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EFTA01280130.pdf

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This document contains 2013 tax forms (Schedule K-1) for MIDWAY TURTLE CREEK LLC showing partnership income, deductions, and tax information for partner BLUE CHIP CAPITAL LLC. It includes federal and North Carolina state tax reporting with details on rental real estate losses, professional fees, and depreciation adjustments. [Rating: 4/10 - Standard tax documents showing business partnership structure, but lacks notable individuals or significant case details]

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financial_transactions

Extracted Entities

Name Type Context
BLUE CHIP CAPITAL LLC organization Partner receiving the K-1 forms and share of partnership income/losses
MIDWAY TURTLE CREEK LLC organization Partnership entity issuing the K-1 tax forms

Full Text

651113
Schedule K-1 2013 D Fkial K-1 Amended K-1 OMB No. 1545-0099
(Form 1065)
to camas. par >0.3.a tax Part III PartneIn r's Share of Current Year Income,
I D n e te p r a n r a tm l R e e n v t e o n r u m e e S T e r r e vi a c s e u ry v... movie;. Deductions, Credits, and Other Items
endolQ 1 Ordinary business income {loss) 15 C edits
Partner's Share of Income, Deductions, I 0 .
Credits, etc. O. See separate Instructions. 2 Nue ream.... wine Bro.@
ewe)
I —14,286. te Foteipn tnnsactions
Part I Information About the Partnership 3 Otter net real income (loss)
A Partrership's Identifabon number 4 Guaranteed payments
B Partnership's name, address, city, state, and ZIP code 6 Interest income
_
I 1.
M W r Is Winery dividends
I 12 ,r iternatse MIA III( Arn 'terns
Bb Qualified dividends A 2,325.
C IRE Center where partnership filed return I B*
E—FILE
7 Royalties
on I 15 Tax-exempt income end
Check It this is a pulaly traded partnership (PIP) 8 Net short-term caplet giro (loss) nondeductible expenses
I
Part II Information About the Partner 9a Net long-arm capital gam (Ins)
- - her 96 Collectibles (28%) gain (loss) 19 Distribution
I H 5,900.
, . mess,n il% ate, and ZIP code 9e Unrecaptured sec 1250 gain
I 20 Other information
BLUE CHIP CAPITAL LLC 10 Net section 1231 gain (loss) A 1.
' It Other income (ha)
G — General partner or LLC LXJ Limited partner or other RC
member-manager member
II 1—M-1 Domestic partnm M Foreign partner
It What type of entry is lin partner? PARTNERSHIP 12 Section 179 deducticm
12 II this pener es a retirement plan (11114/SEP/Keoghleft.), check here ( _I
J Partner's share of profit, loss, and Mat 13 Other deductions
Beginning Ending it* I STMT
Profit 1.0436690.,, 1.0430690%
Loss 1.3458950:, 1.3458950%
Capita fir7T58950% 1.3458950% te Seltemployment earrings (l oss)
K Partner's share of Oabilities at year net A I 0 .
Nonretourse .... $ 13,609.
OuaMied nonrecourse financing . $ 130,608. *See attached statement for additional information.
Recourse 0.
L Parbier's capital amount analysis:
Beginning repeal account 46,205.g.
Capital conirtuled during the year $
g
Cirrent year Increase (demase) $ —14,434.
Witndrawa,s 8 daarbutiors $( 5,9004 V
Ending caPhil aniScuni 25,871. ,
gz
L/C.1 Tax basis MO GAM 0 Section 104(b) book
Ell Other (explain)
II Did the partner contribute properly Mb a 'Bah gain or loss?
CJ Yes ElNo
11"fet, attach statement (see instructional
12-03-13 LHA For Paperwork Reduction Act Notice. see Instructions for Form MN. IRS.govilorm1065 Schedule K-f (Form 1085) 2013
25 4
19540403 758241 21146.219 2013.03020 MIDWAY TURTLE CREEK LLC 21146_J1
CONFIDENTIAL
EDNY_GM_000321 15
EFTA_00142728
EFTA01280130

MIDWAY TURTLE CREEK LLC
SCHEDULE K 1 OTHER DEDUCTIONS, BOX 13, CODE W
DESCRIPTION PARTNER FILING INSTRUCTIONS AMOUNT
MISCELLANEOUS FEES
27.
PROFESSIONAL FEES
14.
TOTAL TO SCHEDULE K 1, BOX 13, CODE W 41.
SCHEDULE K-1 ALTERNATIVE MINIMUM TAX, ADJUSTED
GAIN OR LOSS, BOX 17, CODE B
DESCRIPTION PARTNER FILING INSTRUCTIONS AMOUNT
ORDINARY GAIN OR LOSS SEE FORM 6251 INSTRUCTIONS -5.
TOTAL TO SCHEDULE K 1, BOX 17, CODE B
-5.
SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES)
DESCRIPTION
AMOUNT TOTALS
RENTAL REAL ESTATE INCOME (LOSS) -14,286.
INTEREST INCOME
1.
SCHEDULE K-1 INCOME SUBTOTAL
-14,285.
OTHER DEDUCTIONS
41.
SCHEDULE K-1 DEDUCTIONS SUBTOTAL
41.
NET INCOME (LOSS) PER SCHEDULE K-1 14,326.
HAWTHORNE-MIDWAY TURTLE CREEK LLC -54.
K 1 ADJUSTMENT
-54.
OTHER INCREASES OR DECREASES SUBTOTAL
-108.
TOTAL TO SCHEDULE K-1, ITEM L
-14,434.
26 PARTNER NUMBER 4
19540403 758241 21146.219 2013.03020 MIDWAY TURTLE CREEK LLC 21146_J1
CONFIDENTIAL
SDNY_GM_00032116
EFTA _00142729
EFTA01280131

NC K-1 (39)
2013 Partner's Share of
(D-403)
N.C. Income, Adjustments, and Credits
North Carolina Department of Revenue
-of calendaf year or fiscal year beginning 01 01 13 and ending 12 31 13
Partner's IdentiAieg Number Federal Employer ID Number
Partners Name. Address, and ZIP Code Partnerships Name. Address, and ZIP Code
BLUE CHIP CAPITAL LLC MIDWAY TURTLE CREEK LLC
Individuals Filing Form
Partn USN p Pro Rata Share Items Argent D 400 Enter Amount on:
All Partyers
I. Share of partnership income (loss) -14285
2. Additions to Irons (loss)
e. Addition As bonus depredation 1185 Page 2, Line 35
b. Other additions to income DOSS) 0 Pape 2, Line 38
3. Deductions from income (loss)
a. eeoustion for boars depreciation STMT 62 Page 2. line 46
b. Other Occlusions (Tom income (toss) STMT 41 Page 2, Line 51
4. Share et six credits 0 Form D-400TC
5. Share of tax withheld from nonwago compertsabon
Paid for Pa130130i services permed in N.O. 0 Pape 2, fine 23
Nonresidents Only
6. elonfeSdent s share al N.C. taxable income (loss) -13203 Page 2, Line 53
7. Nonresidents snare of net tea paid by life nttnaPer
of the partnersnip 0 Page ?, Line 24c
3.032.I
CONFIDENTIAL
SDNY_GM_00032117
EFTA_00142730
EFTA01280132

MIDWAY TURTLE CREEK LLC
NC SCH K-1 DEDUCTIONS FROM FEDERAL TAXABLE INCOME
DESCRIPTION
AMOUNT
MISCELLANEOUS FEES
27
PROFESSIONAL FEES
14
TOTAL TO SCHEDULE K-1, LINE 3B
41
NC SCH K-1 DEDUCTIONS FOR BONUS DEPRECIATION
DESCRIPTION
AMOUNT
ADJMNT FOR 1ST YEAR DEPRECIATION ADDED BACK IN 2012 62,
TOTAL TO SCHEDULE K-1, LINE 3A
62,
PARTNER NUMBER 4
CONFIDENTIAL
SDNY_GM_00032118
EFTA_00142731
EFTA01280133