/n Form 4797 Department of the Treasury Internal Revenue Service Name(s) shown on return Sales of Business Property (Also Involuntary Conversions and Recapture Amounts Under Sections 179 and 280F(b)(2)) Attach to your tax return. Go to www.irs.gov/Form4797 for instructions and the latest information. OMB No. 1545-0184 2023 Attachment Sequence No. 27 Identifying number 1a Enter the gross proceeds from sales or exchanges reported to you for 2023 on Form(s) 1099-B or 1099-S (or substitute statement) that you are including on line 2, 10, or 20. See instructions 1a . b Enter the total amount of gain that you are including on lines 2, 10, and 24 due to the partial dispositions of MACRS assets 1b C . Enter the total amount of loss that you are including on lines 2 and 10 due to the partial dispositions of MACRS assets 1c Part I Sales or Exchanges of Property Used in a Trade or Business and Involuntary Conversions From Other Than Casualty or Theft-Most Property Held More Than 1 Year (see instructions) 2 (a) Description of property (b) Date acquired (mo., day, yr.) (c) Date sold (mo., day, yr.) (d) Gross sales price (e) Depreciation allowed or allowable since acquisition (f) Cost or other basis, plus improvements and expense of sale (g) Gain or (loss) Subtract (f) from the sum of (d) and (e) 3 Gain, if any, from Form 4684, line 39 4 Section 1231 gain from installment sales from Form 6252, line 26 or 37 5 Section 1231 gain or (loss) from like-kind exchanges from Form 8824 6 Gain, if any, from line 32, from other than casualty or theft . 7 34 5 6 Combine lines 2 through 6. Enter the gain or (loss) here and on the appropriate line as follows Partnerships and S corporations. Report the gain or (loss) following the instructions for Form 1065, Schedule K, line 10, or Form 1120-S, Schedule K, line 9. Skip lines 8, 9, 11, and 12 below. Individuals, partners, S corporation shareholders, and all others. If line 7 is zero or a loss, enter the amount from line 7 on line 11 below and skip lines 8 and 9. If line 7 is a gain and you didn't have any prior year section 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. Nonrecaptured net section 1231 losses from prior years. See instructions 7 8 8 9 Subtract line 8 from line 7. If zero or less, enter -0-. If line 9 is zero, enter the gain from line 7 on line 12 below. If line 9 is more than zero, enter the amount from line 8 on line 12 below and enter the gain from line 9 as a long-term capital gain on the Schedule D filed with your return. See instructions 9 Ordinary Gains and Losses (see instructions) Part II 10 Ordinary gains and losses not included on lines 11 through 16 (include property held 1 year or less): 11 Loss, if any, from line 7 12 Gain, if any, from line 7 or amount from line 8, if applicable. 13 Gain, if any, from line 31. 14 Net gain or (loss) from Form 4684, lines 31 and 38a. 15 Ordinary gain from installment sales from Form 6252, line 25 or 36 16 17 Ordinary gain or (loss) from like-kind exchanges from Form 8824 Combine lines 10 through 16 18 For all except individual returns, enter the amount from line 17 on the appropriate line of your return and skip lines a and b below. For individual returns, complete lines a and b below. a If the loss on line 11 includes a loss from Form 4684, line 35, column (b)(ii), enter that part of the loss here. Enter the loss from income-producing property on Schedule A (Form 1040), line 16. (Do not include any loss on property used as an employee.) Identify as from "Form 4797, line 18a." See instructions b Redetermine the gain or (loss) on line 17 excluding the loss, if any, on line 18a. Enter here and on Schedule 1 (Form 1040), Part I, line 4 For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 130861 11 12 13 14 15 16 17 18a 18b Form 4797 (2023) Form 4797 (2023) Part III 19 A Gain From Disposition of Property Under Sections 1245, 1250, 1252, 1254, and 1255 (see instructions) (a) Description of section 1245, 1250, 1252, 1254, or 1255 property: (b) Date acquired (mo., day, yr.) B с D Page 2 (c) Date sold (mo., day, yr.) Property A Property B 2222 20 These columns relate to the properties on lines 19A through 19D. Gross sales price (Note: See line 1a before completing.) . 21 Cost or other basis plus expense of sale. Property C Property D 23 Depreciation (or depletion) allowed or allowable Adjusted basis. Subtract line 22 from line 21. 2222 20 21 23 25 224 Total gain. Subtract line 23 from line 20 If section 1245 property: a Depreciation allowed or allowable from line 22 b Enter the smaller of line 24 or 25a 24 25a 25b 26 If section 1250 property: If straight line depreciation was used, enter -0- on line 26g, except for a corporation subject to section 291. a Additional depreciation after 1975. See instructions 26a b Applicable percentage multiplied by the smaller of line 24 or line 26a. See instructions 26b C Subtract line 26a from line 24. If residential rental property or line 24 isn't more than line 26a, skip lines 26d and 26e 26c d Additional depreciation after 1969 and before 1976 26d . e Enter the smaller of line 26c or 26d 26e of Section 291 amount (corporations only) 26f g Add lines 26b, 26e, and 26f 26g 27 If section 1252 property: Skip this section if you didn't dispose of farmland or if this form is being completed for a partnership. a Soil, water, and land clearing expenses 27a b Line 27a multiplied by applicable percentage. See instructions 27b C Enter the smaller of line 24 or 27b 27c 28 If section 1254 property: a Intangible drilling and development costs, expenditures for development of mines and other natural deposits, mining exploration costs, and depletion. See instructions 28a b Enter the smaller of line 24 or 28a 28b 29 If section 1255 property: a Applicable percentage of payments excluded from income under section 126. See instructions 29a . 