ha.internationaleprocurement.com...polcari & co., cpa's 2035 hamburg turnpike unit h wayne, nj 07470...

2018 TAX RETURN

Client:

Prepared for:

Prepared by:

Date:

Comments:

Route to:

FDIL2001L 05/22/18

CLIENT COPY

SMIXED

SWAN STREET MIXED USE, LLC200 SOUTH PEARL STREETALBANY, NY 12202518-6417512

MICHAEL A. MAURICE, CPAPOLCARI & CO., CPA'S2035 HAMBURG TURNPIKE UNIT HWAYNE, NJ 07470(973) 831-6969

JUNE 21, 2019

2018 Partnership Returnprepared for:

SWAN STREET MIXED USE, LLC200 SOUTH PEARL STREET

ALBANY, NY 12202

Polcari & Co., CPA's2035 Hamburg Turnpike Unit H

Wayne, NJ 07470

POLCARI & CO., CPA'S2035 HAMBURG TURNPIKE UNIT HWAYNE, NJ 07470(973) 831-6969

Client SMIXEDJune 21, 2019


FEDERAL FORMS

Form 1065 2018 U.S. Return of Partnership IncomeSchedule B-1 Information on Partners Owning 50% or MoreSchedule C Additional Information for Schedule M-3 FilersSchedule K-1 Partner's Share of Income, Deductions, CreditsSchedule M-3 Net Income (Loss) ReconciliationForm 7004 Automatic Extension of Time to FileForm 8586 Low-Income Housing CreditForm 8609-A Annual Statement for Low-Income Housing CreditForm 8825 Rental Real Estate Income and ExpensesForm 8879-PE IRS e-file Signature AuthorizationForm 8990 Limitation on Business Interest Expense

Depreciation Schedules

NEW YORK FORMS

Form IT-204 2018 New York State Partnership ReturnForm IT-204.1 New York Corporate Partners' Schedule KForm IT-204-IP New York Partner's Schedule K-1Form IT-204-CP New York Corporate Partner's Schedule K-1Form IT-204-LL 2018 Partnership, LLC, and LLP Filing Fee PaymentForm TR-579-PT Signature AuthorizationEfile Certification Efile Certification

FEE SUMMARY

Preparation Fee

POLCARI & CO., CPA'S2035 HAMBURG TURNPIKE UNIT HWAYNE, NJ 07470(973) 831-6969

Client SMIXEDJune 21, 2019


FEDERAL FORMS

Form 1065 2018 U.S. Return of Partnership IncomeSchedule B-1 Information on Partners Owning 50% or MoreSchedule C Additional Information for Schedule M-3 FilersSchedule K-1 Partner's Share of Income, Deductions, CreditsSchedule M-3 Net Income (Loss) ReconciliationForm 7004 Automatic Extension of Time to FileForm 8586 Low-Income Housing CreditForm 8609-A Annual Statement for Low-Income Housing CreditForm 8825 Rental Real Estate Income and ExpensesForm 8879-PE IRS e-file Signature AuthorizationForm 8990 Limitation on Business Interest Expense

Depreciation Schedules

NEW YORK FORMS

Form IT-204 2018 New York State Partnership ReturnForm IT-204.1 New York Corporate Partners' Schedule KForm IT-204-IP New York Partner's Schedule K-1Form IT-204-CP New York Corporate Partner's Schedule K-1Form IT-204-LL 2018 Partnership, LLC, and LLP Filing Fee PaymentForm TR-579-PT Signature AuthorizationEfile Certification Efile Certification

FEE SUMMARY

Preparation Fee

2018 2017 DIFFTRADE OR BUSINESS INCOMETOTAL INCOME (LOSS). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 0

TRADE OR BUSINESS DEDUCTIONSTOTAL DEDUCTIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 0 0

SCHEDULE K - INCOMEORDINARY BUSINESS INCOME (LOSS). . . . . . . . . . . . . . 0 0 0NET RENTAL REAL ESTATE INCOME (LOSS). . . . . . -273,997 -265,955 -8,042INTEREST INCOME. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 8 60

