blpfirm.com€¦ · tokutomi & caruthers, blackline partners, llc 200 auburn folsom road ste...

2018 TAX RETURN

Client:

Prepared for:

Prepared by:

Date:

Comments:

Route to:

FDIL2001L 05/22/18

Client Copy

AUBTMH

TEXAS MINERAL HOLDINGS, LLC1908 Thomes Ave.CHEYENNE, WY 82001888-660-8159

Alan P. BertozziTokutomi & Caruthers100 El Dorado StAuburn, CA 95603530-888-1303

October 17, 2019

2018 Partnership Returnprepared for:

TEXAS MINERAL HOLDINGS, LLC1908 Thomes Ave.

CHEYENNE, WY 82001

Tokutomi & Caruthers100 El Dorado St

Auburn, CA 95603

TOKUTOMI & CARUTHERS, BLACKLINE PARTNERS, LLC200 Auburn Folsom Road STE 300

Auburn, CA 95603530-888-1303

October 17, 2019

TEXAS MINERAL HOLDINGS, LLC1908 Thomes Ave.CHEYENNE, WY 82001

Dear Client:

Your 2018 Federal Partnership Income Tax return will be electronically filed with the InternalRevenue Service upon receipt of a signed Form 8879PE - IRS e-file Signature Authorization. Notax is payable with the filing of this return.

You must distribute a copy of the 2018 Schedule K-1 to each member, if applicable. Be sure togive each member a copy of the Partner's Instructions for Schedule K-1.

Please call if you have any questions.

Sincerely,

Alan P. Bertozzi

TRADE OR BUSINESS INCOMEOther income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 263,540Total income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 263,540

TRADE OR BUSINESS DEDUCTIONSInterest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 173,494Other deductions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34,339Total deductions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 207,833

SCHEDULE K - INCOMEOrdinary business income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,707Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,600

SCHEDULE K - OTHERInvestment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,600Other items reported separately. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,707

SCHEDULE L - BALANCE SHEETBeginning Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0Beginning Liabilities and Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0

Ending Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,669,307Ending Liabilities and Capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,669,307

2018 Federal Income Tax Summary Page 1

TEXAS MINERAL HOLDINGS, LLC 83-1016822

ENDING ASSETSCash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84,150Other current assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 481,156Other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,104,000Other assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Total Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,669,307

ENDING LIABILITIES & CAPITALLong term notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,604,000Partners' capital accounts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65,307

Total Liabilities and Capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,669,307

2018 Federal Balance Sheet Summary Page 1


Forms needed for this return

Federal: 1065, Sch K-1, Sch M-3, 7004, 8879-PE

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

83-1016822TEXAS MINERAL HOLDINGS, LLC

55,707.

X Tokutomi & Caruthers 11203

Authorized Signer

68250201361

Alan P. Bertozzi

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.


1908 Thomes Ave.

CHEYENNE, WY 82001

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)

INVESTMENT 83-1016822

INVESTMENT 11/17/2018

525990 19,669,307.


X

X

6

263,540.263,540.

173,494.

34,339.207,833.55,707.

X

P00996502Tokutomi & Caruthers 80-0840178100 El Dorado St

Auburn, CA 95603 530-888-1303

Alan P. Bertozzi Alan P. Bertozzi

See Statement 1

See Statement 2

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

TEXAS MINERAL HOLDINGS, LLC

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83-1016822

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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 PR

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

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


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BLP Firm, LLC 80-0840178

101 Parkshore Dr. Ste 100530-888-1303

Folsom, CA 95630

Alan P. Bertozzi 80-0840178

101 Parkshore Dr. Ste. 100530-888-1303

Folsom, CA 95630X

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)


55,707.

9,600.

9,600.

See Statement 3

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. . . . . . . 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

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


65,307.

65,307.

84,150.

481,156.

19,104,000.

1.19,669,307.

19,604,000.