29b b Enter the smaller of line 24 or 29a. See instructions Summary of Part III Gains. Complete property columns A through D through line 29b before going to line 30. 30 Total gains for all properties. Add property columns A through D, line 24 30 31 Add property columns A through D, lines 25b, 26g, 27c, 28b, and 29b. Enter here and on line 13 31 32 Subtract line 31 from line 30. Enter the portion from casualty or theft on Form 4684, line 33. Enter the portion from other than casualty or theft on Form 4797, line 6 32 Part IV Recapture Amounts Under Sections 179 and 280F(b)(2) When Business Use Drops to 50% or Less (see instructions) (a) Section 179 (b) Section 280F(b)(2) 33 34 Section 179 expense deduction or depreciation allowable in prior years Recomputed depreciation. See instructions 33 34 . 35 Recapture amount. Subtract line 34 from line 33. See the instructions for where to report 35 Form 4797 (2023)/n Form 1125-A (Rev. November 2018) Department of the Treasury Internal Revenue Service Name Cost of Goods Sold ► Attach to Form 1120, 1120-C, 1120-F, 1120S, or 1065. ► Go to www.irs.gov/Form1125A for the latest information. OMB No. 1545-0123 Employer identification number 1 Inventory at beginning of year 2 Purchases 3 Cost of labor 4 Additional section 263A costs (attach schedule) 5 Other costs (attach schedule) 6 Total. Add lines 1 through 5. 7 Inventory at end of year 8 123 45 Cost of goods sold. Subtract line 7 from line 6. Enter here and on Form 1120, page 1, line 2 or the appropriate line of your tax return. See instructions 10. 6 7 00 8 9a Check all methods used for valuing closing inventory: (i) Cost (ii) Lower of cost or market (iii) Other (Specify method used and attach explanation.) b Check if there was a writedown of subnormal goods с Check if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970) ☐ ☐ d If the LIFO inventory method was used for this tax year, enter amount of closing inventory computed under LIFO . 9d e f If property is produced or acquired for resale, do the rules of section 263A apply to the entity? See instructions Was there any change in determining quantities, cost, or valuations between opening and closing inventory? If "Yes," attach explanation Yes No Yes No Section references are to the Internal Revenue Code unless otherwise noted. What's New Small business taxpayers. For tax years beginning after December 31, 2017, the following apply. • A small business taxpayer (defined below), may use a method of accounting for inventories that either: (1) treats inventories as nonincidental materials and supplies, or (2) conforms to the taxpayer's financial accounting treatment of inventories. • A small business taxpayer is not required to capitalize costs under section 263A. General Instructions Purpose of Form Use Form 1125-A to calculate and deduct cost of goods sold for certain entities. Who Must File Filers of Form 1120, 1120-C, 1120-F, 1120S, or 1065, must complete and attach Form 1125-A if the applicable entity reports a deduction for cost of goods sold. Inventories Generally, inventories are required at the beginning and end of each tax year if the production, purchase, or sale of merchandise is an income-producing factor. See Regulations section 1.471-1. If inventories are required, you generally must use an accrual method of accounting for sales and purchases of inventory items. Exception for certain taxpayers. A small business taxpayer (defined below), can adopt or change its accounting method to account for inventories in the same manner as material and supplies that are non- incidental, or conform to its treatment of inventories in an applicable financial statement (as defined in section 451(b)(3)), or if it does not have an applicable financial statement, the method of accounting used in its books and records prepared in accordance with its accounting procedures. See section 471(c)(3). A small business taxpayer claiming exemption from the requirement to keep inventories is changing its method of accounting for purposes of section 481. For additional guidance on this method of accounting, see Pub. 538, Accounting Periods and Methods. For guidance on changing to this method of accounting, see Form 3115 and the Instructions for Form 3115. Small business taxpayer. A small business taxpayer is a taxpayer that (a) has average annual gross receipts of $25 million or less (indexed for inflation) for the 3 prior tax years, and (b) is not a tax shelter (as defined in section 448(d)(3)). See Pub. 538. Uniform capitalization rules. The uniform capitalization rules of section 263A generally require you to capitalize, or include in inventory, certain costs incurred in connection with the following. • The production of real property and tangible personal property held in inventory or held for sale in the ordinary course of business. • Real property or personal property (tangible and intangible) acquired for resale. • The production of real property and tangible personal property for use in its trade or business or in an activity engaged in for profit. A small business taxpayer (defined above) is not required to capitalize costs under section 263A. See section 263A(i). See the discussion on section 263A uniform capitalization rules in the instructions for your tax return before completing Form 1125-A. Also see Regulations sections 1.263A-1 through 1.263A-3. See Regulations section 1.263A-4 for rules for property produced in a farming business. For Paperwork Reduction Act Notice, see instructions. Cat. No. 55988R Form 1125-A (Rev. 11-2018) Form 1125-A (Rev. 11-2018) Specific Instructions Line 1. Inventory at