← Back to Browse

EFTA01280320.pdf

set10 Interestingness: 4/10 Original PDF ↗

AI Summary

This document contains 2013 tax forms (Schedule K-1) for Midway Sterling LLC showing partnership income distributions to Blue Chip Capital LLC. The partnership reported rental real estate losses of $4,385 and consulting fee deductions of $1,432. [Rating: 4/10 - Standard tax documentation showing business partnership structure and financial flows, but lacks notable figures or unusual transactions]

Flags

financial_transactions

Extracted Entities

Name Type Context
Blue Chip Capital LLC organization Partner receiving K-1 distributions from Midway Sterling LLC, identified as a partnership entity
Midway Sterling LLC organization Partnership entity filing tax returns, located at 270 Lafayette Street Suite 409, New York, NY

Full Text

2
651113
2013
Schedule K-1 Final 1(.1 I Amended K-1 OMB No. 15450099
(Form 1065) Part III Partners Share of Current Year Income,
Fcr Mira. year 2013. ce rY
Department of the Treasury yaw blow* JUNE 28, 2013 Deductions, Credits, and Other Items
Infernal P.evenue Service e,,,, DECEMBER 31, 2013 1 Ordinary business income (loss) 15 Ciredits
Partner's Share of Income, Deductions, 1 0.
Credits, etc. p. See separate instruedons. ms
21.4atmW egftrrameNW
-4,385 16 Foreign transactions
3 Other net rental income (IOW)
Part I Information About the Partnership
1
A Partners,' 's employer identification number 4 Guaranteed payments
9 Partnership's name, address. city. stale. and ZIP code 5 Interest income
1
MIDWAY STERLING LLC 68 Ordinary dhidenas
270 LAFAYETTE STREET SUITE 409 17 Attemalim mn lax (AMT) items
NEW YORK, NY 10012 (14 Qualified dividends A 290.
C IRS Center where partnership Ned return
E - ELLE 7 Royalties
16 Taxcempt income and
D O Check if miss a publidy traded patnersr (PIP) Net shoretertn capital gain (loss) nondeductilite expenses
C* 2.
9a Niel long.term capital gain (loss)
Part II Information About the Partner
E Partner's Identifying number 9b CrIleuibles (28%) gain (loss) 19 Distributions
20-3161309 A 444.
F Partner's name, address, city, state, and MP cede ge Inrecaptured sec 1250 gain
29 Otrer information
BLUE CHIP CAPITAL LLC 10 Net section 1231 in (loss)
11 Other income (loss)
(1 0 General partner or LLC a] Limited partner or other LLC
member-ranger member
N C3EI Domestic Partner 0 Foreign partner
11 What type ol enbty is tho partner? PARTNERSHIP 12 Section 119 deduction
O
12 If this partner is a retirement pan (IRA/SENKeoghfek.), chock here
J Partners share of profit loss, and capitat 13 Other deductions
Bestrode. Ending 1,432.
Profit 0.8072920% 0.8072920%
Loss 1.0416670% 1.0416670%
Capital 1.0416670% 1.0416670% 14 Sell-employment earnings (loss)
I( Partner's share of liabilities at year end: 0.
Nenrecoxse 2,009.
Oualified nonrocoome financing 50,311. *See attached statement for additional information.
$ 0.
Recoirse
L Partners capital account analysis:
Begirt Mg capital account
8
Cashel contributed during the year 25,000.
Curren: year increase fceaease) -5,820.c S o
Withdrawals 4 distneutions 4444co
Ending capital account 18,736.
o
LL
III Tax basis 0 GAAP Section 704(0) bock
D Other (explain)
M Did the partner contribute property with a bull-in gain or loss?
0
yes M No
Itlet lateen statement (see instructionsi
.c3.13 DIA For Paperwork Redaction Act Notice, see Instructions for Form 1065. IRS.govdonn tC65 Schedule K-I (Form 1065) 2013
2
08300315 758241 21146.22 tONFIDENTM It : LLC 21146_R1
SDNY_GM_00033199
EFTA_00143802
EFTA01280320

