Partnership Tax Return Assignment OPTION 2 (PARTNERSHIP TAX RETURN): Form 1065 template with only page 5 (Schedule L) completed. Click this link to do

Partnership Tax Return Assignment OPTION 2 (PARTNERSHIP TAX RETURN):

Form 1065 template with only page 5 (Schedule L) completed.

Click this link to download Form 1065 (Links to an external site.)Links to an external site. from IRS.gov. Complete the return for BADEC.

BADEC Partnership

12/31/2016

Assets

Cash

$485,600

Computer

$7,000

AccDep-Computer

$(1,745)

Furniture

$3,000

AccDep-Furniture

$(321)

Land

$50,000

Total Assets

$543,534

Liabilities

Equity

Capital-Anderson

$57,299

Capital-Bacon

$171,898

Capital-Cox

$114,599

Capital-Day

$57,299

Capital-Elders

$40,840

Capital-Fawcett

$85,679

Capital-Gonzalez

$15,920

Total Liabilities plus Equity

$543,534 Page
Tax Information
Account 00277330769666
ACORNS SECURITIES LLC
5300 CALIFORNIA AVENUE
IRVINE, CA 92617
Customer Service: 855-739-2859
14
2018
BHENCY SAN JOSE
9564 BRYCE CANYON DR
COLORADO SPRINGS, CO 80925
PAYER’S TIN: 46-2538416
[ ]
Statement Date: 02/11/2019
Document ID:
QU1Q B81 X228
1 of
RECIPIENT’S TIN: XXX-XX-6250
FATCA filing requirement (see instructions)
DIVIDENDS AND DISTRIBUTIONS
2018 1099-DIV*
Summary Information
MISCELLANEOUS INCOME
OMB No. 1545-0110
2018 1099-MISC*
OMB No. 1545-0115
1a- Total ordinary dividends (includes lines 1b, 5)
14.25
2- Royalties
0.00
1b- Qualified dividends
6.30
3- Other income
0.00
2a- Total capital gain distributions (includes lines 2b, 2c, 2d)
0.00
4- Federal income tax withheld
0.00
2b- Unrecaptured Section 1250 gain
0.00
8- Substitute payments in lieu of dividends or interest
0.00
2c- Section 1202 gain
0.00
2d- Collectibles (28%) gain
0.00
SECTION 1256 CONTRACTS
2018 1099-B*
OMB No. 1545-0715
3- Nondividend distributions
0.40
8Profit
or
(loss)
realized
in
2018
on
closed
contracts
0.00
4- Federal income tax withheld
0.00
9- Unrealized profit or (loss) on open contracts-12/31/2017
0.00
5- Section 199A dividends
1.05
10- Unrealized profit or (loss) on open contracts-12/31/2018
0.00
6- Investment expenses
0.00
11- Aggregate profit or (loss) on contracts
0.00
8- Foreign country or US possession: See detail
7- Foreign tax paid:
0.21
9- Cash liquidation distributions
0.00
If applicable, proceeds from sale transactions appear summarized below and are
10- Noncash liquidation distributions
0.00
detailed in subsequent sections of this document.
11- Exempt-interest dividends (includes line 12)
0.00
12- Specified private activity bond interest dividends (AMT)
0.00
* This is important tax information and is being furnished to the Internal Revenue Service. If you are required to file a return,
a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported.
SUMMARY OF PROCEEDS, GAINS & LOSSES, ADJUSTMENTS AND WITHHOLDING
Refer to the 1099-B and Proceeds not reported to the IRS pages to ensure that you consider all relevant items and to determine the correct gains and losses. The amounts shown below are for informational purposes.
Term
Short
Short
Short
Form 8949 type
A (basis reported to the IRS)
B (basis not reported to the IRS)
C (Form 1099-B not received)
Total Short-term
Long
Long
Long
D (basis reported to the IRS)
E (basis not reported to the IRS)
F (Form 1099-B not received)
Total Long-term
B or E (basis not reported to the IRS)