SCHEDULE K - DEDUCTIONSOTHER DEDUCTIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,193 0 15,193

SCHEDULE K - CREDITSLOW-INCOME HOUSING CREDIT 15(A). . . . . . . . . . . . . . 263,384 263,384 0

SCHEDULE K - ALTERNATIVE MINIMUM TAX ITEMSPOST-1986 DEPRECIATION ADJUSTMENT. . . . . . . . . . . 74 -533 607

SCHEDULE K - OTHERINVESTMENT INCOME. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 8 60OTHER ITEMS REPORTED SEPARATELY. . . . . . . . . . . . . . 5,512,532 0 5,512,532

SCHEDULE L - BALANCE SHEETBEGINNING ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,569,123 4,733,816 -164,693BEGINNING LIABILITIES AND CAPITAL. . . . . . . . . . . 4,569,123 4,733,816 -164,693

ENDING ASSETS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,427,706 4,569,123 -141,417ENDING LIABILITIES AND CAPITAL . . . . . . . . . . . . . . . 4,427,706 4,569,123 -141,417

2018 FEDERAL INCOME TAX SUMMARY PAGE 1

SWAN STREET MIXED USE, LLC 26-0563002

ENDING ASSETSCASH. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,404ACCOUNTS RECEIVABLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,528LESS ALLOWANCE FOR BAD DEBTS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (230) 7,298OTHER CURRENT ASSETS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,687BUILDINGS AND OTHER ASSETS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,803,421LESS ACCUMULATED DEPRECIATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,620,746) 4,182,675LAND. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76,055INTANGIBLE ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,902LESS ACCUMULATED AMORTIZATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9,902)OTHER ASSETS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 142,587

TOTAL ASSETS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,427,706

ENDING LIABILITIES & CAPITALACCOUNTS PAYABLE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 138,690OTHER CURRENT LIABILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 196,146ALL NONRECOURSE LOANS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,302,297OTHER LIABILITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 54,029PARTNERS' CAPITAL ACCOUNTS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 933,952

TOTAL LIABILITIES AND CAPITAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,427,706

2018 FEDERAL BALANCE SHEET SUMMARY PAGE 1


2018 2017 DIFFNEW YORK MODIFICATIONS TO FEDERAL ITEMSNEW YORK STATE ADDITIONS . . . . . . . . . . . . . . . . . . . . . . . . 0 0 0NEW YORK STATE SUBTRACTIONS. . . . . . . . . . . . . . . . . . . . 0 0 0

NEW YORK ALLOCATIONBUSINESS ALLOCATION PERCENTAGE . . . . . . . . . . . . . . . 100 100 0

IT-204-LL NEW YORK GROSS INCOMENEW YORK SOURCE GROSS INCOME . . . . . . . . . . . . . . . . . . 152,870 171,284 -18,414

2018 NEW YORK INCOME TAX SUMMARY PAGE 1


FORMS NEEDED FOR THIS RETURN

FEDERAL: 1065, SCH B-1, SCH C, SCH K-1, SCH M-3, 7004, 8586, 8609-A, 88258879-PE, 8990*

NEW YORK: IT-204, IT-204.1, IT-204-IP, IT-204-CP, IT-204-LL

* INDICATES A FORM THAT WILL BE AUTO-ATTACHED

2018 GENERAL INFORMATION PAGE 1


CARRYOVERS TO 2019

NONE

OMB No. 1545-0123IRS e-file Signature Authorization for Form 1065Form 8879-PE

G Return completed Form 8879-PE to your ERO. (Don't send to the IRS.)

2018G Go to www.irs.gov/Form8879PE for the latest information.

