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EFTA01280327.pdf

set10 Interestingness: 4/10 Original 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]

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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

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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