EFTA Document EFTA01280181

4 651112 Schedule K-1 (Form 1065) A or caliwidar rm.? Department of the treasury „„,,54.5.5,..4 internal Revenue Service ,,,,,,, Partner's Share of Income, Deductions, Credits, etc. 2012 2012. or ins [-M Final K-1 (---i Amended K-I OMB No. 1545-0099 Part ill Partner's Share of Current Year Income. Deductions, Credits, and Other Items I Ordinary business income (loss) I <100,000.> 15 Credits 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 AL PARTNERS, LLC 86 HIDDEN RIDGE DRIVE SYOSSET, NY 11791 5 Interest income I es Ordinary dividends I 17 Alternative min lax (AMT) items 60 Oualthed dividends I C IRS Centre where partnership hied return CINCINNATI, OH 7 Royalties I D i -I Check A this is a publicly traded partnership (PTP) IS nondeductible ax-exempt income and expenses 0 Net short-term capital gain (loss) Part II Information About the Partner 9a Net long-term capital gain (loss) I 90 Collectibles (28%) gain (loss) I 19 Distributions number F Partners I Lim e. address. city. state, and ZIP code BLUE CHIP CAPITAL LLC 329 SEABREEZE AVENUE PALM BEACH, FL 33480 9e Unrecaplured sec 1250 gain [ 20 Other information 10 Net section 1231 gain (lesS) 11 Other income (loss) 0 L._..! General partner or LLC member-manager II FL Domestic partner II What type of entity is this partner? PARTNERSHIP I X I Limited partner or other LLC member 0 Foreign partner I 12 Section 179 deduction 12 II this partner is a retirement plan (IRIVSEPiKeoghretc.). J Partner's share of profit, loss, and capital: Beginning Prole 0.0000000% check here LI Ending 0.0000000% 13 Other deductions Loss 0.0000000% 0.0000000% Capital 0.0000000% 0 . 0 0 0 0 0 0 0% 14 Seff A I employment earnings Coss) K Partners share of liabilities at year end: Nonrecoutse Qualified norwecourse financing Recourse 0. $ If $ 'See attached statement for additional in ormation. $ 0 . .2. 2 5, G: I. Partners capital account analysis: Beginning capital account Capital contributed during the year Cul f ent year inoease (decreaSe) Withdrawals & distributions Ending capital account Iii Tax basis CI GMP S $ 100,000.8 $ <100,000.7g S ) $ 0 . LI] Section 704(b) book gain or loss? Li Other (explain) M Did the partner contribute property with a built-in 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 4 18060814 146773 ELK0020 cciRritirKrnsArt ELK00202 SDNY_GM_00033012 EFIA_001 43625 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 Pannt a ~ann. T.d le.te Cn nMan ss ledo,» Pann01046 Pae.serunarr• Ncnpaa kra 4~2~1 inaptrl• 2 Noi rental rcyl Nyp InComo (km) 3 Otna ret rental tramo ~1 Fel patena Nerka. Civeremeed lavyments 5 venrep morce Sa Cebery dnedreelle Fn Ovatted areeleetz nu)aduce$ e. N49 sne91,e9rm cepra, gen ton{) 98. Net Iong-term racmi gen !Ø! 90 OcalecteRte War% cont dowl • Llreacep Wed ~Ww 1293 gap 10 Net eptc. 1231 pae~ w Om« ppr% Oo») Dale A OTher peelforio (morw Wew. tl nvokertsy comwelone C Sw 1256 ~ela ettaCOW. D Mlew; apkwelion<cdte recepta* E Cna.» NOWI F Oliw Parw Woal 12 Sectron l 79 ~KP 13. Otaw cledtanorte A Car. creettutions 60%; • Celi C<WO401.99, 130%I C Nercash cceveatioes 60141 O NO9Cash CaOlt9t10.1% 130141 E Cwale' Dw Graty P a 50% organtratp. (30%1 F ~PP reeoedv (2014 i 01 Centnbuiron• ;CO%) knergreent planet Piwni. I ~Wam • royalty resor% J Srace SON1.21Pperteittne K O•clucecen • pcp/foro 6% Øl L DediK00111 ~Hen? tome; M Arnowta pad 1p ~cel Plerance N Edyadknal ~lance ben.