2023 1065 Khin Investments LLC
2023 1065 Khin Investments LLC
CONFIDENTIAL
For professional services rendered in connection with the preparation of your 2023 partnership
tax return:
Signature: You are using the Personal Identification Number (PIN) for signing your return
electronically. A partner should sign and date Form 8879-PE, IRS e-file
Signature Authorization for Form 1065 and mail it as soon as possible to:
The form must be signed and returned before the electronic file can be
transmitted to the IRS.
Other: Your return is being filed electronically with the IRS and is not required to be
mailed. If a paper copy of Form 1065 is mailed to the IRS it will delay
processing of the return.
Form 8879-PE E-file Authorization for Form 1065 OMB No. 1545-0123
(For return of partnership income or administrative adjustment request)
As a Partner or Member or PR of the partnership, I will enter my PIN as my signature on the partnership's 2023
electronically filed return of partnership income or AAR.
33566256181
ERO’s EFIN/PIN. Enter your six-digit EFIN followed by your five-digit self-selected PIN.
Don’t enter all zeros
I certify that the above numeric entry is my PIN, which is my signature on the 2023 electronically filed return of partnership income or
AAR for the partnership indicated above. I confirm that I am submitting this return or AAR in accordance with the requirements of Pub.
3112, IRS e-file Application and Participation, and Pub. 4163, Modernized e-File (MeF) Information for Authorized IRS e-file Providers
for Business Returns.
DAA
Form 1065 U.S. Return of Partnership Income OMB No. 1545-0123
4 Ordinary income (loss) from other partnerships, estates, and trusts (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Net farm profit (loss) (attach Schedule F (Form 1040)) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Net gain (loss) from Form 4797, Part II, line 17 (attach Form 4797) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Other income (loss) (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Total income (loss). Combine lines 3 through 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9 Salaries and wages (other than to partners) (less employment credits) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Deductions (see instructions for limitations)
25 Interest due under the look-back method—income forecast method (attach Form 8866) . . . . . . . . . . . . . . . . . . . . . . 25
26 BBA AAR imputed underpayment (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
27 Other taxes (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
28 Total balance due. Add lines 24 through 27 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
29 Elective payment election amount from Form 3800 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
30 Payment (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
31 Amount owed. If the sum of line 29 and line 30 is smaller than line 28, enter amount owed . . . . . . . . . . . . . . . . . . 31
32 Overpayment. If the sum of line 29 and line 30 is larger than line 28, enter overpayment . . . . . . . . . . . . . . . . . . . . . 32
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge
Sign and belief, it is true, correct, and complete. Declaration of preparer (other than partner or limited liability company member) is based on all information
of which preparer has any knowledge. May the IRS discuss this return
Here with the preparer shown below?
See instructions. Yes No
Signature of partner or limited liability company member Date
Print/Type preparer's name Preparer's signature Date Check if PTIN
Paid DANNY K. KIM, CPA DANNY K. KIM, CPA 04/11/24 self-employed P00364856
Preparer FFirm's name KIM & ASSOCIATES INC Firm's EIN 06-1675227
Use Only Firm's address 4050 BROCKTON AVE STE 1
RIVERSIDE, CA 92501 Phone no. 951-788-1410
For Paperwork Reduction Act Notice, see separate instructions. Form 1065 (2023)
DAA
Form 1065 (2023) KHIN INVESTMENTS LLC 92-1812217 Page 2
Schedule B Other Information
1 What type of entity is filing this return? Check the applicable box: Yes No
a Domestic general partnership b Domestic limited partnership
c Domestic limited liability company d Domestic limited liability partnership
e Foreign partnership f Other: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 At the end of the tax year:
a Did any foreign or domestic corporation, partnership (including any entity treated as a partnership), trust, or tax-
exempt organization, or any foreign government own, directly or indirectly, an interest of 50% or more in the profit,
loss, or capital of the partnership? For rules of constructive ownership, see instructions. If “Yes,” attach Schedule
B-1, Information on Partners Owning 50% or More of the Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
b Did any individual or estate own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of
the partnership? For rules of constructive ownership, see instructions. If “Yes,” attach Schedule B-1, Information
on Partners Owning 50% or More of the Partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
3 At the end of the tax year, did the partnership:
a Own directly 20% or more, or own, directly or indirectly, 50% or more of the total voting power of all classes of
stock entitled to vote of any foreign or domestic corporation? For rules of constructive ownership, see instructions.
If “Yes,” complete (i) through (iv) below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
(i) Name of Corporation (ii) Employer Identification (iii) Country of (iv) Percentage
Number (if any) Incorporation Owned in Voting Stock
b Own directly an interest of 20% or more, or own, directly or indirectly, an interest of 50% or more in the profit, loss,
or capital in any foreign or domestic partnership (including an entity treated as a partnership) or in the beneficial
interest of a trust? For rules of constructive ownership, see instructions. If “Yes,” complete (i) through (v) below . . . . . . . . . . . . . . . . . . . . . . X
(ii) Employer (v) Maximum
(i) Name of Entity (iii) Type of (iv) Country of
Identification Percentage Owned in
Number (if any) Entity Organization Profit, Loss, or Capital
4 Does the partnership satisfy all four of the following conditions? Yes No
a The partnership’s total receipts for the tax year were less than $250,000.
b The partnership’s total assets at the end of the tax year were less than $1 million.
c Schedules K-1 are filed with the return and furnished to the partners on or before the due date (including extensions)
for the partnership return.
d The partnership is not filing and is not required to file Schedule M-3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
If “Yes,” the partnership is not required to complete Schedules L, M-1, and M-2; item F on page 1 of Form 1065;
or item L on Schedule K-1.
5 Is this partnership a publicly traded partnership, as defined in section 469(k)(2)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
6 During the tax year, did the partnership have any debt that was canceled, was forgiven, or had the terms modified
so as to reduce the principal amount of the debt? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Has this partnership filed, or is it required to file, Form 8918, Material Advisor Disclosure Statement, to provide
information on any reportable transaction? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8 At any time during calendar year 2023, did the partnership have an interest in or a signature or other authority over
a financial account in a foreign country (such as a bank account, securities account, or other financial account)?
