1065 u.s. return of partnership income 2019

OMB No. 1545-0123U.S. Return of Partnership IncomeForm 1065 For calendar year 2019, or tax year beginning , 2019,

. 2019ending , 20Department of the TreasuryInternal Revenue Service G Go to www.irs.gov/Form1065 for instructions and the latest information.

Principal business activityA D Employer identification no.

Principal product or service Date business startedB EType

orPrint

Business code number Total assets (see instructions)C F

$

Check applicable boxes: Initial return Final return Name change Address change Amended returnG (1) (2) (3) (4) (5)

GCheck accounting method: Cash Accrual Other (specify)H (1) (2) (3)

GNumber of Schedules K-1. Attach one for each person who was a partner at any time during the tax yearI

Check if Schedules C and M-3 are attached . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J G

Check if partnership: Aggregated activities for section 465 at-risk purposes Grouped activities for section 469 passive activity purposesK (1) (2)

Caution: Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information.

Gross receipts or sales. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 a 1 a

b 1 bReturns and allowances. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

c Balance. Subtract line 1b from line 1a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 c

2 2Cost of goods sold (attach Form 1125-A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 3Gross profit. Subtract line 2 from line 1c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . IN 4 Ordinary income (loss) from other partnerships, estates, and trustsC

4O (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ME Net farm profit (loss) (attach Schedule F (Form 1040 or 1040-SR)). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 5

Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 6Other income (loss)7

7(attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 Total income (loss). Combine lines 3 through 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

9 9S Salaries and wages (other than to partners) (less employment credits). . . . . . . . . . . . . . . . . . . . . . . . . . . . . E

Guaranteed payments to partners. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E 10 10

Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I 11 11N

Bad debts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 12ST

Rent. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . R 13 13D SE 14 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14D F

Interest (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 15U OC R 16a 16 aDepreciation (if required, attach Form 4562). . . . . . . . . . . . . . . . . . . . . . . . . . . TI L b 16cLess depreciation reported on Form 1125-A and elsewhere on return. . . . 16 bO IN M 17 Depletion (Do not deduct oil and gas depletion.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17S I

T Retirement plans, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 18AT 19 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19I

Other deductions (att stmt) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20O 20N

21 Total deductions. Add the amounts shown in the far right column for lines 9 through 20. . . . . . . . . . . . . S 21

22 Ordinary business income (loss). Subtract line 21 from line 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22T 23 Interest due under the look-back method ' completed long-term contracts (attach Form 8697) . . . . . . 23AX 24 Interest due under the look-back method ' income forecast method (attach Form 8866) . . . . . . . . . . . . 24

25 BBA AAR imputed underpayment (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A 25N

26 Other taxes (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D 2627 Total balance due. Add lines 23 through 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27P

A 28 Payment (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28YM 29 Amount owed. If line 28 is smaller than line 27, enter amount owed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29EN 30 Overpayment. If line 28 is larger than line 27, enter overpayment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30T

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it istrue, correct, and complete. Declaration of preparer (other than partner or limited liability company member) is based on all information of which preparer has anyknowledge.Sign May the IRS discuss this return

with the preparer shown below?Here See instructions.Yes NoA A

Signature of partner or limited liability company member Date

Print/Type preparer's name Preparer's signature Date PTINCheck if

self-employedPaid

Firm's name Firm's EING GPreparerFirm's address GUse Only

Phone no.

PTPA0105 10/02/19BAA For Paperwork Reduction Act Notice, see separate instructions. Form 1065 (2019)

Service 99-9999999

Consulting 1/01/2018

541990 699,470.

Buckeye Consulting, LLC2015 National Champions DrBuckeye, AZ 85326

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1,125,000.

1,125,000.

1,125,000.

1,125,000.160,000.200,000.

4,700.

68,000.25,700.2,000.

13,760.13,760.

24,700.151,340.650,200.474,800.

Self-Prepared

See Statement 1

Form 1065 (2019)

Schedule B Other InformationWhat type of entity is filing this return? Check the applicable box:1 Yes No

Domestic general partnership Domestic limited partnershipa b

Domestic limited liability company Domestic limited liability partnershipc d

Foreign partnership Othere f G

At the end of the tax year:2Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax-exemptaorganization, or any foreign government own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital ofthe partnership? For rules of constructive ownership, see instructions. If "Yes," attach Schedule B-1, Information on Partners

Owning 50% or More of the Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Did any individual or estate own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of thebpartnership? For rules of constructive ownership, see instructions. If "Yes," attach Schedule B-1, Information on PartnersOwning 50% or More of the Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

At the end of the tax year, did the partnership:3Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of stock entitledato vote of any foreign or domestic corporation? For rules of constructive ownership, see instructions. If "Yes," complete (i)through (iv) below. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(i) Name of Corporation (ii) Employer (iv) Percentage(iii) Country ofIdentification Owned inIncorporation

Number (if any) Voting Stock

Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss, or capitalbin any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial interest of a trust? Forrules of constructive ownership, see instructions. If "Yes," complete (i) through (v) below. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(i) Name of Entity (ii) Employer (iii) Type of (iv) Country of (v) MaximumIdentification Entity Organization Percentage

Number (if any) Owned in Profit,Loss, or Capital

4 Does the partnership satisfy all four of the following conditions? Yes No

a The partnership's total receipts for the tax year were less than $250,000.

b The partnership's total assets at the end of the tax year were less than $1 million.

c Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including extensions)for the partnership return.

d The partnership is not filing and is not required to file Schedule M-3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If "Yes," the partnership is not required to complete Schedules L, M-1, and M-2; item F on page 1 of Form 1065; oritem L on Schedule K-1.

5 Is this partnership a publicly traded partnership as defined in section 469(k)(2)?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 During the tax year, did the partnership have any debt that was canceled, was forgiven, or had the terms modified so as toreduce the principal amount of the debt?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Has this partnership filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide information onany reportable transaction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

At any time during calendar year 2019, did the partnership have an interest in or a signature or other authority over8a financial account in a foreign country (such as a bank account, securities account, or other financial account)? See theinstructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial

GAccounts (FBAR). If "Yes," enter the name of the foreign country.

At any time during the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor to, a9foreign trust? If "Yes," the partnership may have to file Form 3520, Annual Return To Report Transactions With ForeignTrusts and Receipt of Certain Foreign Gifts. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Is the partnership making, or had it previously made (and not revoked), a section 754 election? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 aSee instructions for details regarding a section 754 election.

Did the partnership make for this tax year an optional basis adjustment under section 743(b) or 734(b)? If "Yes," attach ab

statement showing the computation and allocation of the basis adjustment. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Schedule B Other Information (continued)

Yes No

Is the partnership required to adjust the basis of partnership assets under section 743(b) or 734(b) because of a substantialcbuilt-in loss (as defined under section 743(d)) or substantial basis reduction (as defined under section 734(d))? If "Yes," attacha statement showing the computation and allocation of the basis adjustment. See instructions

Check this box if, during the current or prior tax year, the partnership distributed any property received in a like-kind11exchange or contributed such property to another entity (other than disregarded entities wholly owned by the

Gpartnership throughout the tax year). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

At any time during the tax year, did the partnership distribute to any partner a tenancy-in-common or other undivided interest12in partnership property?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If the partnership is required to file Form 8858, Information Return of U.S. Persons With Respect To Foreign Disregarded13Entities (FDEs) and Foreign Branches (FBs), enter the number of Forms 8858 attached.

