EFTA01128322.pdf

sury Department of the Trea Internal Revenue Service CXXXXX PO BOX 409105 XXXXXXXXIOCXXXXM Ogden UT 84401 XXXXXX XXXXX)OOCXXXXXXX COOCXX XX)OOOOOOOOOOOOO ANY INC FINANCIAL TRUST COMP XVOCXX)OOOOOOOOO OCXXXX % PAUL HOFFMAN B3 6100 RED HOOK QTRS STE XX1OOOOOOOOOOCXX XXXXXX ST THOMAS VI 00802-1 34 8 OOOOC MOCCOCCXXXXX)OOOO RECEIVED DEC 21 2010 Financial That Co. EFTA01128322 Department of the Treasury Mall Stop: 4520 Internal Revenue Service Date: December 20, 2010 PO BOX 409105 Ogden, UT 84401 Taxpayer Identification Number: 66-0567418 Tax Year(s): 2007 Person to Contact: Ms. Jasman Contact Identification Number: 0728034 FINANCIAL TRUST COMPANY INC Contact Telephone Number/Fax Number: % PAUL HOFFMAN (801) 620-2456 / (801) 620.2414 6100 RED HOOK QTRS STE B3 Not a toll free number ST THOMAS VI 00802-1348 Contact Hours/Days: 7 a.m. • 1 p.m. Mountain Time Monday - Friday Partnership/S Corporation: Prentice Capital Partners OP LP Tax Identification Number: 73-1728934 Dear Dear Mr. Hoffman: rs QP LP, 73-1728934, for tax year(s) The partnership in which you have invested, Prentice Capital Partne nation. Any changes made to the 2007, is subject to possible adjustments from a TEFRA exami in a corresponding adjustment to your partnership's return as a result of this examination may result return as well. identification number shown on the Our records show that there has not been a return filed for the ments, please check your records Schedule K-1. In order to accurately make any necessary adjust are repotted. and advise us where the amounts shown on the Schedule K-1 on a taxpayer account is governed by Older returns are still needed. The normal Statute of Limitations the due date of the return or the date the IRC §6501 which states that the statute expires three years from ion enacted in 1982 ensures the statute return was filed, whichever was later. However, the TEFRA provis §6229). This means since the statute is on a flow-through issue is protected at the partnership level (IRC any taxpayer who is an investor in a held open and protected at the partnership level, the statute of protected as long as the flow-through issue TEFRA partnership under examination is also held open and t the Tax Matters Partner for Prentice is unresolved. If you have additional questions, you may contac sibility to provide this information to Capital Partners QP LP. The Tax Matters Partner has the respon investors. this letter. Please include your phone Please mail or fax your response within 30 days of the date of letter in your reply. On the top of your number, convenient hours we may reach you, and a copy of this no longer have copies of the requested return, please write in red "COPY DO NOT PROCESS." If you account as quickly as possible. retum(s), please reply to us so we may continue to process your your account using only the information If we do not receive a copy of your return, we will have to adjust incorrect and potentially higher tax we have available. This will likely result in your receiving an assessment. TTE 4 (Rev. 06-2010) EFTA01128323 In most cases, you will not need to file an amended Federal tax return regarding the examination of the partnership. We will niake the necessary adjustments to your tax account. If you have questions about this matter, please contact the person whose name, telephone number, and contact hours appear above. Unfortunately, long-distance charges will apply if the number is outside your local calling area; however, this person is best qualified to answer any questions you may have about this matter. If you prefer, you may call the Internal Revenue Service phone number listed in your local telephone directory. We apologize for this inconvenience. Sincerely, ifs. 