MIDWAY STERLING LLC
SCHEDULE K-1 OTHER DEDUCTIONS, BOX 13, CODE W
DESCRIPTION PARTNER FILING INSTRUCTIONS AMOUNT
CONSULTING FEES 1,432.
TOTAL TO SCHEDULE K 1, BOX 13, CODE W 1,432.
SCHEDULE K-1 NONDEDUCTIBLE EXPENSES, BOX 18, CODE C
DESCRIPTION PARTNER FILING INSTRUCTIONS AMOUNT
NONDEDUCTIBLE EXPENSES - SEE IRS SCH. K-1 INSTRUCTIONS
PASSTHROUGH 2.
TOTAL TO SCHEDULE K-1, BOX 18, CODE C 2.
SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES)
DESCRIPTION AMOUNT TOTALS
RENTAL REAL ESTATE INCOME (LOSS) -4,385.
SCHEDULE K-1 INCOME SUBTOTAL -4,385.
OTHER DEDUCTIONS -1,432.
SCHEDULE K-1 DEDUCTIONS SUBTOTAL 1,432.
NET INCOME (LOSS) PER SCHEDULE K-1 -5,817.
NONDEDUCTIBLE EXPENSES -2.
PREPAID RENTS - CY -1.
OTHER INCREASES OR DECREASES SUBTOTAL -3.
TOTAL TO SCHEDULE K-1, ITEM L 5,820.
PARTNER NUMBER 2
08300315 758241 21146.225CO)RODENY TErtAtLLC 21146 R1
SDNY_GM_00033190
EFTA_00143803
EFTA01280321

