← Back to Browse
EFTA01280327.pdf
AI Summary
This document contains tax forms (Schedule K-1) for Midway Vista Park, LLC for 2013, showing partnership income distributions to Blue Chip Capital, LLC. The forms detail financial losses, deductions, and capital account information for what appears to be a real estate investment partnership. [Rating: 4/10 - Standard tax documentation showing partnership income distribution with some financial details, but routine business filings without notable revelations]
Flags
financial_transactions
Extracted Entities
| Name | Type | Context |
|---|---|---|
| Blue Chip Capital, LLC | organization | Partner receiving K-1 distributions, located at 329 Seabreeze Avenue, Palm Beach, FL |
| Midway Vista Park, LLC | organization | Partnership entity filing tax returns, located at 270 Lafayette Street, Suite 409, New York, NY |
Full Text
4 651113 [ ( S F c o h r e m d u 1 l 0 e 6 K 5 - ) 1 2013 I Final Kit 0 Amended K-1 OMR Yo. 1545-0099 l'im cam-:. •<, ::. -,, , , Pad III Partner's Share of Current Year Income, DePartnent of the Treasury vmm N'Oimmil Deductions, Credits, and Other Items hternal Revenue &ate 1 Ordinary business income Doss) 15 Credit Partner's Share of Income, Deductions, I O. Credits, etc. ... See separate instructions. 2 NM rata odal afar Want lima) I - 19,149 . 16 Foreign transactions Part I Information About the Partnership 3 Other net rental income (oss) I A Partnershi 8 em dentatatlen number 4 Guaranteed payments I B Partnership's name, address, city, state, and ZIP Code S Interest income MIDWAY VISTA PARK, LLC Be Ordinary dividends 270 LAFAYETTE STREET, SUITE 409 I 17 Adernative min tax (AMT) dents NEW YORK, NY 10012 60 Quadded dividends 78 3,873. C IRS Center where partnership filec return I B* -2. E- FILE 7 Royalties J 18 lax-exempt Income and D n Chedc il this is a publicly traded palneJship (PTP) B Net shaziterm capital gain (loss) nondeductible expenses I Part II Information About the Partner 9a Net long-ferm capital gain (loss) I E Partner's identifying number 9b Collectibles (28%) gain (loss) 19 D8tributions 20-3161309 I A 4,662. F Partners naille, address, city, rate, and 218 code 9c Unrecaptured sec 1250 gait 20 Other information BLUE CHIP CAPITAL, LLC IoNesemminigainOm0 329 SEABREEZE AVENUE -5. PALM BEACH, FL 33480 11MherincOrmillel1M a j_j Genera partner or 1.1-C IXILItMed partner a Minute member-manager member H I Xi Domestic paltrier El foreign partner II Mat type of entity Is this partner? PARTNERSHIP 12 Section 179deduction 12 MVOs oartna is a retirement plan (IIINSEPAeco;hicte.). rhea Fete . U J Partners share el prole, loss. and capital: 13 Other deductions Beginning Ending 14* STMT Profit 1.1024180% 1.1024180% LOSS 1.4224750% 1.422473VY: Capital 1.4224750% 1.4224750% 14 Sell-employment earnings (loss) K Paltrees share of liabiltlies at year end A I O. ucnrecourse .... 