EFTA01280181.pdf

4 651112 Schedule K-1 (Form 1065) 2012 [-M Final K-1 (---i Amended K-I OMB No. 1545-0099 A or caliwidar rm.? 2012. or ins Part ill Partner's Share of Current Year Income. Department of the treasury „„,, 54.5.5,..4 Deductions, Credits, and Other Items internal Revenue Service ,,,,,,, I Ordinary business income (loss) 15 Credits Partner's Share of Income, Deductions, <100,000.> I Credits, etc. so. See separate Instructions. 2 Newts Mg *SU inmost (Win I 16 Foreign transactions Part I Information About the Partnership 3 Other net rental income (loss) I A Partnersne s eimuouet identification number 4 Guaranteed payments iiimpplillress. city. state and ZIP code 5 Interest income I AL PARTNERS, LLC es Ordinary dividends 86 HIDDEN RIDGE DRIVE 17 Alternative min lax (AMT) items I SYOSSET, NY 11791 60 Oualthed dividends C IRS Centre where partnership hied return I CINCINNATI, OH 7 Royalties I IS ax-exempt income and D i -I Check A this is a publicly traded partnership (PTP) 0 Net short-term capital gain (loss) nondeductible expenses Part II Information About the Partner 9a Net long-term capital gain (loss) I number 90 Collectibles (28%) gain (loss) 19 Distributions I F Partners I Lim e. address. city. state, and ZIP code 9e Unrecaplured sec 1250 gain [ 20 Other information BLUE CHIP CAPITAL LLC 10 Net section 1231 gain (lesS) 329 SEABREEZE AVENUE PALM BEACH, FL 33480 11 Other income (loss) 0 L._..! General partner or LLC I X I Limited partner or other LLC member-manager member II FL Domestic partner 0 Foreign partner I II What type of entity is this partner? PARTNERSHIP 12 Section 179 deduction 12 II this partner is a retirement plan (IRIVSEPiKeoghretc.). check here LI J Partner's share of profit, loss, and capital: 13 Other deductions Beginning Ending Prole 0.0000000% 0.0000000% Loss 0.0000000% 0.0000000% Capital 0.0000000% 0 . 0 0 0 0 0 0 0% 14 Seff employment earnings Coss) K Partners share of liabilities at year end: A 0. Nonrecoutse $ If I Qualified norwecourse financing $ 'See attached statement for additional in ormation. Recourse $ 0. I. Partners capital account analysis: Beginning capital account S .2. Capital contributed during the year $ 100,000.8 Cul f ent year inoease (decreaSe) $ <100,000.7g Withdrawals & distributions S ) 2 Ending capital account $ 0 . 5, G: Iii Tax basis CI GMP LI] Section 704(b) book Li Other (explain) M Did the partner contribute property with a built-in gain or loss? LI Yee DC No II Yes', attach statement (see instructions) a I.cui.ii I_FIA For Paperwork Reduction Act Notice. see lestructIons for Form 1065. IRS.00vilorm1065 Schedule K- I (Form 10651 2012 cciRritirKrnsArt 4 18060814 146773 ELK0020 ELK00202 SDNY_GM_00033012 EFIA_00143625 EFTA01280181  AL PARTNERS, LLC 83-0514382 SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION AMOUNT TOTALS ORDINARY INCOME (LOSS) -100,000. SCHEDULE K-1 INCOME SUBTOTAL -100,000. NET INCOME (LOSS) PER SCHEDULE K-1 -100,000. TOTAL TO SCHEDULE K-1, ITEM L -100,000. PARTNER NUMBER 4 18060814 146773 ELK0020 cdN ribtinsAtc s::: 2: 3013 EFTA 00143626 EFTA01280182  4 Schedule K-1 (Form 1065) 2012 Pacie 2 Tlili litt Maneli., the codes used on Schedule K-1 for all partnera and provides summarized reporting information lor partner‚ who file Form 1040. For detalled reportiag and tilina informallow see the separate Partnera Instructiona for Schedule K-1 and the inetructions for your income raa return. CoCe Nepot on t. Ctøterry krewna tecorro Werk Danam,. Pkin!. Mb rewio 4-wel J ant °orana. C,a31 Pannt a ~ann. T.d le.te Cn nMan ss ledo,» K Uwabi«) a:Co» OØ t Emperawnrom raw ano ton". „ Wat on COnenwnet, 9.990flrd 9~d SN t* Padw( ateinwbOna Pann01046 M Cieci 9"Cleasnd ,494arch Sar me PerInersbedneCelon• Pae.serunarr• ac1MleaS Smrek» E. We 28. Www 191 Ncnpaa kra N 09011br graby. woal ~ary %%Pt% E. art. 28, Witam 911 4~2~1 inaptrl• Y.6 ~Cap Naw Sawo.