See instructions for exceptions and filing requirements for FinCEN Form 114, Report of Foreign Bank and
Financial Accounts (FBAR). If “Yes,” enter the name of the foreign country X
9 At any time during the tax year, did the partnership receive a distribution from, or was it the grantor of, or transferor
to, a foreign trust? If “Yes,” the partnership may have to file Form 3520, Annual Return To Report Transactions With
Foreign Trusts and Receipt of Certain Foreign Gifts. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10a Is the partnership making, or had it previously made (and not revoked), a section 754 election? If “Yes,” enter the
effective date of the election . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
See instructions for details regarding a section 754 election.
b For this tax year, did the partnership make an optional basis adjustment under section 743(b)? If “Yes,” enter the total
aggregate net positive amount $ and the total aggregate net negative amount $ ( )
of such section 743(b) adjustments for all partners made in the tax year. The partnership must also attach a statement
showing the computation and allocation of each basis adjustment. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
DAA Form 1065 (2023)
Form 1065 (2023) KHIN INVESTMENTS LLC 92-1812217 Page 3
Schedule B Other Information (continued) Yes No
c
For this tax year, did the partnership make an optional basis adjustment under section 734(b)? If “Yes,” enter the total
aggregate net positive amount $ and the total aggregate net negative amount $( )
of such section 734(b) adjustments for all partnership property made in the tax year. The partnership must also attach
a statement showing the computation and allocation of each basis adjustment. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
d For this tax year, is the partnership required to adjust the basis of partnership property under section 743(b) or 734(b)
because of a substantial built-in loss (as defined under section 743(d)) or substantial basis reduction (as defined under
section 734(d))? If “Yes,” enter the total aggregate amount of such section 743(b) adjustments and/or section 734(b)
adjustments for all partners and/or partnership property made in the tax year $ . The partnership must
also attach a statement showing the computation and allocation of the basis adjustment. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . X
11 Check this box if, during the current or prior tax year, the partnership distributed any property received in a like-
kind exchange or contributed such property to another entity (other than disregarded entities wholly owned by the
partnership throughout the tax year) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 At any time during the tax year, did the partnership distribute to any partner a tenancy-in-common or other
undivided interest in partnership property? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13 If the partnership is required to file Form 8858, Information Return of U.S. Persons With Respect to Foreign
Disregarded Entities (FDEs) and Foreign Branches (FBs), enter the number of Forms 8858 attached. See
instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0
14 Does the partnership have any foreign partners? If “Yes,” enter the number of Forms 8805, Foreign Partner’s
Information Statement of Section 1446 Withholding Tax, filed for this partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
15 Enter the number of Forms 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships, attached
to this return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0
16a Did you make any payments in 2023 that would require you to file Form(s) 1099? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b If “Yes,” did you or will you file required Form(s) 1099? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17 Enter the number of Forms 5471, Information Return of U.S. Persons With Respect to Certain Foreign Corporations,
attached to this return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0
18 Enter the number of partners that are foreign governments under section 892 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0
19 During the partnership’s tax year, did the partnership make any payments that would require it to file Forms 1042
and 1042-S under chapter 3 (sections 1441 through 1464) or chapter 4 (sections 1471 through 1474)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20 Was the partnership a specified domestic entity required to file Form 8938 for the tax year? See the Instructions
for Form 8938 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21 Is the partnership a section 721(c) partnership, as defined in Regulations section 1.721(c)-1(b)(14)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22 During the tax year, did the partnership pay or accrue any interest or royalty for which one or more partners are
not allowed a deduction under section 267A? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
If “Yes,” enter the total amount of the disallowed deductions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
23 Did the partnership have an election under section 163(j) for any real property trade or business or any farming
business in effect during the tax year? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
24 Does the partnership satisfy one or more of the following? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
a The partnership owns a pass-through entity with current, or prior year carryover, excess business interest expense.
b The partnership’s aggregate average annual gross receipts (determined under section 448(c)) for the 3 tax years
preceding the current tax year are more than $29 million and the partnership has business interest expense.
c The partnership is a tax shelter (see instructions) and the partnership has business interest expense.
If “Yes” to any, complete and attach Form 8990.
25 Is the partnership attaching Form 8996 to certify as a Qualified Opportunity Fund? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
If “Yes,” enter the amount from Form 8996, line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
26 Enter the number of foreign partners subject to section 864(c)(8) as a result of transferring all or a portion of an
interest in the partnership or of receiving a distribution from the partnership . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0
Complete Schedule K-3 (Form 1065), Part XIII, for each foreign partner subject to section 864(c)(8) on a transfer or distribution.
27 At any time during the tax year, were there any transfers between the partnership and its partners subject to the
disclosure requirements of Regulations section 1.707-8? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28 Since December 22, 2017, did a foreign corporation directly or indirectly acquire substantially all of the properties
constituting a trade or business of your partnership, and was the ownership percentage (by vote or value) for
purposes of section 7874 greater than 50% (for example, the partners held more than 50% of the stock of the
foreign corporation)? If “Yes,” list the ownership percentage by vote and by value. See instructions.
Percentage: By vote: By value: X
29 Is the partnership required to file Form 7208 relating to the excise tax on repurchase of corporate stock (see
instructions):
a Under the applicable foreign corporation rules? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Form 1065 (2023)
DAA
Form 1065 (2023) KHIN INVESTMENTS LLC 92-1812217 Page 4
Schedule B Other Information (continued) Yes No
b Under the covered surrogate foreign corporation rules? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If “Yes” to either (a) or (b), complete Form 7208, Excise Tax on Repurchase of Corporate Stock. See the
Instructions for Form 7208.
30 At any time during this tax year, did the partnership (a) receive (as a reward, award, or payment for property or
services); or (b) sell, exchange, or otherwise dispose of a digital asset (or financial interest in a digital asset)? See
instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . X
31 Is the partnership electing out of the centralized partnership audit regime under section 6221(b)? See instructions X
If “Yes,” the partnership must complete Schedule B-2 (Form 1065). Enter the total from Schedule B-2, Part III,
line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If “No,” complete Designation of Partnership Representative below.
Designation of Partnership Representative (see instructions)
Enter below the information for the partnership representative (PR) for the tax year covered by this return.
Name of PR DANY KHIN
U.S. address 28803 BROOKHILL CT U.S. phone
of PR MENIFEE CA 92584 number of PR 951-264-4556
If the PR is an entity, name of the designated individual for the PR
U.S. address of U.S. phone number of
designated individual designated individual
Form 1065 (2023)
DAA
Form 1065 (2023) KHIN INVESTMENTS LLC 92-1812217 Page 5
Schedule K Partners’ Distributive Share Items Total amount
1 Ordinary business income (loss) (page 1, line 23) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2 Net rental real estate income (loss) (attach Form 8825) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 -10,448
3a Other gross rental income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3a
b Expenses from other rental activities (attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . 3b
c Other net rental income (loss). Subtract line 3b from line 3a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3c
Income (Loss)
c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468, if applicable) . . . . . . . . . . . . . . . . . 15c
d Other rental real estate credits (see instructions) Type: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15d
e Other rental credits (see instructions) Type: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15e
f Other credits (see instructions) Type: 15f
Other Information Minimum Tax national
16 Attach Schedule K-2 (Form 1065), Partners’ Distributive Share Items—International, and check
Inter-
this box to indicate that you are reporting items of international tax relevance . . . . . . . . . . . . . . . . . . . . . . .
