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Form 1065 / Schedule K-1

Tax Year 2023

Part I - Partnership Information

Partnership Name
Delta Holdings LP
EIN
82-7710005
IRS Center
Ogden, UT
Address
500 Financial Center, Houston, TX 77002

Part II - Partner Information

Partner Name
Theta Group LP
GP
TIN / SSN
82-7710003
Entity Type
Partnership
Classification
Domestic
Type
General Partner

Ownership Percentage at Year End

Profit Share
60.00%
Loss Share
60.00%
Capital Share
60.00%

Part III - Share of Income, Deductions, and Credits

1
Ordinary business income (loss)
$181,500.00
2
Net rental real estate income (loss)
-$65,100.00
3
Other net rental income (loss)
4a
Guaranteed payments for services
$54,000.00
4b
Guaranteed payments for capital
4c
Total guaranteed payments
5
Interest income
$4,701.00
6a
Ordinary dividends
$2,100.00
6b
Qualified dividends
$1,680.00
7
Royalties
8
Net short-term capital gain (loss)
-$7,200.00
9a
Net long-term capital gain (loss)
$31,200.00
10
Net section 1231 gain (loss)
$3,900.00
11
Other income (loss)
12
Section 179 deduction
13
Other deductions
$34,650.00
14
Self-employment earnings (loss)
$240,000.00
19
Distributions
$109,500.00

Part K - Share of Liabilities

Recourse
$81,000.00
Nonrecourse
$2,205,000.00
Financing
$2,205,000.00

Part L - Capital Account

Beginning Balance
-$600,315.00
Capital Contributed
$0.00
Withdrawals
-$109,500.00
Ending Balance
$11,616.00