Please help fill out these tax forms with the information above provided. The blue squares need filling in. Whatever help you can provide even if not all of it would be greatly appreciated.

Required information [The following information applies to the questions displayed below.] Aaron, Deanne, and Keon formed the Blue Bell General Partnership at the beginning of the current year. Aaron and Deanne each contributed $136,000, and Keon transferred an acre of undeveloped land to the partnership. The land had a tax basis of $73,900 and was appraised at $206,000. The land was also encumbered with a $73,900 nonrecourse mortgage for which no one was personally liable. All three partners agreed to split profits and losses equally. At the end of the first year, Blue Bell made a $9,600 principal payment on the mortgage. For the first year of operations, the partnership records disclosed the following information: Sales revenue $ 509, 800 Cost of goods sold 430, 890 Operating expenses 90, 809 Long-term capital gains 2, 790 $1231 gains 609 Charitable contributions 309 Municipal bond interest 300 Salary paid as a guaranteed payment to Deanne (not included in expenses) 3,000 c. Using the information generated in answering parts (a) and (b), prepare Blue Bell's page 1 and Schedule K to be included with its Form 1065 for its first year of operations, along with Schedule K-1 for Deanne. Note: Use 2024 tax rules regardless of year on tax form. Percentages should be rounded to two decimal places. Losses should be entered as negative numbers and input all other values as positive numbers. Instructions can be found within the form as well. Prepare Form 1065. 1065 PG 1 Schedule K Schedule KI Form 1065 Page 1. Form 1065 U.S. Return of Partnership Income OMB No. 1545-0123 Department of the Treasury For calendar year 2023, or tax year beginning 2023, ending_ , 20 Internal Revenue Service Go to www.irs. gow/Form1068 for instructions and the latest information. 2023 A Principal business activity Name of partnership D Employer identification number Aaron Principal product or service Number, street, and room or suite no. If a P.O. box, see instructions. E Date business started Type or Print Business code number City or town, state or province, country, and ZIP or foreign postal code Total assets (see instructions) G Check applicable boxes: (1) Initial Retum (2) Final Return (3) Name Change (4) Address Change (5) Amended Retum H Check accounting method: (1) Cash (2) Accrual (3) Other (specify) Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year. Check if Schedules C and M-3 are attached V K Check if partnership (1) Aggregated activities for section 465 at risk purposes (2) Grouped activities for section 469 passive activity purposes Caution: Include only trade or business income and expenses on lines fa through 23 below. See instructions for more information. la Gross receipts or sales 12 Less returns and allowances 1b Balance. 2 Cost of goods sold (attach Form 1126-A) Income 3 Gross profit Subtract line 2 from line fo 4 Ordinary income (loss) from other partnerships, estates, and trusts (attach statement) " Not far profit (loss) (attach Schedule F (Form 1040)) 5 Not gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) 7 Other income (loss) (attach statement) B Total income (loss). Combine lines 3 through ? Salaries and wages (other than to partners) (loss employment credits) 10 Guaranteed payments to partners 11 Repairs and maintenance 12 Bad debts 13 Rant Deductions 14 Taxes and licenses (see hterest (see instructions) instructions Depreciation (if required, attach Form 4562) 162 for b Less depreciat ported on Form 1125-A and elsewhere 156 on return limitations) 17 Depletion (Do not deduct oil and gas depletion.) 18 Retirement plans, etc. 19 Employee benefit programs 20 E ergy off rcial buildings deduction (attach Form 7205) 21 Other deduction (attach statement) counts shown in the far right column for lines 9 through 21 23 Ordinary but income (loss). Subtract line 22 from line 8 d-completed long-term contracts (attach Form 8697) back method-income forecast method (attach Form 8866) 26 BBA AAR imputed un orpayment (soo instructions) 27 Other taxes (see instructions) 28 Total balance due. Add lines 24 through 27 29 Elective payment election amount from Form 3800 30 Payment (soo instructions) 31 Amount owed. If the sum of line 29 and line 30 is smaller than line 28, enter amount awed 32 Overpayment. If the sum of line 29 and line 30 is larger than line 28, enter overpayment 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 partner or limited liability company member) is based on all Tax and information of which preparer has any knowledge. Payment Sign May the IRS discuss this return with the preparer shown below? Here See Instructions. signature of partner or limited liability ompany member Date Yes No Date Check if self- Print Type preparer's name Preparer's signature PTIN mplayed Paid Preparer Firm's name Firm's EIN Use Only firm's address Phone no. For Paperwork Reduction Act Notice, see separate Instructions. Cat. No. 113902 Form 1065 (2023) THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. Source: Irs.gov 1065 PG 1 Schedule KRequired information (The following information applies to the questions displayed below.] Aaron, Deanne, and Keon formed the Blue Bell General Partnership at the beginning of the current year. Aaron and Deanne each contributed $136,000, and Keon transferred an acre of undeveloped land to the partnership. The land had a tax basis of $73,900 and was appraised at $206,000. The land was also encumbered with a $73,900 nonrecourse mortgage for which no one was personally liable. All three partners agreed to split profits and losses equally. At the end of the first year, Blue Bell made a $9,600 principal payment on the mortgage. For the first year of operations, the partnership records disclosed the following information: Sales revenue $ 509, 209 Cost of goods sold 430, 800 Operating expenses 90, 890 Long-term capital gains 2,790 $1231 gains 609 Charitable contributions 300 Municipal bond interest 300 Salary paid as a guaranteed payment to Deanne (not included in expenses) 3,090 c. Using the information generated in answering parts (a) and (b), prepare Blue Bell's page 1 and Schedule K to be included with its Form 1065 for its first year of operations, along with Schedule K-1 for Deanne. Note: Use 2024 tax rules regardless of year on tax form. Percentages should be rounded to two decimal places. Losses should be entered as negative numbers and input all other values as positive numbers. Instructions can be found within the form as well. Prepare Form 1065. 1065 PG 1 Schedule K Schedule KI Form 1065 Schedule K. Form 1065 (2023) Page 4 Schedule Partners' Distributive Share Items Total amount 1 Ordinary business income (loss) (page 1, line 23) 2 Net rental real estate income (loss) (attach Form 8825) 2 3a Other gross rental income (loss) b Expenses from other rental activities (attach statement) 3b a Other net rental income (loss). Subtract line 3b from Ine 3 4 Guaranteed payments: a Services b Capital 46 a Total. Add lines 4a and 4b 5 Interest income Income (Loss) 6 Dividends and dividend equivalents: a Ordinary dividends Qualified dividends a Dividend 6c equivalents 7 Royalties Net short-term capital gain (loss) (attach Schedule D (Form 1065)) Ba Net long-term capital gain (loss) (attach Schedule D (Form 1065)) b Collectibles (28%) gain (loss) Unrecaptured section 1250 gain (attach statement) 10 Net section 1231 gain (loss) (attach For 4797) 10 11 Other income (loss) (see instructions) Type 12 Section 179 deduction (attach Form 4862) 13a Cash contributions b Noncash contributions Deductions a Investment interest expense 136 d Section 59(c)(2) expenditures: 1) Type (2) Amount 13d(2) Other deductions (see instructions) Type (2) Amount 13c 14a Not earnings (loss) from self-employment 143 Self- Employment b Gross farming or fishing income 146 Gross nonfarm income 140 1 5a Low-income housing credit (section 420)(5)) 16a b Low income housing credit (other) 15b Credits Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) 16c Other rental real estate credits (see nstructions) Type 15d Other rental credits (soo instructions) Type Other credits (see instructions) Type International 16 Attach Schedule K-2 (Form 1066), Partners' Distributive Share Items-International, and check. Transactions his box to indicate that you are reporting items of International tax relevance 7a Post-1986 depreciation adjustment 17a Alternative b Adjusted gain or loss 176 Minimum Tax Depletion (other than oil and gas) 176 (AMT) Items d Oil, gas, and geothe mal properties gross income 17d Oil, gas, and properties-deductions Other AMT items [attach statement) 1 Ba Tax-exempt interest Income 183 b Other tax-exempt income 18b Non indeductible expenses 18c Other 19a Distributions of cash and marketable securities 193 Information b Distributions of other property 196 20a Investment income 20a b Investment expenses 206 Other items and amounts [attach statement) 21 Total foreign taxes paid or accrued 21 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. Source: Irs.gov Form 1065 (2023) Required Information (The following information applies