Department of the TreasuryInternal Revenue Service , .For calendar year 2018, or tax year beginning , 2018, and ending

Name of partnership Employer identification number

Tax Return Information (Whole dollars only)Part IGross receipts or sales less returns and allowances (Form 1065, line 1c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

Gross profit (Form 1065, line 3). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 2

Ordinary business income (loss) (Form 1065, line 22) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 3

Net rental real estate income (loss) (Form 1065, Schedule K, line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 4

Other net rental income (loss) (Form 1065, Schedule K, line 3c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 5

Part II Declaration and Signature Authorization of Partner or Member(Be sure to get a copy of the partnership's return)

Under penalties of perjury, I declare that I am a partner or member of the above partnership and that I have examined a copy of the partnership's2018 electronic return of partnership income and accompanying schedules and statements and to the best of my knowledge and belief, it is true,correct, and complete. I further declare that the amounts in Part I above are the amounts shown on the copy of the partnership's electronicreturn of partnership income. I consent to allow my electronic return originator (ERO), transmitter, or intermediate service provider to send thepartnership's return to the IRS and to receive from the IRS (a) an acknowledgement of receipt or reason for rejection of the transmission and(b) the reason for any delay in processing the return. I have selected a personal identification number (PIN) as my signature for the partnership'selectronic return of partnership income.

Partner or Member's PIN: check one box only

I authorize to enter my PIN as my signature on theERO firm name Don't enter all zeros

partnership's 2018 electronically filed return of partnership income.

As a partner or member of the partnership, I will enter my PIN as my signature on the partnership's 2018 electronically filed

return of partnership income.

GPartner or member's signature

G GTitle Date

Part III Certification and Authentication

ERO's EFIN/PIN. Enter your six-digit EFIN followed by your five-digit self-selected PIN.Don't enter all zeros

I certify that the above numeric entry is my PIN, which is my signature on the 2018 electronically filed return of partnership income for thepartnership indicated above. I confirm that I am submitting this return in accordance with the requirements of Pub. 3112, IRS e-file Applicationand Participation, and Pub. 4163, Modernized e-File (MeF) Information for Authorized IRS e-file Providers for Business Returns.

G GERO's signature Date

ERO Must Retain This Form ' See Instructions

Don't Submit This Form to the IRS Unless Requested To Do So

BAA For Paperwork Reduction Act Notice, see instructions. Form 8879-PE (2018)

PTPA0901L 08/08/18

26-0563002SWAN STREET MIXED USE, LLC

-273,997.

X POLCARI & CO., CPA'S 93945

MANAGING MEMBER

22862416969

MICHAEL A. MAURICE, CPA

Form 7004Application for Automatic Extension of Time To File Certain

OMB No. 1545-0233(Rev December 2018) Business Income Tax, Information, and Other ReturnsG File a separate application for each return.

Department of the TreasuryG Go to www.irs.gov/Form7004 for instructions and the latest information.Internal Revenue Service

Name Identifying number

PrintNumber, street, and room or suite no. (If P.O. box, see instructions.)

orType

City, town, state, and ZIP code (If a foreign address, enter city, province or state, and country (follow the country's practice for entering postal code).)

Note: File request for extension by the due date of the return. See instructions before completing this form.

Part I Automatic Extension for Certain Business Income Tax, Information, and Other Returns. See instructions.

1 Enter the form code for the return listed below that this application is for. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Application Form Application FormIs For: Code Is For: Code

Form 706-GS(D) 01 Form 1120-ND (section 4951 taxes) 20

Form 706-GS(T) 02 Form 1120-PC 21

Form 1041 (bankruptcy estate only) 03 Form 1120-POL 22

Form 1041 (estate other than a bankruptcy estate) 04 Form 1120-REIT 23

Form 1041 (trust) 05 Form 1120-RIC 24

Form 1041-N 06 Form 1120S 25

07Form 1041-QFT Form 1120-SF 26

Form 1042 08 Form 3520-A 27

Form 1065 09 Form 8612 28

Form 8613 29Form 1066 11

Form 8725 30Form 1120 12

Form 8804 31Form 1120-C 34

Form 8831 32Form 1120-F 15

33Form 8876Form 1120-FSC 16

35Form 8924Form 1120-H 17

36Form 8928Form 1120-L 18

Form 1120-ND 19

Part II All Filers Must Complete This Part

If the organization is a foreign corporation that does not have an office or place of business in the United States, check here. . . . . . G2

If the organization is a corporation and is the common parent of a group that intends to file a consolidated return, check here. . . . . G3If checked, attach a statement listing the name, address, and employer identification number (EIN) for each membercovered by this application.