C or F (Form 1099-B not received)
Total Undetermined-term
Undetermined
Undetermined
Grand total
Withholding
Federal income tax withheld
Proceeds
3,609.40
0.00
0.00
3,609.40
Cost basis
3,733.99
0.00
0.00
3,733.99
Market discount
0.00
0.00
0.00
0.00
Wash sale loss disallowed
50.42
0.00
0.00
50.42
Net gain or loss(-)
-74.16
0.00
0.00
-74.16
94.77
0.00
0.00
94.77
0.00
0.00
0.00
104.23
0.00
0.00
104.23
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
4.80
0.00
0.00
4.80
0.00
0.00
0.00
-4.68
0.00
0.00
-4.68
0.00
0.00
0.00
3,704.17
3,838.22
0.00
55.22
-78.84
Amount
0.00
Changes to dividend tax classifications processed after your original tax form is issued for 2018 may require an amended tax form.
Page
ACORNS SECURITIES LLC
Account
2 of
00277330769666
Summary Information
2018
INTEREST INCOME
(continued)
2018 1099-INT
OMB No. 1545-0112
This is important tax information and is being furnished to the Internal Revenue Service.
If you are required to file a return, a negligence penalty or other sanction may be
imposed on you if this income is taxable and the IRS determines that it has not been
reported.
1234578910111213-
Interest income (not included in line 3)
Early withdrawal penalty
Interest on US Savings Bonds & Treasury obligations
Federal income tax withheld
Investment expenses
Foreign country or US possession:
6- Foreign tax paid:
Tax-exempt interest (includes line 9)
Specified private activity bond interest (AMT)
Market discount (covered lots)
Bond premium (covered lots)
Bond premium on Treasury obligations (covered lots)
Bond premium on tax-exempt bonds (categorized below)
Tax-exempt obligations (covered lots)
Tax-exempt private activity obligations (AMT, covered lots)
14- Tax-exempt and tax credit bond CUSIP number
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
The following amounts are not reported to the IRS. They are presented here for your reference
when preparing your tax return(s).
Taxable accrued interest paid
Taxable accrued Treasury interest paid
Tax-exempt accrued interest paid
Tax-exempt accrued interest paid (AMT)
Taxable accrued nonqualified interest paid
Tax-exempt accrued nonqualified interest paid
Tax-exempt accrued nonqualified interest paid (AMT)
Nonqualified interest
Tax-exempt nonqualified interest
Tax-exempt nonqualified interest (AMT)
Interest shortfall on contingent payment debt
Bond premium- Non Treasury obligations (noncovered lots)
Bond premium- Treasury obligations (noncovered lots)
Bond premium- Tax-exempt obligations (noncovered lots)
Bond premium- Tax-exempt obligations (AMT, noncovered lots)
Market discount (noncovered lots)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
STATE TAX WITHHELD
Use the details of the State Tax Withholding page(s) to determine the appropriate amounts for
your income tax return(s). The amounts shown in this section are for your reference.
1099-DIV total withheld
0.00
1099-INT total withheld
0.00
1099-OID total withheld
0.00
1099-MISC total withheld
0.00
1099-B total withheld
0.00
02/11/2019
ORIGINAL ISSUE DISCOUNT AND ADJUSTMENTS
Use bond-by-bond details from the Form 1099-OID page(s) to determine amounts of
Original Issue Discount income for your income tax return(s). The amounts shown in this
section are for your reference when preparing your income tax return(s).
Original issue discount for 2018
0.00
Acquisition premium (covered lots)
0.00
