mbuchine
Level 2
03-02-2022
05:18 AM
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Here is what I got from the CPA firm to file their tax return.
This is for 5% ownership
Enclosed is your 2018 Tenancy-In-Common tax information
| Rental Real Estate Income |
| Gross rents 21,456 |
| Rental Real Estate Expenses |
| Advertising 428 |
| Insurance 384 |
| Legal and other professional fees 106 |
| Interest 7,534 |
| Repairs 7,803 |
| Taxes 2,660 |
| Utilities 2,251 |
| Wages and salaries 1,877 |
| Depreciation 15,382 |
| Amortization 115 |
| Administrative & general 733 |
| Contracted services 965 |
| Management fees 1,462 |
| Telephone 34 |
| Total Rental Real Esate Expenses |
| Loss from Rental Operations |
| Other Interest Income |
| Interest Income |
| 41,732 |
| (20,275) |
| 3 |
| Net Loss (20,272) |
| K-1 Additional Information |
| Section 199A Income (20,275) |
| Section 199A W-2 wages 1,877 |
| Section 199a Unadjusted basis 337,105 |
| Section 199A REIT Dividends |
| Section 199A PTP income |
| K-1 Line K Information |
| Qualified Nonrecourse Financing 306,823 |