DAA
Form 1065 (2023) KHIN INVESTMENTS LLC 92-1812217 Page 6
Analysis of Net Income (Loss) per Return
1 Net income (loss). Combine Schedule K, lines 1 through 11. From the result, subtract the sum of Schedule K, lines 12 through 13e, and 211 -10,448
2 Analysis by (ii) Individual (iii) Individual (v) Exempt (vi)
(i) Corporate (iv) Partnership
partner type: (active) (passive) Organization Nominee/Other
a General partners
b Limited partners -10,448
Schedule L Balance Sheets per Books Beginning of tax year End of tax year
Assets (a) (b) (c) (d)
1 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,767
2a Trade notes and accounts receivable . . . . .
b Less allowance for bad debts . . . . . . . . . . . . . .
3 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 U.S. Government obligations . . . . . . . . . . . . . .
5 Tax-exempt securities . . . . . . . . . . . . . . . . . . . . .
6 Other current assets
(attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7a Loans to partners (or persons related to partners)
b Mortgage and real estate loans . . . . . . . . . . . .
8 Other investments
(attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9a Buildings and other depreciable assets . . . 412,210
b Less accumulated depreciation . . . . . . . . . . . . 9,381 402,829
10a Depletable assets . . . . . . . . . . . . . . . . . . . . . . . . . .
b Less accumulated depletion . . . . . . . . . . . . . . .
11 Land (net of any amortization) . . . . . . . . . . . . . 320,000
12a Intangible assets (amortizable only) . . . . . . . 6,722
b Less accumulated amortization . . . . . . . . . . . . 1,232 5,490
13 Other assets
(attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14 Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 755,086
Liabilities and Capital
15 Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . .
16 Mortgages, notes, bonds payable in less than 1 year
17 Other current liabilities
(attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18 All nonrecourse loans . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19a Loans from partners (or persons related to partners)
b Mortgages, notes, bonds payable in 1 year or more . .
20 Other liabilities
(attach statement) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21 Partners’ capital accounts . . . . . . . . . . . . . . . . . . . . . . . . . 755,086
22 Total liabilities and capital ................. 755,086
Schedule M-1 Reconciliation of Income (Loss) per Books With Analysis of Net Income (Loss) per Return
Note: The partnership may be required to file Schedule M-3. See instructions.
1 Net income (loss) per books . . . . . . . . . . . -10,448 6 Income recorded on books this year not included
2 Income included on Schedule K, lines 1, 2, 3c, on Schedule K, lines 1 through 11 (itemize):
5, 6a, 7, 8, 9a, 10, and 11, not recorded on a Tax-exempt interest$ . . . . . . . . . . . . . . . . . . . . . . . . . . .
books this year
(itemize): . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ................................................
. ........................................ . ................................................
3 Guaranteed payments (other than health insurance) . . 7 Deductions included on Schedule K, lines 1 through 13e,
4 Expenses recorded on books this year not and 21, not charged against book income this year (itemize):
included on Schedule K, lines 1 through
13e, and 21 (itemize): a Depreciation $ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
a Depreciation $ ......................... . ................................................
b Travel and
entertainment $ ......................... . ................................................
. ........................................ 8 Add lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
. ........................................ 9 Income (loss) (Analysis of Net Income
5 Add lines 1 through 4 .................. -10,448 (Loss), line 1). Subtract line 8 from line 5 . . . . . . -10,448
Schedule M-2 Analysis of Partners’ Capital Accounts
1 Balance at beginning of year . . . . . . . . . . 6 Distributions: a Cash . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Capital contributed: a Cash . . . . . . . . . . 765,534 b Property . . . . . . . . . . . . . . . . . . . . . . .
b Property . . . . . . 7 Other decreases
3 Net income (loss) (see instructions) . . . -10,448 (itemize): .......................................
4 Other increases
(itemize): . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ................................................
.......................................... 8 Add lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5 Add lines 1 through 4 .................. 755,086 9 Balance at end of year. Subtract line 8 from line 5 755,086
DAA Form 1065 (2023)
Form 8825
(Rev. November 2018)
Rental Real Estate Income and Expenses of a
Partnership or an S Corporation OMB No. 1545-0123
Department of the Treasury Attach to Form 1065 or Form 1120S.
Internal Revenue Service Go to www.irs.gov/Form8825 for the latest information.
Name Employer identification number
KHIN INVESTMENTS LLC 92-1812217
1 Show the type and address of each property. For each rental real estate property listed, report the number of days rented at fair
rental value and days with personal use. See instructions. See page 2 to list additional properties.
Physical address of each property—street, city, state, Type—Enter code 1-8;
ZIP code see page 2 for list Fair Rental Days Personal Use Days
STOCK UP SELF STORAGE
7831 MOSS AVE
. ............................................................................................................................................................
A
CALIFORNIA CITY CA 93505 7
SELF-RENTAL 365
. ............................................................................................................................................................
B
. ............................................................................................................................................................
C
. ............................................................................................................................................................
D
Properties
Rental Real Estate Income A B C D
2 Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . 2 47,577
Rental Real Estate Expenses
3 Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5,000
4 Auto and travel . . . . . . . . . . . . . . . . . . . . . . 4
5 Cleaning and maintenance . . . . . . . . . . 5
6 Commissions . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 7,082
8 Legal and other professional fees . . . 8
9 Interest (see instructions) . . . . . . . . . . . 9
10 Repairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 2,050
11 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 8,800
12 Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 1,980
13 Wages and salaries . . . . . . . . . . . . . . . . . 13
14 Depreciation (see instructions) . . . . . . 14 9,381
15 Other (list) . . . . . . . . . . . . . . . . . . . . . . . .
SEE STATEMENT 1
. ...................................... 15 23,732
16 Total expenses for each property.
Add lines 3 through 15 . . . . . . . . . . . . . . 16 58,025
17 Income or (loss) from each property.
Subtract line 16 from line 2 . . . . . . . . . . 17 -10,448
18a Total gross rents. Add gross rents from line 2, columns A through H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18a 47,577
b Total expenses. Add total expenses from line 16, columns A through H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18b ( 58,025 )
19 Net gain (loss) from Form 4797, Part II, line 17, from the disposition of property from rental real
estate activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
20a Net income (loss) from rental real estate activities from partnerships, estates, and trusts in which
this partnership or S corporation is a partner or beneficiary (from Schedule K-1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20a
b Identify below the partnerships, estates, or trusts from which net income (loss) is shown on line
20a. Attach a schedule if more space is needed.