If the organization is a corporation or partnership that qualifies under Regulations section 1.6081-5, check here. . . . . . . . . . . . . . . . . . . G4

The application is for calendar year 20 , or tax year beginning , 20 , and ending , 205 a

Initial return Final returnShort tax year. If this tax year is less than 12 months, check the reason:b

Change in accounting period Consolidated return to be filed Other (See instructions ' attach explanation.)

6 Tentative total tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Total payments and credits. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 7

Balance due. Subtract line 7 from line 6. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 88

CPCZ0701L 08/09/18 Form 7004 (Rev. 12-2018)BAA For Privacy Act and Paperwork Reduction Act Notice, see separate instructions.


200 SOUTH PEARL STREET

ALBANY, NY 12202

09

18

0.

0.

0.

OMB No. 1545-0123U.S. Return of Partnership IncomeForm 1065 For calendar year 2018, or tax year beginning , 2018,

. 2018ending , 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 year.I

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

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)). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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.

PTPA0105L 09/10/18BAA For Paperwork Reduction Act Notice, see separate instructions. Form 1065 (2018)

RENTAL REAL EST 26-0563002

REAL ESTATE 10/10/2008

531110 4,427,706.

SWAN STREET MIXED USE, LLC200 SOUTH PEARL STREETALBANY, NY 12202

X

3X

X

P01513595POLCARI & CO., CPA'S 22-26396352035 HAMBURG TURNPIKE UNIT H

WAYNE, NJ 07470 (973) 831-6969

MICHAEL A. MAURICE, CPA MICHAEL A. MAURICE, CPA

Form 1065 (2018)

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 2018, 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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PTPA0112L 09/04/18 Form 1065 (2018)BAA

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26-0563002

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Form 1065 (2018) Page 3

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 2018 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 Form(s) 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 Treasury 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 of the following conditions and the partnership does not own a pass-through entity with current24year, or prior year, carryover excess business interest expense? See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

a The partnership's aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years preceding thecurrent tax year do not exceed $25 million, and the partnership is not a tax shelter, or

The partnership only has business interest expense from (1) an electing real property trade or business, (2) an electingbfarming business, or (3) certain utility businesses under section 163(j)(7).

If "No," 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.

U.S. taxpayerName of identificationA APR

number of PR

U.S. address of PR U.S. phoneA Anumber of PRU.S. taxpayerIf the PR is anidentificationentity, name ofnumber of thethe designateddesignatedindividual for A Aindividualthe PRU.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 13. G $

PTPA0112L 12/21/18BAA Form 1065 (2018)


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0

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SWAN STREET MIXED USE HOUSING CORP. 26-0562913

200 SOUTH PEARL STREET518-641-7520

ALBANY, NY 12202

STEVEN T. LONGO ***-**-****

200 SOUTH PEARL STREET518-641-7500

ALBANY, NY 12202X

Form 1065 (2018) Page 4

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 c

Guaranteed payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 4

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

b 6bQualified dividends . . . . . . . . . . . . . . . . . . . . . . . . . c Dividend equivalents. . . . . . . . . . . . . . . . . . . . . . . . . 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 eSection 951A category 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 lSection 951A category 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

PTPA0134L 09/04/18BAA Form 1065 (2018)


-273,997.

68.

15,193.

263,384.

74.

68.

SEE STATEMENT 1

SEE STATEMENT 2

Form 1065 (2018) Page 5

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. . . . . . . ab Travel and

$entertainment. . . . . . Add lines 6 and 7. . . . . . . . . . . . . . . . . . . . . . . . . 8Income (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

PTPA0134L 09/04/18BAA Form 1065 (2018)


-289,122.

-286,231. -2,891.

1,669. 5,404.1,975. 7,528.

105. 1,870. 230. 7,298.

11,123. 13,687.

5,803,421. 5,803,421.1,461,788. 4,341,633. 1,620,746. 4,182,675.

76,055. 76,055.9,902. 9,902.9,902. 9,902.

136,773. 142,587.4,569,123. 4,427,706.

72,454. 138,690.

172,920. 196,146.3,302,297. 3,302,297.

53,950. 54,029.967,502. 736,544.

4,569,123. 4,427,706.

1,223,074.

-230,958.58,164.58,164.

992,116. 933,952.

SEE ST 3

SEE ST 4

SEE ST 5

SEE ST 6

STATEMENT 7

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.


152,802.-426,799.

-273,997.

SWAN STREET

152,802.

10.

20,486.1,279.

32,110.21,752.

426,799.

68.

217,122.

133,972.

3652ALBANY, NY 12210

-273,997.

SEE STATEMENT 8

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. September 2017)

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 3a)

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 3b)

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. 9-2017)

PTPA1301L 08/09/17

26-0563002SWAN STREET MIXED USE, LLC

BOSTON FINANCIAL INSTITUTIONAL 20-2154929 PTRSHIP. U.S. 99.000

Additional Information for Schedule M-3 FilersSCHEDULE C(Form 1065)

OMB No. 1545-0123G Attach to Form 1065. See separate instructions.(Rev. December 2014)Department of the Treasury

G Information about Schedule C (Form 1065) and its instructions is at www.irs.gov/form1065.Internal Revenue Service

Name of partnership Employer identification number

Yes No

At any time during the tax year, were there any transfers between the partnership and its partners subject to the disclosure1requirements of Regulations section 1.707-8?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Does any amount reported on Schedule M-3, Part II, lines 7 or 8, column (d), reflect allocations to this partnership from another2partnership of income, gain, loss, deduction, or credit that are disproportionate to this partnership's share of capital in thatpartnership or its ratio for sharing other items of that partnership? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

At any time during the tax year, did the partnership sell, exchange, or transfer any interest in an intangible asset to a related3person as defined in sections 267(b) and 707(b)(1)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

At any time during the tax year, did the partnership acquire any interest in an intangible asset from a related person as4defined in sections 267(b) and 707(b)(1)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

At any time during the tax year, did the partnership make any change in accounting principle for financial accounting5purposes? See instructions for a definition of change in accounting principle. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

At any time during the tax year, did the partnership make any change in a method of accounting for U.S. income6tax purposes? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Schedule C (Form 1065) (Rev 12-2014)BAA For Paperwork Reduction Act Notice, see the Instructions for Form 1065.

PTPA0501L 07/14/14


X

X

X

X

X

X

651118Final K-1 Amended K-1Schedule K-1

OMB No. 1545-0123(Form 1065) 2018

Partner's Share of Current Year Income,Department of the Treasury Part IIIFor calendar year 2018, or tax yearInternal Revenue Service Deductions, Credits, and Other ItemsCredits1 15Ordinary business income (loss)

/ / / /beginning ending2018

2 Net rental real estate income (loss)Partner's Share of Income, Deductions,Credits, etc. See separate instructions.G Foreign transactions3 16Other net rental income (loss)

Information About the PartnershipPart I4 Guaranteed payments

Partnership's employer identification numberA

5 Interest income

Partnership's name, address, city, state, and ZIP codeB

6a Ordinary dividends

6b Qualified dividends

6c Dividend equivalentsIRS Center where partnership filed returnC

7 RoyaltiesCheck if this is a publicly traded partnership (PTP)D

17 Alternative minimum tax (AMT) items8 Net short-term capital gain (loss)Part II Information About the Partner

Partner's identifying numberE 9a Net long-term capital gain (loss)

Partner's name, address, city, state, and ZIP codeF9b Collectibles (28%) gain (loss)

9c Unrecaptured section 1250 gain 18 Tax-exempt income andnondeductible expenses

10 Net section 1231 gain (loss)General partner or LLC Limited partner or otherGmember-manager LLC member

11 Other income (loss)Domestic partner Foreign partnerH

What type of entity is this partner?I1

I2 If this partner is a retirement plan (IRA/SEP/Keogh/etc.), check here19 Distributions

Partner's share of profit, loss, and capital (see instructions):J

Beginning Ending 12 Section 179 deductionProfit % %

20 Other informationLoss % % 13 Other deductionsCapital % %Partner's share of liabilities:K

Beginning Ending

Nonrecourse . . . . . . $ $Qualified nonrecourse $ $financing . . . . . . . .

$Recourse . . . . . . . . $ 14 Self-employment earnings (loss)Partner's capital account analysis:L

Beginning capital account. . . . . . . . . . . . . . $Capital contributed during the year . . . . . $Current year increase (decrease). . . . . . . $ *See attached statement for additional information.Withdrawals & distributions. . . . . . . . . . . . . $Ending capital account. . . . . . . . . . . . . . . . . $

Tax basis GAAP Section 704(b) book

Other (explain)

Did the partner contribute property with a built-in gain or loss?M

Yes No

If "Yes," attach statement (see instructions)Schedule K-1 (Form 1065) 2018BAA For Paperwork Reduction Act Notice, see Instructions for Form 1065.

PTPA0312L 08/31/18

C 2,634.

* -2,740.

26-05630021.


E-FILE

A 1.

26-0562913

SWAN STREET MIXED USE HOUSING CORP.200 SOUTH PEARL STREETALBANY, NY 12202

X

X

EXEMPT ORG.

1 11 11 1 K 152. A 1.

AA 218.2,993. 1,911.

33,023. 33,023. AB 57,648.

Z -2,740.

684,907.

-2,891.

682,016.

X

X

PARTNER 1

Schedule K-1 (Form 1065) 2018 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. For detailed reportingand filing information, see the separate Partner's Instructions for Schedule K-1 and the instructions for your income tax return.

Code Report onOrdinary business income (loss). Determine whether the income (loss) is passive Work opportunity creditJ1or nonpassive and enter on your return as follows.

Disabled access creditKReport onEmpowerment zone employment creditLPassive loss See the Partner's Instructions

See the Partner's InstructionsCredit for increasing research activitiesMPassive income Schedule E, line 28, column (h)

Credit for employer social security andNNonpassive loss See the Partner's Instructions Medicare taxes

Backup withholdingONonpassive income Schedule E, line 28, column (k)

Other creditsPSee the Partner's InstructionsNet rental real estate income (loss)2

Foreign transactions16Other net rental income (loss)3Name of country or U.S. possessionA

Net income Schedule E, line 28, column (h)Form 1116, Part IGross income from all sourcesB

Net loss See the Partner's InstructionsGross income sourced at partner levelC

Schedule E, line 28, column (k)4 Guaranteed paymentsForeign gross income sourced at partnership level

Form 1040, line 2b5 Interest incomeSection 951A categoryD

Form 1040, line 3b6 a Ordinary dividendsForeign branch categoryE

Form 1040, line 3a6 b Qualified dividendsForm 1116, Part IPassive categoryF

See the Partner's Instructions6 c Dividend equivalentsGeneral categoryG7 Royalties Schedule E, line 4OtherH8 Net short-term capital gain (loss) Schedule D, line 5

Deductions allocated and apportioned at partner level9 a Net long-term capital gain (loss) Schedule D, line 12Form 1116, Part IInterest expenseI28% Rate Gain Worksheet, line9 b Collectibles (28%) gain (loss)

4 (Schedule D Instructions) Form 1116, Part IOtherJ9 c Unrecaptured section 1250 gain See the Partner's Instructions Deductions allocated and apportioned at partnership level to

10 Net section 1231 gain (loss) See the Partner's Instructions foreign source income11 Other income (loss) Section 951A categoryK

Code Foreign branch categoryLOther portfolio income (loss) See the Partner's InstructionsA Passive categoryM Form 1116, Part I

General categoryNInvoluntary conversions See the Partner's InstructionsBOtherOSec. 1256 contracts & straddles Form 6781, line 1C