'adman Ms. Jasman Tax Technician Exam Field Support Enclosure(s): Copy of this letter Envelope Copy of K-1 Notice 609 TTE 4 (Rev. 06-2010) EFTA01128324 Department of the Treasury Internal Revenue Service Mall Stop: 4520 PO BOX 409105 Date: December 20, 2010 Ogden, UT 84401 Taxpayer Identification Number: 66.0567418 Tax Year(s): 2007 Person to Contact: Ms. Jasman Contact Identification Number: FINANCIAL TRUST COMPANY INC 0728034 % PAUL HOFFMAN Contact Telephone Number/Fax Number: 6100 RED HOOK QTRS STE B3 (801) 620.2456 / (801) 620-2414 ST THOMAS VI 00802-1348 Not a toll free number Contact Hours/Days: 7 a.m. • 1 p.m. Mountain Time Monday • Friday Partnership/S Corporation: Prentice Capital Partners OP U' Tax Identification Number: 73-1728934 Dear Dear Mr. Hoffman: The partnership in which you have invested, Prentice Capital Partners QP LP, 73-1728934, for tax year(s) 2007, is subject to possible adjustments from a TEFRA examination. Any changes made to the partnership's return as a result of this examination may result in a corresponding adjustment to your return as well. Our records show that there has not been a return filed for the identification number shown on the Schedule K-1. In order to accurately make any necessary adjustments, please check your records and advise us where the amounts shown on the Schedule K-1 are reported. Older returns are still needed. The normal Statute of Limitations on a taxpayer account is governed by IRC §6501 which states that the statute expires three years from the due date of the retum or the date the return was filed, whichever was later. However, the TEFRA provision enacted in 1982 ensures the statute on a flow-through issue is protected at the partnership level (IRC §6229). This means since the statute is held open and protected at the partnership level, the statute of any taxpayer who is an investor in a TEFRA partnership under examination is also held open and protected as long as the flow-through issue is unresolved. If you have additional questions, you may contact the Tax Matters Partner for Prentice Capital Partners QP LP. The Tax Matters Partner has the responsibility to provide this information to investors. Please mail or fax your response within 30 days of the date of this letter. Please include your phone number, convenient hours we may reach you, and a copy of this letter in your reply. On the top of your return, please write in red "COPY DO NOT PROCESS." If you no longer have copies of the requested retum(s), please reply to us so we may continue to process your account as quickly as possible. If we do not receive a copy of your return, we will have to adjust your account using only the information we have available. This will likely result in your receiving an incorrect and potentially higher tax assessment. TTE 4 (Rev. 06-2010) EFTA01128325 In most cases, you will not need to file an amended Federal tax return regarding the examination of the partnership. We will make the necessary adjustments to your tax account. If you have questions about this matter, please contact the person whose name, telephone number, and contact hours appear above. Unfortunately, long-distance charges will apply if the number is outside your local