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Jayanthi and Krish each own a 50 percent general partner interest in the JK Partnership. The following information is available regarding the partnership's 2016 activities: Sales revenue Selling expenses Depreciation expense Long-term capital gain Nondeductible expenses Partnership debts, beginning of the year Partnership debts, end of the year Partnership distributions $500,000 200,000 30,000 9,000 2,000 100,000 120,000 Jayanthi Krish 50,000 50,000 a. Complete Schedule K, Form 1065, for the partnership. b. Complete Schedule K-1, Form 1065, for Jayanthi. Complete this question by entering your answers in the tabs below Schedule K Schedule K1 Part a Part b Type e Other rental credits (see instructions) f Other credits (see instructions) 16a Name of country or U.S. possession 15e 15t b Gross income from all sources c Gross income sourced at partner level 16b 160 Foreign gross income sourced at partnership level Passive category d e Gen. category 1 Other 16f - Deductions allocated and apportioned at partner level Interest expense 1Eh h Other Deductions allocated and apportioned at partnership level to foreign source income i Passive category Gen. category k Other 16k 16 16m I Total foreign taxes (check one) Accrued Paid m Reduction in taxes available for credit (attach statement) n Other foreign tax information (attach statement) 17a Post-1986 depreciation adjustment b Adjusted gain or loss c Depletion (other than oil and gas) d Oil, gas, and geothermal properties gross income e Oil, gas, and geothermal properties- deductions 17a 17b 17c 17d 17e Other AMT items (atach statement) 1Ba Tax-exempt interest income b Other tax-exempt inoome c Nondeductible expenses 19a Distributions of cash and marketable securities b Distributions of other property 20a Investment income b Investment expenses c Other itoms and amounts (attach statement) 1Ba 18b 180 19a 190 20a 20b Form 1065 (2016 Final K-1 Amended K-1 Part III OMB No. 1545-0123 For calendar year 2016, or tax yoor beginning Deductions, Credits, and Other ltems Ordinary business income (loss) 15 Credts 2016 20 Net rental real estate income re of Income, Deductions Other net rental income (loss) See back of form and separate instructions 16 Information About the Partnership Guaranteed payments 5 Interest income artnership's name, address, city, state, and ZiP code 6a Ordinary dividends 6b Qualified diwidends Royalties RS Center where partnership filed return Check if this is a publidy traded partnership (PTP) Net short-term capital gain (oss) 10. Sole Proprietorships, Partnerships, LI and S Corporations Information About the Partner 9a Net long-term capital gain (loss) 17 Altemative minimum tax (AMT ariner's 9b | Collectibles (28%) gain (loss) arner's name, address, ity, state, and ZiP code 9c Unrecaptured section 1250 gain 10 Net section 1231 gain (loss) 18 Tax-exempt income and General partner or LLC member-manager United partner or other LLC | 11 mer nome ess) Domestic partner Foreign parter Vhat type of entity is this partner? this partner is a retirement plan (IRA/SEPYKeogh/etc.), check here 19 Distribuions 12 Section 179 deduction

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