Beginning of Year If you are changing your method of accounting for the current tax year, you must refigure last year's closing inventory using the new method of accounting. Enter the result on line 1. If there is a difference between last year's closing inventory and the refigured amount, attach an explanation and take it into account when figuring any section 481(a) adjustment. Line 2. Purchases Reduce purchases by items withdrawn for personal use. For a partnership, the cost of these items should be shown on Schedule K and Schedule K-1 as distributions to partners. Line 4. Additional Section 263A Costs If you elected a simplified method of accounting, enter on line 4 the balance of section 263A costs paid or incurred during the tax year not includible on lines 2, 3, and 5. If you elected the simplified production method, additional section 263A costs are generally those costs, other than interest, that were not capitalized under your method of accounting immediately prior to the effective date of section 263A, but are now required to be capitalized under section 263A. For details, see Regulations section 1.263A-2(b). If you elected the simplified resale method, additional section 263A costs are generally those costs incurred with respect to the following categories. • Off-site storage or warehousing. • Purchasing. Handling, such as processing, assembling, repackaging, and transporting. • General and administrative costs (mixed service costs). Line 5. Other Costs Enter on line 5 any costs paid or incurred during the tax year not entered on lines 2 through 4. Attach a statement listing details of the costs. Special Rules for Cooperatives Cooperatives are allowed to deduct certain per-unit retain allocations. Include these costs on line 5. Attach a statement listing details of per-unit retain allocations paid in: • Qualified per-unit retain certificates, • Money or other property (except nonqualified per-unit certificates), and • Nonqualified per-unit retain certificates redeemed this year. Per-unit retain allocations. A cooperative is allowed to deduct from its taxable income amounts paid during the payment period for the tax year as per-unit retain allocations to the extent paid in money, qualified per-unit retain certificates, or other property with respect to marketing occurring during the tax year. A per-unit retain allocation is any allocation from a cooperative to a patron for products marketed for him without reference to the cooperative net earnings. A qualified per- unit retain certificate is any per-unit retain certificate that the distributee has agreed to take into account at its stated dollar amount. Nonqualified per-unit retain certificates redeemed this year. Include the amount paid in money or other property (except amounts already included as per-unit retain certificates) to patrons to redeem nonqualified per-unit retain certificates. No deduction is allowed at the time of issuance for a nonqualified per-unit retain certificate. However, the cooperative may take a deduction in the year the certificate is redeemed, subject to the stated dollar amount of the certificate. See section 1383. Also see the instructions for Form 1120-C, line 30h, for a special rule for figuring the cooperative's tax in the year of redemption of a nonqualified per-unit retain certificate. Line 7. Inventory at End of Year See Regulations sections 1.263A-1 through 1.263A-3 for details on figuring the amount of additional section 263A costs to be included in ending inventory. Line 8. Cost of Goods Sold Enter the amount from line 8 on your tax return as follows. Filers of Form 1120, 1120-C, 1120S, and 1065, enter cost of goods sold on page 1, line 2. Filers of Form 1120-F, enter cost of goods sold on Section II, line 2. Lines 9a Through 9f. Inventory Valuation Methods Inventories can be valued at: • Cost, • Cost or market value (whichever is lower), or • Any other method approved by the IRS that conforms to the requirements of the applicable regulations cited below. Page 2 Filers that use erroneous valuation methods must change to a method permitted for federal income tax purposes. Use Form 3115 to make this change. See the Instructions for Form 3115. Also see Pub. 538. Line 9a. Method of valuing closing inventory. On line 9a, check the method(s) used for valuing inventories. Under lower of cost or market, the term "market" (for normal goods) means the current bid price prevailing on the inventory valuation date for the particular merchandise in the volume usually purchased by the filer. For a manufacturer, market applies to the basic elements of cost-raw materials, labor, and burden. If section 263A applies, the basic elements of cost must reflect the current bid price of all direct costs and all indirect costs properly allocable to goods on hand at the inventory date. Inventory may be valued below cost when the merchandise is unsalable at normal prices or unusable in the normal way because the goods are subnormal due to damage, imperfections, shopwear, change of style, odd or broken lots, or other similar causes, including second- hand goods taken in exchange. The goods may be valued at the bona fide selling price, minus the direct cost of disposition (but not less than scrap value). Bona fide selling price means actual offering of goods during a period ending not later than 30 days after inventory date. Lines 9c and 9d. LIFO method. If this is the first year the Last-in, First-out (LIFO) inventory method was either adopted or extended to inventory goods not previously valued under the LIFO method provided in section 472, attach Form 970, Application To Use LIFO Inventory Method, or a statement with the information required by Form 970. Check the