calling area; however, this person is best qualified to answer any questions you may have about this matter. If you prefer, you may call the Internal Revenue Service phone number listed in your local telephone directory. We apologize for this inconvenience. Sincerely, Me. Jam= Ms. Jasman Tax Technician Exam Field Support Enclosure(s): Copy of this letter Envelope Copy of K-1 Notice 609 TTE 4 (Rev. 06-2010) EFTA01128326  In final K.1 ArnitiVed K.I OUR No. 15464:099 Schedule K-1 1- UV I Part III Partner's Share of Current Year Income, (Form 1065) For calendar year 2007. or lax Deductions, Credits, and Other Items Department of the TTTTTlay year besinrina 1 Ofeleitiry Dothan IliCanie (loss/ 15 Creills Internal Revenue Sento ending Partner's Share of Income, Deductions, 2 NM rental real ettele Income (Joss) Credits, etc. l• Soo back el loan me Hearses lestressises. 3 Other nel rental Amami tloss) 16 Foreign Vertiewora Part I Information About the Partnership A VARIOUS A Pliftlenhps employer stonlikaan number 4 Ouronlood payments 73-1728934 e 742,822 B Pamorships name. address. csly, slate. and ZIP cede 5 rarest tome PRENTi CO CAPITAL PARTNERS QP, L.P. C (18,556) 623 Fine AVENUE, 32ND FLOOR II Ordinary amends NEN YORK, NY 10022 I) 1,169 60 Quellled Oviderds 0 27,531 C IRS Card., when Panner5HP MOO (Hun, 7 Royekts OGDEN, UT 8 NM $117n-loan DOW 96n 0041) D Check it this is a petlicly Boded portneriMp (PTP) fla Net lettlarril apts. sari (loss) 17 Allemalkee rearirraim In (µT) Kenn Part II Information About the Partner It Catedltles (2S%) gen lion).; E l number Sc Unrecaplund Sedan 1250 geln, , F Partners name address. vv. male. end ZIP code Palm( IN1 N'..'/ FINANCIAL TRUST COMPANY, INC. .... ,... ''' • 6100 RED HOOK QUARTER, STE B-3 10 'NM Wien 1231 saln(loss) .'' .1',. is Tonicrewq fah* and ST THOMAS, US VIRGIN ISLANDS 00802 i l Nt.h nondeductible expenses 11 .1 ClherE)COMOOOSO i i. r O r , % , /.- (201,662) 0 ❑General partner or LID El tehadittrineroldthoiTh.A.0 '' Fe l 1 `1 557,4( 5 merreer.moneger Minter 1 \ /I \ . H F3 Oomeslie partner . Forelgn potter 1 i '14.. 12., $edlon1796xludin It Oitivitulkus / I ..) 13 tewiracencen A I Mat type *fenny Is Ws earner? CORPORATION .. Go 27,531 J Penner, share cd profitless. and CORK eaelnaleg lading 20 COW Inlennidion Prat VARIOUS VARIOUS Loss VARIOUS VARIOUS V* SEE SINT Capitol VARIOUS 6.11311 14 SelleMOleyinenl earnings (Sass) Mt SEE SPOT I( NOW. Share or liablIdles al year end' Mcnrocourso Quelled nenreoaurse Malkin] Ro:CurSO 'See attached statement for additional Information. L Perkier(' ceposi account analysis' Beginning capital account . . . 15,135,796 COIN ccontruted &Ono ihe year (2,016,152) : Current yew Increase (deueeso) . D mamas I cOsinbubons . . . to IX Ending cant., account . . . 13,119,637 O U. . Tax WSJ. Ei GPAP • Section 704(b) book 00enor (explen) For Paperwork Reduction Act Notice. see Instructions for Fenn 1066. EFTA01128327 SC.4143thita K.1 (Form 1065) 2007 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 reporting and filing information, see the separate Partners Instructions for Schedule I4.1 and the instructions for your income tax return. 