Acquisition premium (noncovered lots)
0.00
Original issue discount on Treasury obligations
0.00
Acquisition premium, Treasury obligations (covered lots)
0.00
Acquisition premium, Treasury obligations (noncovered lots)
0.00
Tax-exempt OID
0.00
Tax-exempt OID (lots not reported)
0.00
Acquisition premium (covered)
0.00
Acquisition premium (lots not reported)
0.00
Tax-exempt OID on private activity bonds
0.00
Tax-exempt OID on private activity bonds (lots not reported)
0.00
Acquisition premium (AMT, covered)
0.00
Acquisition premium (AMT, lots not reported)
0.00
Market discount (all lots)
0.00
Early withdrawal penalty
0.00
Investment expenses
0.00
RECONCILIATIONS, FEES, EXPENSES AND EXPENDITURES
The amounts in this section are not reported to the IRS. They are presented here for your
reference when preparing your income tax return(s).
Other Receipts & Reconciliations- Partnership distributions
0.00
Other Receipts & Reconciliations- Foreign tax paid- partnership
0.00
Other Receipts & Reconciliations- Return of principal
0.00
Other Receipts & Reconciliations- Deferred income payment
0.00
Other Receipts & Reconciliations- Deemed premium
0.00
Other Receipts & Reconciliations- Income accrual- UIT
0.00
Other Receipts & Reconciliations- Basis adjustments
0.00
Other Receipts & Reconciliations- Foreign tax pd beyond treaty
0.00
Fees & Expenses- Margin interest
0.00
Fees & Expenses- Dividends paid on short position
0.00
Fees & Expenses- Interest paid on short position
0.00
Fees & Expenses- Non reportable distribution expense
0.00
Fees & Expenses- Other expenses
0.00
Fees & Expenses- Severance tax
0.00
Fees & Expenses- Organizational expense
0.00
Fees & Expenses- Miscellaneous fees
0.00
Fees & Expenses- Tax-exempt investment expense
0.00
Foreign Exchange Gains & Losses- Foreign currency gain/loss
0.00
14
Page
ACORNS SECURITIES LLC
Account
3 of
14
00277330769666
Proceeds from Broker and Barter Exchange Transactions
2018
1099-B*
02/11/2019
OMB No. 1545-0715
Sales transactions are organized into sections according to term (long, short or undetermined) and covered status (covered or noncovered). For tax lots whose term is undetermined, use your historical
documents to establish the cost basis and date of purchase.
Several columns include both an amount and a qualifying notation to its right. Where proceeds are the result of an option exercise or assignment, there is indication of whether the amount is N (net of
option premium) or G (Gross). Accrued market discount and wash sale loss disallowed appear in the same column, identified by the letters D or W, respectively. Where you are not permitted to
recognize a loss, an indication of X (change in control or capital structure) or Z (other corporate action) is used. The change in control condition is reported to the IRS for covered lots. Neither the
disallowance of loss due to other corporate action nor the amount of gain or loss is reported to the IRS in any instance.
Some tax lots may have notations in the column of additional information because they require special treatment on your tax returns. Sales of securities such as Contingent Payment Debt Instruments
(CPDI) are marked as “Ordinary” because gains and losses on these instruments generally do not qualify as short- or long-term capital transactions. Similarly, lots noted as “12- [X] Collectible” are