% E. We 28. colom W O 13461.9 vethmtlate. 2 Noi rental rcyl Nyp InComo (km) See ~Partnera ~Was P Olter OWI% 3 Otna ret rental tramo ~1 Fel patena ~0E. bw 28. Wlew (Fe 16 fDar ~Werono A 9~04 ccureby ca, U S. 1 Nerka. Sw Po PRIMY% kweruCtrons Civeremeed lavyments SlMedur• E. We medyk. (9 potwesion 5 venrep morce Fon 1940. was B Gree.opne*analeweN Form 1116. PN. I Sa Cebery dnedreelle Ferm 1040. bw Se C Graiła ~me savtao0 at INIn7, 70 Fn Ovatted areeleetz Form 1040. tre 90 nu)aduce$ SotteekrNE. We 4 F08610 Does neonka sand N Pallatann lev$ e. N49 sne91,e9rm cepra, gen ton{) ~tle O. w5 • Pałamy. caNgOry 98. Net Iong-term racmi gen!Ø! Sbe}rN 0. bw 12 28% Bale Cen W0f997~. Ww 4 E C.9.0.41 C.91.9079 ) Fann 11.6, Part l 90 OcalecteRte War% cont dowl F Odlew (Suwaka* 0 Perructend • Llreacep Wed ~Ww 1293 gap Sw the Partner% Inatruceerkt Ocdoclicas 290cdt.9) end 9(9909~11 9199/1/9, Ww* 10 Net eptc. 1231 pae~ See me Panna% insitneteore G ;Maik. 9~ Farm 1(10 Perl r w Om« ppr% Oo») N 05.9e Form I 116. PW I Dale Orelwreps ~W rwa 3400, 90.øø M Danin!~ Wwal la for•We witce A OTher peelforio (morw Wew. 999199 Parnot'. lneatabeete wen tl nvokertsy comwelone Sera Pw Partner* drunacceins I Panna <wew% C Sw 1256 ~ela ettaCOW. Form 6781. Bk. J Owena parwy Fam 1119- Pup D Mlew; apkwelion<cdte recepta* See Pub $36 E Cna.» NOWI K Oma Farm 1040. We 21 or Fam 962 Jr F Oliw Parw Woal Sse de Perbter's n999CtiOrill Otaw młornvocet [Wal %opr tpn pee4 Form 1118, Pul 12 Sectron l 79 ~KP Sn rh* PMØ s MCsuCtICris M Tond ten %pa wer ani Form W Itl. Pan 13. Otaw cledtanorte N Freltaeon %ps pelple ondit Fam 1115. We 12 A Car. creettutions 60%; O b meny, trawa gross reesrpte Farm 8673 • Celi C<WO401.99, 130%I P F reatencotpl Pcw.* pckpron Form MW C Nercash cceveatioes 60141 O OM. ;pean trffirmactiors See w ParIng4 s inaterCle0na O NO9Cash CaOlt9t10.1% 130141 $ee me PS% irpectewe E Cwale' Dw Graty P a 50% 17 Aprerneye mpw.. las µMT) now organtratp. (30%1 } A 909I- R.86 nepreeration aduelment F ~PP reeoedv (2014 i 01 Centnbuiron• ;CO%) • Adusle.1 Clate Of koka sad Pre Paliw% Fon 4952. We I C Deolew. wew tar ce A pw eputtwes end knergreent planet Piwni. I Saw:MeE. lew 19 O Oe. gw. 8 Dertnennel wop meom. mo instrwIrren ka ~Wam • royalty resor% J Srace SON1.21Pperteittne SN en. PsinaN Inetnectlern. E Ol, (prs. ocktinanul • apteleers ram 6251 K O•clucecen • pcp/foro 6% Øl SCI9)041A. ans n F OM« AM T PP% L DediK00111 ~Hen? tome; Scee A. Sw 28 le Taprxempt mara and ece~etløppladwa M Arnowta pad 1p ~cel Plerance Saredukr Ine Iw Ferm WW. Ono 29 A Tappeept Peres; epome Fam 1010. win N Edyadknal ~lance ben.% Sar %e Patat Insbuctrone B OP« terenem% erecew See ~Pers% 9113/fuCtKas O Dependent cep Ww.