565 Form Partnership Return of Income

(1) Cash (2) Accrual (1) Cost (2) Lower of cost or market as described in Treas Reg Section 1 471 4 (3) Write down of subnormal goods as (1) General partners (1) Initial return (2) FINAL RETURN (2) Does the partnership have any domestic (non foreign) nonresident partners? I Yes No (2) For this taxable year did this partnership (or any legal entity in which it holds a controlling or majority interest) acquire control (2) If Yes enter the generated amount I 00 (2) If Yes enter the portion of the discharge of indebtedness attributable to the partnership I 00 (2) If Yes enter the year of asset disposition I (2) Limited partners (3) If this partnership (or any legal entity in which it holds a controlling or majority interest) owned or (under certain circumstances) (3) Were Form 592 Form 592 A Form 592 B and Form 592 F filed for these partners? I Yes No (a) (b) (c) (d) (same as federal) (See instructions for definitions ) If Yes complete and attach federal Form 8886 for each transaction 1 a Gross receipts or sales $ b Less returns and allowances $ c Balance I 1c 00 1 Cash 1 Inventory at beginning of year 1 00 1 Ordinary income (loss) from trade or business activities 1 I 2 a Trade notes and accounts receivable 2 Cost of goods sold (Schedule A line 8) 2 00 2 Net income (loss) from rental real estate activities Attach federal Form 8825 2 2 Purchases less cost of items withdrawn for personal use 2 00 2 Type of expenditures 13c2 3 a Gross income (loss) from other rental activities 3a 3 Cost of labor 3 00 3 Gross profit Subtract line 2 from line 1c I 3 00 3 Inventories I 4 Additional IRC Section 263A costs Attach schedule 4 00 4 Guaranteed payments to partners 4 I 4 Total ordinary income from other partnerships and fiduciaries Attach schedule I 4 00 4 U S government obligations 5 Interest income 5 I 5 Other costs Attach schedule 5 00 5 Tax exempt securities 5 Total ordinary loss from other partnerships and fiduciaries Attach schedule I 5 00 6 Dividends 6 I 6 Other current assets Attach schedule I 6 Total Add line 1 through line 5 6 00 6 Total farm profit Attach federal Schedule F (Form 1040) I 6 00 7 Inventory at end of year 7 00 7 Mortgage and real estate loans 7 Royalties 7 I 7 Total farm loss Attach federal Schedule F (Form 1040) I 7 00 8 Cost of goods sold Subtract line 7 from line 6 Enter here and on Side 1 line 2 8 00 8 Net short term capital gain (loss) Attach Schedule D (565) 8 I 8 Other investments Attach schedule I 8 Total gains included on Schedule D 1 Part II line 17 (gain only) I 8 00 9 a Buildings and other depreciable assets 9 a Check all methods used for valuing closing inventory: 9 Net long term capital gain (loss) Attach Schedule D (565) 9 I 9 Total losses included on Schedule D 1 Part II line 17 (loss only) I 9 00 a Cash I a Depreciation $ a Tax exempt interest $ Assets (a) (b) (c) (d) b Adjusted gain or loss 17b b Analysis by type (a) (b) Individual (c) (d) (e) b Check this box if the LIFO inventory method was adopted this taxable year for any goods If checked attach federal Form 970 b Distribution of property other than money 19b b Investment expenses 20b b Investment interest expense 13b I b Less accumulated amortization b Less accumulated depletion b Less accumulated depreciation I b Less allowance for bad debts b Less depreciation reported on Schedule A and elsewhere on return $ c Balance I 17c 00 b Less expenses Attach schedule 3b b Low income housing credit 15b b Other $ b Other tax exempt income 18b I b Property I b Total Loss under IRC Section 1231 (other than due to casualty or theft) 10b I b Total other income Attach schedule 11b b Travel and entertainment $ Beginning of income year End of income year c 1 Total expenditures to which IRC Section 59(e) election may apply c Credits other than the credit shown on line 15b related to rental real c Depletion (other than oil and gas) 17c c Do the rules of IRC Section 263A (with respect to property produced or acquired for resale) apply to the partnership? Yes No c Limited partnership tax $ c Net income (loss) from other rental activities Subtract line 3b from line 3a 3c I c Nondeductible expenses 18c c Other information See instructions 20c c Total Add line 6a and line 6b I c Total Add line 7a and line 7b I c Total other loss Attach schedule 11c d Credits related to other rental activities 15d d Deductions related to portfolio income 13d d Gross income from oil gas and geothermal properties 17d d Other $ d Was there any change (other than for IRC Section 263A purposes) in determining quantities cost or valuations between opening described in Treas Reg Section 1 471 2(c) (4) Other Specify method used and attach explanation Distributive share items Amounts from California Total amounts using e Deductions allocable to oil gas and