handled distinctly under the tax code. These conditions are reported to the IRS. You may wish to consult with your tax advisor, the IRS or your state tax authority regarding the proper treatment for
these scenarios.
Closing of written options is presented in a distinct manner in accordance with IRS regulation. For these transactions the Cost or other basis (column 1e) is always presented as $0.00 and the Proceeds
(column 1d) is the net of the amount received when the option was written and the cost to close the position.
FATCA filing requirement [ ]
SHORT TERM TRANSACTIONS FOR COVERED TAX LOTS [Ordinary gains or losses are identified in the Additional information column] (Lines 2 & 5)
Report on Form 8949, Part I with Box A checked. Basis is provided to the IRS. (Line 3)
“Gain or loss (-)” is NOT reported to the IRS.
1a- Description of property/CUSIP/Symbol
1c- Date
sold or
disposed
Quantity
1d- Proceeds &
6- Reported
(G)ross or (N)et
1b- Date
acquired
1e- Cost or
other basis
1f- Accrued mkt disc (D) &
1g- Wash sale loss
disallowed (W)
Gain or loss(-) &
7- Loss not allowed (X)
also not reported (Z) Additional information
ISHARES INV GRD CORP BOND ETF / CUSIP: 464287242 / Symbol: LQD
01/19/18
0.841
100.75
Various
99.23
…
1.52
01/19/18
3.022
362.16
Various
365.54
3.38 W
0.00
02/09/18
1.661
194.77
02/09/18
196.76
…
-1.99
02/09/18
0.045
5.23
02/09/18
5.28
0.05 W
0.00
07/19/18
0.741
85.68
Various
87.88
…
-2.20
12/10/18
0.362
40.59
Various
42.25
1.65 W
0.00
12/17/18
0.353
39.87
Various
40.54
…
-0.67
12/17/18
0.079
8.86
Various
9.03
0.17 W
0.00
Sale 25
Original basis:
Sale 25
Original basis:
Sale 25
Original basis:
Sale 25
Original basis:
Sale 25
Original basis:
Sale 25
Original basis:
Sale 25
Original basis:
Sale 25
Original basis:
$99.20
$365.39
$194.89
$5.23
$86.97
$42.25
$40.54
$9.03
* This is important tax information and is being furnished to the Internal Revenue Service. If you are required to file a return, a negligence penalty or other sanction may be imposed on you if
this income is taxable and the IRS determines that it has not been reported. Remember, taxpayers are ultimately responsible for the accuracy of their tax return(s).
Page
ACORNS SECURITIES LLC
Account
4 of
14
00277330769666
Proceeds from Broker and Barter Exchange Transactions
2018
1099-B*
OMB No. 1545-0715
02/11/2019
(continued)
SHORT TERM TRANSACTIONS FOR COVERED TAX LOTS [Ordinary gains or losses are identified in the Additional information column] (Lines 2 & 5)
Report on Form 8949, Part I with Box A checked. Basis is provided to the IRS. (Line 3)
“Gain or loss (-)” is NOT reported to the IRS.
1a- Description of property/CUSIP/Symbol
1c- Date
sold or
disposed
Quantity
1d- Proceeds &
6- Reported
(G)ross or (N)et
1b- Date
acquired
1e- Cost or
other basis
1f- Accrued mkt disc (D) &
1g- Wash sale loss
disallowed (W)
Gain or loss(-) &
7- Loss not allowed (X)
also not reported (Z) Additional information
ISHARES INV GRD CORP BOND ETF / CUSIP: 464287242 / Symbol: LQD (cont’d)
12/28/18
0.311
34.94
Various
35.75
…
-0.81
12/28/18
0.030
3.41
Various
3.53
0.12 W
0.00
Security total:
876.26
885.79
5.37 W
-4.15
Sale 25
Original basis: $34.86
Sale 25
Original basis: $3.40
ISHARES 1-3 YEAR TREASURY BOND / CUSIP: 464287457 / Symbol: SHY
01/19/18
1.306
109.27
Various
109.90
…
-0.63
01/19/18
4.274
357.66
Various
361.04
3.39 W
0.00
02/09/18
2.330
194.78
02/09/18
196.78
…
