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EFTA01280189.pdf

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AI Summary

This document contains 2012 tax filings for Midway Cadence LLC and its partner Blue Chip Capital LLC, showing business losses, deductions for consulting fees, and filing requirements across federal and multiple state jurisdictions (New York and North Carolina). [Rating: 3/10 - Routine business tax filings with standard partnership distributions and losses, no notable figures or unusual transactions]

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financial_transactions

Extracted Entities

Name Type Context
Blue Chip Capital LLC organization Partner in Midway Cadence LLC receiving K-1 distributions and losses
Midway Cadence LLC organization Partnership entity filing Schedule K-1 tax documents

Full Text

651112
( S F c o h r e m d u 1 l 0 e 6 K 5 - ) 1
2012
FInat.1(-1 Amended K.1 OMB No 1545-009°
Fr mincer year 20'2. crak It Partner'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 f u t e h e S T e r r e v a ic s e u ry year boor ,o NOVEMBER 13, 2012 Deductions, Credits, and Other Items
DECEMBER 31, 2012 1 Ordinary business income foss) 16 Credits
Partner's Share of Income, Deductions, 0.
Credits, etc. No See Separate instructions. N..melsweraerweecceNse
I —1, 115 . 16 Foreign transactions
PrietC Information About the Partnership 3 Other net rental Income (loss)
A Partnership's emolovet identMcation number 4 Guaranteed payments
8 Partnership's name. address, dty, state, and ZIP code 6 Interest income
MIDWAY CADENCE—_Ilf
te Ordinary dividends
17 Akernative min tax (MIT) items
L- 6b Qualified dividends 151.
c IRS Center where partnership filed return
E—FILE L
7 Royalties
___
El 16 Tax-exempt income and
Check If this is a pubddytraded partnership (PIP) II Net short-Ierrncapiti gain (loss) nondeductible expenses
Part II Information About the Partner 9a Net long-termcapital gain (loss)
E P r r r's " er L
99 CollectItess (28%) gale (loss) 19 Distributions
F Partners name, address. City, state. and Z:P code Bc Unrecaptured sec 1250 gain
20 Other Information
BLUE CHIP CAPITAL, LLC 10 Net section 1231 gain doss)
11 Other Income (loss)
ri Li'
General partner or LLC DEITStilted partner or other LLC
member-manager member
H Domestic partner C1 Foreign partner
[1 What type of entity is this partner? PARTNERSHIP 12 Seddon 179 deduction
12 If this partner is a retirement plan (IRA/SEP/KeoghANC.), check here LJ
J Partners share of profitless, and capital: 13 Other deductions
Beginning Sling W*( 502.
ProM 1.5562250% 1.5562250%
Loss 2.0Warl% 2.0080320%
Paris 2.0080320% 2.0080320% 14 Self-employment earnings floss)
K Partners veers of liabilities at year end: I 0.
Nonreoeurse t 211.
WAWA nonrecoutse bander) •See
attached statement for additional in grimed
Recourse t 158,875.
I. Partners capital account amyl*:
Beginning carnet account $ S
Capital contributed during the year $ 50,000.
Current year Increase (decrease) —1,652. S
Withdrawals di distributions
Ending capkal account 48,348.
fil Tax bast El GAAP C-3 Section 704(bl book
= Other (explain)
M Did the partner contribute property with 3 bull-In gain Or loss?
El Yes r No
If Yes", attach statement (see Instructions)
91-re
or-co-is U-IA For Paperwork Reduction Act Notice, see instructi ns for Form 1065. !RS ovilorrn1065 Schedule K-1 (Form 1065) 2012
1
12260322 758241 21146.222 (:;jtkii2prETMITT9EAI L LLC 21146. K1
SDNY_GM 00033020
EFTA_00143633
EFTA01280189

MIDWAY CADENCE, LLC
SCHEDULE K-1 OTHER DEDUCTIONS, BOX 13, CODE W
DESCRIPTION PARTNER FILING INSTRUCTIONS AMOUNT
CONSULTING FEES 502.
TOTAL TO SCHEDULE K-1, BOX 13, CODE W 502.
SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES)
DESCRIPTION AMOUNT TOTALS
RENTAL REAL ESTATE INCOME (LOSS)
SCHEDULE K-1 INCOME SUBTOTAL
OTHER DEDUCTIONS -502.
SCHEDULE K-1 DEDUCTIONS SUBTOTAL -502.
NET INCOME (LOSS) PER SCHEDULE K-1 -1,617.
PREPAID RENT-CY -35.
OTHER INCREASES OR DECREASES SUBTOTAL -35.
TOTAL TO SCHEDULE K-1, ITEM L -1,652.
PARTNER NUMBER 1
12260322 758241 21146.222 CONFIDENT! CE, LLC 21146 K1
SDNY_GM_00033021
EFTA_00 I 43634
EFTA01280190

1
&hada K-1 (Form fC6$) 2012 Page 2
This list Wordless the codes used on Schedule 11-1 loran partners and provides summarized reporting information for partners who file
Form 1040. Per detailed reporting and filing 'Sarmatian, see the separate Partners Instructions for Schedule K-1 and the IntruclIons
for your Income tax return.
Cole Report CA
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1
12260322 758241 21146.222
, LLC 21146 1(1
SDNY_GM_00033022
EFTA_00 143635
EFTA01280191

New York State Department of Taxation and Rnance 11-204-IP
New York Partner's Schedule K-1
2012
Tax Law - Article 22 (Personal Income Tax) 1
Final K-1
For calimdar year 2012 or tax year beginning 11-13-2012 endending 12-31-2012 Amended K-1
Partners: Before completing your Income tax return, see Form IT-204•IPI, Partners Instractions for Form IT-204.1P (available at www.tex.ny.gov).
Partnership's information (see instructions)
Partnership's name (as shown on Form IT-204) Partnership's EIN
MIDWAY CADENCE, LLC
A Mark an X in the box if either applies to your entity O Publicly traded partnership Portfolio investment partnership
B Tax shelter registration number, It any
C Business allocation percentage 0
Partner's Information (see Instructions)
Partners name Partner% Identifying number
BLUE CHIP CAPITAL, LLC
Partner's address
D The partner le a ;nark an X A an eppecprieta tax) C General partner or LW membenmanager DE Limited partner pother LLC member
E What Is the tax Unit status of the partner? (-ran( 01X ir me V0IVet44 b0.1. It rnonn.; C Individual n EstateArust Er Partnership
F If the partner is a disregarded entity or grantor trust,
enter tie tax ID of the entity or Individual reporting the income, if known F
0 Did the partner sell its entire Interest during the tax year? a Yell 0 No MI
H Partnere share of profit, loss, and capital Beginning Ending
1) Profit H1 1.5562 % 1.5562 %
2) Loss H2 2.0080 % 2.0080 %
3) Capital H3 2.0080 % 2.0080 %
I Partner's share of liabilities at the end of the yaw
1) Nonrecourse 11 211.
2) Qualified nonrecouree financing 12
3) Recourse 13 158,875.
J Partnere capital account analysis
1) Beginning capital account J1
2) Capital contributed during the year • otteh J2 50,000.
3) Capital contributed during the year • property J3
4) Current year Increase (decrease) J4 -1,652.
5) Withdrawals and dhitrlbutions - cash J5
6) Withdrawals and c btribut lahs -property J6
7) Ending capital account J7 48,348.
8) Method of accounting (marker) /fin the approprfa% box)
LKJ I=
Tex basis CI GAAP Book Other (submit explanation)
K Resident status (mark an A' in arr boxes that mt e)
0
NYS fui-year resident Yonkers fullyear resident C NYC fullyear resident
0 NYS part-year resident C Yonkers part-year resident El NYC part-year resident
M NYS nonresident El Yonkers nonresident
L If the partner was induced In a group return, enter the special NYS identification number, if known L
1180 0 1121 01 9
235651
114902
CONFIDENTIAL
SDNY_GM_00033023
EFTA_00143636
EFTA01280192

Page 2 of 4 IT-204-IP (2012)
M 1) Was Form IT-2858-E lied with the partnership? M1 Yes LI No El
2) Was Forrn MTA-408E filed with the partnership? M2 Yes n_ No El
N NYS estimated tax paid on behalf of partner (from ROM/ fT-2658) Date Amount
1) Fret installment NI
2) Second installment 142
3) Third installment
4) Fourth Installment N4
Total WS estimated tax paid on behalf of partner (addI nn NI through N4)
O Estimated MCTMT paid on behalf of partner (from Form WA-405) Dale Amount
1) Fkis: installment 01
2) Second Installment 02
3) Third Installment 03
4) Fourth Installment 04
Total estimated MCTMT paid on behalf of partner (add linos 01 through O4) O
Partner's share of income, deductions, etc.
A - Partner's distributive share items B - Federal K-1 amount C - New York State amount
1 Ordinary business 'acorn(' (loss) 1 1
2 Net rental real estate income (loss) 2 -1, 115 . 2
3 Other net rental Income Goes) 3 3
4 Guaranteed payments 4 4
5 interest income 5 5
6 Ordinary dividends 0 6
7 Royalties 7 7
8 Net short-term capital gain cote) 8 8
9 Net longterm capital gain (loss) 9 9
10 Net Section 1231 gain (loss) 10 10
11 Other income goss)idenrify: 11 11
12 Section 179 deduction 12 12
13 Other deductions ideally: SEE STATEMENT 13 502. 13
14 Tax preference items for minimum tax 14 15 1 . 14
Money:
15 Net earnings {loss) from self employment 15 15
18 Tax-exempt Income and nondeductible expenses 10 16
17 Distributions-cash and marketable securities 17 17
18 Distributions • other property 18 18
19 Other items not included above that ors required to be
reported separately to partners 19 19
laterally:
Partner's share of New York modifications (saeinstructions)
20 716‘..,, York State additions
Number A - Total amount El - New York State allocated amount
20a EA-
20b EA-
20c EA-
20d EA-
20e EA-
201 EA-
21 Total addition modifications (total of column A, ides 20a through 201) 21
118002121019
CONFIDENTIAL
SDNY_GM_00033024
EFTA_00143637
EFTA01280193

IT-2044P (2012) Page 3 of 4
Partner's share of New York modifications (continued)
22 New York State subtractions
Number A - Total amount - New York State allocated amount
22a ES-
22b ES-
22c ES-
22d ES-
22e ES-
221 ES-
23 Total subtraction mocificattone (total of column A. Ines 22s through 2212 23
24 Additions to federal itemized deductions
Letter Amount
24e
24b
24o
24d
24e
24f
26 Total additions to federal itemized deductions (add lines 24a through 241) 26
26 Subtractions from facers., Itemized deductions
Letter Amount
26a
26b
26e
26d
26e
26f
27 Total subtractions from federal itemized deductions (add tines 26a through 261) 27
28 New York adjustments to tax preference items 26
Partner's other Information
299 Partner's share of New York source gross Income 206
2% MCTD allocation percentage (see Instructions) 209 Wo
Partner's credit Information
Part 1 - Flow-through credit bases and factors
Brownfield redevelopment tax credit (Form IT-611 or17-611.1)
A - Facto IT-611 8 - Form IT-011.1
30 Site preparation credit component 30 30
31 Tangible property credt component 31 31
32 onarte groundwater rernedlatlon credt component ,,,,,, 32 32
118003121019
28/3861
11.11-12
CONFIDENTIAL
SDNY_GM_00033025
EFTA_00143638
EFTA01280194

Page 4 of 4 IT-2044P (2012)
Partner's credit Information (continued)
EZ capital tax credit (Form IT-602)
33 Contrtutions of money to EZ community development projects 33
34 Recapture of credit for investments in certified EZ businesses 34
38 Recapture of credit for contributions of money to EZ community development projects 36
QEZE tax reduction credit (Form IT-604)
36 QEZE employment increase factor 36
37 QEZE zone allocation factor 37
38 QEZE benefit period factor 36
Excelsior jobs program tax credit (Form IT-607)
39 Excelsior Jobe tax credit componect 30
40 Excelsior Investment taxcredit component 40
41 Excelsior research and development tax credit component 41
42 Excelsior real property tax credit component 42
Farmers' school tax credit (Form IT-217)
43 Acres of qudified aghcuttural property 43
44 Acres of qualified conservation property 44
46 Eligible echo/1 Patriot property taxes paid 46
46 Acres of qualified agricultural property converted to nonqueitiod use 48
Other flow-through credit bases and factors
Credit bases
Code Amount Cods Amount
475 4M
47b 47e
47c 47f
Credit factors
Code Factor Code Factor Cods Factor
479 47i 47k
47h 47j 47I
Part 2 - Flow-through credits, addbacks and recaptures
48 Long-term care insure-I/xi credit (Form IT-249) 48
49 Investment credit Oncluoing employment incentive emelt end historic ben, nthebilitetion agate F017771T-212) 49
50 Research and development • Investment credit (Form IT-212) 50
51 Other flow-through credit,
Code Amount Cods Amount
51a Ste
51b 511
51c 51g
51d 5111
52 Addbacks of credits and recaptures
Code Amount Code Amount
52a 52d
52b 52e
52c 621
118004121019
IIII IIII III IIIII I II II IIII III IIi ll
28405E
CONFIDENTIAL
SDNY_GM_00033026
EFTA_00143639
EFTA01280195

MIDWAY CADENCE, LLC
NY IT-204-IP OTHER DEDUCTIONS
AMOUNT FROM NEW YORK
FEDERAL STATE
DESCRIPTION SCHEDULE K-1 AMOUNT
CONSULTING FEES 502. 0.
TOTAL TO FORM IT-204-IP, PAGE 2, LINE 13 502. 0.
PARTNER NUMBER 1
CONFIDENTIAL
SDNY_GM_00033027
EFTA_00 I43640
EFTA01280196

NC 1(L1 (39) 2012 Partner's Share of
(D-403) N.C. Income, Adjustments, and Credits
10-11.12 Noith Carolina Department of Revenue
For calendar year or fiscal year beginning 11 13 12 amending 12 31 12
Partnersidenti In Number Federal
Partner's Name, Address, and ZIP Code Partnership's Name, Address, and ZIP Code
BLUE CHIP CAPITAL LLC MIDWAY CADENCE LLC
THERE ARE NO ADJUSTMENTS OR CREDITS FOR THIS PARTNER
!ShabaIs Filing Form
Partnership's Pro Rata Share Items Amount 13-400 Enter Arr bi:nt on:
All Partners
1. Share of partnerahlp Income (loss) —1115
2. Addlions to income (loss)
a. Addition for bonus deprecbtlon 0 Page 2, line 35
b. Other additions to Income (loss) 0 Page 2, Line 36
3. Deductions from Income (loss)
a. Deduction for bonus depreciation 0 Page Z Line 44e
b. Other deductions from income (loss) 0 Page 2, Line 49
4. Share of tax credits 0 Form D-4O0TC
5. Share of tax withheld from nonwage compensation
paid for personal services performed in N.C. 0 Page 2, Line 23
Nonresidents Only
6. Nonresident's share of N.C. taxable income (loss) 0 Page 2. Line 51
7. Nonresident's snare of nel tax paid by the manager
of the partnership 0 Page 2. Line 24c
244091
12-23.12
CONFIDENTIAL
SDNY_GM_OOO33O28
EFTA_001.136.1I
EFTA01280197