geothermal properties 17e e Nonconsenting nonresident members tax allocated to all partners 15e e Other deductions Attach schedule 13e e Total Add line 4a through 4d I f Other alternative minimum tax items 17f f Other credits 15f I federal K (1065) adjustments California law g New Jobs Credit 15g I 1 General partnership I 2 LP required to pay annual tax (is doing business in CA is registered with SOS or is organized in CA) If the partnership completed federal Schedule M 3 (Form 1065) see instructions If Yes see the federal instructions concerning an election to adjust the basis of the partnership s assets under IRC Section 754 J What type of entity is filing this return? Check one only: K Enter the maximum number of partners in this partnership at any time during the year (Be sure to attach a California L Is any partner of the partnership related (as defined in IRC Section 267(c)(4)) to any other partner? I Yes No Liabilities and Capital M Is any partner of the partnership a trust for the benefit of any person related (as defined in IRC Section 267(c)(4)) to any other partner? I Yes No Make the check or money order payable to the Franchise Tax Board 32 N Are any partners in this partnership also partnerships or LLCs? If Yes complete Schedule K 1 Table 3 for each I Yes No O Does the partnership meet all the requirements shown in the instructions for Question O? Yes No of partner: Corporate i Active ii Passive Partnership Exempt Organization Nominee/Other P Is this partnership a partner in another partnership or LLC? If Yes complete Schedule EO Part I I Yes No Q Was there a distribution of property or transfer (for example by sale or death) of a partnership interest during the taxable year? I Yes No R Is this partnership a publicly traded partnership as defined in IRC Section 469(k)(2)? Yes No S Is this partnership under audit by the IRS or has it been audited in a prior year? I Yes No See instructions started in CA T (1) For this taxable year was there a change in control or majority ownership for this partnership (or any legal entity in which it U (1) Does the partnership have any foreign (non U S ) nonresident partners? I Yes No V Is this an investment partnership? See General Information Investment Partnerships in the instructions I Yes No W Is the partnership apportioning income to California using Schedule R? I Yes No X Has the partnership included a Reportable Transaction or Listed Transaction within this return? I Yes No Y Did this partnership file the Federal Schedule M 3 (Form 1065)? I Yes No Z Is this partnership a direct owner of an entity that filed a federal Schedule M 3? I Yes No (3) Amended return (3) Other (attach explanation) (see instructions) I Installment Sale I IRC 1031 I IRC 1033 I Other 1 Balance at beginning of year 1 Net income (loss) per books 10 a Depletable assets 10 a Total Gain under IRC Section 1231 (other than due to casualty or theft) 10a I 10 Other income Attach schedule I 10 00 11 a Other portfolio income (loss) Attach schedule 11a 11 Land (net of any amortization) I 11 Other loss Attach schedule I 11 00 12 a Intangible assets (amortizable only) 12 Expense deduction for recovery property (IRC Section 179 and R&TC 12 Total income (loss) Combine line 3 through line 11 I 12 00 13 a Charitable contributions See instructions Attach schedule 13a 13 Other assets Attach schedule I 13 Salaries and wages (other than to partners) 13 00 14 Guaranteed payments to partners 14 00 14 Total assets 15 a Withholding on partnership allocated to all partners 15a 15 Accounts payable I 15 Bad debts I 15 00 16 Deductible interest expense not claimed elsewhere on return 16 00 16 Mortgages notes bonds payable in less than 1 year I 17 a Depreciation adjustment on property placed in service after 1986 17a 17 a Depreciation and amortization Attach form FTB 3885P $ 17 Other current liabilities Attach schedule 18 a Tax exempt interest income 18a 18 All nonrecourse loans I 18 Depletion Do not deduct oil and gas depletion 18 00 19 a Distributions of money (cash and marketable securities) 19a 19 Mortgages notes bonds payable in 1 year or more I 19 Retirement plans etc 19 00 2 Capital contributed during year: 2 Income included on Schedule K line 1 through 20 a Investment income 20a 20 Employee benefit programs 20 00 20 Other liabilities Attach schedule I 21 a Total distributive income/payment items Combine lines 1 2 and 3c through 11c 21 Other deductions Attach schedule I 21 00 21 Partners capital accounts I 22 Total deductions Add line 13 through line 21 I 22 00 22 Total liabilities and capital 23 Ordinary income (loss) from trade or business activities Subtract line 22 from line 12 I 23 00 24 Tax $800 00 (LPs LLPs and REMICs only) See instructions I 24 00 25 Withholding (Form 592 B and/or 593) I 25 00 26 Amount paid with extension