GSee instructions

Does the partnership have any foreign partners? If "Yes," enter the number of Forms 8805, Foreign Partner's Information14Statement of Section 1446 Withholding Tax, filed for this partnership. G

Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached15to this return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G

Did you make any payments in 2019 that would require you to file Form(s) 1099? See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . 16 a

If "Yes," did you or will you file required Form(s) 1099?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b

Enter the number of Forms 5471, Information Return of U.S. Persons With Respect To Certain Foreign Corporations,17

attached to this return. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G

18 Enter the number of partners that are foreign governments under section 892.G

19 During the partnership's tax year, did the partnership make any payments that would require it to file Form 1042 and 1042-Sunder chapter 3 (sections 1441 through 1464) or chapter 4 (sections 1471 through 1474)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20 Was the partnership a specified domestic entity required to file Form 8938 for the tax year? See the Instructions forForm 8938. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Is the partnership a section 721(c) partnership, as defined in Regulations section 1.721(c)-1T(b)(14)?. . . . . . . . . . . . . . . . . . . . . . . . 21

During the tax year, did the partnership pay or accrue any interest or royalty for which the deduction is not allowed under22

section 267A? See instructions. If "Yes," enter the total amount of the disallowed deductions. $G

Did the partnership have an election under section 163(j) for any real property trade or business or any farming business in23

effect during the tax year? See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Does the partnership satisfy one or more of the following? See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24

The partnership owns a pass-through entity with current, or prior year carryover, excess business interest expense.a

The partnership's aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax yearsbpreceding the current tax year are more than $26 million and the partnership has business interest.

The partnership is a tax shelter (see instructions) and the partnership has business interest expense.c

If “Yes” to any, complete and attach Form 8990.

Is the partnership electing out of the centralized partnership audit regime under section 6221(b)? See instructions.25

If "Yes," the partnership must complete Schedule B-2 (Form 1065). Enter the total from Schedule B-2, Part III,

Gline 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If "No," complete Designation of Partnership Representative below.

Designation of Partnership Representative (see instructions)Enter below the information for the partnership representative (PR) for the tax year covered by this return.

Name of PR G

U.S. address of PR U.S. phoneA Anumber of PR

GIf the PR is an entity, name of the designated individual for the PR

U.S. phonenumber of

U.S. address of designateddesignated AA individualindividual

Is the partnership attaching Form 8996 to certify as a Qualified Opportunity Fund?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26If "Yes," enter the amount from Form 8996, line 14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G $

Enter the number of foreign partners subject to section 864(c)(8) as a result of transferring all or a portion of an27interest in the partnership or of receiving a distribution from the partnership . . . . . . . . . . . . . . . . . . . . G

28 At any time during the tax year, were there any transfers between the partnership and its partners subject to the

disclosure requirements of Regulations section 1.707-8?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PTPA0112 10/02/19BAA Form 1065 (2019)

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Form 1065 (2019)

Total amountSchedule K Partners' Distributive Share ItemsOrdinary business income (loss) (page 1, line 22). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1

Net rental real estate income (loss) (attach Form 8825) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2

Other gross rental income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 a 3a

Expenses from other rental activities (attach stmt). . . . . . . . . . . . . . . . . . . . . . . . . . . . b 3b

Other net rental income (loss). Subtract line 3b from line 3a. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c 3 cba CapitalServices 4bGuaranteed payments: 4a4

4 cc Total. Add lines 4a and 4b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interest income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 5Income(Loss) a Ordinary dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividends and dividend equivalents:6 6 a

b Qualified dividends c Dividend equivalents6b 6c

Royalties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 7

Net short-term capital gain (loss) (attach Schedule D (Form 1065)). . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 8

Net long-term capital gain (loss) (attach Schedule D (Form 1065)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 a 9 a

Collectibles (28%) gain (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 9b

Unrecaptured section 1250 gain (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . c 9c

10 10Net section 1231 gain (loss) (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

GTypeOther income (loss) (see instructions)11 11

Section 179 deduction (attach Form 4562). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 12

Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 a 13aDeduc-

Investment interest expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 13btions

G GType AmountSection 59(e)(2) expenditures:c (1) (2) 13c(2)

GTypeOther deductions (see instructions)d 13d

Net earnings (loss) from self-employment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 a 14aSelf-Employ- Gross farming or fishing income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 14bment

Gross nonfarm income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c 14c

15aLow-income housing credit (section 42(j)(5)). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 aLow-income housing credit (other) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 15b

Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) . . . . . . . . . . . . . . . . . . . . . . . . . c 15cCredits

GOther rental real estate credits (see instructions) Typed 15d

GOther rental credits (see instructions) . . . . . . . . . . . Typee 15e

GOther credits (see instructions) . . . . . . . . . . . . . . . . . Typef 15f

GName of country or U.S. possession . . . 16 a

Gross income from all sources. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 16b

Gross income sourced at partner level. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c 16c

Foreign gross income sourced at partnership level

16ed eReserved for future use Foreign branch categoryG G

G GPassive category General category h 16hf g GOther (att. stmt.)Foreign

Deductions allocated and apportioned at partner levelTrans-actions G GInterest expense Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . i j 16j

Deductions allocated and apportioned at partnership level to foreign source income

k lReserved for future use Foreign branch categoryG G 16l

o GOther (att. stmt.)G GPassive category General categorym n 16o

GTotal foreign taxes (check one): Paid Accruedp 16p

Reduction in taxes available for credit (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . q 16q

Other foreign tax information (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . r

Post-1986 depreciation adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 a 17a

Adjusted gain or loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 17bAlternative Depletion (other than oil and gas). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c 17cMinimum

Oil, gas, and geothermal properties ' gross income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d 17dTax (AMT)Items Oil, gas, and geothermal properties ' deductions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e 17e

Other AMT items (attach stmt). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . f 17f

Tax-exempt interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 a 18a

Other tax-exempt income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 18bOther c Nondeductible expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18cInfor-

Distributions of cash and marketable securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 a 19amation

Distributions of other property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 19b

Investment income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 a 20a

Investment expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b 20b

Other items and amounts (attach stmt)c

PTPA0134 10/02/19BAA Form 1065 (2019)


474,800.12,000.

200,000.200,000.

1,800.5,000.

5,000.

9,000.

25,000.600.

10,000.674,800.

2,170.

1,000.

28,000.400,000.

6,800.

See Statement 2

See Statement 3

See Statement 4

Form 1065 (2019)

Analysis of Net Income (Loss)

Net income (loss). Combine Schedule K, lines 1 through 11. From the result, subtract the sum of1Schedule K, lines 12 through 13d, and 16p . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

(i) Corporate2 (ii) Individual (iii) Individual (v) Exempt(iv) Partnership (vi) Nominee/OtherAnalysis by(active) (passive) Organizationpartner type:

Generalapartners. . . . Limitedbpartners. . . .