65,307.19,669,307.

65,307.

65,307. 65,307.

0.

65,307.

65,307. 65,307.

See St 4

See St 5

See St 6

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

22,282.

83-10168223,840.


e-file

26-4714271

Powell IP9120 Double Diamond Pkwy Suite 2702Reno, NV 89521

X

X

Partnership

40 4040 4040 40 A 3,840.

AG 109,257.

Z 22,282.

0.

26,122.

26,122.

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


Partner 1: Powell IP 26-4714271


OMB No. 1545-0123(Form 1065) 2018






5 Interest income

















Beginning Ending





Other (explain)


Yes No


PTPA0312L 08/31/18

22,283.

83-10168223,840.


e-file

82-3205875

Felfran Investments1303 W Walnut Hill Ln. #303Irving, TX 75038

X

X

Partnership

40 4040 4040 40 A 3,840.

AG 109,256.

Z 22,283.

0.

26,123.

26,123.

X

X

Partner 2














































Partner 2: Felfran Investments 82-3205875


OMB No. 1545-0123(Form 1065) 2018






5 Interest income

















Beginning Ending





Other (explain)


Yes No


PTPA0312L 08/31/18

5,571.

83-1016822960.


e-file

82-1224578

RCMG, LLC1908 Thomes Ave.Cheyenne, WY 82001

X

X

Partnership

10 1010 1010 10 A 960.

AG 27,314.

Z 5,571.

0.

6,531.

6,531.

X

X

Partner 3














































Partner 3: RCMG, LLC 82-1224578


OMB No. 1545-0123(Form 1065) 2018






5 Interest income

















Beginning Ending





Other (explain)


Yes No


PTPA0312L 08/31/18

2,507.

83-1016822432.


e-file

555-82-1701

Marcy OlsonVision 2-0, LLCPO Box 1722Tahoe City, CA 96145

X

X

Partnership

4.5 4.54.5 4.54.5 4.5 A 432.

AG 12,291.

Z 2,507.

0.

2,939.

2,939.

X

X

Partner 4














































Partner 4: Marcy Olson 555-82-1701


OMB No. 1545-0123(Form 1065) 2018






5 Interest income

















Beginning Ending





Other (explain)


Yes No


PTPA0312L 08/31/18

2,507.

83-1016822432.


e-file

81-1922261

Refined Bogie, LLC3505 San Mateo Ave.Reno, NV 89509

X

X

Partnership

4.5 4.54.5 4.54.5 4.5 A 432.

AG 12,291.

Z 2,507.

0.

2,939.

2,939.

X

X

Partner 5














































Partner 5: Refined Bogie, LLC 81-1922261


OMB No. 1545-0123(Form 1065) 2018






5 Interest income

















Beginning Ending





Other (explain)


Yes No


PTPA0312L 08/31/18

557.

83-101682296.


e-file

83-4621704

KEJ Consulting Group, LLC1908 Thomas Ave.Cheyenne, WY 82001

X

X

Partnership

1 11 11 1 A 96.

AG 2,731.

Z 557.

0.

653.

653.

X

X

Partner 6














































Partner 6: KEJ Consulting Group, LLC 83-4621704

OMB No. 1545-0123Net Income (Loss) ReconciliationSCHEDULE M-3(Form 1065) for Certain Partnerships

G Attach to Form 1065. 2018Department of the TreasuryInternal Revenue Service G Go to www.irs.gov/Form1065 for instructions and the latest information.

Name of partnership Employer identification number

This Schedule M-3 is being filed because (check all that apply):

The amount of the partnership's total assets at the end of the tax year is equal to $10 million or more.A

The amount of the partnership's adjusted total assets for the tax year is equal to $10 million or more. If box B is checked, enter theBamount of adjusted total assets for the tax year .

The amount of total receipts for the tax year is equal to $35 million or more. If box C is checked, enter the total receipts forC

the tax year .

