions). However, ifyou choose to report all these transactionson Form 8949, leave this line blank and go toline 8b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b Totals for all transactions reported on8Form(s) 8949 with Box D checked. . . . . . . . . . .

Totals for all transactions reported on9Form(s) 8949 with Box E checked. . . . . . . . . . .

10 Totals for all transactions reported onForm(s) 8949 with Box F checked. . . . . . . . . . .

1111 Long-term capital gain from installment sales from Form 6252, line 26 or 37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1212 Long-term capital gain or (loss) from like-kind exchanges from Form 8824. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13 Partnership's share of net long-term capital gain (loss), including specially allocated long-term capital gains13(losses), from other partnerships, estates, and trusts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1414 Capital gain distributions (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15 Net long-term capital gain or (loss). Combine lines 8a through 14 in column (h). Enter here and onForm 1065, Schedule K, line 9a or 11; or Form 8865, Schedule K, line 9a or 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

BAA For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Schedule D (Form 1065) 2018

PTPA0201L 10/22/18


19,000. 10,000. 9,000.

9,000.



7 - 42

651118Final K-1 Amended K-1Schedule K-1

OMB No. 1545-0123(Form 1065) 2018

Partner's Share of Current Year Income,Department of the Treasury Part IIIFor calendar year 2018, or tax yearInternal Revenue Service Deductions, Credits, and Other ItemsCredits1 15Ordinary business income (loss)

/ / / /beginning ending2018

2 Net rental real estate income (loss)Partner's Share of Income, Deductions,Credits, etc. See separate instructions.G Foreign transactions3 16Other net rental income (loss)

Information About the PartnershipPart I4 Guaranteed payments

Partnership's employer identification numberA

5 Interest income

Partnership's name, address, city, state, and ZIP codeB

6a Ordinary dividends

6b Qualified dividends

6c Dividend equivalentsIRS Center where partnership filed returnC

7 RoyaltiesCheck if this is a publicly traded partnership (PTP)D

17 Alternative minimum tax (AMT) items8 Net short-term capital gain (loss)Part II Information About the Partner

Partner's identifying numberE 9a Net long-term capital gain (loss)

Partner's name, address, city, state, and ZIP codeF9b Collectibles (28%) gain (loss)

9c Unrecaptured section 1250 gain 18 Tax-exempt income andnondeductible expenses

10 Net section 1231 gain (loss)General partner or LLC Limited partner or otherGmember-manager LLC member

11 Other income (loss)Domestic partner Foreign partnerH

What type of entity is this partner?I1

I2 If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here19 Distributions

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

Beginning Ending 12 Section 179 deductionProfit % %

20 Other informationLoss % % 13 Other deductionsCapital % %Partner's share of liabilities:K

Beginning Ending

Nonrecourse . . . . . . $ $Qualified nonrecourse $ $financing . . . . . . . .

$Recourse . . . . . . . . $ 14 Self-employment earnings (loss)Partner's capital account analysis:L

Beginning capital account. . . . . . . . . . . . . . $Capital contributed during the year . . . . . $Current year increase (decrease). . . . . . . $ *See attached statement for additional information.Withdrawals & distributions. . . . . . . . . . . . . $Ending capital account. . . . . . . . . . . . . . . . . $

Tax basis GAAP Section 704(b) book

Other (explain)

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

Yes No

If "Yes," attach statement (see instructions)Schedule K-1 (Form 1065) 2018BAA For Paperwork Reduction Act Notice, see Instructions for Form 1065.

PTPA0312L 08/31/18

342,400.

* 6,000.

111,000.99-9999999

900.

2,500.Buckeye Consulting, LLC2015 National Champions DrBuckeye, AZ 85326 2,500.

e-file

A 1,085.

XXX-XX-XXXX 4,500.

Archie Schlister1234 Mirror Lake RdBuckeye, A 500.X

C 14,000.X

Individual

A 200,000.

50 5050 5050 50 A 12,500. A 3,400.

AA 95,000.H 300.17,765. 56,765.

L* STMTM 6,000.184,100. 171,000.

* STMTA 453,400.132,235.

340,000.( 200,000.)

272,235.

X

X

Partner 1

Schedule K-1 (Form 1065) 2018 Page 2

This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 1040. For detailed reportingand filing information, see the separate Partner's Instructions for Schedule K-1 and the instructions for your income tax return.