Beginning of tax year End of tax yearSchedule L Balance Sheets per Books(a) (b) (c) (d)Assets

Cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Trade notes and accounts receivable. . . . . . . . 2 a

Less allowance for bad debts. . . . . . . . . . . . . . . b

Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

U.S. government obligations. . . . . . . . . . . . . . . . 4

Tax-exempt securities. . . . . . . . . . . . . . . . . . . . . . 5

Other current assets (attach stmt). . . . . . . . . . . . . . . . . . 6

Loans to partners (or persons related to partners). . . . . . 7 a

Mortgage and real estate loans . . . . . . . . . . . . . b

Other investments (attach stmt) . . . . . . . . . . . . . . . . . . . 8

Buildings and other depreciable assets. . . . . . 9 a

Less accumulated depreciation . . . . . . . . . . . . . b

Depletable assets. . . . . . . . . . . . . . . . . . . . . . . . . . 10 a

Less accumulated depletion . . . . . . . . . . . . . . . . b

Land (net of any amortization). . . . . . . . . . . . . . 11

Intangible assets (amortizable only). . . . . . . . . 12 a

Less accumulated amortization . . . . . . . . . . . . . b

Other assets (attach stmt). . . . . . . . . . . . . . . . . . 13

Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Liabilities and Capital

Accounts payable. . . . . . . . . . . . . . . . . . . . . . . . . . 15

Mortgages, notes, bonds payable in less than 1 year . . . . 16

Other current liabilities (attach stmt). . . . . . . . . . . . . . . . 17

All nonrecourse loans . . . . . . . . . . . . . . . . . . . . . . 18

Loans from partners (or persons related to partners). . . . 19 a

Mortgages, notes, bonds payable in 1 year or more . . . . . b

Other liabilities (attach stmt) . . . . . . . . . . . . . . . . . . . . . 20

Partners' capital accounts . . . . . . . . . . . . . . . . . . 21

Total liabilities and capital. . . . . . . . . . . . . . . . . . 22

Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per ReturnNote: The partnership may be required to file Schedule M-3. See instructions.

Net income (loss) per books. . . . . . . . . . . . . 1 6 Income recorded on books this year notincluded on Schedule K, lines 1 through2 Income included on Schedule K, lines 1,11 (itemize):2, 3c, 5, 6a, 7, 8, 9a, 10, and 11, not

$Tax-exempt interest. . . arecorded on books this year (itemize):

7 Deductions included on Schedule K, lines 1 through3 Guaranteed payments (other than health insurance). . 13d, and 16p, not charged against book income this

Expenses recorded on books this year not included4 year (itemize):on Schedule K, lines 1 through 13d, and 16p $Depreciation . . . . . a(itemize):

$Depreciation. . . . . . . a

b Travel and$entertainment. . . . . . Add lines 6 and 7. . . . . . . . . . . . . . . . . . . . . . . . . 8

Income (loss) (Analysis of Net Income (Loss), line 1).9Subtract line 8 from line 5. . . . . . . . . . . . . . . . . . . . . . Add lines 1 through 4 . . . . . . . . . . . . . . . . . . . 5

Schedule M-2 Analysis of Partners' Capital AccountsBalance at beginning of year . . . . . . . . . . . . Distributions: Cash . . . . . . . . . . . . . . . . . . . . 1 6 aCapital contributed: Cash. . . . . . . . . . . . . Property. . . . . . . . . . . . . . . . . 2 a b

Property. . . . . . . . . . Other decreases (itemize):b 7

Net income (loss) per books. . . . . . . . . . . . . 3

Other increases (itemize):4

Add lines 6 and 7. . . . . . . . . . . . . . . . . . . . . . . . . 8Add lines 1 through 4 . . . . . . . . . . . . . . . . . . . Balance at end of year. Subtract line 8 from line 5 . . . . 5 9

PTPA0134 10/02/19BAA Form 1065 (2019)


667,000.

667,000.

102,185. 159,515.

10,000.

35,000. 25,000.440,000. 442,000.37,185. 402,815. 40,945. 401,055.

100,000. 100,000.4,500. 4,500.

300. 4,200. 600. 3,900.

644,200. 699,470.

26,200. 29,000.1,530. 23,000.

342,000. 313,000.

274,470. 334,470.644,200. 699,470.

460,000.

1,000.10,000. 11,000.

190,000.

13,000. 11,000.15,000. 28,000.

678,000. 667,000.

274,470. 400,000.

460,000.

400,000.734,470. 334,470.

See St 5

See St 6

Statement 8

Statement 7

__________________________________________________________________ © The Garvs, LLC Phoenix Beach, LLC Training for Business Professionals

Thispageisintentionallyleftblank

Rental Real Estate Income and Expenses of aForm 8825OMB No. 1545-0123Partnership or an S Corporation

(Rev. November 2018)

G Attach to Form 1065 or Form 1120S.Department of the TreasuryInternal Revenue Service G Go to www.irs.gov/Form8825 for the latest information.

Employer identification numberName

1 Show the type and address of each property. For each rental real estate property listed, report the number of days rented at fair rentalvalue and days with personal use. See instructions. See page 2 to list additional properties.

Fair Rental PersonalPhysical address of each property ' street, city, state, Type ' Enter code 1'8;ZIP code see page 2 for list Days Use Days

A

B

C

D

Properties

Rental Real Estate Income A B C D

2 2Gross rents. . . . . . . . . . . . . . . . . . . . . . . . . . .

Rental Real Estate Expenses

3 3Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 4Auto and travel. . . . . . . . . . . . . . . . . . . . . . .

5 5Cleaning and maintenance. . . . . . . . . . . .

6 6Commissions . . . . . . . . . . . . . . . . . . . . . . . .

7 7Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 8Legal and other professional fees . . . . .

9 9Interest (see instructions). . . . . . . . . . . . .

10 10Repairs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11 11Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12 12Utilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13 13Wages and salaries . . . . . . . . . . . . . . . . . .

14 14Depreciation (see instructions). . . . . . . .

GOther (list)15

15

Total expenses for each property.1616Add lines 3 through 15 . . . . . . . . . . . . . . .

Income or (loss) from each property.1717Subtract line 16 from line 2. . . . . . . . . . .

18 a 18 aTotal gross rents. Add gross rents from line 2, columns A through H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b 18 bTotal expenses. Add total expenses from line 16, columns A through H. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net gain (loss) from Form 4797, Part II, line 17, from the disposition of property from rental real1919estate activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Net income (loss) from rental real estate activities from partnerships, estates, and trusts in which this20 a20 apartnership or S corporation is a partner or beneficiary (from Schedule K-1). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b Identify below the partnerships, estates, or trusts from which net income (loss) is shown on line 20a.Attach a schedule if more space is needed.

Name Employer identification number(1) (2)

21 21Net rental real estate income (loss). Combine lines 18a through 20a. Enter the result here and on:

? Form 1065 or 1120S: Schedule K, line 2

SPSZ0101L 11/19/18 Form 8825 (Rev. 11-2018)BAA For Paperwork Reduction Act Notice, see instructions.


72,000.-60,000.

12,000.

1111 Big Ten Ln

72,000.

60,000.

35,600.

14,400.

10,000.

3654Buckeye, AZ 85326

12,000.

Form 8825 (Rev. 11-2018)

1 Show the type and address of each property. For each rental real estate property listed, report the number of days at fair rental value anddays with personal use. See instructions.

Fair Rental PersonalPhysical address of each property ' street, city, Type ' Enter code 1'8;state, ZIP code see below for list Days Use Days

E

F

G

H

Properties

Rental Real Estate Income E F G H

2 2Gross rents. . . . . . . . . . . . . . . . . . . . . . . . . . .

Rental Real Estate Expenses

3 3Advertising. . . . . . . . . . . . . . . . . . . . . . . . . . .