LIFO box on line 9c. On line 9d, enter the amount of total closing inventories computed under section 472. Estimates are acceptable. If you changed or extended your inventory method to LIFO and had to write up the opening inventory to cost in the year of election, report the effect of the write-up as other income, on your applicable return, proportionately over a 3-year period that begins with the year of the LIFO election. Form 1125-A (Rev. 11-2018) Note: Entities using the LIFO method that make an S corporation election or transfer LIFO inventory to an S corporation in a nonrecognition transaction may be subject to an additional tax attributable to the LIFO recapture amount. See the instructions for Form 1120, Schedule J, line 11. Line 9e. If property is produced or acquired for resale and the rules of section 263A apply to the corporation, cooperative, partnership, or other applicable entity, check the "Yes" box on line 9e. Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the United States. You are required to give us the information. We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax. You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section 6103. Page 3 The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden for business taxpayers filing this form is approved under OMB control number 1545-0123 and is included in the estimates shown in the instructions for their business income tax return. If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we would be happy to hear from you. See the instructions for the tax return with which this form is filed./n M N Schedule K-1 (Form 1065) Department of the Treasury Internal Revenue Service 2023 Final K-1 Amended K-1 651123 OMB No. 1545-0123 |Part III Partner's Share of Current Year Income, Deductions, Credits, and Other Items 1 Ordinary business income (loss) 14 Self-employment earnings (loss) For calendar year 2023, or tax year beginning / / 2023 2 ending Net rental real estate income (loss) Partner's Share of Income, Deductions, Credits, etc. 3 Other net rental income (loss) 15 Credits See separate instructions. Part I A Information About the Partnership Partnership's employer identification number 4a Guaranteed payments for services 4b Guaranteed payments for capital 16 Schedule K-3 is attached if checked B Partnership's name, address, city, state, and ZIP code 4c Total guaranteed payments 17 Alternative minimum tax (AMT) items 5 Interest income с IRS center where partnership filed return: D Check if this is a publicly traded partnership (PTP) 6a Ordinary dividends Part II Information About the Partner E Partner's SSN or TIN (Do not use TIN of a disregarded entity. See instructions.) 6b Qualified dividends 18 Tax-exempt income and nondeductible expenses F Name, address, city, state, and ZIP code for partner entered in E. See instructions. 6c Dividend equivalents 7 Royalties G General partner or LLC member-manager Limited partner or other LLC member 8 Net short-term capital gain (loss) 19 Distributions H1 Domestic partner Foreign partner 9a Net long-term capital gain (loss) H2 If the partner is a disregarded entity (DE), enter the partner's: 9b TIN Name Collectibles (28%) gain (loss) 20 Other information J H21 11 What type of entity is this partner? 12 If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here Partner's share of profit, loss, and capital (see instructions): 9c Unrecaptured section 1250 gain Beginning Ending 10 Net section 1231 gain (loss) Profit Loss Capital Check if decrease is due to: Sale or K1 Partner's share of liabilities: % % % % % 11 Other income (loss) % Exchange of partnership interest. See instructions. 12 Section 179 deduction 21 Foreign taxes paid or accrued Beginning Ending Nonrecourse $ $ 13 Other deductions Qualified nonrecourse financing $ Recourse $ $ $ K2 21 Check this box if item K1 includes liability amounts from lower-tier partnerships K3 Check if any of the above liability is subject to guarantees or other payment obligations by the partner. See instructions L Partner's Capital Account Analysis Beginning capital account $ . Capital contributed during the year . $ Current year net income (loss) . $ Other increase (decrease) (attach explanation) $ Withdrawals and distributions Ending capital account $ ( $ Did the partner contribute property with a built-in gain (loss)? Yes No If "Yes," attach statement. See instructions. Partner's Share of Net Unrecognized Section 704(c) Gain or (Loss) Beginning 22 23 ☐ ☐ More than one activity for at-risk purposes* More than one activity for passive activity purposes* *See attached statement for additional information. For IRS Use Only Ending $ $ For Paperwork Reduction Act Notice, see the Instructions for Form 1065. www.irs.gov/Form1065 Cat. No. 11394R Schedule K-1 (Form 1065) 2023/n SCHEDULE D (Form 1065) Department of the Treasury Internal Revenue Service Name of partnership Capital Gains and Losses Attach to Form 1065 or Form 8865. Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10. Go to www.irs.gov/Form 1065 for instructions and the latest information. OMB No. 1545-0123 2023 Employer identification number Yes 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. 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 enter on the lines below. This form may be easier to complete if you round off cents to whole dollars. 1a Totals for all short-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 1b 1b Totals for all transactions reported on Form(s) 8949 with Box A checked 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 (d) Proceeds (sales price) (e) Cost (or other basis) 4 Short-term capital gain from installment sales from Form 6252, line 26 or 37. 