Code Report onOrdinary business income (loss). Determine whether the income (loss) is passive Work opportunity creditJ1or nonpassive and enter on your return as follows.

Disabled access creditKReport onEmpowerment zone employment creditLPassive loss See the Partner's Instructions

See the Partner's InstructionsCredit for increasing research activitiesMPassive income Schedule E, line 28, column (h)

Credit for employer social security andNNonpassive loss See the Partner's Instructions Medicare taxes

Backup withholdingONonpassive income Schedule E, line 28, column (k)

Other creditsPSee the Partner's InstructionsNet rental real estate income (loss)2

Foreign transactions16Other net rental income (loss)3Name of country or U.S. possessionA

Net income Schedule E, line 28, column (h)Form 1116, Part IGross income from all sourcesB

Net loss See the Partner's InstructionsGross income sourced at partner levelC

Schedule E, line 28, column (k)4 Guaranteed paymentsForeign gross income sourced at partnership level

Form 1040, line 2b5 Interest incomeSection 951A categoryD

Form 1040, line 3b6 a Ordinary dividendsForeign branch categoryE

Form 1040, line 3a6 b Qualified dividendsForm 1116, Part IPassive categoryF

See the Partner's Instructions6 c Dividend equivalentsGeneral categoryG7 Royalties Schedule E, line 4OtherH8 Net short-term capital gain (loss) Schedule D, line 5

Deductions allocated and apportioned at partner level9 a Net long-term capital gain (loss) Schedule D, line 12Form 1116, Part IInterest expenseI28% Rate Gain Worksheet, line9 b Collectibles (28%) gain (loss)

4 (Schedule D Instructions) Form 1116, Part IOtherJ9 c Unrecaptured section 1250 gain See the Partner's Instructions Deductions allocated and apportioned at partnership level to

10 Net section 1231 gain (loss) See the Partner's Instructions foreign source income11 Other income (loss) Section 951A categoryK

Code Foreign branch categoryLOther portfolio income (loss) See the Partner's InstructionsA Passive categoryM Form 1116, Part I

General categoryNInvoluntary conversions See the Partner's InstructionsBOtherOSec. 1256 contracts & straddles Form 6781, line 1C

Other informationMining exploration costs recapture See Pub. 535D Total foreign taxes paid Form 1116, Part IIPCancellation of debtE Schedule 1 (Form 1040), line 21 or Form 982 Total foreign taxes accruedQ Form 1116, Part IISection 951A incomeF R Reduction in taxes available for credit Form 1116, line 12Section 965(a) inclusionG Foreign trading gross receipts Form 8873S

See the Partner's InstructionsSubpart F income other than Extraterritorial income exclusion Form 8873H Tsections 951A and 965 inclusion Section 951A(c)(1)(A) tested incomeUOther income (loss)I Tested foreign income taxV See the Partner's Instructions12 See the Partner's InstructionsSection 179 deduction Section 965 informationW

13 Other deductions Other foreign transactionsXAlternative minimum tax (AMT) items17Cash contributions (60%)A

Post-1986 depreciation adjustmentACash contributions (30%)BAdjusted gain or lossB See the Partner'sNoncash contributions (50%)CDepletion (other than oil & gas)CSee the Partner's Instructions andNoncash contributions (30%)D Instructions the Instructions forOil, gas, & geothermal ' gross incomeDCapital gain property to a 50%E Form 6251Oil, gas, & geothermal ' deductionsorganization (30%) EOther AMT itemsFCapital gain property (20%)F

Tax-exempt income and nondeductible expenses18Contributions (100%)G

Tax-exempt interest income Form 1040, line 2aAInvestment interest expense Form 4952, line 1H

Other tax-exempt income See the Partner's InstructionsBDeductions ' royalty income Schedule E, line 19I

Nondeductible expensesC See the Partner's InstructionsSection 59(e)(2) expenditures See the Partner's InstructionsJ

Distributions19Excess business interest expense See the Partner's InstructionsK

Cash and marketable securitiesADeductions ' portfolio (other) Schedule A, line 16L

Distribution subject to section 737B See the Partner's InstructionsSchedule A, line 1 or Schedule 1Amounts paid for medical insuranceM Other propertyC(Form 1040), line 29