(1) Name (2) Employer identification number
......................................................................................... . ...................
......................................................................................... . ...................
......................................................................................... . ...................
21 Net rental real estate income (loss). Combine lines 18a through 20a. Enter the result here and on: 21 -10,448
Form 1065 or 1120S: Schedule K, line 2
For Paperwork Reduction Act Notice, see instructions. Form 8825 (Rev. 11-2018)
DAA
PARTNER# 1
Final K-1 Amended K-1 OMB No. 1545-0123
Schedule K-1
(Form 1065)
2023 Part III Partner's Share of Current Year Income,
Deductions, Credits, and Other Items
Department of the Treasury 1 Ordinary business income (loss) 14 Self-employment earnings (loss)
Internal Revenue Service For calendar year 2023, or tax year
Part II Information About the Partner 6b Qualified dividends 18 Tax-exempt income and
E Partner’s SSN or TIN (Do not use TIN of a disregarded entity. See instructions.)
nondeductible expenses
603-75-2923
F Name, address, city, state, and ZIP code for partner entered in E. See instructions. 6c Dividend equivalents
DANY KHIN
7 Royalties
28803 BROOKHILL CT
MENIFEE CA 92584 8 Net short-term capital gain (loss)
19 Distributions
G General partner or LLC
member-manager
X Limited partner or other LLC
member 9a Net long-term capital gain (loss)
H1 X Domestic partner Foreign partner
H2 If the partner is a disregarded entity (DE), enter the partner’s: 9b Collectibles (28%) gain (loss)
20 Other information
TIN
Name 9c Unrecaptured section 1250 gain
Part II Information About the Partner 6b Qualified dividends 18 Tax-exempt income and
E Partner’s SSN or TIN (Do not use TIN of a disregarded entity. See instructions.)
nondeductible expenses
846-55-0646
F Name, address, city, state, and ZIP code for partner entered in E. See instructions. 6c Dividend equivalents
KUNTHEA BRACH KHIN
7 Royalties
28803 BROOKHILL CT
MENIFEE CA 92584 8 Net short-term capital gain (loss)
19 Distributions
G General partner or LLC
member-manager
X Limited partner or other LLC
member 9a Net long-term capital gain (loss)
H1 X Domestic partner Foreign partner
H2 If the partner is a disregarded entity (DE), enter the partner’s: 9b Collectibles (28%) gain (loss)
20 Other information
TIN
Name 9c Unrecaptured section 1250 gain
Part II Individuals or Estates Owning 50% or More of the Partnership (Form 1065, Schedule B, Question 2b
(Question 3b for 2009 through 2017))
Complete columns (i) through (iv) below for any individual or estate that owns, directly or indirectly, an interest of 50% or more in the
profit, loss, or capital of the partnership (see instructions).
(iv) Maximum
(ii) Identifying Number Percentage Owned in
(i) Name of Individual or Estate (iii) Country of Citizenship (see instructions)
(if any) Profit, Loss,
or Capital
DANY KHIN
603-75-2923 UNITED STATES 50.000000
KUNTHEA BRACH KHIN
846-55-0646 UNITED STATES 50.000000
For Paperwork Reduction Act Notice, see the Instructions for Form 1065. Schedule B-1 (Form 1065) (Rev. 8-2019)
DAA
Depreciation and Amortization
Form 4562 (Including Information on Listed Property)
OMB No. 1545-0172
2023
Department of the Treasury
Attach to your tax return.
Attachment
Internal Revenue Service Go to www.irs.gov/Form4562 for instructions and the latest information. Sequence No. 179
Name(s) shown on return Identifying number
KHIN INVESTMENTS LLC 92-1812217
Business or activity to which this form relates
STOCK UP SELF STORAGE
Part I Election To Expense Certain Property Under Section 179
Note: If you have any listed property, complete Part V before you complete Part I.
1 Maximum amount (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 1,160,000
2 Total cost of section 179 property placed in service (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Threshold cost of section 179 property before reduction in limitation (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 2,890,000
4 Reduction in limitation. Subtract line 3 from line 2. If zero or less, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Dollar limitation for tax year. Subtract line 4 from line 1. If zero or less, enter -0-. If married filing separately, see instructions . . . . . . . 5
6 (a) Description of property (b) Cost (business use only) (c) Elected cost
%
27 Property used 50% or less in a qualified business use:
% S/L-
% S/L-
28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 . . . . . . . . . . . . . . . . . . 28
29 Add amounts in column (i), line 26. Enter here and on line 7, page 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Section B—Information on Use of Vehicles
Complete this section for vehicles used by a sole proprietor, partner, or other “more than 5% owner,” or related person. If you provided vehicles
to your employees, first answer the questions in Section C to see if you meet an exception to completing this section for those vehicles.
(a) (b) (c) (d) (e) (f)
Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 4 Vehicle 5 Vehicle 6
30 Total business/investment miles driven during
the year (don't include commuting miles) . . . . . . . . .
31 Total commuting miles driven during the year . . . . .
32 Total other personal (noncommuting)
miles driven . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
33 Total miles driven during the year. Add
lines 30 through 32 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
34 Was the vehicle available for personal Yes No Yes No Yes No Yes No Yes No Yes No
use during off-duty hours? . . . . . . . . . . . . . . . . . . . . . . . . .
35 Was the vehicle used primarily by a more
than 5% owner or related person? . . . . . . . . . . . . . . . . .
36 Is another vehicle available for personal use? . . . . .
Section C—Questions for Employers Who Provide Vehicles for Use by Their Employees
Answer these questions to determine if you meet an exception to completing Section B for vehicles used by employees who aren't
more than 5% owners or related persons. See instructions.
37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by Yes No
your employees? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
38 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your
employees? See the instructions for vehicles used by corporate officers, directors, or 1% or more owners . . . . . . . . . . . . . . . . . . . . . . .
39 Do you treat all use of vehicles by employees as personal use? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
40 Do you provide more than five vehicles to your employees, obtain information from your employees about the
use of the vehicles, and retain the information received? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
41 Do you meet the requirements concerning qualified automobile demonstration use? See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Note: If your answer to 37, 38, 39, 40, or 41 is “Yes,” don’t complete Section B for the covered vehicles.