1. ordinary business Income (less). You must first determine whether the Code Roporl On Income (loss) is passive or noripassree Then erect an yotr return as K En1pOwlyinp11 zone and rennet' Idlows COMMuney OMMOyinent creel Form 8844, Ices 3 RePOrl on L Credit kie incioasng research Paint loss See the PartherS Instructions adivaes Panne inform Sc eilde E. line 28. Column (g) M Nen makers credit / Sect the Partners Intel/0qm Nonpassive Foss Sche&se E. line 28. adumn (h) N Grail for erroloyer social security Norpostiee income Sc1140,0 E. In, 28. °durum 0) rd Medics* taxes 2. Net reMal real estate Income (loss) See me Partners Instructions 0 BackupMirth:Wog Form 1040. M004 3. Other net rental Income Bassi P Other Neils See the Partners Instriol ohs Nel Income Schedule E. In, 28. colcenn (g) 16. Foreign transactions trot loss See Me Partners thieve-bons A Name of country or U S. 4. GuaraMeed payments SChedile E. hie 28. coluim 0) possession 6. Interest Income Form 1040. line Si B Gross income Iron al sources Form 1118. Pan I GE Ordinary dividends Form 1040, line Si C Gross income sourced at partner 11 GO. Qualified dividends Form 1040 toe fib level 7. Royalties Schedule E. Ine 4 Foreign gross income sourced al PaleorognP Jowl a. Not ShOitterm capital gain floss) Schedule 0. line 5. cdornn (f) O Passive category 9a. Net long4enn capital gain (loss) Sandal, 0, line 12. column (I) E &morel category ry I Fonn 1116, Part I 90. Collectibles (it%) gain (loss) 28% Rate Gain Vikirkshiset. fire 4 F Cesar (SChedule D vitro:tons) Deductions altocatod and appOrloned of partner level 9c. Uniciaptured section 1260 gain Set the Partners Instmcbons • Mores, expense Form 1118 Pan I 10. Net seCtIon 1231 gain (loss) Soo the Partners Instructions H Other Foos 1116, Pan I It Other Income floss) Declections alticaled and appadoned at partnersMplevel Coda to foreign source income A Cmar pOrtfolo income (loss) See the Partner's Instructions I Passive category B Ineaureary oonveisre Soo the Partners Instructions J Gime& coiner), Form 1116. Pail I C Sec 1256 contracts & Mractilles Form 6781. line 1 K Other O Miring coporabon costs recapture See Pub 515 aner information E Canoolanon ordeal Form 1040, hoe 210t Feiem 982 L Total foreign laves pad Form 1116. Pan II F Other ncome (l03S) See tve Partners InStruChans M Total Vogl lanes accrued Fans 1116. Part II 12. Section 179 deduction See the Pants InSIntlians Reduction in taxes available for Credit Fans 1118 kw 12 13. Other deductions O Foreign Vain) gross receipts Form 8873 A Cash cortibutiOns (50%) P Extralornalal income eadistiOn bconto373 B Cash corinbulans (30%) 0 Other forage, transacsons See the Partner's Instructions C Non:ash ceitntutiom (50%) Sea the Pannes 17. Alternative minimum tax (Ala) Rems • Noncash contnbthiOnS (30%) Instrucbons A Post.106 dirmaton **Montt } E Caoralgain property to a 50% B Mush:again or loss • See In Partners organizabon (30%) C Depletion (oiler than or: 8 Oat) Instructions and F Geoid gain property 120%) 0 Of gos, 6 geothermal—gross income the inS1/1.00XIS for • Inmstment Moron expense form 4952, lino 1 •h E 01. gas. S. 9*011C1111X--0410a11 Fonn(1251 H Oeductions—royally income Sch&kile E. Ire 10 F Other AMT items I Section 59(0(2) experaures See the Partners Instructions 18. Tax-exempt Income and nondeductible *ripen a J DoduCtions—porttoto (7% e000 Schedule A. line 23 A lax-exempt imotest income Form 1040, Me Ott K DeduclOns—portlofio Comp) Schedule A, line 28 ) B Other tex-exernpl income Soo Me Pinner% Intim:tons L Amain:I paid for medial insurance Schedule A 'no 1 Cr Form 1040 C NondeiduTt tile expenses See tie Palsies Instructions lino 29 19. Disldbutions M Educational assistance benefits See the Fanners tlittliTSOns A Cash and markerado secinties Soo the Parinces 'narwhals N Dependent care benefits Form 2441. lino 14 