4 4Auto and travel. . . . . . . . . . . . . . . . . . . . . . .

5 5Cleaning and maintenance . . . . . . . . . . . .

6 6Commissions. . . . . . . . . . . . . . . . . . . . . . . . .

7 7Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 8Legal and other professional fees. . . . . .

9 9Interest (see instructions) . . . . . . . . . . . . .

10 10Repairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11 11Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12 12Utilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13 13Wages and salaries. . . . . . . . . . . . . . . . . . .

14 14Depreciation (see instructions). . . . . . . . .

GOther (list)15

15

16 Total expenses for each property.16Add lines 3 through 15. . . . . . . . . . . . . . . .

17 Income or (loss) from each property.17Subtract line 16 from line 2. . . . . . . . . . . .

Allowable Codes for Type of Property

1 ' Single Family Residence

2 ' Multi-Family Residence

3 ' Vacation or Short-Term Rental

4 ' Commercial

5 ' Land

6 ' Royalties

7 ' Self-Rental

8 ' Other (include description with the code on Form 8825 or on a separate statement)

SPSZ0102L 11/19/18 Form 8825 (Rev. 11-2018)BAA


SCHEDULE B-1 Information on Partners Owning 50% or(Form 1065) More of the Partnership OMB No. 1545-0123(Rev. August 2019)

G Attach to Form 1065.Department of the Treasury

G Go to www.irs.gov/Form1065 for the latest information.Internal Revenue Service

Name of partnership Employer identification number (EIN)

Part I Entities Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 2a (Question 3a for2009 through 2017))

Complete columns (i) through (v) below for any foreign or domestic corporation, partnership (including any entity treated as a partnership),trust, tax-exempt organization, or any foreign government that owns, directly or indirectly, an interest of 50% or more in the profit, loss, orcapital of the partnership (see instructions).

(v) Maximum(iv)(ii) Employer(i) Name of Entity (iii) Type of EntityPercentage OwnedCountry of OrganizationIdentification Number

in Profit, Loss,(if any)

or Capital

Part II Individuals or Estates Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 2b(Question 3b for 2009 through 2017))

Complete columns (i) through (iv) below for any individual or estate that owns, directly or indirectly, an interest of 50% or more in the profit,loss, or capital of the partnership (see instructions).

(iv) Maximum(ii) Identifying Number

(i) Name of Individual or Estate (iii) Country of Citizenship (see instructions) Percentage Owned in(if any)

Profit, Loss,

or Capital

BAA For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Schedule B-1 (Form 1065) (Rev. 8-2019)

PTPA1301L 07/18/19

99-9999999Buckeye Consulting, LLC

Archie Schlister XXX-XX-XXXX United States 50.000

Brutus Buckeye YYY-YY-YYYY United States 50.000

Election Out of the CentralizedSCHEDULE B-2(Form 1065) Partnership Audit Regime OMB No. 1545-0123December 2018) G Attach to Form 1065 or Form 1066.Department of the Treasury

G Go to www.irs.gov/Form1065 for the instructions and the latest information.Internal Revenue Service

Name of partnership Employer Identification number (EIN)

Certain partnerships with 100 or fewer partners can elect out of the centralized partnership audit regime if each partner is an individual, aC corporation, a foreign entity that would be treated as a C corporation were it domestic, an S corporation, or an estate of a deceased partner.For purposes of determining whether the partnership has 100 or fewer partners, the partnership must include all shareholders of anyS corporation that is a partner. By completing Part I, you are making an affirmative statement that all of the partners in the partnership areeligible partners under section 6221(b)(1)(C) and you have provided all of the information on this schedule. See the instructions, including theinstructions for the treatment of real estate mortgage investment conduits (REMICs), for more details.

List of Eligible PartnersPart IUse the following codes under Type of Eligible Partner:I ' Individual C ' Corporation E ' Estate of Deceased PartnerF ' Eligible Foreign Entity S ' S corporation

Type of EligibleTaxpayer IdentificationName of PartnerNumber (TIN) Partner (Code)

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

Continued on Part IVPart II List of S Corporation Shareholders (For each S corporation partner, complete a separate Part II and

separate Part V, if needed.)Use the following codes under Type of Person:I ' Individual E ' Estate of Deceased Shareholder T ' Trust O ' Other

Name of

S Corporation Partner TIN of PartnerG GType of Person

Name of Shareholder Shareholder TIN (Code)

1

2

3

4

5

6

7

8

9

10

11

12

Continued on Part V

Part III Total Number of Schedules K-1 Required To Be Issued. See Instructions.

Total of Part I and all Parts IV Schedules K-1 required to be issued by the partnership. . . . . . . . . . . . . . . . . . . . 1 1

Total of Part II and all Parts V Schedules K-1 required to be issued by any S corporation partners. . . . . . . . . 2 2

Total. Add line 1 and line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3

Note: If line 3 is more than 100, the partnership cannot make the election under section 6221(b).

BAA For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Schedule B-2 (Form 1065) (12-2018)PTPA1401 10/16/18

99-9999999Buckeye Consulting, LLC

2

2

Archie Schlister XXX-XX-XXXX IBrutus Buckeye YYY-YY-YYYY I

OMB No. 1545-0123SCHEDULE DCapital Gains and Losses(Form 1065)

Attach to Form 1065 or Form 8865.G

2019Use Form 8949 to list your transactions for lines 1b, 2, 3, 8b, 9, and 10.GDepartment of the Treasury

Go to www.irs.gov/Form1065 for instructions and the latest information.GInternal Revenue Service

Name of partnership Employer identification number

Did the partnership dispose of any investment(s) in a qualified opportunity fund during the tax year? . . . . . . . . . . . . . . . . . . G Yes NoIf "Yes," attach Form 8949 and see its instructions for additional requirements for reporting your gain or loss.

Part I Short-Term Capital Gains and Losses — Generally Assets Held One Year or Less (see instructions)(g)See instructions for how to figure the amounts to (h) Gain or (loss)

(d) (e) Adjustments to gainenter on the lines below. Subtract column (e) fromProceeds Cost or loss from Form(s) column (d) and combine the(sales price) (or other basis)This form may be easier to complete if you round 8949, Part I, line 2, result with column (g)off cents to whole dollars. column (g)

1a Totals for all short-term transactions reportedon Form 1099-B for which basis was reportedto the IRS and for which you have noadjustments (see instructions). However, ifyou choose to report all these transactionson Form 8949, leave this line blank and go toline 1b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b1 Totals for all transactions reported onForm(s) 8949 with Box A checked. . . . . . . . . . .

2 Totals for all transactions reported onForm(s) 8949 with Box B checked. . . . . . . . . . .

3 Totals for all transactions reported onForm(s) 8949 with Box C checked. . . . . . . . . . .

44 Short-term capital gain from installment sales from Form 6252, line 26 or 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

55 Short-term capital gain or (loss) from like-kind exchanges from Form 8824 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Partnership's share of net short-term capital gain (loss), including specially allocated short-term capital gains6(losses), from other partnerships, estates, and trusts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Net short-term capital gain or (loss). Combine lines 1a through 6 in column (h). Enter here and on7Form 1065, Schedule K, line 8 or 11; or Form 8865, Schedule K, line 8 or 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Long-Term Capital Gains and Losses — Generally Assets Held More Than One Year (see instructions)Part II(g) (h) Gain or (loss)See instructions for how to figure the amounts to (d) (e) Adjustments to gain Subtract column (e) fromenter on the lines below. Proceeds Cost

or loss from Form(s) column (d) and combine the(sales price) (or other basis)This form may be easier to complete if you round 8949, Part II, line 2, result with column (g)off cents to whole dollars. column (g)

8a Totals for all long-term transactions reportedon Form 1099-B for which basis was reportedto the IRS and for which you have noadjustments (see instructions). However, ifyou choose to report all these transactionson Form 8949, leave this line blank and go toline 8b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b Totals for all transactions reported on8Form(s) 8949 with Box D checked. . . . . . . . . . .

