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.) 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
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