-2.00
02/09/18
0.062
5.22
Various
5.27
0.04 W
0.00
07/19/18
1.204
100.24
Various
101.50
…
-1.26
07/19/18
0.180
15.01
Various
15.14
0.13 W
0.00
12/10/18
0.485
40.41
Various
40.47
0.06 W
0.00
12/17/18
0.648
53.99
Various
53.90
…
0.09
12/28/18
0.456
38.07
Various
37.90
…
0.18
Security total:
914.65
921.90
3.62 W
-3.62
Sale 25
Original basis:
Sale 25
Original basis:
Sale 25
Original basis:
Sale 25
Original basis:
Sale 25
Original basis:
Sale 25
Original basis:
Sale 25
Original basis:
Sale 25
Original basis:
Sale 25
Original basis:
$109.54
$361.04
$194.76
$5.22
$100.63
$15.05
$40.47
$53.85
$37.85
VANGUARD FTSE DEVELOPED MARKET / CUSIP: 921943858 / Symbol: VEA
02/09/18
02/09/18
07/19/18
3.856
1.621
1.373
166.35
69.58
59.31
Various
Various
Various
173.63
73.60
64.96
…
4.02 W
…
-7.28
0.00
-5.65
07/19/18
0.294
12.69
Various
14.78
2.09 W
0.00
Total of 2 transactions
Total of 2 transactions
Sale 25
Original basis: $64.21
Sale 25
Original basis: $13.46
* This is important tax information and is being furnished to the Internal Revenue Service. If you are required to file a return, a negligence penalty or other sanction may be imposed on you if
this income is taxable and the IRS determines that it has not been reported. Remember, taxpayers are ultimately responsible for the accuracy of their tax return(s).
Page
ACORNS SECURITIES LLC
Account
5 of
14
00277330769666
Proceeds from Broker and Barter Exchange Transactions
2018
1099-B*
OMB No. 1545-0715
02/11/2019
(continued)
SHORT TERM TRANSACTIONS FOR COVERED TAX LOTS [Ordinary gains or losses are identified in the Additional information column] (Lines 2 & 5)
Report on Form 8949, Part I with Box A checked. Basis is provided to the IRS. (Line 3)
“Gain or loss (-)” is NOT reported to the IRS.
1a- Description of property/CUSIP/Symbol
1c- Date
sold or
disposed
Quantity
1d- Proceeds &
6- Reported
(G)ross or (N)et
1b- Date
acquired
1e- Cost or
other basis
1f- Accrued mkt disc (D) &
1g- Wash sale loss
disallowed (W)
Gain or loss(-) &
7- Loss not allowed (X)
also not reported (Z) Additional information
VANGUARD FTSE DEVELOPED MARKET / CUSIP: 921943858 / Symbol: VEA (cont’d)
12/10/18
0.568
21.68
Various
25.52
3.84 W
0.00
12/17/18
0.603
22.81
Various
25.67
…
-2.86
12/17/18
0.067
2.52
Various
3.00
0.48 W
0.00
12/28/18
0.599
22.26
Various
26.68
…
-4.42
12/28/18
0.040
1.48
10/30/18
1.56
0.08 W
0.00
Security total:
378.68
409.40
10.51 W
-20.21
136.16
6.77
…
0.74 W
-12.75
0.00
142.93
0.74 W
-12.75
Sale 25
Original basis:
Sale 25
Original basis:
Sale 25
Original basis:
Sale 25
Original basis:
Sale 25
Original basis:
$25.51
$25.67
$3.00
$23.94
$1.56
VANGUARD EMERGING MARKETS ETF / CUSIP: 922042858 / Symbol: VWO
02/09/18
02/09/18
2.756
0.136
123.40
6.04
Security total:
129.44
Various
01/19/18
Total of 2 transactions
Sale 25
Original basis: $6.69
VANGUARD S&P 500 ETF (VOO) / CUSIP: 922908363 / Symbol: VOO
02/09/18
02/09/18
1.528
0.359
361.59
85.67
Various
Various
353.28
93.50
…
7.83 W
8.32
0.00
07/19/18
0.616
158.78
Various
161.05
…
-2.27
07/19/18
0.059
15.22
Various
16.40
1.18 W
0.00
12/10/18
0.019
4.52
Various
4.45
…
0.07
12/10/18
0.212
51.39
Various
53.52
2.13 W
0.00
12/17/18
0.249
58.39
Various
64.44
…
-6.05
12/17/18
0.078
18.26
Various
20.70
2.45 W
0.00
Total of 2 transactions
Sale 25
Original basis: $90.74
Sale 25
Original basis: $157.96
Sale 25
Original basis: $14.82
Sale 25