2
Page 2
Sehedze (Fenn 1065) 2013
This list identifies the codes used on Schedule K.1 for all partners and provides summarized reporting information lor partners who Ole
Form 1040. For detailed restarting and filing information, see the separate Partner's Instructions for Schedule K.1 and the instruction
for your income tax retain. Cote lata: Cr
1. I p T as :l c e ha y l e W ta a t l e e l m lte e n: m ~ e e e a e 13 l . o tw n y a o i u n ' r . e w in e a e s 'a l b e e e t on pout) is M F e C m m e p p d l o o t s I p S t t r e . i ~ v n a t e n e o i a t n w t , o Neeetth
octkeilies ON)
Reel On N 6grlaenpl0ywtl4Y
pan* an See the Pietner'S har.C.018 ~Cy and Hecate teen
Pasx• Pane Scene E. Wm 28. token (9) O Oacaup enheatIS
Nei passive lee Scheele E. lei 28. Ø.) P Crier arete
Nap eon income Scheele E. lee et eatarn
2 3 . E Ne T t e p r e n t e a t l ~ N S M l M ee it t e » M U (08 M 10 I IM0 See Me Pere's In:truant* It F A ee N , a . m t e e o ra l T te a e n r e e y cr S j
0 4 . . I N O N fi a u a t t a e n lo a w e s rt l e e e t h e o d o M ns e i e 1 ~ ~ t - e e N a m n is 1 s 0 P 4 F E 0 r , e , b la n . n e e e . 2 8 s 1 in 3 e t v e o e d te e in o n , : s a ; • C p G l C e o t v a a s e m t s l a e l r i s n c ic a a e r n e e E s Y o M -L a e ll d m e u g r P ra e a tr a , Fare 'INEPT 1
b 9 I i 4 . . . . F D N O C W l u M t o o e e e l y K n l l t e h : e l n n t e y a e r e i l a . e c e h m i 2 n e n 8 c e n 1 a l n e a ‘ p ) d n w S t e * m e e l e e e e ,a n 4 4 T 0 ,1 0 e 8 e 19 F F ( ~ S S 2 3 5 c e e O e % . h e n T t e W t n e 1 m 1 e e 0 9 M e * e m 4 4 0 0 0 E o G , . . . , I a T n a t a T i i m e n r a e e e l W % n a % e 1 e 2 l e n e a s n e , * Ire' R O E F D O e e d i P G O e g u m a e t c n n n s t c e ; e e a r e r n r n o a e e t l e e c o S a t p r l l e e t i e n e c e e e e c p y y e , a s r e e e A d pp e a r l a t c e no tn d e a r c an he e e N l yr r F e a m m I t I il I e °, , P Pa a rt l l
UntectpbenAl wet 12C-0 5.. le Paints Inelruchora 11 Orel gent lilt Pert i
1 1 0 1 . O Na te t T ra e n n z o e n r e "3 e 1 e 9 l 4 ) neast SN ~Patera ~Meta ~Inns ~re and ØØ a prInerTO lee Kt KeEn Ø
Income
COT I Pane eatery
B C A C h S O e .0 t W e 1 t p l 2 a e 1 r a 6 y t c l e e e a a r r t t n a s c e c o t r s r a n & c * e P W o a e d t es F S S e e a e e n t t h h V e e F e n t t i / , r I i i n n n Y o a a ' 1 . h k e ew n- : a io lo n n s e < J E EI t T ta T S cepay Fee 1110, Ped
E D • 0 i O li t t n l n e e i a r ti r e t k e e kh e e c n s M . e V P O o cs s , c s h 1 h e osts ree-The F S S a e e in ~ P L 1 P O 04 . e 5 0 n , 3 i 6 t s " a I t n a e u F c e t r e n n 9 e 0 2 N 1 • C .1 a w R l T a o e M i t K a e l a r c l o o r e y r " * T t i , n r n f a t t a t a t x x e e e s s s p T a y v e d a e lm Y le eel F F Fe e e n w r n 1 I I 1 I I 1 l l e e 8 . , , I P r t a , T . t 12
12 Sean 1111 ~due:~ See Ira Paper* ineTuchora o FatteneaandØselr.nta gam WS
13. A O the C r l ~ ai i n m e a e m l, it ueons I P o E c a a l w ne l w am h b o e n n d > m m em a o n e ex « cl usion P Se e e r l n e a P ?' o rtnetaffsSfia
13 Gogh cone ~a 1:173&)
C Ncnr..an canTedbons Dal) 17 Allamatve inneen J.JAll name
D Noreen amereemna(00%) Seel-m(1SM* ~tat, A Post-1946 clectecaller silent
• Gee pain proilerly 10 O Acipat.1 gait Ct IOSs 1 $e Ina Pettra's
Wageadion (T%) C Oeolsbor (one than DI & gas) insIrJellons via
F Cate (291 Weedy DOM) Ci 04. auk a peewee goat more Irer IMeCht 5 W
I P G K J L i C . D C a D S . y e e e . c a n a c d d e c t t u i u t g i i O o s b e c e n e u b t t t i h e o s f 5 n i e s n c p 9 t n s • e a e ( 4 d 0 ! a p C ( W t 2 1 O « a e 0 r ) P t e m ~ 7 s 2 4 m e m M a . ) . l . i C D l e E c e N a a r e N T l e n l e ' ," e T a t a e -re l pot & S S S r S e c e N r t m r e e e w e e c t 4 h i e ) P t l . e P 4 S E . a A A A 2 . , . , , l I 1 h e I i n n n n r e c t s ' . s 1 l ' 2 2 o 9 I 3 8 n t Se -a ve rm lic 1 e C • 40. lee 29 % E F ' C E A S l 1- M O O N T a e t i e e h l e n . n e C T a t P r e m N A t l e m o m l & ( e C e a p e t t b r o a s i i e r i e t n l a l w e T 0 s e r . t e e W ie n n r l e e s r f l e t s e • e n e s e d a e u i c c e lit r e s n ose. F F S S a e a e e n t T e 8 1 . 2 0 P ~ 5 4 " 0 n a o l I t n e r' c % rs a ~ n e a i " m ine
P • C O E D P G c e e o u c p c e m o a d n to , m e J n n e a , t n l e s n tw a i e F I e b e lM m e e I e * O T ts C e b g o ~ h r K l e e J s s " F S S S e c n e . n l F t e e 2 P o e 4 P e a 41 a e 8 . l 5 F n r 8 i e e a 2 t r I s s 1 n 2 ~ l s W t w ru V e c l t n e o Ø r. s 19 D • A i st G D r0 a e 4 s t 0 t h i 1 e T 1 u A 1 T r e a a n b e je e c t lo T te e e e m m 717 I Seen Pertres Ierveliona
`entree, MI Ma =wises G Other Oteeer
P Fersona end IRAs Sn lM Paener's MaliTtlyie 20 Ole ~helot
S 'Ma TEE cm 0,.,Ohnle ~WI Ste IN Parer& lesentions A Inmate" trCere Fern 4062, line Mt
Dante.« Chalucrwc ashvOICS Sae rem eau ettutOns • Mews. ML WS gam 4052, led
Inlmslip an G ',el lax t nioneice ram 4138
Ousea production Dames none Font ~Jens lb D OValheC wwthionhnewelettures
3 Fmnioyers Fen W-2 wage gam 8•03, IS 17 (site Or rental teal ette) Sn TeParnees ~TOTS
W otre ~Sens Sm. 9te Partnfletr,el ors E Bees 01i napt CratalY Sn Va PeallS/fl lestionsne
• ReCACCM CwrICCM Myra
CrIM 42Q(Se rem tie II, se 8
Sel-TploYete ere (10a) G Nacitre of te-eneene Morel
N you eve a Teen 179 ~UT a Ty ~Jae etidebes, eel: :eel Fann Sell, tell
ne Paitrifl rattte Mee complerc &hale SF. H /Intern of mete", gee See Fenn 4256
A O M O e m l c t e e a m ta l p v i m z e y n p p tm o a e l m fh t w en o Wee & Se P e t e re e P s S e E h . S e' e s c e a n n s t i A n i S c c e a ne I J L l F o e e r c 4 a a t c S e E a r re e , c e r o t a l o t: r t w h e e a . r t t ~ - ~ e p l eed S Se T e F th a e m a n 80 n 0 . 7 's Inatructiora
C tires nontWes mane See ine Pilnorn earaches K m Loo a k r - e on e Mee: • income tape Soo Fart Otte
15 Uedle L Die:aeons & ',toasty wit,
A ( e te s e e tT r e i i m e re m 42( e te h S o e T m T e , p n re e e 23 08 • N R e F t e e a t e t ° le t , g l g a lp e M d e a s e l e e p f t u i a c l . , p C 1 e a 7 0 te e a d t a t p ci a on le .
B Leasecanw Murt one o See 4531032 niortemen
(Gee) ran pra-EXIOS etude°, P Sage 453A(etanlarralen
C Let-Incere eerie aetit Isc<Ect, O Seen 12430,»Inkemale
L 42 o 0 T 2 i 6 n 1 c 3 e tc rn et e t 9 le 0 m 2. m 20 a 0 a 7 e C l u N er e o e . r • Se te Priers inP,Lci ere • O ti W ta O n W C IM Wa M s I• MOvOrCe I S s e T e P e m ct P e ie e r ne's
tern pool-7C07 tursame S ØndnaWAfdnlnaaata
E Ousted rehabaillkOr expeseitme T Deem mlomtatice • o regal
F ( O M te a r y t s e e r e a e r t e a ) d ate aeons U 3 ~ L l i a e t b e e ba o n f t e o s t: N ~ ee c m . . c .c om on e t .
O Dee eel Male W Pearrib.glco oar dovi
I • U 8M nd ~ e i l t b r e e a xe = r e o e n l d g t one :fee Fam 1040. ie 71:Ø cox • I 3 I N S M et r t e le g " e A n ke t ri i e nc tr o E m l e c m
J Wba efieraaney aed4 See :he Perter's IrulatXtions Z Oer ifilomlabcn
K [Table se« U.S
311282
12-03.13 ..46.22ccr,,,,,,ENTTAr 2
LLC 21146_R1
08300315 758241
INF
SDNY_GM_00053191
EFTA_00143804
EFTA01280322

