2018 _ Form 1040 _ Tax Returns - Laserfiche WebLink

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31. 36. 35. 34. 33. 32. 30. 29. 28. 27. 26. 25. 24. 23. 22. 21. 20. 19. 18. 17. 16. 15. 14. 13. 12. 11. 10. 9. 8. 7. 6. 5. 4. 3. 2. 1. Gain recognized on repayment of shareholder loan (Subtract line 41 from line 40) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nontaxable return of loan basis. Divide line 38 by line 39 and multiply the result by line 40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Face amount of shareholder loan at beginning of tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Loan basis before loan repayment. Add line 36 and line 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Loan repayments to shareholder during tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Basis restored - amount used in prior years to offset losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Loan basis at beginning of tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gain Recognized on Repayment of Shareholder Loan Total gain recognized on excess distributions. (Subtract line 34 from line 33) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stock basis before distributions and loss items (line 14) less gain from the entire disposition of stock reported on line 18. Property distributions reported in Box 16, Code D, Schedule K-1 (1120S) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Gain Recognized on Excess Distributions Stock and loan basis at the end of the year (Add lines 21 and line 31) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Loan basis at the end of year (Subtract line 30 from line 27). Per IRC 1367(b)(2)(A) do not enter an amount below zero Other decreases to loan basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Losses and deductions applied against loan basis. (See Shareholder Basis Worksheet Page 2) Loan repayments from line 40 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other increases to loan basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Loan basis restored from line 19 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Loans to corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Shareholder Loan Basis Losses and deductions applied against stock basis. (See Shareholder Basis Worksheet Page 2) Shareholder Stock Basis Increases to stock basis Decreases to stock basis Capital contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Ordinary business income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net rental real estate income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other net rental income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest, dividends and royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net capital gains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Tax-exempt interest and other tax-exempt income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net section 1231 gain and ordinary business gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other increases to stock basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stock basis before distributions and items of loss or deductions. Add line 1 and line 13 and enter the result here . . . . . . . Distributions allowed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other decreases to stock basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Amount used to restore loan basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stock basis at the end of year. (Subtract line 20 from line 16). Per IRC 1367(a)(2) do not enter an amount below zero . Name of Entity K1 Unit Name Taxpayer Identification Number Excess of deductions for depletion over basis of property (other than oil and gas) . . . . . . . . . . . . Total increases to stock basis. Combine lines 2 through 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stock basis after distributions and before items of loss or deductions. Subtract line 15 from line 14. If zero or less, enter - 0 - Total decreases (other than distributions) to stock basis. Combine lines 17 through 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total decreases to loan basis. Add lines 28 and 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32. 33. 34. 22. 23. 24. 25. 26. 27. 29. 30. 31. 20. 21. 17. 18. 19. 16. 15. 14. 13. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 37. 38. 39. 40. 41. 42. 40. 39. 38. 37. 35. 36. Sch D/8949, short-term capital gain Sch D/8949, long-term capital gain Sch D/8949, short-term capital gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Sch D/8949, long-term capital gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . EIN Loan basis before losses and deductions. Combine lines 22 through 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28. 42. 41. Form 1040 Shareholder's Basis Worksheet Page 1 2018 Passive Activity Type Beginning of year stock basis. Per IRC 1367(a)(2) do not enter an amount below zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Beginning of year loan basis. Per IRC 1367(b)(2)(A) do not enter an amount below zero . . . . Ordinary income on Schedule E page 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . WESLEY C BROWN 595-42-0794 CICERO STUDIOS LLC 47-2390815 NOT PASSIVE 1 0 97 97 97 97 97 97 0 15,000 15,000 1,094 1,094 13,906 13,906