20 Other informationEducational assistance benefits See the Partner's InstructionsNInvestment income Form 4952, line 4aADependent care benefits Form 2441, line 12OInvestment expenses Form 4952, line 5BPreproductive period expenses See the Partner's InstructionsPFuel tax credit information Form 4136CCommercial revitalization deduction fromQ

See Form 8582 Instructionsrental real estate activities Qualified rehabilitation expenditures (otherD See the Partner's Instructionsthan rental real estate)Pensions and IRAs See the Partner's InstructionsRBasis of energy propertyEReforestation expense deduction See the Partner's Instructions See the Partner's InstructionsSRecapture of low-income housing creditFthrough V Reserved for future useT Form 8611, line 8(section 42(j)(5))

Other deductionsW See the Partner's Instructions Recapture of low-income housing credit (other) Form 8611, line 8GSection 965(c) deductionX See the Partner's Instructions Recapture of investment credit See Form 4255H

Self-employment earnings (loss)14Recapture of other credits See the Partner's InstructionsI

Note. If you have a section 179 deduction or any partner-level deductions, see theLook-back interest ' completedJPartner's Instructions before completing Schedule SE.long-term contracts See Form 8697

Net earnings (loss) from self-employment Schedule SE, Section A or BA Look-back interest ' incomeKforecast method See Form 8866Gross farming or fishing income See the Partner's InstructionsBDispositions of property withLGross non-farm income See the Partner's InstructionsCsection 179 deductionsCredits15Recapture of section 179 deductionM

Low-income housing credit (section 42(j)(5))AInterest expense for corporate partnersNfrom pre-2008 buildings

Low-income housing credit (other) from through YOBpre-2008 buildings

Section 199A incomeZLow-income housing credit (section 42(j)(5))C

Section 199A W-2 wagesAAfrom post-2007 buildingsSee the Partner'sSection 199A unadjusted basisABSee the Partner's InstructionsLow-income housing credit (other) fromD Instructionspost-2007 buildings Section 199A REIT dividendsAC

Qualified rehabilitation expenditures (rentalE Section 199A PTP incomeADreal estate)Excess taxable incomeAEOther rental real estate creditsFExcess business interest incomeAFOther rental creditsGGross receipts for section 59A(e)AGUndistributed capital gains creditH Schedule 5 (Form 1040), line 74, box aOther informationAHBiofuel producer credit See the Partner's InstructionsI

PTPA0312L 12/11/18 Schedule K-1(Form 1065) 2018


Partner 1: Archie Schlister XXX-XX-XXXX

SPSL1201L 05/26/18

Buckeye Consulting, LLC 99-9999999Supplemental Information 3Schedule K-1 (Form 1065) 2018 Page

Partner 1: Archie Schlister XXX-XX-XXXX

Box 2Rental Real Estate Activities

Gross Net Net Passive Sec. 1231Property Type and Address Income Expenses Income Nonpass Total

Type: 4 - Commercial1111 Big Ten Ln Buckeye, AZ 85326

36,000. 30,000. $ 6,000. PassiveTotal $ 6,000.

Box 20Other Information

Continued from Schedule K-1

Y* StmtZ 352,400.

* Descriptive Information

Y Line 2: IRC 212 rental real estate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,000.

Box 20, Code LDisposition of Assets with Prior Section 179 Expense

Asset Description. . . . . . . . . . . . . . . . . . . FurnitureTax Year(s) Passed Through . . . . . 2015Date Acquired. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7/01/2015Date Sold. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8/24/2018Sales Price. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000.Cost or other basis plus expense of sale. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000.Depreciation allowed or allowable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.Section 179 expense deduction previously reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000.

Supplemental Information

This Schedule K-1 is from a "specified service trade or business" for purposesof computing the qualified business income deduction.