Totals for all transactions reported on9Form(s) 8949 with Box E checked. . . . . . . . . . .

10 Totals for all transactions reported onForm(s) 8949 with Box F checked. . . . . . . . . . .

1111 Long-term capital gain from installment sales from Form 6252, line 26 or 37. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1212 Long-term capital gain or (loss) from like-kind exchanges from Form 8824. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Partnership's share of net long-term capital gain (loss), including specially allocated long-term capital gains1313(losses), from other partnerships, estates, and trusts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1414 Capital gain distributions (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15 Net long-term capital gain or (loss). Combine lines 8a through 14 in column (h). Enter here and on15Form 1065, Schedule K, line 9a or 11; or Form 8865, Schedule K, line 9a or 11. . . . . . . . . . . . . . . . . . . . . . . . . . . .

BAA For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Schedule D (Form 1065) 2019

PTPA0201L 08/01/19


X

19,000. 10,000. 9,000.

9,000.

651119Final K-1 Amended K-1 OMB No. 1545-0123Schedule K-1 2019(Form 1065) Part III Partner's Share of Current Year Income,

Department of the TreasuryFor calendar year 2019, or tax year Deductions, Credits, and Other ItemsInternal Revenue Service

1 Ordinary business income (loss) Credits15beginning ending/ / / /2019

Partner's Share of Income, Deductions, Credits, etc.2 Net rental real estate income (loss)See separate instructions.G

Part I Information About the Partnership3 Other net rental income (loss)Partnership's employer identification number Foreign transactionsA 16

4a Guaranteed payments for servicesPartnership's name, address, city, state, and ZIP codeB

4b Guaranteed payments for capital

4c Total guaranteed payments

C IRS Center where partnership filed return G5 Interest income

Check if this is a publicly traded partnership (PTP)D

6a Ordinary dividendsPart II Information About the PartnerPartner's SSN or TIN (Do not use TIN of a disregarded entity. See instructions.)E

6b Qualified dividends

Name, address, city, state, and ZIP code for partner entered in E. See instructions.F

6c Dividend equivalents 17 Alternative minimum tax (AMT) items

7 Royalties

8 Net short-term capital gain (loss)General partner or LLC Limited partner or otherGmember-manager LLC member

H1 Domestic partner Foreign partner 9a Net long-term capital gain (loss) 18 Tax-exempt income andIf the partner is a disregarded entity (DE), enter the partner's: nondeductible expensesH2

TIN 9b Collectibles (28%) gain (loss)Name

What type of entity is this partner?I1

9c Unrecaptured section 1250 gainI2 If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here

Partner's share of profit, loss, and capital (see instructions):J10 Net section 1231 gain (loss)Beginning Ending

19 DistributionsProfit % %11 Other income (loss)Loss % %

Capital % %Check if decrease is due to sale or exchange of partnership interest. . . . . . . . .

Partner's share of liabilities:KBeginning Ending 20 Other information

12 Section 179 deductionNonrecourse . . . . . . $ $Qualified nonrecourse $ $financing . . . . . . . .

13 Other deductions$Recourse . . . . . . . . $

Check this box if Item K includes liability amounts from lower tier partnerships.

Partner's Capital Account AnalysisL

Beginning capital account. . . . . . . . . . . . . $14 Self-employment earnings (loss)Capital contributed during the year . . . . . $

Current year net income (loss) . . . . . . . . . $Other increase (decrease) (attach explanation). . . . $

Withdrawals & distributions. . . . . . . . . . . . . $21 More than one activity for at-risk purposes*Ending capital account. . . . . . . . . . . . . . . . $22 More than one activity for passive activity purposes*

Did the partner contribute property with a built-in gain or loss?M*See attached statement for additional information.

Yes No If "Yes," attach statement. See instructions.

N Partner's Share of Net Unrecognized Section 704(c) Gain or (Loss)

Beginning. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

Ending. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $www.irs.gov/Form1065BAA For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2019

PTPA0312L 12/10/19

237,400.

* 6,000.

99-9999999

101,000.


101,000.Ogden, UT

900.

2,500.

XXX-XX-XXXX2,500.

A 1,085.Archie Schlister1234 Mirror Lake RdBuckeye, AZ 85236

X

X

4,500.A 500.

IndividualC 14,000.

50 5050 50 A 200,000.50 50

765. 11,500. A 3,400.

184,100. 171,000. AA 10,000.A 12,500.

H 300. L* STMT

M 6,000. * STMT132,235.

A 338,400.235,000.

( 200,000.)167,235.

X

10,000.

Partner 1

Schedule K-1 (Form 1065) 2019 Page 2 This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 1040 or 1040-SR. For detailed reporting and filing information, see the separate Partner’s Instructions for Schedule K-1 and the instructions for your income tax return.

1. Ordinary business income (loss). Determine whether the income (loss) is passive or nonpassive and enter on your return as follows.

Report on Passive loss See the Partner’s Instructions Passive income Schedule E, line 28, column (h) Nonpassive loss See the Partner’s InstructionsNonpassive income Schedule E, line 28, column (k)

2. Net rental real estate income (loss) See the Partner’s Instructions 3. Other net rental income (loss)

Net income Schedule E, line 28, column (h) Net loss See the Partner’s Instructions

4a. Guaranteed payment Services See the Partner’s Instructions 4b. Guaranteed payment Capital See the Partner’s Instructions 4c. Guaranteed payment Total See the Partner’s Instructions

5. Interest income Form 1040 or 1040-SR, line 2b6a. Ordinary dividends Form 1040 or 1040-SR, line 3b6b. Qualified dividends Form 1040 or 1040-SR, line 3a6c. Dividend equivalents See the Partner’s Instructions7. Royalties Schedule E, line 48. Net short-term capital gain (loss) Schedule D, line 5

9a. Net long-term capital gain (loss) Schedule D, line 129b.