B Other property See the Partners Instructions O Reproductive period expenses Soo the Partners Instructions 20. Other Information P Commerce] roittalzalion deduction A Investment income Form 4957 line 4a Iran rental real estate activne I See Form 8582 insoudicns B Investment expenses Form 4952, line 6 O Pensions and IRAs See tie Partners Instructions C RAH la °odd inlorrnalien Ferro 4138 R Rehowstalon capons* deduction See the Partners Instructions to assailed rehabilitation expendeses S Domestic production acliAtes (other than rental irformihon See Fenn 8903 instructions real estate) See the Pasant, Insinxtions T Ovaified production acimraes noon. Form 8933, line 7 E Basis of °nets, peppily See tie Pannell Instructions U Ernabrets Form W.2 wages Form 8903. line IS F Recapture of Impircoma Meitanii ✓ Other deductions See the Partners Instructions Creel (sotto, 421.(5)) Form 8811. line 8 O Recapture of lowincomo Must% 14, Selhemploythent earnings (loss) veil (other) Form 9611. Mel) Not*. 7f 10u nave a section 179 otootradn Or any partner-level dedocnons. see N ReCarJal c4 nvestrneN coda See Ferns 4255 tno Partners hisltuatians Wont completes) SCAeclute SE. I Recapture Of other crafts See ma Pilaw% insIngtais A Nel earnings noss) from Look-back Inlerest—completed sell.ernployrnent SChedise SE. Section A or B loneltnn conned. Soo Form 6697 B Gross tamer* Or saran° mcame See MO Partners !Otto/client K LOOlobOCk Merest —income forecast C Gross nonfarm Income Soo me Partners Instructions method See Form 8866 16. Credits I Cuposicins of Fcripeny ri m A Lowincome hOusing creel socbcn 179dodo:Oen, (section 421)xs)) M Recapture of moon 179 deduction B Low-VICOMO nothing Creel (0APP) N Interest expense for corpora* partners C Quashed iehotilealies experidoures See the Parthees Institotons O Somon 4530)(3) informatnn (rental real estate) P Section 4534(c) irformaton ▪ Other tones, real estate credits O &Mien 1280(0) inIccmation See me Painters E Other tens emits R thieves' steads to prOJVCken thsthicnons F Unclittntheed CtioLII gains creel Form 1040, lino 70. Check box a eipanditures O Gait for alcohol used as tool S CCF nonoirified hitharaNals H Work Opportunity Neel T irrom-alco needed to ' ,pure Soo Po Partners Instructions I Wattare40.werk wedil OCIZie.0.1—Ct3INJ gas J Disabled IrCtlaS CrOcH U Atit0411231co of reforestaten cosh ✓ Urn:WM busmen. remote 'eerie W Goner irdommton EFTA01128328  PRENTICE CAPITAL PARTNERS OP.. Partner #6 73.1728934 SCHEDULE K-1 SUPPORTING SCHEDULES FINANCIAL TRUST COMPANY. INC. PART II, ITEM L, CURRENT YEAR INCREASE (DECREASE) INCOME (LOSS) FROM SCH. K-1, BOXES 1 - 11 355,803 LESS: DEDUCTIONS FROM SCH. K-1, BOX 12, 13, 16L & 16M 27,531 TOTAL INCOME (LOSS) PER SCHEDULE K-1 328,272 UNREALIZED GAIN/(LOSS) AND OTHER TEMPORARY DIFFERENCES (2,344,431) TRANSFER IN TRANSFER OUT REDEMPTIONS PAYABLE CURRENT YEAR INCREASE (DECREASE) (2,016,159) BOX 11, CODE C - SECTION 1256 CONTRACTS & STRADDLES NET SECTION 1256 GAIN (LOSS) FROM TRADING ACTIVITIES (201,662) (1040 FILERS ENTER ON FORM 6781, LINE 1, GAIN COL. C (LOSS) COL. B) TOTAL SECTION 1256 CONTRACTS & STRADDLES (201.662) BOX 11, CODE F - OTHER INCOME (LOSS) NET ORDINARY INCOME FROM TRADE OR BUSINESS ACTIVITY BEFORE DIVIDEND INCOME 93,632 (SEE SEPARATE FOOTNOTE BELOW FOR DETAILS) (1040 FILERS ENTER ON SCH. E, PART II. INCOME COL. J, (LOSS) COL. H) TOTAL ORDINARY TRADE OR BUSINESS DIVIDENDS c" 279,970 (1040 FILERS ENTER ON FORM 1040, LINE 9A) (SEE SUPPLEMENTAL FOOTNOTE) TRADE