7 - 46

651118Final K-1 Amended K-1Schedule K-1

OMB No. 1545-0123(Form 1065) 2018

Partner's Share of Current Year Income,Department of the Treasury Part IIIFor calendar year 2018, or tax yearInternal Revenue Service Deductions, Credits, and Other ItemsCredits1 15Ordinary business income (loss)

/ / / /beginning ending2018

2 Net rental real estate income (loss)Partner's Share of Income, Deductions,Credits, etc. See separate instructions.G Foreign transactions3 16Other net rental income (loss)

Information About the PartnershipPart I4 Guaranteed payments

Partnership's employer identification numberA

5 Interest income

Partnership's name, address, city, state, and ZIP codeB

6a Ordinary dividends

6b Qualified dividends

6c Dividend equivalentsIRS Center where partnership filed returnC

7 RoyaltiesCheck if this is a publicly traded partnership (PTP)D

17 Alternative minimum tax (AMT) items8 Net short-term capital gain (loss)Part II Information About the Partner

Partner's identifying numberE 9a Net long-term capital gain (loss)

Partner's name, address, city, state, and ZIP codeF9b Collectibles (28%) gain (loss)

9c Unrecaptured section 1250 gain 18 Tax-exempt income andnondeductible expenses

10 Net section 1231 gain (loss)General partner or LLC Limited partner or otherGmember-manager LLC member

11 Other income (loss)Domestic partner Foreign partnerH

What type of entity is this partner?I1

I2 If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here19 Distributions

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

Beginning Ending 12 Section 179 deductionProfit % %

20 Other informationLoss % % 13 Other deductionsCapital % %Partner's share of liabilities:K

Beginning Ending

Nonrecourse . . . . . . $ $Qualified nonrecourse $ $financing . . . . . . . .

$Recourse . . . . . . . . $ 14 Self-employment earnings (loss)Partner's capital account analysis:L

Beginning capital account. . . . . . . . . . . . . . $Capital contributed during the year . . . . . $Current year increase (decrease). . . . . . . $ *See attached statement for additional information.Withdrawals & distributions. . . . . . . . . . . . . $Ending capital account. . . . . . . . . . . . . . . . . $

Tax basis GAAP Section 704(b) book

Other (explain)

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

Yes No

If "Yes," attach statement (see instructions)Schedule K-1 (Form 1065) 2018BAA For Paperwork Reduction Act Notice, see Instructions for Form 1065.

PTPA0312L 08/31/18

342,400.

* 6,000.

109,000.99-9999999

900.

2,500.Buckeye Consulting, LLC2015 National Champions DrBuckeye, AZ 85326 2,500.

e-file

A 1,085.

YYY-YY-YYYY 4,500.

Brutus Buckeye1982 BWW LnBuckeye, AZ 85326 A 500.X

C 14,000.X

Individual

A 200,000.

50 5050 5050 50 A 12,500. A 3,400.

AA 95,000.H 300.17,765. 56,765.

L* STMTM 4,000.184,100. 171,000.

* STMTA 451,400.142,235.

330,000.( 200,000.)

272,235.

X

X

Partner 2

Schedule K-1 (Form 1065) 2018 Page 2

This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 1040. For detailed reportingand filing information, see the separate Partner's Instructions for Schedule K-1 and the instructions for your income tax return.

Code Report onOrdinary business income (loss). Determine whether the income (loss) is passive Work opportunity creditJ1or nonpassive and enter on your return as follows.

Disabled access creditKReport onEmpowerment zone employment creditLPassive loss See the Partner's Instructions

See the Partner's InstructionsCredit for increasing research activitiesMPassive income Schedule E, line 28, column (h)

Credit for employer social security andNNonpassive loss See the Partner's Instructions Medicare taxes

Backup withholdingONonpassive income Schedule E, line 28, column (k)

Other creditsPSee the Partner's InstructionsNet rental real estate income (loss)2

Foreign transactions16Other net rental income (loss)3Name of country or U.S. possessionA

Net income Schedule E, line 28, column (h)Form 1116, Part IGross income from all sourcesB

Net loss See the Partner's InstructionsGross income sourced at partner levelC

Schedule E, line 28, column (k)4 Guaranteed paymentsForeign gross income sourced at partnership level

Form 1040, line 2b5 Interest incomeSection 951A categoryD

Form 1040, line 3b6 a Ordinary dividendsForeign branch categoryE

Form 1040, line 3a6 b Qualified dividendsForm 1116, Part IPassive categoryF

See the Partner's Instructions6 c Dividend equivalentsGeneral categoryG7 Royalties Schedule E, line 4OtherH8 Net short-term capital gain (loss) Schedule D, line 5

Deductions allocated and apportioned at partner level9 a Net long-term capital gain (loss) Schedule D, line 12Form 1116, Part IInterest expenseI28% Rate Gain Worksheet, line9 b Collectibles (28%) gain (loss)