5 Short-term capital gain or (loss) from like-kind exchanges from Form 8824 (g) Adjustments to gain or loss from Form(s) 8949, Part I, line 2, column (g) 4 (h) Gain or (loss) Subtract column (e) from column (d) and combine the result with column (g) 5 6 Partnership's share of net short-term capital gain (loss), including specially allocated short-term capital gains (losses), from other partnerships, estates, and trusts 6 7 Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). Enter here and on Form 1065, Schedule K, line 8 or 11; or Form 8865, Schedule K, line 8 or 11. Part II Long-Term Capital Gains and Losses-Generally Assets Held More Than One Year (see instructions) See instructions for how to figure the amounts to enter on the lines below. 7 (d) Proceeds (sales price) (e) Cost (or other basis) (g) Adjustments to gain or loss from Form(s) 8949, Part II, line 2, column (g) (h) Gain or (loss) Subtract column (e) from column (d) and combine the result with column (g) This form may be easier to complete if you round off cents to whole dollars. 8a Totals for all long-term transactions reported on Form 1099-B for which basis was reported to the IRS and for which you have no adjustments (see instructions). However, if you choose to report all these transactions on Form 8949, leave this line blank and go to line 8b 8b Totals for all transactions reported on Form(s) 8949 with Box D checked 9 Totals for all transactions reported on Form(s) 8949 with Box E checked 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 12 Long-term capital gain or (loss) from like-kind exchanges from Form 8824 11 12 13 Partnership's share of net long-term capital gain (loss), including specially allocated long-term capital gains (losses), from other partnerships, estates, and trusts 13 14 Capital gain distributions (see instructions) 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 For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Cat. No. 11393G Schedule D (Form 1065) 2023/n SCHEDULE B-1 (Form 1065) (Rev. August 2019) Department of the Treasury Internal Revenue Service Name of partnership Part I OMB No. 1545-0123 Information on Partners Owning 50% or More of the Partnership ►Attach to Form 1065. ► Go to www.irs.gov/Form 1065 for the latest information. Employer identification number (EIN) Entities Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 2a (Question 3a for 2009 through 2017)) 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, or capital of the partnership (see instructions). (i) Name of Entity (ii) Employer Identification Number (if any) (iv) (iii) Type of Entity Country of Organization (v) Maximum Percentage Owned in Profit, Loss, or Capital Part II Individuals or Estates Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 2b (Question 3b for 2009 through 2017)) 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). (i) Name of Individual or Estate (ii) Identifying Number (iii) Country of Citizenship (see instructions) (if any) (iv) Maximum Percentage Owned in Profit, Loss, or Capital For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Cat. No. 49842K Schedule B-1 (Form 1065) (Rev. 8-2019) Schedule B-1 (Form 1065) (Rev. 8-2019) General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Future Developments For the latest information about developments related to Schedule B-1 (Form 1065) and its instructions, such as legislation enacted after the form and instructions were published, go to www.irs.gov/Form 1065. Purpose of Form Use Schedule B-1 (Form 1065) to provide the information applicable to certain entities, individuals, and estates that own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership. Who Must File Schedule B-1 (Form 1065) must be filed by all partnerships that answer "Yes" to question 2a or question 2b (question 3a or question 3b for 2009 through 2017) on Form 1065, Schedule B. Attach Schedule B-1 to Form 1065. Specific Instructions Part I Complete Part I if the partnership answered "Yes" to Form 1065, Schedule B, question 2a (question 3a for 2009 through 2017). List each corporation, partnership, trust, tax-exempt organization, or foreign government owning, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership at the end of the tax year. Enter the name, EIN, type of entity (corporation, partnership, trust, tax- exempt organization, or foreign government), country of organization, and the maximum percentage interests owned, directly or indirectly, in the profit, loss, or capital of the partnership. For an affiliated group filing a consolidated tax return, list the parent corporation rather than the subsidiary members. List the entity owner of a disregarded entity rather than the disregarded entity. If the owner of a disregarded entity is an individual rather than an entity, list the individual in Part II. In the case of a tax-exempt organization, enter "tax-exempt organization" in column (iii). Page 2 Example 1. Corporation A owns, directly, an interest of 50% in the profit, loss, or capital of Partnership B. Corporation A also owns, directly, an interest of 15% in the profit, loss, or capital of Partnership C. Partnership B owns, directly, an interest of 70% in the profit, loss, or capital of Partnership C. Therefore, Corporation A owns, directly or indirectly, an interest of 50% in the profit, loss, or capital of Partnership C (15% directly and 35% indirectly through Partnership B). On Partnership C's Form 1065, it must answer "Yes" to question 2a (question 3a for 2009 through 2017) of Schedule B. Partnership C must also complete Part I of Schedule B-1. In Part I, Partnership C must identify Corporation A, which includes entering "50%" in column (v) (its maximum percentage owned). It also must identify Partnership B, and enter "70%" in