OR BUSINESS CAPITAL GAINS (LOSSES): ' NET SHORT-TERM CAPITAL GAIN (LOSS) ( 715.990 (1040 FILERS ENTER ON SCH. D, LINE5.COL. F) \\\ NET LONG-TERM CAPITAL GAIN (LOSS) \ (532,127) (1040 FILERS ENTER ON SCH. D, LINE 12, COL, F) TOTAL OTHER INCOME (LOSS) \ • ` 557,465 DETAIL OF NET ORDINARY INCOME (LOSS) FROM TRADE OR BUSINESS ACTIVITY BEFORE DIVIDEND INCOME INCLUDED ON SCH. K-1, BOX 11, CODE F: INTEREST INCOME 301,610 IRC SEC. 988 INCOME (LOSS) (FOREIGN CURRENCIES) (757) TRADE OR BUSINESS INTEREST EXPENSE OTHER TRADE OR BUSINESS EXPENSES (387,019) OTHER ORDINARY INCOME 179.798 TOTAL ORDINARY INCOME (LOSS) 93.632 SUPPLEMENTAL FOOTNOTE - DIVIDEND INCOME INCLUDED ON SCH. K-1, BOX 11, CODE F: QUALIFIED DIVIDENDS 5,350 • (1040 FILERS ENTER ON FORM 1040, LINE 9B) BOX 13, CODE G - INVESTMENT INTEREST EXPENSE INVESTMENT INTEREST EXPENSE RELATED TO TRADING ACTIVITIES 27,531 TOTAL INVESTMENT INTEREST EXPENSE 27,531 EFTA01128329  PRENTICE,CAPITALPARTNERS L.P. SCHEDULEK-1 SUPPLEMENTALOP. DETAIL Partner #6 73-1728934 FINANCIALTRUSTCOMPANY.INC. PARTNERFOOTNOTES: PLEASENOTE THATOTHER THAN FOOTNOTEMENTIONEDBELOW,NONEOF THEDISTRIBUTIVESHAREITEMS REPORTEDON SCHEDULEK-1 ARETHE REGULATION SECTION1 469-1T(E)(6)CONSIDEREDAS DERIVEDFROMA PASSIVEACTIVITYUNDERTREASURY THE FUND DISPOSED A PASSIVEACTIVITYIN 2007. PLEASENOTE THATTHEAMOUNTREFLECTEDON LINE 1 OF YOURPRIOR YEAR SCHEDULEK-1SOFWEREFROM THIS INVESTMENTARE INCLUDEDIN LINES 11FPASSIVE INVESTMENT.THEPASSIVECAPITALLOSSESON THEDISPOSITIONOF THIS ARE AS FOLLOWS: SHORT-TERM (142,055) LONG-TERM (554,503) PLEASECONSULTYOURTAX ADVISOR THE K-1 HAS BEENPREPAREDON THE BASISOF A PARTNERWHO DOESNOTMATERIALLYPARTICIPATE IN THE OPERATIONSOF THE PARTNERSH BOX 13, CODE GAS INVESTMENTINTERESTIP.EXPENSE THEREFOREINTEREST AND , IS NOT EXPENSEHAS BEENINCLUDEDIN INCLUDED IN BOX 11, CODEF. 1040 FILERS SHOULDENTER THISAMOUNTON FORM 4952,LINE 1. ANY DEDUCTIBL EINTERESTEXPENSE SHOULDTHENBE ENTEREDON SCHEDULEE, PART II, COLUMN(H). INVESTMENTINCOME/EXP ITEMSIN BOX 11, CODEC AND BOX 11, CODEF HAVENOTBEENINCLUDED IN BOX 20, CODE A AND BOXENSE 20, CODEB. THESE AMOUNTSSHOULDBE CONSIDEREDWHENPREPARING FORM 4952. PLEASECONSULTYOUR TAXADVISOR. DOMESTICPRODUCTIONACTIVITIESINFORMATION,BOX 13. CODESi IN ADDITIONTO THEINFORMATIONPROVIDEDON SCHEDULE K-1. THEPARTNERSHIPPROVIDESTHEFOLLOWINGINFORMATION RELATING TO BOX 13, CODES: ALL OF THEPARTNERSH IP'S ITEMSRELATETO NON-DOMESTICPRODUCTIONACTIVITIES. IF YOUOTHERWISEHAVE SECTION199 ACTIVITIES,PLEASE NOTE THATTHEINFORMATIONNECESSARYFOR PURPOSESOF COMPUTINGTHE GROSSINCOME/GROSSRECEIPTSIS REPORTED IN BOX'11. CODEF. NET OF LOSSESFROM CAPITALASSETS. ADDITIONALINFORMATION,IF NEEDED.IS AVAILABLEUPONREQUEST. FOREIGN GROSSINCOMESOURCEDAT PARTNERSHIPLEVEL,BOX 16. CODED: FOREIGN QUALIFIEDDIVIDENDSARE INCLUDEDIN BOX16, CODED. PLEASECONSULTYOUR TAX ADVISORREGARDINGWHETHER APPEARINGIN BOX 16 FOR PURPOSESADJUSTMEN OF TSSHOULDBE MADETO THISAMOUNTORANY CALCULATIN GOTHERAMOUNTSYOURFOREIGNTM CREDITSON FORM 1116. YOUR ALLOCABLESHAREOF FOREIGNQUALIFIEDDIVIDENDSARE: 245 BOX 20. CODE P: INFORMATIONREGARDINGUNRELATEDBUSINESSTAXABLEINCOME: -- 00.00%OF OF ALL OTHERITEMSOF INCOME/LOSSANDDEDUCTIONSOTHERTHANCAPITAL GAINS/LOSSESAND SECTION1256 GAINS/LOSSESIS UNRELATEDBUSINESSTAXABLEINCOME. - 00.00%OF CAPITALGAINS/LOSSESAND SECTION1256GAINS/LOSSESIS UNRELATEDBUSINESS TAXABLEINCOME. CORPORATEPARTNERSMAY TAKETHE FOLLOWINGDIVIDENDSREPORTEDON SCHEDULEK-1 AS QUALIFYINGFOR THEDIVIDENDSRECEIVEDDEDUCTIONUNDERIRC SECTION243: 5,104 EFTA01128330