Collectibles (28%) gain (loss)

28% Rate Gain Worksheet, line 4 (Schedule D instructions)

9c. Unrecaptured section 1250 gain See the Partner’s Instructions 10. Net section 1231 gain (loss) See the Partner’s Instructions 11. Other income (loss)

Code A Other portfolio income (loss) See the Partner’s Instructions B Involuntary conversions See the Partner’s Instructions C Sec. 1256 contracts & straddles Form 6781, line 1 D Mining exploration costs recapture See Pub. 535E Cancellation of debt F Section 743(b) positive adjustmentsG Section 965(a) inclusionH

Income under subpart F (other than inclusions under sections 951A and 965)

I Other income (loss) }See the Partner’s Instructions

12. Section 179 deduction See the Partner’s Instructions 13. Other deductions

A Cash contributions (60%) B Cash contributions (30%) C Noncash contributions (50%) D Noncash contributions (30%) E

Capital gain property to a 50%organization (30%)

F Capital gain property (20%) G Contributions (100%)

} See the Partner’s Instructions

H Investment interest expense Form 4952, line 1 I Deductions—royalty income Schedule E, line 19 J Section 59(e)(2) expenditures See the Partner’s Instructions K Excess business interest expense See the Partner’s Instructions L Deductions—portfolio (other) Schedule A, line 16

M

Amounts paid for medical insurance

Schedule A, line 1, or Schedule 1 (Form 1040 or 1040-SR), line 16

N Educational assistance benefits See the Partner’s Instructions O Dependent care benefits Form 2441, line 12P Preproductive period expenses See the Partner’s Instructions Q

Commercial revitalization deduction from rental real estate activities See Form 8582 instructions

R Pensions and IRAs See the Partner’s Instructions S Reforestation expense deduction See the Partner’s Instructions T through U Reserved for future useV Section 743(b) negative adjustments

W Other deductions X Section 965(c) deduction } See the Partner’s Instructions

14. Self-employment earnings (loss)Note: If you have a section 179 deduction or any partner-level deductions, see the Partner’s Instructions before completing Schedule SE.

A

Net earnings (loss) from self-employment Schedule SE, Section A or B

B Gross farming or fishing income See the Partner’s Instructions C Gross non-farm income See the Partner’s Instructions

15. CreditsA

Low-income housing credit (section 42(j)(5)) from pre-2008 buildings

B

Low-income housing credit (other) from pre-2008 buildings

C

Low-income housing credit (section 42(j)(5)) from post-2007 buildings

D

Low-income housing credit (other) from post-2007 buildings

E

Qualified rehabilitation expenditures (rental real estate)

F Other rental real estate credits G Other rental credits


Code Report on H

Undistributed capital gains credit

Schedule 3 (Form 1040 or 1040-SR), line 13, box a

I Biofuel producer credit See the Partner’s InstructionsJ Work opportunity credit K Disabled access credit L

Empowerment zone employment credit

M

Credit for increasing research activities

N

Credit for employer social security and Medicare taxes

O Backup withholding P Other credits


16. Foreign transactionsA

Name of country or U.S. possession

B Gross income from all sources C

Gross income sourced at partner level

} Form 1116, Part I

Foreign gross income sourced at partnership level D Reserved for future useE Foreign branch categoryF Passive category G General category H Other

} Form 1116, Part I

Deductions allocated and apportioned at partner level I Interest expense Form 1116, Part I J Other Form 1116, Part I Deductions allocated and apportioned at partnership level to foreign source income K Reserved for future useL Foreign branch category

M Passive category N General category O Other

} Form 1116, Part I

Other information P Total foreign taxes paid Form 1116, Part II Q Total foreign taxes accrued Form 1116, Part II R Reduction in taxes available for credit Form 1116, line 12 S Foreign trading gross receipts Form 8873 T Extraterritorial income exclusion Form 8873 U through V Reserved for future useW Section 965 informationX Other foreign transactions } See the Partner’s Instructions

17. Alternative minimum tax (AMT) itemsA Post-1986 depreciation adjustment B Adjusted gain or loss C Depletion (other than oil & gas) D Oil, gas, & geothermal—gross income E Oil, gas, & geothermal—deductions F Other AMT items

} See the Partner’s Instructions and the Instructions for Form 6251

18. Tax-exempt income and nondeductible expensesA Tax-exempt interest income Form 1040 or 1040-SR, line 2aB Other tax-exempt income See the Partner’s Instructions C Nondeductible expenses See the Partner’s Instructions

19. DistributionsA Cash and marketable securitiesB Distribution subject to section 737C Other property } See the Partner’s Instructions

20. Other informationA Investment income Form 4952, line 4a B Investment expenses Form 4952, line 5 C Fuel tax credit information Form 4136 D

Qualified rehabilitation expenditures (other than rental real estate)

E Basis of energy property F through G

}See the Partner’s Instructions

H Recapture of investment credit See Form 4255 I Recapture of other credits See the Partner’s Instructions J

Look-back interest—completed long-term contracts See Form 8697

K

Look-back interest—income forecast method See Form 8866

L

Dispositions of property with section 179 deductions

M Recapture of section 179 deductionN

Interest expense for corporate partners

O through YZ Section 199A information

AA Section 704(c) informationAB Section 751 gain (loss)AC Section 1(h)(5) gain (loss)AD

Deemed section 1250 unrecaptured gain

AE Excess taxable income AF Excess business interest incomeAG Gross receipts for section 59A(e)AH Other information


SPSL1201L 05/20/19

Buckeye Consulting, LLC 99-9999999Supplemental Information 2Schedule K-1 (Form 1065) 2019 Page

Partner 1: Archie Schlister XXX-XX-XXXX

Box 2Rental Real Estate Activities

Gross Net Net Passive Sec. 1231Property Type and Address Income Expenses Income Nonpass Total

Type: 4 - Commercial1111 Big Ten Ln Buckeye, AZ 85326

36,000. 30,000. $ 6,000. PassiveTotal $ 6,000.

Box 20Other Information

Continued from Schedule K-1

Y* StmtZ* Stmt

* Descriptive Information

Y Line 2: IRC 212 rental real estate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,000.

Box 20, Code LDisposition of Assets with Prior Section 179 Expense

Asset Description. . . . . . . . . . . . . . . . . . . FurnitureTax Year(s) Passed Through . . . . . 2016Date Acquired. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7/01/2016Date Sold. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8/24/2019Sales Price. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000.Cost or other basis plus expense of sale. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000.Depreciation allowed or allowable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.Section 179 expense deduction previously reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000.

** The transaction above is nontaxable to Hawaii **** The transaction above is nontaxable to Iowa **

** The transaction above is nontaxable to Massachusetts **

Supplemental Information

Item L. Partner's Capital Account Analysis:Tax Basis

Pursuant to IRC Section 6221(b)(1), for the current tax year, the partnership haselected out of the centralized partnership audit regime. Any IRS audit conducted,and any subsequent assessment, will be made at the partner level, partner bypartner, and under the audit procedures applicable to each partner for the yearunder examination.

Statement A—QBI Pass-through Entity Reporting

Partnership's name: Partnership's EIN:

Partner's identifying number:Partner's name:

EIN: EIN: EIN:

PTP PTP PTP

Aggregated Aggregated Aggregated

SSTB SSTB SSTBPartner's share of:

QBI or qualified PTP items subject to partner-specific determinations:

Ordinary business income (loss)

Rental income (loss) . . . . . . . . . .

Royalty income (loss) . . . . . . . . .

Section 1231 gain (loss). . . . . . .

Other income (loss) . . . . . . . . . . .

Section 179 deduction. . . . . . . . .

Charitable contributions. . . . . . . .

Other deductions. . . . . . . . . . . . . .

W-2 wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

UBIA of qualified property. . . . . . . . . . . . . . . . . .

Section 199A dividends

EIN: EIN: EIN:

PTP PTP PTP












W-2 wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


BAA For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Statement A (Form 1065) (2019)PTPA1515 11/21/19

Buckeye Consulting, LLC 99-9999999Archie Schlister XXX-XX-XXXX

Buckeye Consulting,LLC

99-9999999

X

247,400.

12,500.

80,000.20,000.

Partner 1

See Att.

2019 QBI Statement Information Page 1


QBI Statement ACharitable Contributions

Business Name or Address: . . . . . . Buckeye Consulting, LLCCash Contributions (60%). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,500.

Total $ 12,500.

651119Final K-1 Amended K-1 OMB No. 1545-0123Schedule K-1 2019(Form 1065) Part III Partner's Share of Current Year Income,

Department of the TreasuryFor calendar year 2019, or tax year Deductions, Credits, and Other ItemsInternal Revenue Service

1 Ordinary business income (loss) Credits15beginning ending/ / / /2019

Partner's Share of Income, Deductions, Credits, etc.2 Net rental real estate income (loss)See separate instructions.G

Part I Information About the Partnership3 Other net rental income (loss)Partnership's employer identification number Foreign transactionsA 16

4a Guaranteed payments for servicesPartnership's name, address, city, state, and ZIP codeB

4b Guaranteed payments for capital

4c Total guaranteed payments

C IRS Center where partnership filed return G5 Interest income

Check if this is a publicly traded partnership (PTP)D

6a Ordinary dividendsPart II Information About the PartnerPartner's SSN or TIN (Do not use TIN of a disregarded entity. See instructions.)E

6b Qualified dividends

Name, address, city, state, and ZIP code for partner entered in E. See instructions.F

6c Dividend equivalents 17 Alternative minimum tax (AMT) items

7 Royalties

8 Net short-term capital gain (loss)General partner or LLC Limited partner or otherGmember-manager LLC member

H1 Domestic partner Foreign partner 9a Net long-term capital gain (loss) 18 Tax-exempt income andIf the partner is a disregarded entity (DE), enter the partner's: nondeductible expensesH2

TIN 9b Collectibles (28%) gain (loss)Name

What type of entity is this partner?I1

9c Unrecaptured section 1250 gainI2 If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here

Partner's share of profit, loss, and capital (see instructions):J10 Net section 1231 gain (loss)Beginning Ending

19 DistributionsProfit % %11 Other income (loss)Loss % %

Capital % %Check if decrease is due to sale or exchange of partnership interest. . . . . . . . .

Partner's share of liabilities:KBeginning Ending 20 Other information

12 Section 179 deductionNonrecourse . . . . . . $ $Qualified nonrecourse $ $financing . . . . . . . .

13 Other deductions$Recourse . . . . . . . . $

Check this box if Item K includes liability amounts from lower tier partnerships.

Partner's Capital Account AnalysisL

Beginning capital account. . . . . . . . . . . . . $14 Self-employment earnings (loss)Capital contributed during the year . . . . . $

Current year net income (loss) . . . . . . . . . $Other increase (decrease) (attach explanation). . . . $

Withdrawals & distributions. . . . . . . . . . . . . $21 More than one activity for at-risk purposes*Ending capital account. . . . . . . . . . . . . . . . $22 More than one activity for passive activity purposes*

Did the partner contribute property with a built-in gain or loss?M*See attached statement for additional information.

Yes No If "Yes," attach statement. See instructions.

N Partner's Share of Net Unrecognized Section 704(c) Gain or (Loss)

Beginning. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

Ending. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $www.irs.gov/Form1065BAA For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2019

PTPA0312L 12/10/19

237,400.

* 6,000.

99-9999999

99,000.


99,000.Ogden, UT

900.

2,500.

YYY-YY-YYYY2,500.

A 1,085.Brutus Buckeye1982 BWW LnBuckeye, AZ 85326

X

X

4,500.A 500.

IndividualC 14,000.

50 5050 50 A 200,000.50 50

765. 11,500. A 3,400.

184,100. 171,000. Y* STMTA 12,500.

H 300. Z* STMT

M 4,000.142,235.

A 336,400.225,000.

( 200,000.)167,235.

X

Partner 2

Schedule K-1 (Form 1065) 2019 Page 2 This list identifies the codes used on Schedule K-1 for all partners and provides summarized reporting information for partners who file Form 1040 or 1040-SR. For detailed reporting and filing information, see the separate Partner’s Instructions for Schedule K-1 and the instructions for your income tax return.

1. Ordinary business income (loss). Determine whether the income (loss) is passive or nonpassive and enter on your return as follows.

Report on Passive loss See the Partner’s Instructions Passive income Schedule E, line 28, column (h) Nonpassive loss See the Partner’s InstructionsNonpassive income Schedule E, line 28, column (k)

2. Net rental real estate income (loss) See the Partner’s Instructions 3. Other net rental income (loss)

Net income Schedule E, line 28, column (h) Net loss See the Partner’s Instructions

4a. Guaranteed payment Services See the Partner’s Instructions 4b. Guaranteed payment Capital See the Partner’s Instructions 4c. Guaranteed payment Total See the Partner’s Instructions

5. Interest income Form 1040 or 1040-SR, line 2b6a. Ordinary dividends Form 1040 or 1040-SR, line 3b6b. Qualified dividends Form 1040 or 1040-SR, line 3a6c. Dividend equivalents See the Partner’s Instructions7. Royalties Schedule E, line 48. Net short-term capital gain (loss) Schedule D, line 5

9a. Net long-term capital gain (loss) Schedule D, line 129b.

Collectibles (28%) gain (loss)

28% Rate Gain Worksheet, line 4 (Schedule D instructions)

9c. Unrecaptured section 1250 gain See the Partner’s Instructions 10. Net section 1231 gain (loss) See the Partner’s Instructions 11. Other income (loss)

Code A Other portfolio income (loss) See the Partner’s Instructions B Involuntary conversions See the Partner’s Instructions C Sec. 1256 contracts & straddles Form 6781, line 1 D Mining exploration costs recapture See Pub. 535E Cancellation of debt F Section 743(b) positive adjustmentsG Section 965(a) inclusionH

Income under subpart F (other than inclusions under sections 951A and 965)

I Other income (loss) }See the Partner’s Instructions

12. Section 179 deduction See the Partner’s Instructions 13. Other deductions

A Cash contributions (60%) B Cash contributions (30%) C Noncash contributions (50%) D Noncash contributions (30%) E

Capital gain property to a 50%organization (30%)

F Capital gain property (20%) G Contributions (100%)


H Investment interest expense Form 4952, line 1 I Deductions—royalty income Schedule E, line 19 J Section 59(e)(2) expenditures See the Partner’s Instructions K Excess business interest expense See the Partner’s Instructions L Deductions—portfolio (other) Schedule A, line 16

M

Amounts paid for medical insurance

Schedule A, line 1, or Schedule 1 (Form 1040 or 1040-SR), line 16

N Educational assistance benefits See the Partner’s Instructions O Dependent care benefits Form 2441, line 12P Preproductive period expenses See the Partner’s Instructions Q

Commercial revitalization deduction from rental real estate activities See Form 8582 instructions

R Pensions and IRAs See the Partner’s Instructions S Reforestation expense deduction See the Partner’s Instructions T through U Reserved for future useV Section 743(b) negative adjustments

W Other deductions X Section 965(c) deduction } See the Partner’s Instructions

14. Self-employment earnings (loss)Note: If you have a section 179 deduction or any partner-level deductions, see the Partner’s Instructions before completing Schedule SE.