to the questions displayed below] Aaron, Deanne, and Keon formed the Blue Bell General Partnership at the beginning of the current year. Aaron and Deanne each contributed $136,000, and Kean transferred an acre of undeveloped land to the partnership. The land had a tax basis of $73,900 and was appraised at $206,000. The land was also encumbered with a $73,900 nonrecourse mortgage for which no one was personally liable. All three partners agreed to split profits and losses equally. At the end of the first year, Blue Bell made a $9.600 principal payment on the mortgage. For the first year of operations, the partnership records disclosed the following information: Sales revenue $ 549, 808 Cost of goods sold BOB'NET Operating expenses BOB'26 Long-term capital gains 2, 798 51231 gains 608 Charitable contributions 398 Municipal bond interest BOE Salary paid as a guaranteed payment to Deanne {not included in expenses) 3, 068 c. Using the Information generated in answering parts (a) and (a), prepare Blue Bell's page 1 and Schedule K to be Included with its Form 1065 for its first year of operations, along with Schedule K-1 for Deanne. Note: Use 2024 tax rules regardless of year on tax form. Percentages should be rounded to two decimal places. Losses should be entered as negative numbers and input all other values as positive numbers. Instructions can be found within the form as well. Prepare Form 1065. 1065 PG 1 Schedule k Schedule K Form 1065 Schedule Ki. Note: Do not round intermediate calculations. Round percentage answers to 2 decimal places. Round other final answers to nearest whole dollar amount Final K-1 / Acarded K-1 DMD Ns. 1545-0123 Schedule K-1 2023 Part Ill Pariner's Share of Current Year Income, [Form 1845) Deductions, Credits, and Other Homs Department of the Tremaury For calendar year 2121, or tas year Ordinary business income 19 Condit baginning anding But rental real sstate Income Partner's Share of Income, Deductions, Schedula K-3 in attached Credits, etc. P Ssa separate instructions. 3 Char nat rental income Joes) chocand Part Information About the Partnership Guaranteed payments for Harvicea Partnership's employer identificat on number Guaranteed parryments for chaitad Partnership's roars, address, city, state, and ZIP code Aaron 4c Total guaraniand payments Interest income C Ros canter where partnership flad return: fa Ordinary dividends D Chuck If this in a publicly traded partnership [PTP) Qualiled dividends Part II Information About the Partner Ic Dividend equivalents Alternative minimum tas E Partner's 55N or TIN [Do not une TIN of a dissagasdad entity. Sen Instruction. | Mot short-han capital gain IF Mama, addsums, city, stats, and ZIP code for parinar erinsad in E. Sas Iratructiona. Aaron Not long-haim capital pair Tax-mommat income and G Ganatal partner or LLC member-manager / Limled patrer or char LLC marbar Collectibles (2:) gain Jams) 11 / Dorrantic partner Fasign partrar Unscaptured section 1250 amin 12 / H tha partner in a ciaregarded andity (DE), antor te parhow's: TIM Name Not section 1231 gain out If What type of entity in this patrart Chat Income (lom) Distributors 12 ruba ant plan [RAISEP/Keoghlate ) chack here J Partner's share of profit, kan, and capital [ass Instructional 10 Other Information Beginning Ending 12 Saction 170 deduction DUL Profit 13 Char deductions 21 Foreign twous paid or mccoand aptul Check if docrunas is dam toc Exchange of partnership Interest. Sen instructions. K1 Partner's store s! bbilton Ending Qualified norreccures financing 14 Sall-employment untings (2 Chuck this bax f tom K1 Includes Inbility amounts from kawar-tier partnerships Chuck If any of the above lbbilly h abjad is guarantees or other payment sbilgalore by tha partmat Sen instructions Partner's Capital Account Analysis Beginning capital socount Capital contributed during the year Cement year net income (lost 22 w More than ans activity for as-rink purposes' Cthat Increase (docreams) (afinch explanation Withdrawals & diviributions 23 More than ans activity for passive activity purposes" Ending capital account "See attached statement for additional information. Did the pariner contribuis property with a built-in gain ar loan ? For InS Uas Only H "Yon," attach sistersant jam Iratructional N Partmar's Share of Net Unescognbed Saction TOijc) Gain ar (Loan Baginning Ending For Paperwork Reduction Act Nation, was the Instructions for Form 10es. 11 304R K-1 Farm 1034 THIS FORM IS A SIMULATION OF AN OFFICIAL U.S. TAX FORM. IT IS NOT THE OFFICIAL FORM ITSELF. DO NOT USE THIS FORM FOR TAX FILINGS OR FOR ANY PURPOSE OTHER THAN EDUCATIONAL. SOURCE: IT.qBY