Original basis: $4.45
Sale 25
Original basis: $53.07
Sale 25
Original basis: $64.44
Sale 25
Original basis: $20.20
* This is important tax information and is being furnished to the Internal Revenue Service. If you are required to file a return, a negligence penalty or other sanction may be imposed on you if
this income is taxable and the IRS determines that it has not been reported. Remember, taxpayers are ultimately responsible for the accuracy of their tax return(s).
Page
ACORNS SECURITIES LLC
Account
6 of
14
00277330769666
Proceeds from Broker and Barter Exchange Transactions
2018
1099-B*
OMB No. 1545-0715
02/11/2019
(continued)
SHORT TERM TRANSACTIONS FOR COVERED TAX LOTS [Ordinary gains or losses are identified in the Additional information column] (Lines 2 & 5)
Report on Form 8949, Part I with Box A checked. Basis is provided to the IRS. (Line 3)
“Gain or loss (-)” is NOT reported to the IRS.
1a- Description of property/CUSIP/Symbol
1c- Date
sold or
disposed
Quantity
1d- Proceeds &
6- Reported
(G)ross or (N)et
1b- Date
acquired
1e- Cost or
other basis
1f- Accrued mkt disc (D) &
1g- Wash sale loss
disallowed (W)
Gain or loss(-) &
7- Loss not allowed (X)
also not reported (Z) Additional information
VANGUARD S&P 500 ETF (VOO) / CUSIP: 922908363 / Symbol: VOO (cont’d)
12/28/18
0.246
56.54
Various
63.28
…
-6.74
12/28/18
0.016
3.66
Various
3.90
0.24 W
0.00
Security total:
814.02
834.52
13.83 W
-6.67
Sale 25
Original basis: $61.49
Sale 25
Original basis: $3.90
VANGUARD REIT INDEX ETF (VNQ) / CUSIP: 922908553 / Symbol: VNQ
02/09/18
0.710
52.14
01/19/18
61.98
…
-9.84
02/09/18
07/19/18
0.939
0.341
68.31
27.98
Various
01/19/18
79.49
26.60
11.18 W
…
0.00
1.38
Security total:
148.43
168.07
11.18 W
-8.46
-14.53
0.00
Sale 25
Original basis: $55.61
Total of 2 transactions
Sale 25
Original basis: $26.72
VANGUARD SMALL CAP ETF (VB) / CUSIP: 922908751 / Symbol: VB
02/09/18
02/09/18
1.479
0.268
206.46
36.96
Various
Various
220.99
40.77
…
3.81 W
07/19/18
0.353
56.91
Various
54.86
…
2.05
07/19/18
0.019
3.09
Various
3.30
0.21 W
0.00
12/17/18
0.152
20.62
Various
23.63
…
-3.01
12/17/18
0.043
5.78
Various
6.86
1.08 W
0.00
12/28/18
0.132
17.37
Various
20.17
…
-2.81
12/28/18
0.006
0.73
10/30/18
0.80
0.07 W
0.00
Security total:
347.92
3,609.40
371.38
3,733.99
5.17 W
50.42 W
-18.30
-74.16
Totals :
Total of 2 transactions
Sale 25
Original basis: $39.75
Sale 25
Original basis: $53.60
Sale 25
Original basis: $2.93
Sale 25
Original basis: $23.63
Sale 25
Original basis: $6.86
Sale 25
Original basis: $19.40
Sale 25
Original basis: $0.80
* This is important tax information and is being furnished to the Internal Revenue Service. If you are required to file a return, a negligence penalty or other sanction may be imposed on you if
this income is taxable and the IRS determines that it has not been reported. Remember, taxpayers are ultimately responsible for the accuracy of their tax return(s).
Page
ACORNS SECURITIES LLC
Account
7 of
14
00277330769666
Proceeds from Broker and Barter Exchange Transactions
2018
1099-B*
OMB No. 1545-0715
02/11/2019
(continued)
LONG TERM TRANSACTIONS FOR COVERED TAX LOTS [Ordinary gains or losses are identified in the Additional information column] (Lines 2 & 5)
Report on Form 8949, Part II with Box D checked. Basis is provided to the IRS. (Line 3)
“Gain or loss (…
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