of time to file return (form FTB 3538) 26 00 27 Total payments Add line 25 and line 26 27 00 28 Tax due If line 24 is more than line 27 subtract line 27 from line 24 28 00 29 Use Tax This is not a total line See instructions I 29 00 3 Guaranteed payments (other than health insurance) 3 Net income (loss) per books 30 Refund If the total of line 24 and line 29 is less than line 27 subtract the total from line 27 30 31 Penalties and interest 31 00 32 Total amount due Add line 24 line 29 and line 31 then subtract line 27 from the result 3661113 3662113 3663113 3664113 4 Expenses recorded on books this year not 4 Other increases Itemize 5 Total of line 1 through line 4 5 Total of line 1 through line 4e 6 Distributions: a Cash I 6 Income recorded on books this year not included 7 Deductions included on Schedule K line 1 through 7 Other decreases Itemize 8 Total Add line 6c and line 7c 8 Total of line 6 and line 7 9 Balance at end of year Subtract line 8 from line 5 9 Income (loss) (Schedule K line 21a) Subtract AA Does this partnership have a beneficial interest in a trust or is it a grantor of a trust? Attach name address and FEIN I Yes No Address (suite room PO Box and PMB no ) C Principal business activity name (same as federal) Alternative Minimum Tax (AMT) Items Amount Due Analysis and closing inventory? If Yes attach explanation Yes No any payment Attach schedule 13c1 BB Does this partnership own an interest in a business entity disregarded for tax purposes? If Yes complete Schedule EO Part II I Yes No but do not staple CALIFORNIA FORM Caution: Include only trade or business income and expenses on line 1a through line 22 below See the instructions for more information CC (1) Is the partnership deferring any income from the disposition of assets? (see instructions) I Yes No Check if City State ZIP Code D Principal product or service (same as federal) Credits DBA B Secretary of State (SOS) file number DD Is the partnership reporting previously deferred income from: Deductions discharge of indebtedness as described in IRC 108(i) for Federal purposes? I Yes No E Check accounting method EE (1) Did this partnership generate a New Jobs Credit? I Yes No Enclose estate activities 15c F Date business FF (1) Did this partnership or an entity in which this partnership has an ownership interest elect to defer income from the Firm s name (or yours if self employed) and address For calendar year 2011 or fiscal year beginning month day year and ending month day year For Privacy Notice get form FTB 1131 Form 565 C1 2011 Side Form 565 C1 2011 Side 3 From the result subtract the sum of lines 12 through 13e 21a I G Enter total assets at end of year general partner General Partner s email address (optional) H Check the applicable box holds a controlling or majority interest) that owned or (under certain circumstances) leased real property in California? I Yes No I 3 LP LLC or other entity NOT required to pay annual tax (is not doing business in CA is not registered with SOS and is not organized in CA) I 4 REMIC I 5 LLP I 6 Other (See instructions) I Principal business activity code included on Schedule K line 1 through Income Income (Loss) income this year Itemize: Itemize I leased real property in California has more than 50 percent of the partnerships interest cumulatively transferred in one or more line 11c not recorded on books this year line 13e Itemize: line 13e not charged against book line 8 from line 5 May the FTB discuss this return with the preparer shown above (see instructions)? I Yes No on Schedule K line 1 through line 11c Itemize: or majority ownership of any other legal entity that owned or (under certain circumstances) leased real property in California? I Yes No or Refund Other Information Paid PTIN Partnership name (type or print) Check box if name changed A FEIN Partnership Return of Income Payments Penalties May Apply Prepar er s Use Preparer s Schedule A Cost of Goods Sold Schedule K 1 (565) for each partner) I Schedule K Partners Shares of Income Deductions Credits etc Schedule L Balance Sheets See the instructions for Question O before completing Schedules L M 1 and M 2 Schedule M 1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return Use total amount under California law Schedule M 2 Analysis of Partners Capital Accounts Use California amounts Sections 17267 2 17267 6 and 17268) Attach schedule 12 self employed Side Form 565 C1 2011 signature Signature of TAXABLE YEAR Telephone transactions since March 1 1975 which was not reported on a previous year s tax return? I Yes No Under penalties of perjury I declare that I have examined this return including accompanying schedules and statements and to the best of my knowledge and belief it is true correct and complete Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge