EFTA01280181.pdf

4
651112
2012 (---i
Schedule K-1 [-M Final K-1 Amended K-I OMB No. 1545-0099
(Form 1065)
A or caliwidar rm.? 2012. or ins Part ill Partner's Share of Current Year Income.
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u ry „„,,54.5.5,..4 Deductions, Credits, and Other Items
,,,,,,, I Ordinary business income (loss) 15 Credits
Partner's Share of Income, Deductions, I <100,000.>
Credits, etc. so. See separate Instructions. 2 Newts Mg *SU inmost (Win
I 16 Foreign transactions
Part I Information About the Partnership 3 Other net rental income (loss)
I
iiiAm Paprtneprsnlei sl leirmueouset idsen.tif ication number 4 Guaranteed payments
city. state and ZIP code 5 Interest income
I
AL PARTNERS, LLC es Ordinary dividends
86 HIDDEN RIDGE DRIVE I 17 Alternative min lax (AMT) items
SYOSSET, NY 11791 60 Oualthed dividends
C IRS Centre where partnership hied return
I
CINCINNATI, OH 7 Royalties
I IS ax-exempt income and
D i -I Check A this is a publicly traded partnership (PTP) 0 Net short-term capital gain (loss) nondeductible expenses
Part II Information About the Partner 9a Net long-term capital gain (loss)
I
number 90 Collectibles (28%) gain (loss) 19 Distributions
I
F Partners I Lim e. address. city. state, and ZIP code 9e Unrecaplured sec 1250 gain
[ 20 Other information
BLUE CHIP CAPITAL LLC 10 Net section 1231 gain (lesS)
329 SEABREEZE AVENUE
PALM BEACH, FL 33480 11 Other income (loss)
0 L._..! General partner or LLC I X I Limited partner or other LLC
member-manager member
II FL Domestic partner 0 Foreign partner I
II What type of entity is this partner? PARTNERSHIP 12 Section 179 deduction
12 II this partner is a retirement plan (IRIVSEPiKeoghretc.). check here LI
J Partner's share of profit, loss, and capital: 13 Other deductions
Beginning Ending
Prole 0.0000000% 0.0000000%
Loss 0.0000000% 0.0000000%
Capital 0.0000000% 0 . 0 0 0 0 0 0 0% 14 Seff employment earnings Coss)
K Partners share of liabilities at year end: A 0.
Nonrecoutse $ If
I
Qualified norwecourse financing $ 'See attached statement for additional in ormation.
Recourse $ 0 .
I. Partners capital account analysis:
Beginning capital account S .2.
Capital contributed during the year $ 100,000.8
Cul f ent year inoease (decreaSe) $ <100,000.7g
Withdrawals & distributions S ) 2
Ending capital account $ 0 . 5,
G:
Iii Tax basis CI GMP LI] Section 704(b) book
Li Other (explain)
M Did the partner contribute property with a built-in gain or loss?
LI
Yee DC No
II Yes', attach statement (see instructions)
a I.cui.ii I_FIA For Paperwork Reduction Act Notice. see lestructIons for Form 1065. IRS.00vilorm1065 Schedule K- I (Form 10651 2012
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18060814 146773 ELK0020
ELK00202
SDNY_GM_00033012
EFIA_0014 3625
EFTA01280181

AL PARTNERS, LLC 83-0514382
SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES)
DESCRIPTION AMOUNT TOTALS
ORDINARY INCOME (LOSS) -100,000.
SCHEDULE K-1 INCOME SUBTOTAL -100,000.
NET INCOME (LOSS) PER SCHEDULE K-1 -100,000.
TOTAL TO SCHEDULE K-1, ITEM L -100,000.
PARTNER NUMBER 4
18060814 146773 ELK0020 cdN ribtinsAtc s:::
2: 3013
EFTA 00143626
EFTA01280182

4
Schedule K-1 (Form 1065) 2012 Pacie 2
Tlili litt Maneli., the codes used on Schedule K-1 for all partnera and provides summarized reporting information lor partner‚ who file
Form 1040. For detalled reportiag and tilina informallow see the separate Partnera Instructiona for Schedule K-1 and the inetructions
for your income raa return.
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18060814 146773 ELK0020 cdKrlibtPwrisAit ELK00202
SDNY_GM 00033014
EFTA 00143627
EFTA01280183

ELLIOT L. KAPLAN, CPA
56 BRYANT AVENUE
EDISON, NJ 08820
AUGUST 14, 2013
BLUE CHIP CAPITAL LLC
329 SEABREEZE AVENUE
PALM BEACH, FL 33480
RE: AL PARTNERS, LLC
DEAR MEMBER:
ATTACHED IS YOUR COPY OF THE 2012 PARTNERSHIP FORM 1065
SCHEDULE K-1. THIS SCHEDULE SUMMARIZES YOUR INFORMATION FROM
THE PARTNERSHIP. THIS INFORMATION HAS BEEN PROVIDED TO THE
INTERNAL REVENUE SERVICE WITH THE U.S. PARTNERSHIP RETURN OF
INCOME, FORM 1065.
THE INFORMATION PROVIDED ON THIS SCHEDULE SHOULD BE ENTERED
ON YOUR TAX RETURN, IN ACCORDANCE WITH THE INSTRUCTIONS IN
SCHEDULE K-1, PAGE 2. IF YOUR RETURN WILL BE PREPARED BY
YOUR ACCOUNTANT OR ATTORNEY, YOU SHOULD PROVIDE A COPY OF
THIS SCHEDULE TO THE PREPARER WITH YOUR OTHER TAX
INFORMATION.
WE THANK YOU FOR THE OPPORTUNITY TO SERVE YOU.
VERY TRULY YOURS,
ELLIOT L. KAPLAN
CONFIDENTIAL
SDNY_GM_00033015
EFTA_00 143628
EFTA01280184

New York State Department of Taxation and Fiance IT-204-IP
2012 New York Partner's Schedule K-1
Tax Law - Article 22 (Personal Income Tax) 4
Et
Final K-1
For calendar year 2012 or tax year beginning and ending Amended K-1
Partners: Before completing your income tax return, see Form IT.204.1P.1, Partner's lnstructons for Form IT. 204'IP (available I www.tax.ny.gov).
Partnership's information (see anstruCtions)
Partnership's name (as shown on Form 1T-204)
AL PARTNERS, LLC
A Mark an X in the box il either applies to your entity Publicly traded partnership El Portfolio investment partnership
B
Tax shelter registration number. If any 8
C Business allocation percentage C
Partner's information (see ',initiator's)
Partners name Partner's dent number
BLUE CHIP CAPITAL LLC
Partner's address
329 SEABREEZE AVENUE
City stale ZIP code
PALM BEACH FL 33480
D The partner Is n X V* 190,0170.110 004 C General partner or LEG member manager al Lir:tett partner or other LLC member
E what is the tax fang status of the partner? f.nrk an X it me a0PrOOSSIO bon. /km,. Individual El Estate/trust [XI Partnership
F If the partner's a disregarded entity or grantor trust.
enter the tax ID of the entity or ndwectuW reporting the income. if known
0 DM the partner sell its entire interest during the tax year? G Yes Q No DO
H Partner's shared profit loss. and capital Beginning Ending
1) Profit HI 0.0000 % 0.0000 %
2) Loss „ . H2 0.0000 % 0.0000 ,
3) Capital . H3 0.0000 % 0.0000 yr,
i Partner's share of kibilltiss at the end of the year
1) Nonrecourse II
2) Qualified nonrecourse financing 12
3) Recourse . .
13
J Partner's capital account analysis
1) Beginning capital account J1
2) Capital contributed during the year • cash . J2 100,000.
3) Capital contributed during the year' property J3
4) Current year increase (decrease) J4 100,000.
5) Withdrawals and distributions - cash J5
6) Withdrawals and distributions • property J6
7) Ending capital account J7
8) Method of accounting (mark an x in the appropriate box)
I I
CE Tax basis C GAAP Iji Book Other (submit expianaeore
K Resident status (mark an x in all boxes that levy)
C NYS fultyear resident I I Yonkers full-year resident O NYC fufiyear resident
=I NYS part-year resident L_I Yonkers part•year resident NYC part-year resident
MI NYS nonresident El Yonkers nonresident
L If the partner was included n a group retUrn, enter the Special NYS identification number, if known L
118001121019
288151
11.19- 12
CONFIDENTIAL
SDNY_GM_00033016
EFTA_00143629
EFTA01280185