Other informationMining exploration costs recapture See Pub. 535D Total foreign taxes paid Form 1116, Part IIPCancellation of debtE Schedule 1 (Form 1040), line 21 or Form 982 Total foreign taxes accruedQ Form 1116, Part IISection 951A incomeF R Reduction in taxes available for credit Form 1116, line 12Section 965(a) inclusionG Foreign trading gross receipts Form 8873S

See the Partner's InstructionsSubpart F income other than Extraterritorial income exclusion Form 8873H Tsections 951A and 965 inclusion Section 951A(c)(1)(A) tested incomeUOther income (loss)I Tested foreign income taxV See the Partner's Instructions12 See the Partner's InstructionsSection 179 deduction Section 965 informationW

13 Other deductions Other foreign transactionsXAlternative minimum tax (AMT) items17Cash contributions (60%)A

Post-1986 depreciation adjustmentACash contributions (30%)BAdjusted gain or lossB See the Partner'sNoncash contributions (50%)CDepletion (other than oil & gas)CSee the Partner's Instructions andNoncash contributions (30%)D Instructions the Instructions forOil, gas, & geothermal ' gross incomeDCapital gain property to a 50%E Form 6251Oil, gas, & geothermal ' deductionsorganization (30%) EOther AMT itemsFCapital gain property (20%)F

Tax-exempt income and nondeductible expenses18Contributions (100%)G

Tax-exempt interest income Form 1040, line 2aAInvestment interest expense Form 4952, line 1H

Other tax-exempt income See the Partner's InstructionsBDeductions ' royalty income Schedule E, line 19I

Nondeductible expensesC See the Partner's InstructionsSection 59(e)(2) expenditures See the Partner's InstructionsJ

Distributions19Excess business interest expense See the Partner's InstructionsK

Cash and marketable securitiesADeductions ' portfolio (other) Schedule A, line 16L

Distribution subject to section 737B See the Partner's InstructionsSchedule A, line 1 or Schedule 1Amounts paid for medical insuranceM Other propertyC(Form 1040), line 29

20 Other informationEducational assistance benefits See the Partner's InstructionsNInvestment income Form 4952, line 4aADependent care benefits Form 2441, line 12OInvestment expenses Form 4952, line 5BPreproductive period expenses See the Partner's InstructionsPFuel tax credit information Form 4136CCommercial revitalization deduction fromQ

See Form 8582 Instructionsrental real estate activities Qualified rehabilitation expenditures (otherD See the Partner's Instructionsthan rental real estate)Pensions and IRAs See the Partner's InstructionsRBasis of energy propertyEReforestation expense deduction See the Partner's Instructions See the Partner's InstructionsSRecapture of low-income housing creditFthrough V Reserved for future useT Form 8611, line 8(section 42(j)(5))

Other deductionsW See the Partner's Instructions Recapture of low-income housing credit (other) Form 8611, line 8GSection 965(c) deductionX See the Partner's Instructions Recapture of investment credit See Form 4255H

Self-employment earnings (loss)14Recapture of other credits See the Partner's InstructionsI

Note. If you have a section 179 deduction or any partner-level deductions, see theLook-back interest ' completedJPartner's Instructions before completing Schedule SE.long-term contracts See Form 8697

Net earnings (loss) from self-employment Schedule SE, Section A or BA Look-back interest ' incomeKforecast method See Form 8866Gross farming or fishing income See the Partner's InstructionsBDispositions of property withLGross non-farm income See the Partner's InstructionsCsection 179 deductionsCredits15Recapture of section 179 deductionM

Low-income housing credit (section 42(j)(5))AInterest expense for corporate partnersNfrom pre-2008 buildings

Low-income housing credit (other) from through YOBpre-2008 buildings

Section 199A incomeZLow-income housing credit (section 42(j)(5))C

Section 199A W-2 wagesAAfrom post-2007 buildingsSee the Partner'sSection 199A unadjusted basisABSee the Partner's InstructionsLow-income housing credit (other) fromD Instructionspost-2007 buildings Section 199A REIT dividendsAC