4 (Schedule D Instructions) Form 1116, Part IOtherJ9 c Unrecaptured section 1250 gain See the Partner's Instructions Deductions allocated and apportioned at partnership level to

10 Net section 1231 gain (loss) See the Partner's Instructions foreign source income11 Other income (loss) Section 951A categoryK

Code Foreign branch categoryLOther portfolio income (loss) See the Partner's InstructionsA Passive categoryM Form 1116, Part I

General categoryNInvoluntary conversions See the Partner's InstructionsBOtherOSec. 1256 contracts & straddles Form 6781, line 1C

Other informationMining exploration costs recapture See Pub. 535D Total foreign taxes paid Form 1116, Part IIPCancellation of debtE Schedule 1 (Form 1040), line 21 or Form 982 Total foreign taxes accruedQ Form 1116, Part IISection 951A incomeF R Reduction in taxes available for credit Form 1116, line 12Section 965(a) inclusionG Foreign trading gross receipts Form 8873S

See the Partner's InstructionsSubpart F income other than Extraterritorial income exclusion Form 8873H Tsections 951A and 965 inclusion Section 951A(c)(1)(A) tested incomeUOther income (loss)I Tested foreign income taxV See the Partner's Instructions12 See the Partner's InstructionsSection 179 deduction Section 965 informationW

13 Other deductions Other foreign transactionsXAlternative minimum tax (AMT) items17Cash contributions (60%)A

Post-1986 depreciation adjustmentACash contributions (30%)BAdjusted gain or lossB See the Partner'sNoncash contributions (50%)CDepletion (other than oil & gas)CSee the Partner's Instructions andNoncash contributions (30%)D Instructions the Instructions forOil, gas, & geothermal ' gross incomeDCapital gain property to a 50%E Form 6251Oil, gas, & geothermal ' deductionsorganization (30%) EOther AMT itemsFCapital gain property (20%)F

Tax-exempt income and nondeductible expenses18Contributions (100%)G

Tax-exempt interest income Form 1040, line 2aAInvestment interest expense Form 4952, line 1H

Other tax-exempt income See the Partner's InstructionsBDeductions ' royalty income Schedule E, line 19I

Nondeductible expensesC See the Partner's InstructionsSection 59(e)(2) expenditures See the Partner's InstructionsJ

Distributions19Excess business interest expense See the Partner's InstructionsK

Cash and marketable securitiesADeductions ' portfolio (other) Schedule A, line 16L

Distribution subject to section 737B See the Partner's InstructionsSchedule A, line 1 or Schedule 1Amounts paid for medical insuranceM Other propertyC(Form 1040), line 29

20 Other informationEducational assistance benefits See the Partner's InstructionsNInvestment income Form 4952, line 4aADependent care benefits Form 2441, line 12OInvestment expenses Form 4952, line 5BPreproductive period expenses See the Partner's InstructionsPFuel tax credit information Form 4136CCommercial revitalization deduction fromQ

See Form 8582 Instructionsrental real estate activities Qualified rehabilitation expenditures (otherD See the Partner's Instructionsthan rental real estate)Pensions and IRAs See the Partner's InstructionsRBasis of energy propertyEReforestation expense deduction See the Partner's Instructions See the Partner's InstructionsSRecapture of low-income housing creditFthrough V Reserved for future useT Form 8611, line 8(section 42(j)(5))

Other deductionsW See the Partner's Instructions Recapture of low-income housing credit (other) Form 8611, line 8GSection 965(c) deductionX See the Partner's Instructions Recapture of investment credit See Form 4255H

Self-employment earnings (loss)14Recapture of other credits See the Partner's InstructionsI

Note. If you have a section 179 deduction or any partner-level deductions, see theLook-back interest ' completedJPartner's Instructions before completing Schedule SE.long-term contracts See Form 8697

Net earnings (loss) from self-employment Schedule SE, Section A or BA Look-back interest ' incomeKforecast method See Form 8866Gross farming or fishing income See the Partner's InstructionsBDispositions of property withLGross non-farm income See the Partner's InstructionsCsection 179 deductionsCredits15Recapture of section 179 deductionM

Low-income housing credit (section 42(j)(5))AInterest expense for corporate partnersNfrom pre-2008 buildings