column (v). Part II Complete Part II if the partnership answered "Yes" to Form 1065, Schedule B, question 2b (question 3b for 2009 through 2017). List each individual or estate owning, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership at the end of the tax year. Enter the name, social security or employer identification number, country of citizenship (for an estate, the citizenship of the decedent), and the maximum percentage interests owned, directly or indirectly, in the profit, loss, or capital of the partnership. Example 2. A owns, directly, 50% of the profit, loss, or capital of Partnership X. B, the daughter of A, does not own, directly, any interest in X and does not own, indirectly, any interest in X through any entity (corporation, partnership, trust, or estate). Because family attribution rules apply only when an individual (in this example, B) owns a direct interest in the partnership or an indirect interest through another entity, A's interest in Partnership X is not attributable to B. On Partnership X's Form 1065, it must answer "Yes" to question 2b (question 3b for 2009 through 2017) of Schedule B. Partnership X must also complete Part II of Schedule B-1. In Part II, Partnership X must identify A, which includes entering "50%" in column (iv). Partnership X will not identify B in Part II./n Deductions (see instructions for limitations) Form 1065 Department of the Treasury Internal Revenue Service A Principal business activity U.S. Return of Partnership Income For calendar year 2023, or tax year beginning 2023, ending Go to www.irs.gov/Form 1065 for instructions and the latest information. Name of partnership B Principal product or service Type Number, street, and room or suite no. If a P.O. box, see instructions. or C Business code number Print City or town, state or province, country, and ZIP or foreign postal code 20 OMB No. 1545-0123 2023 D Employer identification number E Date business started G Check applicable boxes: (1) H Check accounting method: (1) Initial return Cash (2) Final return (2) ☐ Accrual | J Check if Schedules C and M-3 are attached (3) Name change (3) ☐ Other (specify): $ (4) Address change (5) Amended return Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year: . K Check if partnership: (1) ☐ Aggregated activities for section 465 at-risk purposes (2) Grouped activities for section 469 passive activity purposes Caution: Include only trade or business income and expenses on lines 1a through 23 below. See instructions for more information. Income F Total assets (see instructions) 1a Gross receipts or sales b Less returns and allowances c Balance 1c 2 Cost of goods sold (attach Form 1125-A) 2 3 Gross profit. Subtract line 2 from line 1c. 3 4 Ordinary income (loss) from other partnerships, estates, and trusts (attach statement) 4 5 Net farm profit (loss) (attach Schedule F (Form 1040)) 5 6 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) 6 7 Other income (loss) (attach statement) 7 8 Total income (loss). Combine lines 3 through 7 8 9 Salaries and wages (other than to partners) (less employment credits) 9 10 11 Guaranteed payments to partners Repairs and maintenance. 10 11 12 Bad debts. 12 13 Rent. 13 14 Taxes and licenses 14 15 Interest (see instructions) 15 16a Depreciation (if required, attach Form 4562). 16a b 17 Less depreciation reported on Form 1125-A and elsewhere on return Depletion (Do not deduct oil and gas depletion.) 16b 16c 17 18 Retirement plans, etc. 18 19 22222222222353 Employee benefit programs 19 20 Energy efficient commercial buildings deduction (attach Form 7205). 20 21 Other deductions (attach statement) Total deductions. Add the amounts shown in the far right column for lines 9 through 21 Ordinary business income (loss). Subtract line 22 from line 8 26 27 Other taxes (see instructions) 28 Total balance due. Add lines 24 through 27 29 Elective payment election amount from Form 3800 24 Interest due under the look-back method-completed long-term contracts (attach Form 8697) Interest due under the look-back method-income forecast method (attach Form 8866) BBA AAR imputed underpayment (see instructions) 23 24 30 Payment (see instructions) 31 Amount owed. If the sum of line 29 and line 30 is smaller than line 28, enter amount owed Overpayment. If the sum of line 29 and line 30 is larger than line 28, enter overpayment 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 is true, correct, and complete. Declaration of preparer (other than partner or limited liability company member) is based on all information of which preparer has any knowledge. May the IRS discuss this return with the preparer shown below? See instructions. ☐ Yes No 26 27 29 30 31 32 222222222222258 Tax and Payment Sign Here Signature of partner or limited liability company member Date Print/Type preparer's name Preparer's signature Date PTIN Paid Preparer Firm's name Use Only Firm's address For Paperwork Reduction Act Notice, see separate instructions. Check self-employed Firm's EIN Phone no. if Cat. No. 11390Z Form 1065 (2023) Form 1065 (2023) Schedule B Other Information What type of entity is filing this return? Check the applicable box: 1 a Domestic general partnership b с Domestic limited liability company d e Foreign partnership f 2 At the end of the tax year: a Domestic limited partnership Domestic limited liability partnership Other: Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax- exempt organization, or any foreign government own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of constructive ownership, see instructions. If "Yes," attach Schedule B-1, Information on Partners Owning 50% or More of the Partnership b Did any individual or estate own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership? For