Part VI Amortization
(e)
(a) (b) (c) (d) (f)
Amortization
Description of costs Date amortization Amortizable amount Code section Amortization for this year
period or
begins
percentage
42 Amortization of costs that begins during your 2023 tax year (see instructions):
ESCROW FEE
02/02/23 6,722 195 5.0 1,232
43 Amortization of costs that began before your 2023 tax year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
44 Total. Add amounts in column (f). See the instructions for where to report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44 1,232
DAA Form 4562 (2023)
92-1812217 Federal Statements
1
Filing Instructions
Signature: A partner should sign and date Form 8453-LLC, California e-file Return
Authorization for Limited Liability Companies. Mail it as soon as possible to:
The form must be signed and returned before the electronic file can be
transmitted to the California Franchise Tax Board.
Other: Your return is being filed electronically with the California Franchise Tax Board,
and is not required to be mailed. If you mail a paper copy of Form 568 to the
California Franchise Tax Board it will delay processing of your return.
Filing Instructions
Remittance: You have authorized the California Franchise Tax Board to debit your PNC
BANK Checking account for the amount of $800 on April 15, 2024. Please keep
this filing instruction as a reminder of the amount to be withdrawn from your
account.
Other: Your return is being filed electronically with the California Franchise Tax Board
and is not required to be mailed. If you mail a paper copy of Form 3522 to the
California Franchise Tax Board it will delay processing of your return.
DO NOT MAIL THIS FORM TO FTB
034
Date Accepted
TAXABLE YEAR
California e-file Return Authorization for FORM
Part III Make Annual Tax or Estimated Fee Payment for Taxable Year 2024 This is not an installment payment for the
current amount the LLC owes.
Annual Tax Payment Estimated Fee Payment
7 Amount 800
8 Withdrawal date
(mm/dd/yyyy) 04-15-2024
Part IV Pass-Through Entity (PTE) Elective Tax Payment for Taxable Year 2024
First Payment
9 Amount
10 Withdrawal date
(mm/dd/yyyy)
Part V Banking Information (Have you verified the LLC's banking information?)
11 Routing number 083009060
12 Account number 3809346245 13 Type of account: X Checking Savings
Part VI Declaration of Authorized Member or Manager
I authorize the limited liability company account to be settled as designated in Parts II, III, IV, and V. If I check box 6, I authorize an electronic funds
withdrawal for the amount listed on line 6a, line 6c, any 2024 annual tax or estimated fee payment amounts listed on Part III, line 7, and on Part IV, line 9
from the bank account specified in Part V.
Under penalties of perjury, I declare that I am an authorized member or manager of the above limited liability company and that the information I provided
to my electronic return originator (ERO), transmitter, or intermediate service provider and the amounts in Part I above agree with the amounts on the
corresponding lines of the limited liability company’s 2023 California income tax return. To the best of my knowledge and belief, the limited liability company’s
return is true, correct, and complete. If the limited liability company is filing a balance due return, I understand that if the Franchise Tax Board (FTB) does
not receive full and timely payment of the limited liability company’s tax liability, the limited liability company will remain liable for the tax liability and all
applicable interest and penalties. I authorize the limited liability company return and accompanying schedules and statements be transmitted to the FTB
by my ERO, transmitter, or intermediate service provider. If the processing of the limited liability company’s return or refund is delayed, I authorize the
FTB to disclose to my ERO or intermediate service provider the reason(s) for the delay or the date when the refund was sent.
Preparer
signature employed
Firm's FEIN
Must Firm's name (or yours
Sign if self-employed) ZIP code
and address
I consent to allow my ERO, Intermediate Service Provider, and/or my Transmitter to send this business return
to the FTB. Additionally, I consent to allow FTB to send my ERO, Intermediate Service Provider, and/or my
Transmitter an acknowledgment of receipt of transmission and an indication of whether or not this business return
is accepted, and, if rejected the reason(s) for the rejection. If the processing of the return or refund is delayed,
I authorize the FTB to disclose to my Intermediate Service Provider and/or Transmitter the reason(s) for the delay,
or when the refund was sent.
By using this system to prepare and submit this tax return, I consent to the disclosure to the FTB of all information
pertaining to my use of this system, including the Internet Provider address.
TAXABLE YEAR Limited Liability Company CALIFORNIA FORM
I (1) During this taxable year, did this LLC acquire control or majority ownership (more than a 50% interest) in another
legal entity?
If yes, did the acquired entity(ies) own California real property (i.e., land, buildings), lease such property for a term of 35
years or more, or lease such property from a government agency for any term? If yes to both questions, answer yes. Yes X No
(2) During this taxable year, did another person or legal entity acquire control or majority ownership (more than a 50%
interest) of this LLC or any legal entity in which the partnership holds a controlling or majority interest?
If yes, did the acquired entity(ies) own California real property (i.e., land, buildings), lease such property for a term of 35
years or more, or lease such property from a government agency for any term? If yes to both questions, answer yes. Yes X No
(3) Has California real property (i.e., land, buildings) transferred to the LLC that was excluded from property tax
reassessment under Revenue and Taxation Code Section 62(a)(2)?
If yes, during this taxable year, has more than 50% of the LLC's ownership interests cumulatively transferred in one
or more transactions and it was not reported on a previous year's tax return? If yes to both questions, answer yes. Yes X No
(Yes requires filing of BOE-100-B statement, penalties may apply – see instructions.)