r
SCHEDULE ill ill 11111111111l,i lt III ALABAMA DEPARTMENT OF REVENUE
K-1
INDIVIDUAL & CORPORATE TAX DIVISION
(Farm 65 and Form 20S)
2013
Owner's/Shareholder's Share of
2
Income, Deductions, Credits, etc.
• Subchapter K entry
• 0 SCorgOratkin SEE INSTRUCTIONS • Lj Final K-1
• ni GIP Indicator Tax year beginning JUNE 28 .2013 and ending DECEMBER 31, 2013 • O Amended K-1
Owners/Shareholders Share of Current Year
PART I Inlormation Abut the Pass Through Entity PART Ill Alabama Income. ['edict'. es, Credit, and Other Items
A I Frulys Federal Employer -dentifica:ion Number Income allocated and apportioned 100% Alabama • to be reported
to Alabama by Alabama residents
Hansen:irately stated ilICUITMI
B Entry s name. address, city, slate, and 713 code
MIDWAY STERLING LLC IUI . -4,385.ITA2E•
270 LAFAYETTE STREET SUITE 409 Mount or guaranteed payments to partner to be reported by the partner as
NEW YORK, NY 10012 Alabama source Income (see InStnntions)
PART II I Information About the OwneriSharehoider
IW •
C Owner s/Shareholder's identifying number Section 179 expense
• 2o-3161309
0 • 102 •
I) OwnersiShateholder's name Investment interest expense related to portico, Income
•BLUE CHIP CAPITAL LLC
P • IP2I
E Owner's/Shareholder's strut address Po rtfolio income
4 • I MI*
F Ofinet's/Shareholders - state. ZIP code Other expenses related to portfolio income • do not include interest expense
• R • IR2 1*
8 • General partner or LLC • Limited partner or other EEC Charitable contributions
member manager member S • I AS J •
H What type of entity is this owneUrarcholder? Other separately stated business earns (attach schedule)
• PARTNERSHIP T • —1,432.112 I •
Tax exempt teltty Composite payment made on behalf of owner/shareholder (see instructions)
I Cirners/Shareholder's percentage of profit and (loss) sharng
• 0.8072920 U •
H.S. income taxes paid (see instructional
J Check if oymer/shareholdet Is a nonresident *Di( Nonresident
If a nonresident, provide state of legal residence V • I v2 I •
FLORIDA Casualty losses (see insnuctions)
Chedic if the Gantt is a single member LLC.
W • I W2 •
• 0 Owner Withdrawals and distributions
K Owner's basis at end of tax yew X • 444.
• 18,736. Small business health insurance premiums (attach explanation)
L 1. Credit for taxes paid to foreign country y •
• Od and gas depletion
2. Heroes for Hire Credit r
• Z • I z2 !•
3. Full Employment Act of 2011 Separately stated nonbusiness items (attach schedule)
• AP. •
4. Capital Credit Alabama exempt income (attach explanation)
•
5. Al. New Markets Oevelomrant Credit I /192i•
•
S. Enterprise Zone Cade
•
7. Irrigation Credit A completed Alabama Schedule K-1 for each member in the Subchapter K
• entity/S corporation must be attached to Form 65/Form 208.
MWM09-1613 1019
CONFIDENTIAL
SDNY_GM_00033192
EFTA 00143805
EFTA01280323