Par 2 of 4 IT-204-IP (2012)
M 1) Was Form IT 2658•E fled with the partnership? M1 Yes C No 0
2) Was Form h1TA 405E filed with the partnership? M2 Yes C No ED
N NYS estimated tax paid on behalf of partner (from Form IT-26581 Date Amount
1) First installment N1
2) Second installment N2
3) Third installment N3
4) Fourth installment 144
Total NYS estimated tax paid on behalf of partner (000 tries NI through N4) N
O Estimated MCTMT paid on behalf of partner (from Form MTA-405) Date Amount
1) First installment 01
2) Second installment 02
3) Third installment 03
4) Fourth installment 04
Total estimated MCTMT paid on behalf of partner (add tines 01 through CA) 0
Partner's share of income, deductions, etc.
A - Partners clistnbutive share items B - Federal K-1 amount C - Now York State amount
1 Ordinary business income (loss) 1 - 100,000. 1 - 100,000.
2 Net rental real estate income (loss) 2 2
3 Other net rental income floss) 3 3
4 Guaranteed payments 4 4
5 Interest income 5 5
8 Ordinary dividends 6 6
7 Royalties 7 7
8 Net short4enn capital gain (loss) 8 8
9 Net long-term capital gain (loss) 9 9
10 Net section 1231 gun (loss) 10 10
11 Other income (loss) Identify: 11 11
12 Section 179 deduction 12 12
13 Other deductions Identify: 13 13
14 Tax preference items for minimum tax 14 14
Identify,
15 Net earnings (lass) from self employment 15 15
18 Tax•exempt income and nondeductible expenses 16 16
17 Distributions - cash and marketable securities 17 17
18 Oistnbutlons • other property 18 18
19 Other items not included above that are required to be
reported separateN to partners 19 19
Identify
Partner's share of New York modifications (see ostructrons)
20 Nt,w York Stale addit>onf.
Number A - Total amount B - New York State allocated amount
20a EA-
200 EA-
20c EA-
20d EA-
20e EA-
20f EA-
21 Total addition modifications (total of column A. linen 20a through 20t) 21
118002121019
7864,52
•
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IT-204-IP 12012) Page 3 of 4
Partner's share of New York modificationsicentinuech
22 New York State subtractions
Number A - Total amount B - New York State allocated amount
22a ES-
226 ES-
22c ES-
22d ES-
22e ES-
221 ES-
23 Total subtraction modifications (total of column A. hoes 22a through 22* 23
20 Additions to federal itemized deductions
Letter Amount
24a
24b
24c
24d
244
29(
25 Total additions to federal itemized deductions (add hoes 24a through 240 25
26 Subtractions from federal itemized deductions
Letter Amount
28a
28b
26c
26d
26e
26f
27 Total subtractions from federal itemized deductions (add Imes 26a through 260 27
28 New York adjustments to tax preference dens 28
Partner's other information
29a Partners share of Now York source gross income 29a
2% MCTD atlocatron percentage (see inStructrons) 2%
Partner's credit information
Part 1 - Flow-through credit bases and factors
Brownfield redevelopment tax credit !Form!(-61 I or IT-611.1)
A Form IT-811 8 - Form IT-811.1
30 Site p•epa'atan credit component 30 30
31 Tangible property credit component 31 31
32 On.srte groundwater remediation credit component 32 32
1180 0 3121 019
lIIINIIIIIIIINIIIIIIIHIIIII
CONFIDENTIAL
SDNY_GM_00033018
EFTA _00143631
EFTA01280187

Page 4 of 4 IT-204.417 (2012)
Partner's credit information (continued)
U capital tax credit (Form17-602)
33 Contributions of money to EZ community development projects 33
34 Recapture c4 credit for investments in certified EZ businesses 34
35 Recapture of credit for contributions of money to EZ community development projects 35
QEZE tax reduction credit (Form I7-604)
38 QEZE employment increase facto 38
37 QEZE zone allocation factor 37
38 QEZE benefit period facto 38
Excelsior jobs program tax credit (Forma-607)
39 Excelsior jobs tax credit component . 39
40 Excelsior investment tax credit component . , 40
41 Excelsior research and development tax credit component 41
42 Excelsior real property tax credit component 42
Farmers' school tax credit (Form 17-217)
43 Acres of qualified agricdtural property 43
44 Acres of qualified conservation property 44
45 Elgible school district property taxes paid 45
46 Acres of qualified agricultural property converted to nonqualdred use 48
Other flow-through credit bases and factors
Credit bases
Code Amount Code Amount
47a 47d
47b 47e
47c 471
Credit factors
Code Factor Cods Factor Cods Factor
47q 471 47k
47h 47i 471
Part 2 - Flow-through credits, addbacks and recaptures
48 Longterm care insurance credit (Form 17-249) 48
49 Investment Credit (including employment incentive credit and historic barn rehabilitation credit; Form 17-212)40
50 Research and development • Investment credit (Form IT-212) 80
51 Other flow through credits
Code Amount Code Amount
51a 51e
51b 51f
51c 51g
51d 51h
52 Addbacks of credits and recaptures
Cods Amount Cods Amount
52a 52d
526 52e
52c 521
118004121019
288862
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EFTA01280188