rules of constructive ownership, see instructions. If "Yes," attach Schedule B-1, Information on Partners Owning 50% or More of the Partnership 3 At the end of the tax year, did the partnership: a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitled to 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 Identification Number (if any) Page 2 Yes No (iii) Country of Incorporation (iv) Percentage Owned in Voting Stock b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a trust? For rules of constructive ownership, see instructions. If "Yes," complete (i) through (v) below. (i) Name of Entity (ii) Employer Identification Number (if any) (iii) Type of Entity (iv) Country of Organization (v) Maximum Percentage Owned in Profit, Loss, or Capital 4 Does the partnership satisfy all four of the following conditions? a The partnership's total receipts for the tax year were less than $250,000. 5 6 7 8 9 b The partnership's total assets at the end of the tax year were less than $1 million. с 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; or item L on Schedule K-1. Is this partnership a publicly traded partnership, as defined in section 469(k)(2)? During the tax year, did the partnership have any debt that was canceled, was forgiven, or had the terms modified so as to reduce the principal amount of the debt? Has this partnership filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide information on any reportable transaction? . At any time during calendar year 2023, 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 instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (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, a foreign trust? If "Yes," the partnership may have to file Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts. See instructions 10a Is the partnership making, or had it previously made (and not revoked), a section 754 election? If "Yes," enter the effective date of the election See instructions for details regarding a section 754 election. b For this tax year, did the partnership make an optional basis adjustment under section 743(b)? If "Yes," enter the total aggregate net positive amount $ and the total aggregate net negative amount $ (_ of such section 743(b) adjustments for all partners made in the tax year. The partnership must also attach a statement showing the computation and allocation of each basis adjustment. See instructions Yes No Form 1065 (2023) Form 1065 (2023) Schedule B 11 12 13 14 15 с Other Information (continued) For this tax year, did the partnership make an optional basis adjustment under section 734(b)? If "Yes," enter the total aggregate net positive amount $ and the total aggregate net negative amount $ (_ ) of such section 734(b) adjustments for all partnership property made in the tax year. The partnership must also attach a statement showing the computation and allocation of each basis adjustment. See instructions d For this tax year, is the partnership required to adjust the basis of partnership property under section 743(b) or 734(b) because of a substantial built-in loss (as defined under section 743(d)) or substantial basis reduction (as defined under section 734(d))? If "Yes," enter the total aggregate amount of such section 743(b) adjustments and/or section 734(b) adjustments for all partners and/or partnership property made in the tax year $ The partnership must 16a 17 also attach a 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- kind exchange or contributed such property to another entity (other than disregarded entities wholly owned by the partnership 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 interest in partnership property? . If the partnership is required to file Form 8858, Information Return of U.S. Persons With Respect to Foreign Disregarded Entities (FDES) and Foreign Branches (FBS), enter the number of Forms 8858 attached. See instructions Does the partnership have any foreign partners? If "Yes," enter the number of Forms 8805, Foreign Partner's Information Statement of Section 1446 Withholding Tax, filed for this partnership Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached to this return. Did you make any payments in 2023 that would require you to file Form(s) 1099? See instructions b If "Yes," did you or will you file required Form(s) 1099? . Enter the number of Forms 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations, attached to this return. 18 Enter the number of partners that are foreign governments under section 892 19 20 During the partnership's tax year, did the partnership make any payments that would require it to file Forms 1042 and 1042-S under chapter 3 (sections 1441 through 1464) or chapter 4 (sections 1471 through 1474)? . Was the partnership a specified domestic entity required to file Form 8938 for the tax year? See the Instructions for Form 8938 21 Is the partnership a section 721(c) partnership, as defined in Regulations section 1.721(c)-1(b)(14)? 