A

Net earnings (loss) from self-employment Schedule SE, Section A or B

B Gross farming or fishing income See the Partner’s Instructions C Gross non-farm income See the Partner’s Instructions

15. CreditsA

Low-income housing credit (section 42(j)(5)) from pre-2008 buildings

B

Low-income housing credit (other) from pre-2008 buildings

C

Low-income housing credit (section 42(j)(5)) from post-2007 buildings

D

Low-income housing credit (other) from post-2007 buildings

E

Qualified rehabilitation expenditures (rental real estate)

F Other rental real estate credits G Other rental credits


Code Report on H

Undistributed capital gains credit

Schedule 3 (Form 1040 or 1040-SR), line 13, box a

I Biofuel producer credit See the Partner’s InstructionsJ Work opportunity credit K Disabled access credit L

Empowerment zone employment credit

M

Credit for increasing research activities

N

Credit for employer social security and Medicare taxes

O Backup withholding P Other credits


16. Foreign transactionsA

Name of country or U.S. possession

B Gross income from all sources C

Gross income sourced at partner level

} Form 1116, Part I

Foreign gross income sourced at partnership level D Reserved for future useE Foreign branch categoryF Passive category G General category H Other

} Form 1116, Part I

Deductions allocated and apportioned at partner level I Interest expense Form 1116, Part I J Other Form 1116, Part I Deductions allocated and apportioned at partnership level to foreign source income K Reserved for future useL Foreign branch category

M Passive category N General category O Other

} Form 1116, Part I

Other information P Total foreign taxes paid Form 1116, Part II Q Total foreign taxes accrued Form 1116, Part II R Reduction in taxes available for credit Form 1116, line 12 S Foreign trading gross receipts Form 8873 T Extraterritorial income exclusion Form 8873 U through V Reserved for future useW Section 965 informationX Other foreign transactions } See the Partner’s Instructions

17. Alternative minimum tax (AMT) itemsA Post-1986 depreciation adjustment B Adjusted gain or loss C Depletion (other than oil & gas) D Oil, gas, & geothermal—gross income E Oil, gas, & geothermal—deductions F Other AMT items

} See the Partner’s Instructions and the Instructions for Form 6251

18. Tax-exempt income and nondeductible expensesA Tax-exempt interest income Form 1040 or 1040-SR, line 2aB Other tax-exempt income See the Partner’s Instructions C Nondeductible expenses See the Partner’s Instructions

19. DistributionsA Cash and marketable securitiesB Distribution subject to section 737C Other property } See the Partner’s Instructions

20. Other informationA Investment income Form 4952, line 4a B Investment expenses Form 4952, line 5 C Fuel tax credit information Form 4136 D

Qualified rehabilitation expenditures (other than rental real estate)

E Basis of energy property F through G


H Recapture of investment credit See Form 4255 I Recapture of other credits See the Partner’s Instructions J

Look-back interest—completed long-term contracts See Form 8697

K

Look-back interest—income forecast method See Form 8866

L

Dispositions of property with section 179 deductions

M Recapture of section 179 deductionN

Interest expense for corporate partners

O through YZ Section 199A information

AA Section 704(c) informationAB Section 751 gain (loss)AC Section 1(h)(5) gain (loss)AD

Deemed section 1250 unrecaptured gain

AE Excess taxable income AF Excess business interest incomeAG Gross receipts for section 59A(e)AH Other information


SPSL1201L 05/20/19

Buckeye Consulting, LLC 99-9999999Supplemental Information 2Schedule K-1 (Form 1065) 2019 Page

Partner 2: Brutus Buckeye YYY-YY-YYYY

Box 2Rental Real Estate Activities

Gross Net Net Passive Sec. 1231Property Type and Address Income Expenses Income Nonpass Total

Type: 4 - Commercial1111 Big Ten Ln Buckeye, AZ 85326

36,000. 30,000. $ 6,000. PassiveTotal $ 6,000.

Box 20Other Information

* Descriptive Information

Y Line 2: IRC 212 rental real estate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,000.

Supplemental Information

Item L. Partner's Capital Account Analysis:Tax Basis

Pursuant to IRC Section 6221(b)(1), for the current tax year, the partnership haselected out of the centralized partnership audit regime. Any IRS audit conducted,and any subsequent assessment, will be made at the partner level, partner bypartner, and under the audit procedures applicable to each partner for the yearunder examination.

Statement A—QBI Pass-through Entity Reporting

Partnership's name: Partnership's EIN:

Partner's identifying number:Partner's name:

EIN: EIN: EIN:

PTP PTP PTP












W-2 wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


Section 199A dividends

EIN: EIN: EIN:

PTP PTP PTP












W-2 wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .


BAA For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Statement A (Form 1065) (2019)PTPA1515 11/21/19

Buckeye Consulting, LLC 99-9999999Brutus Buckeye YYY-YY-YYYY

Buckeye Consulting,LLC

99-9999999

X

237,400.

12,500.

80,000.20,000.

Partner 2

See Att.

2019 QBI Statement Information Page 1


QBI Statement ACharitable Contributions

Business Name or Address: . . . . . . Buckeye Consulting, LLCCash Contributions (60%). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,500.

Total $ 12,500.

2019 Federal Statements Page 1


Statement 1Form 1065, Line 20Other Deductions

Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 8,200.Amortization. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 300.Auto and Truck Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,500.Bank Charges. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,800.Dues and Subscriptions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,200.Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,100.Janitorial. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,100.Legal and Professional. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000.Meals. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,000.Meals - 100% deductible. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,000.Miscellaneous . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 610.Office Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,530.Postage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,500.Printing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,900.Professional development. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,900.Telephone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,200.Travel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,000.Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,500.

Total $ 151,340.

Statement 2Form 1065, Schedule K, Line 13aCharitable Contributions

Cash Contributions - 60% Limitation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25,000.Total $ 25,000.

Statement 3Form 1065, Schedule K, Line 13dOther Deductions

Partner Health Insurance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000.Total $ 10,000.

Statement 4Form 1065, Schedule K, Line 20cOther Reportable Items

Section 704(c) Information. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000.

2019 Federal Statements Page 2


Disposition of Assets with Prior Section 179 Expense

Asset Description . . . . . . . . . . . . . . . . . . FurnitureTax Year(s) Passed Through. . . . . 2016Date Acquired . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7/01/2016Date Sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8/24/2019Sales Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000.Cost or other basis plus expense of sale. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000.Depreciation allowed or allowable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.Section 179 expense deduction previously reported. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000.

Statement 5Form 1065, Schedule L, Line 8Other Investments

Beginning Ending

ABC, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000. $ 0.OSU Tax-Free Bonds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000. 20,000.XYZ, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000. 5,000.

Total $ 35,000. $ 25,000.

Statement 6Form 1065, Schedule L, Line 17Other Current Liabilities

Beginning Ending

Accrued employee payroll taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,530. $ 4,000.Line of credit & credit card payable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. 19,000.

Total $ 1,530. $ 23,000.

Statement 7Form 1065, Schedule M-1, Line 4Expenses on Books Not on Schedule K

Country club dues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000.Political contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000.

Total $ 15,000.

Statement 8Form 1065, Schedule M-1, Line 6Income on Books Not on Schedule K

Gain (Loss) on Disposition of Section 179 Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,000.Total $ 10,000.

2019 General Elections Page 1


Section 1.263(a)-1(f) De Minimis Safe Harbor Election

The Taxpayer hereby makes the de minimis safe harbor election under Regulation1.263(a)-1(f).

Buckeye Consulting, LLC2015 National Champions DrBuckeye, AZ 8532699-9999999

1065 u.s. return of partnership income 2019

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