% Fam 2441, Ir* 12 C Noeorwelpkt mpensas Sp IN Parteers helnactrons P PrIelOduCtKe 9~0d •apenS99 Sn ~Partner% kninwbork. O Corrrnecialsowarwrbon cledwiron 19 Osinlakt.ons Sw Farm 8582 Porn gontali roi galar» 4K7rob« A Cpn end maiplatle popem R Pewexie pa IRA* SelreleParleteretrolne.0% • Oleintru..r dcl lo witce W 7 } See Me Padnie% Inerruckere. S Rekreetebat pwn* %Owi.. 54•9 Zh• P9/99)(91~0en• C Omy POP..? T Donos% proGAton auentree Sw Fam 8903 Watelate. Oma nicnnr,cm Pormenron A Pneretneni Pcw» Form 4952, line 45 U Cudni.] peOrluCOCel sedar modnie Form 8903. kne 70 ▪ 19,919~9 4~3 Lønn 4952. eie 5 ✓ E997,0797.5 roni Vd • 2 wapn. Fon. 8903. iw ti C I tal ta. cna/ 970,9, 990r, W Otne ~wip% Form 4136 S44. ne Palnef '9 HTIPX9Otia O 094•194 fobabil.I4NOn a`PanC919,7% 1.0~I triar,r•fltal pul c41.9.91 Sse ero Pene". Innucliont Ii $9199,79.0YnOnt WMfloa (10Icn E Ben ca wag‚ 1~N S« me Psina% Inetnemone F ~PP cl bw -.ode% mantry NON 79. 98.9 e 94C1Kon 179 00.9.KOOK Of any psalrer.99.99 09auchena, we creckt Nechon 42(952 Lam 8441 1. ane Me Partnera le*Instircee bobo crokne0 Suwne.% O 9«.0199$00110•,n09/19 nouieno Ą Net emnes POPI Porn $mady%5E. Salw A a an:14 MPW) Form 8611, We serneenaloymeek itt Recepta ot Piwem% °adn See Fam 4255 B aro« firn.. Co saling Pc,» Sor. Me Palmet adrenrebons cleceptore a oma- «carte Ses me Pitne** InetructIons C Gem nontrarm PCW% Sse Pw Primą% ~Ss J LOOkiNKli COMDIned law-tam COEW•ag Sse Forn 8697 1S °Wda K 1004-Oeck nteton Øbanal A Lopencorre hopeadg CYPR ~Mcd Ser Form 8666 (aWN:. 421)55Porn Ln92099) L 0400.11one of ower% *dr, Ovnin99 »Ww 179 clecluctIone B LOW~9)79,91n9 ronwl M ~Ottaw WWW. 1 79 *Www bom pą9-2004 tuldnga N PlwamY9aleab COrperete ~trep C LOw...700ma 90uang Crtilit Ia~n O 599~ 49911791,9779•74~ 42(9611 tom post- 2007 Puddingi P 59COCn 453/4O)199911~ • tcwancome nowina Crealt wew) See w Partree% Inabuctras O SKIP. 1210110 eracrmwen kom Fost-700/ Calcarew Fl tntepal Sabre tO peXlianCe $w Me Poinee E Ouelnked rerzedeetee 0.64ndaufas Weirurnaons dCPN fes, ewa( S CCF nee<9.991•0 enr_heenta F Otbee nielel HP (astat* cwana T DripPod rdariabon , ol te. 94. O OM. Piter oo.% H Unosi- 822%0 Caerlab Owa crede J Ferm 1040, kw 71. <twa bor a U Amoretwon M ,910f.nal119, aby ✓ (191•41990 19.9~ tAaabd• nora I Aldon.. end %aulo.< monde 4.15 Sw In•PartrelsInetrwIlone W PreCOnntnibOn 997r kał netem X Section 10%ptcrmacee Y Oliw PlcreuNan 2" 1262 Or 03~13 4 cdKrlibtPwrisAit 18060814 146773 ELK0020 ELK00202 SDNY_GM 00033014 EFTA 00143627 EFTA01280183  ELLIOT L. KAPLAN, CPA 56 BRYANT AVENUE EDISON, NJ 08820 AUGUST 14, 2013 BLUE CHIP CAPITAL LLC 329 SEABREEZE AVENUE PALM BEACH, FL 33480 RE: AL PARTNERS, LLC DEAR MEMBER: ATTACHED IS YOUR COPY OF THE 2012 PARTNERSHIP FORM 1065 SCHEDULE K-1. THIS SCHEDULE SUMMARIZES YOUR INFORMATION FROM THE PARTNERSHIP. THIS INFORMATION HAS BEEN PROVIDED TO THE INTERNAL REVENUE SERVICE WITH THE U.S. PARTNERSHIP RETURN OF INCOME, FORM 1065. THE INFORMATION PROVIDED ON THIS SCHEDULE SHOULD BE ENTERED ON YOUR TAX RETURN, IN ACCORDANCE WITH THE INSTRUCTIONS IN SCHEDULE K-1, PAGE 2. IF YOUR RETURN WILL BE PREPARED BY YOUR ACCOUNTANT OR ATTORNEY, YOU SHOULD PROVIDE A COPY OF THIS SCHEDULE TO THE PREPARER WITH YOUR OTHER TAX INFORMATION. WE THANK YOU FOR THE OPPORTUNITY TO SERVE YOU. VERY TRULY YOURS, ELLIOT L. KAPLAN CONFIDENTIAL SDNY_GM_00033015 EFTA_00143628 EFTA01280184  New York State Department of Taxation and Fiance 2012 New York Partner's Schedule K-1 IT-204-IP Tax Law - Article 22 (Personal Income Tax) 4 For calendar year 2012 or tax year beginning Et Final K-1 and ending Amended K-1 Partners: Before completing your income tax return, see Form IT.204.1P.1, Partner's lnstructons for Form IT. 204'IP (available I www.tax.ny.go v). Partnership's information (see anstruCtions) Partnership's name (as shown on Form 1T-204) AL PARTNERS, LLC