% O Dependent cep Ww.% P PrIelOduCtKe 9~0d •apenS99 O Corrrnecialsowarwrbon cledwiron Porn gontali roi galar» 4K7rob« R Pewexie pa IRA* S Rekreetebat pwn* %Owi.. T Donos% proGAton auentree Pormenron U Cudni.] peOrluCOCel sedar modnie  E997,0797.5 roni V d • 2 wapn. W Otne ~wip% „ Wat on Sar me PerInersbedneCelon• Smrek» E. We 28. Www 191 %%Pt% E. art. 28, Witam 911 Sawo.% E. We 28. colom W See ~Partnera ~Was ~0E. bw 28. Wlew (Fe Sw Po PRIMY% kweruCtrons SlMedur• E. We medyk. (9 Fon 1940. was Ferm 1040. bw Se Form 1040. tre 90 SotteekrNE. We 4 ~tle O. w5 Sbe}rN 0. bw 12 28% Bale Cen W0f997~. Ww 4 (Suwaka* 0 Perructend Sw the Partner% Inatruceerkt See me Panna% insitneteore 999199 Parnot'. lneatabeete Sera Pw Partner* drunacceins Form 6781. Bk. See Pub $36 Farm 1040. We 21 or Fam 962 Sse de Perbter's n999CtiOrill Sn rh* PMØ s MC suCtICris $ee me PS% irpectewe Fon 4952. We I Saw:MeE. lew 19 SN en. Psina N Inetnectlern. SCI9)041 A. ans n Scee A. Sw 28 Saredukr Ine Iw Ferm WW. Ono 29 Sar %e Patat Insbuctrone Fam 2441, Ir* 12 Sn ~Partner% kninwbork. Sw Farm 8582 SelreleParleteretrolne.0% 54•9 Zh• P9/99)(91~0en• Sw Fam 8903 Watelate. Form 8903. kne 70 Fon. 8903. iw ti S44. ne Palnef '9 HTIPX9Otia Ii $9199,79.0YnOnt WMfloa (10Icn NON 79. 98.9 e 94C1Kon 179 00.9.KOOK Of any psalrer.99.99 09auchena, we Me Partnera le*Instircee bobo crokne0 Suwne.% Ą Net emnes POPI Porn serneenaloymeek B aro« firn.. Co saling Pc,» C Gem nontrarm PCW% 1S °Wda A Lopencorre hopeadg CYPR (aWN:. 421)55Porn Ln92099) Ovnin99 B LOW~9)79,91n9 ronwl bom pą9-2004 tuldnga C LOw...700ma 90uang Crtilit I a~n 42(9611 tom post- 2007 Puddingi • tcwancome nowina Crealt wew) kom Fost-700/ Calcarew E Ouelnked rerzedeetee dCPN fes, ewa( F Otbee nielel HP (astat* cwana O OM. Piter oo.% H Unosi-822%0 Caerlab Owa crede I Aldon.. end %aulo.< monde 4.15 netem 2" 1262 Or 03~13 J 18060814 146773 ELK0020 $mady%5E. Salw A a Sor. Me Palmet adrenrebons Sse Pw Primą% ~Ss See w Partree% Inabuctras Ferm 1040, kw 71. <twa bor a Sw In•PartrelsInetrwIlone J ant °orana. C,a31 K Uwabi«) a:Co» OØ t Emperawnrom raw ano ton". COnenwnet, 9.990flrd 9~d M Cieci 9"Cleasnd ,494arch ac1MleaS N 09011 br graby. woal ~ary Y.6 ~Cap Naw O 13461.9 vethmtlate. P Olter OWI% 16 f Dar ~Werono A 9~04 ccureby ca, U S. potwesion B Gree.opne*analeweN C Graiła ~me savtao 0 at INIn7,70 F08610 Does neonka sand N Pallatann lev$ • Pałamy. caNgOry E C.9.0.41 C.91.9079 F Odlew Ocdoclicas 290cdt.9) end 9(9909~11 9199/1/9, Ww* G ;Maik. 9~ Farm 1(10 Perl r N 05.9e Form I 116. PW I SN t* Padw( ateinwbOna 1 Form 1116. PN. I ) Fann 11.6, Part l Orelwreps ~W rwa 3400,90.øø M Danin!~ Wwal la for•We witce wen I Panna <wew% J Owena parwy K Oma Otaw młornvocet [Wal %opr tpn pee4 M Tond ten %pa wer ani N Freltaeon %ps pelple ondit O b meny, trawa gross reesrpte P F reatencotpl Pcw.* pckpron O OM. ;pean trffirmactiors 17 Aprerneye mpw.. las µMT) now A 909I- R.86 nepreeration aduelment • Adusle.1 Clate Of koka C Deolew. wew tar ce A pw O Oe. gw. 8 Dertnennel wop meom. E Ol, (prs. ocktinanul • apteleers F OM« AM T PP% le Taprxempt mara and ece~etløppladwa A Tappeept Peres; epome B OP« terenem% erecew C Noeorwelpkt mpensas 19 Osinlakt.ons A Cpn end maiplatle popem • Oleintru..r dcl lo witce W 7 C Omy POP..? Oma nicnnr,cm A Pneretneni Pcw» ▪ 19,919~9 4~3 C I tal ta. cna/ 970,9, 990r, O 094•194 fobabil.I4NOn a`PanC919,7% 1.0~I triar,r•fltal pul