3,755. Darned nonrecourse financing „, S 163,654. •S ee attached statement lor additional information, Recourse S --6. L Partners capital account analysis: LlegInning capital account . S 45,226. ≥. Capital contrbuted dining the year S 6 Curran year Increase (decrease) ... .. $ -19,252.3 Wrthdrevals 8 distributions 4,6624w Ending capital account ,_ S 21,312. : X al Tax basis El OW O Section 704(b) book U Other (explain) M nDid t he partner continua moody with a builth gain or loss? Yes fl No II Yes, attach statement (see instructomn t;o2 •.3 I HA For Paperwork Reduction Act Notice see Instructions for Form 1065. IRS.gov/torm1065 Schedule K-1 (Form 1085) 201 27 4 19560403 758241 21146.217 2013.03020 MIDWAY VISTA PARK, LLC 21146_Hl CONFIDENTIAL SDNY_Gm_04033iss EFTA_00143809 EFTA01280327 MIDWAY VISTA PARK, LLC SCHEDULE K-1 OTHER DEDUCTIONS, BOX 13, CODE W DESCRIPTION PARTNER FILING INSTRUCTIONS AMOUNT MISCELLANEOUS 10. PROFESSIONAL FEES 14. TOTAL TO SCHEDULE K-1, BOX 13, CODE W 24. 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 -2. TOTAL TO SCHEDULE K-1, BOX 17, CODE B -2. SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION AMOUNT TOTALS RENTAL REAL ESTATE INCOME (LOSS) -19,149. SECTION 1231 GAIN (LOSS) SCHEDULE K 1 INCOME SUBTOTAL -19,154. OTHER DEDUCTIONS -24. SCHEDULE K-1 DEDUCTIONS SUBTOTAL -24. NET INCOME (LOSS) PER SCHEDULE K-1 -19,178. DOMESTIC PARTNERSHIP -74. OTHER INCREASES OR DECREASES SUBTOTAL 74. TOTAL TO SCHEDULE K-1, ITEM L -19,252. 28 PARTNER NUMBER 4 19560403 758241 21146.217 2013.03020 MIDWAY VISTA PARK, LLC 21146_H1 CONFIDENTIAL SDNY_GM_00033197 EFTA_00 I 43810 EFTA01280328 NC K-1 (39) 2013 Partner's Share of (O-403) N.C. Income, Adjustments, and Credits 10-23-13 North Carolina Department of Revenue For calendar ',ear or fiscal year beginning 01 01 13 Wending 12 31 13 Partners " Federal Partner's Name, Address, and ZIP Code Partnership's Name, Address, and ZIP Code BLUE CHIP CAPITAL LLC MIDWAY VISTA PARK LLC 329 SEABREEZE AVENUE 270 LAFAYETTE STREET SUITE 409 PALM BEACH FL 33480 NEW YORK NY 10012 Individuals Filing Form Partnership's Pro Rath Share Items Amount D400 Enter Amount on: All Partners 1. Share of partnership income Coss) -19154 2. Add if ns to income (loss) a. Addition for bonus depreciation 132 Page 2, Line 35 h. Other additions to income cuss) 0 Page 2, Line 38 3. Deductions from income (loss) a. Deduction for bonus depreciation STMT 2 Page 2, Line 46 b. Other deductions hem insomc (toss) STMT 24 Page 2. Line St 4. Shale al ax aedits 0 Form D•400TC 5. Share of tax vathhad from nomsego oompensalion paid Ic• personal services perfumed in N.C. 0 Page 2. Line 23 Nonresidents Only G. Nonresident's share ol N.C. taxable income IlOss) —19048 Page 2, Line 53 7. Nonresident's share el net lax paid by the manager of the pa•9ntish p 0 Pepe 2, Line 24c 3692S1 CONFIDENTIAL SDNY_GM_00033198 EFTA_001438 I I EFTA01280329 MIDWAY VISTA PARK, LLC NC SCH K-1 DEDUCTIONS FROM FEDERAL TAXABLE INCOME DESCRIPTION AMOUNT PROFESSIONAL FEES 14 MISCELLANEOUS 10 TOTAL TO SCHEDULE K-1, LINE 3B 24 NC SCH K-1 DEDUCTIONS FOR BONUS DEPRECIATION DESCRIPTION AMOUNT ADJMNT FOR 1ST-YEAR DEPRECIATION ADDED BACK IN 2012 2. TOTAL TO SCHEDULE K-1, LINE 3A 2. PARTNER NUMBER 4 CONFIDENTIAL SDNY_GM_00033199 EFTA_00 I 43812 EFTA01280330