22 During the tax year, did the partnership pay or accrue any interest or royalty for which one or more partners are not allowed a deduction under section 267A? See instructions If "Yes," enter the total amount of the disallowed deductions 23 24 25 26 27 28 29 $ Did the partnership have an election under section 163 (j) for any real property trade or business or any farming business in effect during the tax year? See instructions. Does the partnership satisfy one or more of the following? See instructions a The partnership owns a pass-through entity with current, or prior year carryover, excess business interest expense. b The partnership's aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years preceding the current tax year are more than $29 million and the partnership has business interest expense. C The partnership is a tax shelter (see instructions) and the partnership has business interest expense. If "Yes" to any, complete and attach Form 8990. Is the partnership attaching Form 8996 to certify as a Qualified Opportunity Fund? If "Yes," enter the amount from Form 8996, line 15 Enter the number of foreign partners subject to section 864(c)(8) as a result of transferring all or a portion of an interest in the partnership or of receiving a distribution from the partnership Complete Schedule K-3 (Form 1065), Part XIII, for each foreign partner subject to section 864(c)(8) on a transfer or distribution. At any time during the tax year, were there any transfers between the partnership and its partners subject to the disclosure requirements of Regulations section 1.707-8? Since December 22, 2017, did a foreign corporation directly or indirectly acquire substantially all of the properties constituting a trade or business of your partnership, and was the ownership percentage (by vote or value) for purposes of section 7874 greater than 50% (for example, the partners held more than 50% of the stock of the foreign corporation)? If “Yes,” list the ownership percentage by vote and by value. See instructions. Percentage: By vote: By value: Is the partnership required to file Form 7208 relating to the excise tax on repurchase of corporate stock (see instructions): a Under the applicable foreign corporation rules? Page 3 Yes No Form 1065 (2023) Form 1065 (2023) Schedule B Other Information (continued) 30 31 b Under the covered surrogate foreign corporation rules? If "Yes" to either (a) or (b), complete Form 7208, Excise Tax on Repurchase of Corporate Stock. See the Instructions for Form 7208. At any time during this tax year, did the partnership (a) receive (as a reward, award, or payment for property or services); or (b) sell, exchange, or otherwise dispose of a digital asset (or financial interest in a digital asset)? See instructions Is the partnership electing out of the centralized partnership audit regime under section 6221(b)? See instructions If "Yes," the partnership must complete Schedule B-2 (Form 1065). Enter the total from Schedule B-2, Part III, line 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. Name of PR U.S. address of PR If the PR is an entity, name of the designated individual for the PR U.S. address of designated individual U.S. phone number of PR Page 4 Yes No U.S. phone number of designated individual Form 1065 (2023) Alternative Self- Inter- Minimum Tax (AMT) Items Credits national Form 1065 (2023) Schedule K Income (Loss) Employ- Deductions ment 1 2 Partners' Distributive Share Items Ordinary business income (loss) (page 1, line 23) Net rental real estate income (loss) (attach Form 8825) 3a Other gross rental income (loss) 4 56 7 b Expenses from other rental activities (attach statement) с Other net rental income (loss). Subtract line 3b from line 3a Guaranteed payments: a Services c Total. Add lines 4a and 4b Interest income 4a Dividends and dividend equivalents: a Ordinary dividends b Qualified dividends Royalties 6b 8 Net short-term capital gain (loss) (attach Schedule D (Form 1065)). 9a Net long-term capital gain (loss) (attach Schedule D (Form 1065)) 10 11 12 b Collectibles (28%) gain (loss) c Unrecaptured section 1250 gain (attach statement) Net section 1231 gain (loss) (attach Form 4797). Other income (loss) (see instructions) Type: Section 179 deduction (attach Form 4562) 13a Cash contributions b C Noncash contributions Investment interest expense d Section 59(e)(2) expenditures: e Other deductions (see instructions) (1) Type: Type: 14a Net earnings (loss) from self-employment b Gross farming or fishing income C Gross nonfarm income Page 5 Total amount 1 2 За 3b 3c b Capital 4b 4c 5 6a c Dividend equivalents 6c 7 8 9a 9b 9c 10 11 12 13a 13b 13c (2) Amount: 13d(2) 13e 14a 14b 14c 15a Low-income housing credit (section 42(j)(5)) 15a b Low-income housing credit (other) 15b C Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) 15c d Other rental real estate credits (see instructions) Type: 15d e Other rental credits (see instructions) Type:. 15e f Other credits (see instructions) Type: 15f 16 Attach Schedule K-2 (Form 1065), Partners' Distributive Share Items-International, and check this box to indicate that you are reporting items of international tax relevance 17a Post-1986 depreciation adjustment b Adjusted gain or loss c Depletion (other than oil and gas) d Oil, gas, and geothermal properties-gross income e Oil, gas, and geothermal properties-deductions f Other AMT items (attach statement) . Other Information с 19a b Distributions of other property 20a b C 21 18a Tax-exempt interest income b Other tax-exempt income Nondeductible expenses . Distributions of cash and marketable securities Investment income Investment expenses Other items and amounts (attach statement) Total foreign taxes paid or accrued 17a 17b 17c 17d 17e 17f 18a 18b 18c 19a 19b 20a 20b 21 Form 1065 (2023)/nSee the excel file tab " Tax return problem" for the question and requirement. Use tab "Table C9-1" and "Table C9-2" for the information to fill out all the tax form. There are 6 tax form which need to fill. Your work should show on the exel file how you be able to get the number. For example, if the line 1 of form 1065 you are take from "tax return problem tab", you can link it with that tab. If that number for line 1, form 1065 come from your calc, please show your calc in the excel file. There each tab for each form for you to show me your work so I can confirm where you get the number. Us taxation 2023

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