c41.9.91 E Ben ca wag‚ 1~N F ~PP cl bw -.ode% mantry creckt Nechon 42(952 O 9«.0199$00110•,n09/19 nouieno an:14 MPW) itt Recepta ot Piwem% °adn cleceptore a oma- «carte J LOOkiNKli COMDIned law-tam COEW•ag K 1004-Oeck nteton Øbanal ~Mcd L 0400.11one of ower% *dr, »Ww 179 clecluctIone M ~Ottaw WWW. 1 79 *Www N PlwamY9aleab COrperete ~trep O 599~ 49911791,9779•74~ P 59COCn 453/4O)199911~ O SKIP. 1210110 eracrmwen Fl tntepal Sabre tO peXlianCe 0.64ndaufas S CCF nee<9.991•0 enr_heenta T DripPod rdariabon , ol te. 94. U Amoretwon M ,910f.nal119, aby  (191•41990 19.9~ tAaabd• nora W PreCOnntnibOn 997r kał X Section 10%ptcrmacee Y Oliw PlcreuNan cdKrlibtPwrisAit Jr Fam 1119- Pup Form 1118, Pul Form W Itl. Pan Fam 1115. We 12 Farm 8673 Form MW See w ParIng4 s inaterCle0na } sad Pre Paliw% eputtwes end mo instrwIrren ka ram 6251 Fam 1010. win See ~Pers% 9113/fuCtKas Sp IN Parteers helnactrons } See Me Padnie% Inerruckere. Form 4952, line 45 Lønn 4952. eie 5 Form 4136 Sse ero Pene". Innucliont S« me Psina% Inetnemone Lam 8441 1. ane Form 8611, We See Fam 4255 Ses me Pitne** InetructIons Sse Forn 8697 Ser Form 8666 $w Me Poinee Weirurnaons 4 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_00 143628 EFTA01280184 New York State Department of Taxation and Fiance 2012 New York Partner's Schedule K-1 Tax Law - Article 22 (Personal Income Tax) IT-204-IP Et 4 Final K-1 For calendar year 2012 or tax year beginning 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.gov). 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 B Tax shelter registration number. If any C Business allocation percentage Publicly traded partnership El Portfolio investment partnership 8 C Partner's information (see ',initiator's) Partners name BLUE CHIP CAPITAL LLC Partner's address 329 SEABREEZE AVENUE City stale PALM BEACH FL ZIP code 33480 Partner's dent number 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 HI 0.0000 % 0.0000 % 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 Other (submit expianaeore K Resident status (mark an x in all boxes that levy) C NYS fultyear resident I I Yonkers full-year resident =I NYS part-year resident L_I Yonkers 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 O NYC fufiyear resident NYC part-year resident 288151 11.19- 12 CONFIDENTIAL SDNY_GM_00033016 EFTA_00143629 I I EFTA01280185 Par 2 of 4 IT-204-IP (2012) M 1) Was Form IT 2658•E fled with the partnership? 2) Was Form h1TA 405E filed with the partnership? N NYS estimated tax paid on behalf of partner (from Form IT-26581 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) O Estimated MCTMT paid on behalf of partner (from Form MTA-405) 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 Date N Date M1 Yes C No 0 M2 Yes C No ED Amount Amount 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 22a ES- 226 ES- 22c ES- 22d ES- 22e ES- 221 ES- B - New York State allocated amount 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 28 New York adjustments to tax preference dens Partner's other information 29a Partners share of Now York source gross income 2% MCTD atlocatron percentage (see inStructrons) Partner's credit information Part 1 - Flow-through credit bases and factors Brownfield redevelopment tax credit !Form!(-61 I or IT-611.1) 27 28 29a 2% 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 32 118 0 0 312 1019 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