Qualified rehabilitation expenditures (rentalE Section 199A PTP incomeADreal estate)Excess taxable incomeAEOther rental real estate creditsFExcess business interest incomeAFOther rental creditsGGross receipts for section 59A(e)AGUndistributed capital gains creditH Schedule 5 (Form 1040), line 74, box aOther informationAHBiofuel producer credit See the Partner's InstructionsI

PTPA0312L 12/11/18 Schedule K-1(Form 1065) 2018


*******************************************************

SPSL1201L 05/26/18

SWAN STREET MIXED USE, LLC 26-0563002SUPPLEMENTAL INFORMATION 3SCHEDULE K-1 (FORM 1065) 2018 PAGE

************************************************************

BOX 2RENTAL REAL ESTATE ACTIVITIES

GROSS NET NET PASSIVE SEC. 1231PROPERTY TYPE AND ADDRESS INCOME EXPENSES INCOME NONPASS TOTAL

TYPE: 2 - MULTI-FAMILY RESIDENCESWAN STREET ALBANY, NY 12210

1,528. 4,268. $ -2,740. PASSIVETOTAL $ -2,740.


OMB No. 1545-0123(Form 1065) 2018






5 Interest income

















Beginning Ending





Other (explain)


Yes No


PTPA0312L 08/31/18

C 260,750.

* -271,257.

26-056300267.


E-FILE

A 73.

20-2154929

BOSTON FINANCIAL INSTITUTIONALTAX CREDITS XXIX, A LIMITED PARTNERSHIP101 ARCH STREETBOSTON, MA 02210

X

X

PARTNERSHIP

99 9999 9999 99 K 15,041. A 67.

AA 21,534.296,330. 189,156.

3,269,274. 3,269,274. AB 5,707,129.

* STMT

538,167.

-286,231.

251,936.

X

X

PARTNER 2










































Section 199A W-2 wagesAAfrom post-2007 buildingsSee the Partner'sSection 199A unadjusted basisABSee the Partner's InstructionsLow-income housing credit (other) fromD Instructionspost-2007 buildings Section 199A REIT dividendsAC

Qualified rehabilitation expenditures (rentalE Section 199A PTP incomeADreal estate)Excess taxable incomeAEOther rental real estate creditsFExcess business interest incomeAFOther rental creditsGGross receipts for section 59A(e)AGUndistributed capital gains creditH Schedule 5 (Form 1040), line 74, box aOther informationAHBiofuel producer credit See the Partner's InstructionsI

PTPA0312L 12/11/18 Schedule K-1(Form 1065) 2018


*******************************************************

SPSL1201L 05/26/18

SWAN STREET MIXED USE, LLC 26-0563002SUPPLEMENTAL INFORMATION 3SCHEDULE K-1 (FORM 1065) 2018 PAGE

*******************************************************

BOX 2RENTAL REAL ESTATE ACTIVITIES

GROSS NET NET PASSIVE SEC. 1231PROPERTY TYPE AND ADDRESS INCOME EXPENSES INCOME NONPASS TOTAL

TYPE: 2 - MULTI-FAMILY RESIDENCESWAN STREET ALBANY, NY 12210

151,274. 422,531. $ -271,257. PASSIVETOTAL $ -271,257.

BOX 20OTHER INFORMATION

CONTINUED FROM SCHEDULE K-1

AG 151,341.Z -271,257.


OMB No. 1545-0123(Form 1065) 2018






5 Interest income

















Beginning Ending





Other (explain)


Yes No


PTPA0312L 08/31/18

26-0563002


E-FILE

59-3654883

BFIM SPECIAL LIMITED PARTNER, INC.101 ARCH STREETBOSTON, MA 02210

X

X

CORPORATION

0.

0.

X

X

PARTNER 3










































Section 199A W-2 wagesAAfrom post-2007 buildingsSee the

ha.internationaleprocurement.com...polcari & co., cpa's 2035 hamburg turnpike unit h wayne, nj 07470...

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