An entity that is a reportable entity partner with respect to the partnership owns or is deemed to own an interest of 50% orDmore in the partnership's capital, profit, or loss, on any day during the tax year of the partnership.

Maximum Percentage OwnedName of Reportable Entity Partner Identifying Numberor Deemed Owned

Voluntary Filer.E

Part I Financial Information and Net Income (Loss) Reconciliation1 a Did the partnership file SEC Form 10-K for its income statement period ending with or within this tax year?

Yes. Skip lines 1b and 1c and complete lines 2 through 11 with respect to that SEC Form 10-K.

No. Go to line 1b. See instructions if multiple non-tax-basis income statements are prepared.b Did the partnership prepare a certified audited non-tax-basis income statement for that period?

Yes. Skip line 1c and complete lines 2 through 11 with respect to that income statement.

No. Go to line 1c.c Did the partnership prepare a non-tax-basis income statement for that period?

Yes. Complete lines 2 through 11 with respect to that income statement.

No. Skip lines 2 through 3b and enter the partnership's net income (loss) per its books and records on line 4a.

2 Enter the income statement period: Beginning Ending

3 a Has the partnership's income statement been restated for the income statement period on line 2?

Yes. (If 'Yes', attach a statement and the amount of each item restated.)

No.Has the partnership's income statement been restated for any of the five income statement periods immediately precedingbthe period on line 2?

Yes. (If 'Yes', attach a statement and the amount of each item restated.)

No.

4 a Worldwide consolidated net income (loss) from income statement source identified in Part I, line 1. . . . . . . . . . 4 aIndicate accounting standard used for line 4a (see instructions).b

GAAP IFRS Section 704(b)1 2 3

Other (Specify) GTax-basis4 5

5 a 5 aNet income from nonincludible foreign entities (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b 5 bNet loss from nonincludible foreign entities (attach statement and enter as a positive amount) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 a 6 aNet income from nonincludible U.S. entities (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b 6 bNet loss from nonincludible U.S. entities (attach statement and enter as a positive amount). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 a 7 aNet income (loss) of other foreign disregarded entities (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b 7 bNet income (loss) of other U.S. disregarded entities (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Adjustment to eliminations of transactions between includible entities and88nonincludible entities (attach statement). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 9Adjustment to reconcile income statement period to tax year (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . .

10 10Other adjustments to reconcile to amount on line 11 (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

11 Net income (loss) per income statement of the partnership. Combine lines 4a through 10. . . . . . . . . . . . . . . . . . 11Note. Part I, line 11 must equal Part II, line 26, column (a), or Schedule M'1, line 1. See instructions.

Enter the total amount (not just the partnership's share) of the assets and liabilities of all entities included or removed on the following lines.12

Total Assets Total Liabilities

a Included on Part I, line 4 . . . . . . .

b Removed on Part I, line 5 . . . . . .

c Removed on Part I, line 6 . . . . . .

d Included on Part I, line 7 . . . . . . .

PTPA1101L 12/20/18BAA For Paperwork Reduction Act Notice, see the instructions for your return. Schedule M-3 (Form 1065) 2018

65,307.

65,307.

X

X

12/31/181/01/18

83-1016822TEXAS MINERAL HOLDINGS, LLC

19,669,307.X

X

19,604,000.19,669,307.

2018 Federal Statements Page 1


Statement 1Form 1065, Line 7Other Income (Loss)

Investment Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 263,540.Total $ 263,540.

Statement 2Form 1065, Line 20Other Deductions

Bank Charges. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 270.Entity Maintenance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,555.Legal and Professional. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,126.Office Expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 211.Postage. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150.Website Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27.

Total $ 34,339.

Statement 3Form 1065, Schedule K, Line 20cOther Reportable Items

Section 199A Qualified Business Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 55,707.Gross Receipts for Section 59A(e). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 273,140.