A Mark an X in the box il either applies to your entity Publicly traded partnership El Portfolio investment partnership B Tax shelter registration number. If any 8 C Business allocation percentage C Partner's information (see ',initiator's) Partners name Partner's dent number BLUE CHIP CAPITAL LLC Partner's address 329 SEABREEZE AVENUE City stale ZIP code PALM BEACH FL 33480 D The partner Is n X V* 190, 0170.110 004 C General partner or LEG member manager al Lir:tett partner or other LLC member E what is the tax fang status of the partner? f.nrk an X it me a0PrOOSSIO bon. /km,. Individual El Estate/trust [XI Partnership F If the partner's a disregarded entity or grantor trust. enter the tax ID of the entity or ndwectuW reporting the income. if known 0 DM the partner sell its entire interest during the tax year? G Yes Q No DO H Partner's shared profit loss. and capital Beginning Ending 1) Profit 0.0000 % 0.0000 HI % 2) Loss „ . H2 0.0000 % 0.0000 , 3) Capital . H3 0.0000 % 0.0000 yr, i Partner's share of kibilltiss at the end of the year 1) Nonrecourse II 2) Qualified nonrecourse financing 12 3) Recourse . . 13 J Partner's capital account analysis 1) Beginning capital account J1 2) Capital contributed during the year • cash . J2 100,000. 3) Capital contributed during the year' property J3 4) Current year increase (decrease) J4 100,000. 5) Withdrawals and distributions - cash J5 6) Withdrawals and distributions • property J6 7) Ending capital account J7 8) Method of accounting (mark an x in the appropriate box) CE Tax basis C GAAP Iji Book I I Other (submit expianaeore K Resident status (mark an x in all boxes that levy) C NYS fultyear resident I I Yonkers full-year resident O NYC fufiyear resident =I NYS part-year resident L_I Yonkers part•year resident NYC part-year resident MI NYS nonresident El Yonkers nonresident L If the partner was included n a group retUrn, enter the Special NYS identification number, if known L 118001121019 288151 11.19- 12 CONFIDENTIAL SDNY_GM_00033016 EFTA_00143629 EFTA01280185  Par 2 of 4 IT-204-IP (2012) M 1) Was Form IT 2658•E fled with the partnership? M1 Yes C No 0 2) Was Form h1TA 405E filed with the partnership? M2 Yes C No ED N NYS estimated tax paid on behalf of partner (from Form IT-26581 Date Amount 1) First installment N1 2) Second installment N2 3) Third installment N3 4) Fourth installment 144 Total NYS estimated tax paid on behalf of partner (000 tries NI through N4) N O Estimated MCTMT paid on behalf of partner (from Form MTA-405) Date Amount 1) First installment 01 2) Second installment 02 3) Third installment 03 4) Fourth installment 04 Total estimated MCTMT paid on behalf of partner (add tines 01 through CA) 0 Partner's share of income, deductions, etc. A - Partners clistnbutive share items B - Federal K-1 amount C - Now York State amount 1 Ordinary business income (loss) 1 - 100,000. 1 - 100,000. 2 Net rental real estate income (loss) 2 2 3 Other net rental income floss) 3 3 4 Guaranteed payments 4 4 5 Interest income 5 5 8 Ordinary dividends 6 6 7 Royalties 7 7 8 Net short4enn capital gain (loss) 8 8 9 Net long-term capital gain (loss) 9 9 10 Net section 1231 gun (loss) 10 10 11 Other income (loss) Identify: 11 11 12 Section 179 deduction 12 12 13 Other deductions Identify: 13 13 14 Tax preference items for minimum tax 14 14 Identify, 15 Net earnings (lass) from self employment 15 15 18 Tax•exempt income and nondeductible expenses 16 16 17 Distributions - cash