Low-income housing credit (other) from through YOBpre-2008 buildings

Section 199A incomeZLow-income housing credit (section 42(j)(5))C

Section 199A W-2 wagesAAfrom post-2007 buildingsSee the Partner'sSection 199A unadjusted basisABSee the Partner's InstructionsLow-income housing credit (other) fromD Instructionspost-2007 buildings Section 199A REIT dividendsAC

Qualified rehabilitation expenditures (rentalE Section 199A PTP incomeADreal estate)Excess taxable incomeAEOther rental real estate creditsFExcess business interest incomeAFOther rental creditsGGross receipts for section 59A(e)AGUndistributed capital gains creditH Schedule 5 (Form 1040), line 74, box aOther informationAHBiofuel producer credit See the Partner's InstructionsI

PTPA0312L 12/11/18 Schedule K-1(Form 1065) 2018


Partner 2: Brutus Buckeye YYY-YY-YYYY

SPSL1201L 05/26/18

Buckeye Consulting, LLC 99-9999999Supplemental Information 3Schedule K-1 (Form 1065) 2018 Page

Partner 2: Brutus Buckeye YYY-YY-YYYY

Box 2Rental Real Estate Activities

Gross Net Net Passive Sec. 1231Property Type and Address Income Expenses Income Nonpass Total

Type: 4 - Commercial1111 Big Ten Ln Buckeye, AZ 85326

36,000. 30,000. $ 6,000. PassiveTotal $ 6,000.

Box 20Other Information

Continued from Schedule K-1

Y* StmtZ 352,400.

* Descriptive Information

Y Line 2: IRC 212 rental real estate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,000.

Supplemental Information

This Schedule K-1 is from a "specified service trade or business" for purposes of computing the qualified business income deduction.



7 - 50

2018 Federal Statements Page 1


Statement 1Form 1065, Line 20Other Deductions

Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,200.Amortization. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300.Auto and Truck Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,500.Bank Charges. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,800.Dues and Subscriptions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,200.Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,100.Janitorial. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,100.Legal and Professional. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000.Meals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,000.Meals & entertainment - 100% deductible. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,000.Miscellaneous . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 610.Office Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,000.Postage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,500.Printing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,900.Professional development. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,900.Telephone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,200.Travel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,000.Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,500.

Total $ 150,810.

Statement 2Form 1065, Schedule K, Line 13aCharitable Contributions

Cash Contributions - 60% Limitation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25,000.Total $ 25,000.

Statement 3Form 1065, Schedule K, Line 13dOther Deductions

Partner Health Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000.Total $ 10,000.

Statement 4Form 1065, Schedule K, Line 20cOther Reportable Items

Section 199A Qualified Business Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 704,800.Section 199A W-2 Wages. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 190,000.

This Partnership is a "specified service trade or business" forpurposes of computing the qualified business income deduction.

2018 Federal Statements Page 2


Disposition of Assets with Prior Section 179 Expense

Asset Description . . . . . . . . . . . . . . . . . . FurnitureTax Year(s) Passed Through. . . . . 2015Date Acquired . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7/01/2015Date Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8/24/2018Sales Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000.Cost or other basis plus expense of sale. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000.Depreciation allowed or allowable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.Section 179 expense deduction previously reported. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000.

Statement 5Form 1065, Schedule L, Line 8Other Investments

Beginning Ending

ABC, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000. $ 0.OSU Tax-Free Bonds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000. 20,000.XYZ, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000. 5,000.

Total $ 35,000. $ 25,000.

Statement 6Form 1065, Schedule L, Line 17Other Current Liabilities

Beginning Ending

Accrued guaranteed payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000. $ 30,000.Accrued payroll taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,530. 3,830.Accrued wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000. 50,000.Line of credit payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. 19,000.

Total $ 31,530. $ 102,830.

Statement 7Form 1065, Schedule M-1, Line 4Expenses on Books Not on Schedule K

Country club dues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000.Political contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000.

Total $ 15,000.

Statement 8Form 1065, Schedule M-1, Line 6Income on Books Not on Schedule K

Gain (Loss) on Disposition of Section 179 Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000.Total $ 10,000.

2018 General Elections Page 1


Section 1.263(a)-1(f) De Minimis Safe Harbor Election

The Taxpayer hereby makes the de minimis safe harbor election under Regulation1.263(a)-1(f).

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Documents

1065 U.S. Return of Partnership Income 2018