Statement 4Form 1065, Schedule L, Line 6Other Current Assets

Beginning Ending

INTEREST RECEIVABLE - PETROROCK . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0. $ 71,556.LOAN RECEIVABLE - STRATEGIC TECH. ASSETS. . . . . . . . . . . . . . . . . . . . . . . . . 0. 409,600.

Total $ 0. $ 481,156.

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

Beginning Ending

HBR VI. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0. $ 8,909,000.SEA III. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0. 10,195,000.

Total $ 0. $ 19,104,000.

2018 Federal Statements Page 2


Statement 6Form 1065, Schedule L, Line 13Other Assets

Beginning Ending

Rounding. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0. $ 1.Total $ 0. $ 1.

TEXAS MINERAL HOLDINGS, LLC1908 THOMES AVE.

CHEYENNE, WY 82001 888-660-8159

October 17, 2019Powell IP9120 Double Diamond Pkwy Suite 2702Reno, NV 89521

RE:TEXAS MINERAL HOLDINGS, LLC83-1016822Schedule K-1 from Partnership's 2018 Return of Income

Dear Powell IP:

Enclosed is your 2018 Schedule K-1 (Form 1065) Partner's Share of Income, Deductions,Credits, Etc. from TEXAS MINERAL HOLDINGS, LLC. This information reflects the amountsyou need to complete your income tax return. The amounts shown are your distributive share ofpartnership tax items to be reported on your tax return, and may not correspond to actualdistributions you have received during the year. This information is included in the Partnership's2018 Federal Return of Partnership Income that was filed with the Internal Revenue Service.

If you have any questions concerning this information, please contact us immediately.

Sincerely,


Enclosure(s)


OMB No. 1545-0123(Form 1065) 2018






5 Interest income

















Beginning Ending





Other (explain)


Yes No


PTPA0312L 08/31/18

22,282.

83-10168223,840.


e-file

26-4714271

Powell IP9120 Double Diamond Pkwy Suite 2702Reno, NV 89521

X

X

Partnership

40 4040 4040 40 A 3,840.

AG 109,257.

Z 22,282.

0.

26,122.

26,122.

X

X

Partner 1














































Partner 1: Powell IP 26-4714271


CHEYENNE, WY 82001 888-660-8159

October 17, 2019Felfran Investments1303 W Walnut Hill Ln. #303Irving, TX 75038


Dear Felfran Investments:



Sincerely,


Enclosure(s)


OMB No. 1545-0123(Form 1065) 2018






5 Interest income

















Beginning Ending





Other (explain)


Yes No


PTPA0312L 08/31/18

22,283.

83-10168223,840.


e-file

82-3205875

Felfran Investments1303 W Walnut Hill Ln. #303Irving, TX 75038

X

X

Partnership

40 4040 4040 40 A 3,840.

AG 109,256.

Z 22,283.

0.

26,123.

26,123.

X

X

Partner 2














































Partner 2: Felfran Investments 82-3205875


CHEYENNE, WY 82001 888-660-8159

October 17, 2019RCMG, LLC1908 Thomes Ave.Cheyenne, WY 82001


Dear RCMG, LLC:



Sincerely,


Enclosure(s)


OMB No. 1545-0123(Form 1065) 2018






5 Interest income

















Beginning Ending





Other (explain)


Yes No


PTPA0312L 08/31/18

5,571.

83-1016822960.


e-file

82-1224578

RCMG, LLC1908 Thomes Ave.Cheyenne, WY 82001

X

X

Partnership

10 1010 1010 10 A 960.

AG 27,314.

Z 5,571.

0.

6,531.

6,531.

X

X

Partner 3














































Partner 3: RCMG, LLC 82-1224578


CHEYENNE, WY 82001 888-660-8159

October 17, 2019Marcy OlsonVision 2-0, LLCPO Box 1722Tahoe City, CA 96145


Dear Marcy Olson:



Sincerely,


Enclosure(s)