Complete Schedule IW, LLC Income Worksheet (on Side 7) first to determine line 1. Whole dollars only
1 Total income from Schedule IW, Limited Liability Company Income Worksheet. See instructions ........... 1 47,577 00
2 Limited Liability Company fee. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 00
3 2023 annual Limited Liability Company tax. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 00
4 Pass-through entity elective tax. See instructions .............................................. 4 00
Enclose, but do not staple,
7 Total tax and fee. Add line 2, line 3, line 4, line 5, and line 6 .................................. 7 00
8 Amount paid with form FTB 3537 and 2023 form FTB 3522 and form FTB 3536 .............. 8 0 00
9 Amounts paid for pass-through entity elective tax .............................................. 9 00
10 Overpayment from prior year allowed as a credit ............................................... 10 00
11 Withholding (Form 592-B and/or 593) ........................................................... 11 0 00
12 Total payments. Add line 8, line 9, line 10 and line 11 ......................................... 12 00
13 Use tax. This is not a total line. See instructions ............................................. 13 00
14 Payments balance. If line 12 is more than line 13, subtract line 13 from line 12 ............... 14 00
15 Use tax balance. If line 13 is more than line 12, subtract line 12 from line 13 ................. 15 00
16 Tax and fee due. If line 7 is more than line 14, subtract line 14 from line 7 .................... 16 00
17 Overpayment. If line 14 is more than line 7, subtract line 7 from line 14 . . . . . . . . . . . . . . . . . . . . . . . 17 00
M (1) Is this LLC apportioning or allocating income to California using Schedule R? .......................................... Yes X No
(2) If "No," was this LLC registered in California without earning any income sourced in this state during the taxable year? Yes No
N Was there a distribution of property or a transfer (for example, by sale or death) of an LLC interest during the taxable year? Yes X No
P (1) Does the LLC have any foreign (non-U.S.) nonresident members? ..................................................... Yes X No
(2) Does the LLC have any domestic (non-foreign) nonresident members? ................................................ Yes X No
(3) Were Form 592, Form 592-A, Form 592-B, Form 592-F, and Form 592-PTE filed for these members? ............... Yes X No
Q Are any members in this LLC also LLCs or partnerships? ................................................................... Yes X No
R Is this LLC under audit by the IRS or has it been audited in a prior year? ................................................... Yes X No
S Is this LLC a member or partner in another multiple member LLC or partnership? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes X No
If “Yes,” complete Schedule EO, Part I.
T Is this LLC a publicly traded partnership as defined in IRC Section 469(k)(2)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes X No
U (1) Is this LLC a business entity disregarded for tax purposes? ............................................................. Yes X No
(2) If “Yes,” see instructions and complete Side 1, Side 2, Side 3, Schedule B, Side 5, and Side 7, if applicable. Are there
credits or credit carryovers attributable to the disregarded entity? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No
(3) If “Yes” to U(1), does the disregarded entity have total income derived from or attributable to California that is less than
the LLC's total income from all sources? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No
V Has the LLC included a Reportable Transaction, or Listed Transaction within this return?
(See instructions for definitions). If "Yes," complete and attach federal Form 8886 for each transaction . . . . . . . . . . . . . . . . . . . . Yes X No
W Did this LLC file the Federal Schedule M-3 (federal Form 1065)? ........................................................... Yes X No
X Is this LLC a direct owner of an entity that filed a federal Schedule M-3? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes X No
Y Does the LLC have a beneficial interest in a trust or is it a grantor of a Trust? .............................................. Yes X No
If "Yes," attach schedule of trusts and federal identification numbers.
Z Does this LLC own an interest in a business entity disregarded for tax purposes? ......................................... Yes X No
If "Yes," complete Schedule EO, Part II.
AA Is any member of the LLC related (as defined in IRC Section 267(c)(4)) to any other member of the LLC? .............. Yes X No
BB Is any member of the LLC a trust for the benefit of any person related (as defined in IRC Section 267(c)(4))
to any other member? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes X No
(continued on Side 3)
Side 2 Form 568 2023 034 3672234
KHIN INVESTMENTS LLC
92-1812217
(continued from Side 2)
CC (1) Is the LLC deferring any income from the disposition of assets? (see instructions) .................................. Yes X No
(2) If “Yes”, provide prior FEIN(s) if different, business name(s), and entity type(s) for prior returns
filed with the FTB and/or IRS (see instructions):
(2) Is this the first year of doing business in California? .................................................................. X Yes No
HH Is the LLC a section 721(c) partnership, as defined in Treasury Regulations Section 1.721(c)-1T(b)(14)? .............. Yes No
II At any time during the tax year, were there any transfers between the LLC and its members subject to the
disclosure requirements of Regulations section 1.707-8? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No
JJ Check if the LLC: (1) Aggregated activities for IRC Section 465 at-risk purposes
(2) Grouped activities for IRC Section 469 passive activity purposes
KK
(1) Has this business entity previously filed an unclaimed property Holder Remit Report with the State Controller's Office? Yes X No
(2) If “Yes,” when was the last report filed? (mm/dd/yyyy) (3) Amount last remitted $
Single Member LLC Information and Consent — Complete only if the LLC is disregarded. Federal TIN/SSN
Sole Owner's name (as shown on owner's return) FEIN/CA Corp no./CA SOS File no.
Signature Date
Our privacy notice can be found in annual tax booklets or online. Go to ftb.ca.gov/privacy to learn about our privacy policy statement, or go to ftb.ca.gov/forms and search for
1131 to locate FTB 1131 EN-SP, Franchise Tax Board Privacy Notice on Collection. To request this notice by mail, call 800.338.0505 and enter form code 948 when instructed.
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.
Sign Signature Date
Here of authorized
member or Telephone
manager
May the FTB discuss this return with the preparer shown above (see instructions)? ....................... Yes No
Total the amount of tax due. Enter the total here and on Side 1, line 4. If less than zero enter -0- .......................
c Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4c 0
5 Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Royalties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Net short-term capital gain (loss). Attach Schedule D (568) 8
9
10
Net long-term capital gain (loss). Attach Schedule D (568) 9
a Total gain under IRC Section 1231 (other than due to
casualty or theft) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10a
b Total loss under IRC Section 1231 (other than due to
casualty or theft) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10b
11 a Other portfolio income (loss). Attach sch. . . . . . . . . . . . . . . . . 11a 0
b Total other income. Attach sch. . . . . . . . . . . . . . . . . . . . . . . . . 11b
c Total other loss. Attach schedule . . . . . . . . . . . . . . . . . 11c
12 Expense deduction for recovery property (IRC Section 179).
Attach schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13 a Cash contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13a
b Noncash contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13b
Deductions
21a
through 13f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -10,448 -10,448
b Analysis of (a) (b) Individual (c) (d) Exempt (e) (f)
members: Corporate i. Active ii. Passive Partnership Organization Nominee/Other LLC
Members -10,448
034 3675234 Form 568 2023 Side 5
KHIN INVESTMENTS LLC
92-1812217
Schedule L Balance Sheets. See instructions before completing Schedules L, M-1, and M-2.
Beginning of taxable year End of taxable year
Assets (a) (b) (c) (d)
1 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,767
2 a Trade notes and accounts receivable
b Less allowance for bad debts . . . . . . . ( ) ( )
3 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . .
4 U.S. government obligations . . . . . . . . . . .
5 Tax-exempt securities . . . . . . . . . . . . . . . . .
6 Other current assets. Attach schedule . . . . . . . . . . . . . . . 0 0
7 a Loans to members . . . . . . . . . . . . . . . .
b Mortgage and real estate loans . . . . 0 0
8 Other investments. Attach schedule . . . . . . . . . . . . . . . . 0 0
9 a Buildings and other depreciable assets 412,210
b Less accumulated depreciation . . . . ( ) ( 9,381 ) 402,829
10 a Depletable assets . . . . . . . . . . . . . . . . .
b Less accumulated depletion . . . . . . . ( ) ( )
11 Land (net of any amortization) . . . . . . . . . 320,000
12 a Intangible assets (amortizable only) . 6,722
b Less accumulated amortization . . . . ( ) 0( 1,232 ) 5,490
13 Other assets. Attach sch. . . . . . . . . . . . . . . 0 0
14 Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . 755,086
Liabilities and Capital
15 Accounts payable . . . . . . . . . . . . . . . . . . . . .
16 Mortgages, notes, bonds payable in less than 1 year
17 Other current liabilities. Attach sch. . . . . . . . . . . . . . . . . .
18 All nonrecourse loans . . . . . . . . . . . . . . . . .
19 a Loans from members . . . . . . . . . . .
b Mortgages, notes, bonds payable in 1 year or more
20 Other liabilities. Attach schedule . . . . . . . . . . . . . .
21 Members' capital accounts . . . . . . . . . . . . 755,086
22 Total liabilities and capital . . . . . . . . . . . . . 755,086
Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return. Use total amount under California law. See instructions.
1 Net income (loss) per books . . . . . . . . . . . . . . . . -10,448 6 Income recorded on books this year not included on
Schedule K, line 1 through line 11c. Itemize:
2 Income included on Schedule K, line 1 through a Tax-exempt
line 11c not recorded on books interest . . .$ 0
this year. Itemize . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 b Other . . . . . . . . . . $
3 Guaranteed payments (other than health insurance) 0 c Total. Add line 6a and line 6b . . . . . . . . . . . 0
4 Expenses recorded on books this year not included on
7 Deductions included on Schedule K, line 1 through line 13f
Schedule K, line 1 through line 13f. Itemize: not charged against book income this year. Itemize:
a Depreciation . $ 0
b Travel and a Depreciation$ 0
entertainment $ 0
c Annual LLC tax $ 0 b Other . . . . . . . . . . $
.
d Other . . . . . . . . . .$ c Total. Add line 7a and line 7b . . . . . . . . . . . 0
e Total. Add line 4a through line 4d . . . . . . . . . 0 89 Total. Add line 6c and line 7c . . . . . . . . . . . . . . .
Income (loss) (Schedule K, line 21a). Subtract
0
5 Total of line 1 through line 4e . . . . . . . . . . . . . . . . . -10,448 line 8 from line 5. . . . . . . . . . . . . . . . . . . . . . . . . -10,448
Schedule M-2 Analysis of Members' Capital Accounts. Use California amounts.
1 Balance at beginning of year . . . . . . . . . . . . . . . . 5 Total of line 1 through line 4 . . . . . . . . . . . . . . . . 755,086
2 Capital contributed during year 6 Distributions: a Cash . . . . . . . . . . . . . . . .
a Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 765,534 7 Other de- b Property . . . . . . . . . . . . .
b Property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . creases.
Itemize . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Net income (loss) per books . . . . . . . . . . . . . . . . -10,448 8 Total of line 6 and line 7 . . . . . . . . . . . . . . . . . . . 0
4 Other increases. Itemize . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Balance at end of year. Subtract line 8 from line 5 . 755,086
Schedule O Amounts from Liquidation used to Capitalize a Limited Liability Company. (Complete only if initial return box is checked on Side 1, Question H.)
Name of entity liquidated (if more than one, attach a schedule)
Type of entity: (1) C Corporation (2) S Corporation (3) Partnership (4) Limited Partnership (5) Sole Proprietor (6) Farmer
Entity ID number(s): FEIN SSN or ITIN CA Corp. No. CA SOS File No.
Amount of liquidation gains recognized to capitalize the LLC ...........................................................
1 a Total California income from Form 568, Schedule B, line 3. See instructions 1a
b Enter the California cost of goods sold from Form 568, Schedule B, line 2 and from federal
Schedule F (Form 1040) (plus California adjustments) associated with the receipts
assigned to California on lines 1a and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b
2 a If the answer to Question U(1) on Form 568 Side 2, is "Yes", include the gross income of this
disregarded entity that is not included in lines 1 and 8 through 16 . . . . . . . . . . . . . . . . . . . . . 2a
b Enter the cost of goods sold of disregarded entities associated with the receipts assigned to
California on line 2a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2b
3 a LLC’s distributive share of ordinary income from pass-through entities ...... 3a
b Enter the LLC’s distributive share of cost of goods sold from other pass-through entities
associated with the receipt assigned to California on line 3a (see Schedule K-1s (565),
Table 3, line 1a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3b
c Enter the LLC’s distributive share of deductions from other pass-through entities associated
3c
with the receipt assigned to California on line 3a (see Schedule K-1s (565), Table 3, line 1b)
4 Add gross farm income from federal Schedule F (Form 1040). Use California amounts ...... 4
5 Enter the total of other income (not loss) from Form 568, Schedule B, line 10 .. 5
6 Enter the total gains (not losses) from Form 568, Schedule B, line 8. ...................... 6
10 California interest. Enter the amount from Form 568, Schedule K, line 5 ..................................... 10
11 California dividends. Enter the amount from Form 568, Schedule K, line 6 ................................... 11
12 California royalties. Enter the amount from Form 568, Schedule K, line 7 .................................... 12
13 California capital gains. Enter the capital gains (not losses) included in the amounts from Form 568,
Schedule K, lines 8 and 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 California 1231 gains. Enter the amount of total gains (not losses) from Form 568, Schedule K, line 10a ... 14
15 Other California portfolio income (not loss). Enter the amount from Form 568, Schedule K, line 11a ...... 15
16 Other California income (not loss) not included in line 5. Enter the amount from Form 568, Schedule K, line 11b . . . . . . . 16
17 Total California income. Add lines 7, 8c, 9c, 10, 11, 12, 13, 14, 15, and 16. Line 17 may not be a negative number.
Enter here and on Form 568, Side 1, line 1. If less than zero enter -0- ......................................... 17 47,577
1 Enter line 1, column (f) and column (i) totals . . . . . . . . . . . . . . . . . . . . 1 9,381 1,232
Depreciation
Be sure to make adjustments for any basis differences when calculating depreciation.
2 California depreciation for assets placed in service beginning before the 2023 taxable year . . . . . . . . . . . . . . . . . . . . . . 2
3 Total California depreciation. Add line 1(f) totals and line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9,381
Amortization
Be sure to make adjustments for any basis differences when calculating amortization.
4 California amortization for intangibles placed in service beginning before the 2023 taxable year . . . . . . . . . . . . . . . . . 4
5 Total California amortization. Add line 1(i) totals and line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 1,232
6 Total depreciation and amortization. Add line 3 and line 5. Enter the total here and on Form 568, Schedule B, line 17a,
if from a trade or business, or on federal Form 8825, line 14, if from rental real estate activities . . . . . . . . . . . . . . . . . . 6 10,613
7 IRC Section 179 expense deduction from line 12 of the worksheet in the instructions 7
8 Carryover of disallowed deduction to 2024 from line 13 of the worksheet in the instructions . . . . . . . 8
28803 BROOKHILL CT
MENIFEE CA 92584
92-1812217 202354112327
KHIN INVESTMENTS LLC
28803 BROOKHILL CT
MENIFEE CA 92584
(2) S Corporation (5) General Partnership (8) LLC (11 a) Disregarded Entity (DE)
(3) Estate/Trust (6) Limited Partnership (9) IRA/Keogh/SEP (11b) DE owner's name
For Privacy Notice, get FTB 1131 EN-SP. 034 7901234 Schedule K-1 (568) 2023 Side 1
PARTNER# 1 92-1812217
KHIN INVESTMENTS LLC
Member's name Member's identifying number
DANY KHIN 603-75-2923
(2) Check here if this is an investment partnership (R&TC Sections 17955 and 23040.1) .................................................
G Check here if this is: (1) A final Schedule K-1 (568) (2) An amended Schedule K-1 (568)
I Did this member contribute property with a built-in gain or loss? If "Yes" attach statement. See instructions ........................... Yes X No
J Member's share of net unrecognized IRC Section 704(c) gain or (loss) (i) Beginning (ii) Ending
Caution: Refer to Member’s Instructions for Schedule K-1 (568) before entering information from this schedule on your California return.
(a) (b) (c) (d) (e)
Distributive share items Amounts from California adjustments Total amounts using California
federal Schedule K-1 California law. Combine source amounts
(Form 1065) col. (b) and col. (c) and credits
5 Interest income . . . . . . . . . . . . . . . . . . . .
6 Dividends .........................
7 Royalties ..........................
. .................................
d Credits related to other rental activities. Attach schedule
. .................................
e Nonconsenting nonresident members'
tax paid by LLC . . . . . . . . . . . . . . . . . . .
f Other credits – Attach required schedules or statements
. .................................
Alternative Minimum Tax (AMT) Items
b Investment expenses . . . . . . . . . . .
Other
28803 BROOKHILL CT
MENIFEE CA 92584
92-1812217 202354112327
KHIN INVESTMENTS LLC
28803 BROOKHILL CT
MENIFEE CA 92584
(2) S Corporation (5) General Partnership (8) LLC (11 a) Disregarded Entity (DE)
(3) Estate/Trust (6) Limited Partnership (9) IRA/Keogh/SEP (11b) DE owner's name
For Privacy Notice, get FTB 1131 EN-SP. 034 7901234 Schedule K-1 (568) 2023 Side 1
PARTNER# 2 92-1812217
KHIN INVESTMENTS LLC
Member's name Member's identifying number
KUNTHEA BRACH KHIN 846-55-0646
(2) Check here if this is an investment partnership (R&TC Sections 17955 and 23040.1) .................................................
G Check here if this is: (1) A final Schedule K-1 (568) (2) An amended Schedule K-1 (568)
I Did this member contribute property with a built-in gain or loss? If "Yes" attach statement. See instructions ........................... Yes X No
J Member's share of net unrecognized IRC Section 704(c) gain or (loss) (i) Beginning (ii) Ending
Caution: Refer to Member’s Instructions for Schedule K-1 (568) before entering information from this schedule on your California return.
(a) (b) (c) (d) (e)
Distributive share items Amounts from California adjustments Total amounts using California
federal Schedule K-1 California law. Combine source amounts
(Form 1065) col. (b) and col. (c) and credits
5 Interest income . . . . . . . . . . . . . . . . . . . .
6 Dividends .........................
7 Royalties ..........................
. .................................
d Credits related to other rental activities. Attach schedule
. .................................
e Nonconsenting nonresident members'
tax paid by LLC . . . . . . . . . . . . . . . . . . .
f Other credits – Attach required schedules or statements
. .................................
Alternative Minimum Tax (AMT) Items
b Investment expenses . . . . . . . . . . .
Other
. ............................................................................................................................................................
B
. ............................................................................................................................................................
C
. ............................................................................................................................................................
D
Properties
Rental Real Estate Income A B C D
2 Gross rents . . . . . . . . . . . . . . . . . . . . . . . . . . 2 47,577
Rental Real Estate Expenses
3 Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . 3 5,000
4 Auto and travel . . . . . . . . . . . . . . . . . . . . . . 4
5 Cleaning and maintenance . . . . . . . . . . 5
6 Commissions . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 7,082
8 Legal and other professional fees . . . 8
9 Interest (see instructions) . . . . . . . . . . . 9
10 Repairs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 2,050
11 Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 8,800
12 Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 1,980
13 Wages and salaries . . . . . . . . . . . . . . . . . 13
14 Depreciation (see instructions) . . . . . . 14 9,381
15 Other (list) . . . . . . . . . . . . . . . . . . . . . . . .
SEE STATEMENT 1
. ...................................... 15 23,732
16 Total expenses for each property.
Add lines 3 through 15 . . . . . . . . . . . . . . 16 58,025
17 Income or (loss) from each property.
Subtract line 16 from line 2 . . . . . . . . . . 17 -10,448
18a Total gross rents. Add gross rents from line 2, columns A through H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18a 47,577
b Total expenses. Add total expenses from line 16, columns A through H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18b ( 58,025 )
19 Net gain (loss) from Form 4797, Part II, line 17, from the disposition of property from rental real
estate activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
20a Net income (loss) from rental real estate activities from partnerships, estates, and trusts in which
this partnership or S corporation is a partner or beneficiary (from Schedule K-1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20a
b Identify below the partnerships, estates, or trusts from which net income (loss) is shown on line
20a. Attach a schedule if more space is needed.
(1) Name (2) Employer identification number
......................................................................................... . ...................
......................................................................................... . ...................
......................................................................................... . ...................
21 Net rental real estate income (loss). Combine lines 18a through 20a. Enter the result here and on: 21 -10,448
Form 1065 or 1120S: Schedule K, line 2
For Paperwork Reduction Act Notice, see instructions. Form 8825 (Rev. 11-2018)
DAA
92-1812217 California Statements