and marketable securities 17 17 18 Oistnbutlons • other property 18 18 19 Other items not included above that are required to be reported separateN to partners 19 19 Identify Partner's share of New York modifications (see ostructrons) 20 Nt,w York Stale addit>onf. Number A - Total amount B - New York State allocated amount 20a EA - 200 EA- 20c EA- 20d EA- 20e EA- 20f EA- 21 Total addition modifications (total of column A. linen 20a through 20t) 21 118002121019 7864,52 • CONFIDENTIAL SDNY_GM_00033017 EFTA_00143630 EFTA01280186  IT-204-IP 12012) Page 3 of 4 Partner's share of New York modificationsicentinuech 22 New York State subtractions Number A - Total amount B - New York State allocated amount 22a ES- 226 ES- 22c ES- 22d ES- 22e ES- 221 ES- 23 Total subtraction modifications (total of column A. hoes 22a through 22* 23 20 Additions to federal itemized deductions Letter Amount 24a 24b 24c 24d 244 29( 25 Total additions to federal itemized deductions (add hoes 24a through 240 25 26 Subtractions from federal itemized deductions Letter Amount 28a 28b 26c 26d 26e 26f 27 Total subtractions from federal itemized deductions (add Imes 26a through 260 27 28 New York adjustments to tax preference dens 28 Partner's other information 29a Partners share of Now York source gross income 29a 2% MCTD atlocatron percentage (see inStructrons) 2% Partner's credit information Part 1 - Flow-through credit bases and factors Brownfield redevelopment tax credit !Form!(-61I or IT-611.1) A Form IT-811 8 - Form IT-811.1 30 Site p•epa'atan credit component 30 30 31 Tangible property credit component 31 31 32 On.srte groundwater remediation credit component 32 32 11800 3121019 lIIINIIIIIIIINIIIIIIIHIIIII CONFIDENTIAL SDNY_GM_00033018 EFTA_00143631 EFTA01280187  Page 4 of 4 IT-204.417 (2012) Partner's credit information (continued) U capital tax credit (Form17-602) 33 Contributions of money to EZ community development projects 33 34 Recapture c4 credit for investments in certified EZ businesses 34 35 Recapture of credit for contributions of money to EZ community development projects 35 QEZE tax reduction credit (Form I7-604) 38 QEZE employment increase facto 38 37 QEZE zone allocation factor 37 38 QEZE benefit period facto 38 Excelsior jobs program tax credit (Forma-607) 39 Excelsior jobs tax credit component . 39 40 Excelsior investment tax credit component . , 40 41 Excelsior research and development tax credit component 41 42 Excelsior real property tax credit component 42 Farmers' school tax credit (Form 17-217) 43 Acres of qualified agricdtural property 43 44 Acres of qualified conservation property 44 45 Elgible school district property taxes paid 45 46 Acres of qualified agricultural property converted to nonqualdred use 48 Other flow-through credit bases and factors Credit bases Code Amount Code Amount 47a 47d 47b 47e 47c 471 Credit factors Code Factor Cods Factor Cods Factor 47q 471 47k 47h 47i 471 Part 2 - Flow-through credits, addbacks and recaptures 48 Longterm care insurance credit (Form 17-249) 48 49 Investment Credit (including employment incentive credit and historic barn rehabilitation credit; Form 17-212)40 50 Research and development • Investment credit (Form IT-212) 80 51 Other flow through credits Code Amount Code Amount 51a 51e 51b 51f 51c 51g 51d 51h 52 Addbacks of credits and recaptures Cods Amount Cods Amount 52a 52d 526 52e 52c 521 118004121019 288862 i'.19.12 CONFIDENTIAL SontGfa_000aaotti EFTA 00143632 EFTA01280188