MIDWAY STERLING LLC
AL 65 SCH. K-1 OTHER SEPARATELY STATED BUSINESS ITEMS
AMOUNT
DESCRIPTION
-1,432.
CONSULTING FEES PARTNER: 2
TOTAL TO SCHEDULE K-1, PART III, LINE T -1,432.
PARTNER NUMBER 2
CONFIDENTIAL
SDNY_GM_00033193
EFTA_00 I 43806
EFTA01280324

NC K-1 (39) 2013 Partner's Share of
(D-403) N.C. Income, Adjustments, and Credits
1C-23-I3 North Carolina Department of Revenue
Fo• calendar year or ?scat year beginning 06 28 13 ;nil ruling 12 31 13
Partner's Identifying Number Federal Em lo er ID
203161309
Partner's Name, Address• and ZIP Code Partnership's Name, Address, and ZIP Code
BLUE CHIP CAPITAL LLC MIDWAY STERLING LLC
270 LAFAYETTE STREET SUITE 409
NEW YORK NY 10012
Individuals Filing Form
Partnershij s Pro Rala Shale Huns Amount D•400 Enter Amount on:
All Partners
1. Share of corincisho motile (loss) -4385
2. Additions to income (loss)
a. Additon for bores depreciation 462 Page 2, line 35
b. Curer additions to incorre :loss) 0 Page 2,1 kw 38
3. Deductions from income (loss)
a. Deduction for bonus dep•eciation 0 Page 2,1r te 46
b. Cher deductions from income (loss) STMT 1432 Page 2, Line 51
4. Share of tax cred is 0 118[8D-4001C
5. Share of tax withheld from rormage compensation
paid fa personal services performed in N.C. 0 P&p 2, line 23
Nonresidents Only
6. hosresidat.'s share of N.C. taxable income (loss) 0 Page 2, line 53
7. tic hiesidorr's share of net tax Mid by me manager
of tie partnership 0 Page 2, Line 24c
300201
CONFIDENTIAL
SDNY_GM_00033194
EFTA_00 I 43807
EFTA01280325

MIDWAY STERLING LLC
NC SCH K-1 DEDUCTIONS FROM FEDERAL TAXABLE INCOME
DESCRIPTION AMOUNT
CONSULTING FEES 1432
TOTAL TO SCHEDULE K-1, LINE 3B 1432
CONFIDENTIAL
PARTNER NUMBER 2
SDNY GM 00033195
EFTA_00 I 43808
EFTA01280326