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Form 1065 / Schedule K-1

Tax Year 2020

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)
-$239,700.00
2
Net rental real estate income (loss)
-$142,800.00
3
Other net rental income (loss)
4a
Guaranteed payments for services
$36,000.00
4b
Guaranteed payments for capital
4c
Total guaranteed payments
5
Interest income
$1,425.00
6a
Ordinary dividends
6b
Qualified dividends
7
Royalties
8
Net short-term capital gain (loss)
9a
Net long-term capital gain (loss)
10
Net section 1231 gain (loss)
11
Other income (loss)
12
Section 179 deduction
13
Other deductions
$38,850.00
14
Self-employment earnings (loss)
-$198,000.00
19
Distributions
$10,500.00

Part K - Share of Liabilities

Recourse
$168,000.00
Nonrecourse
$1,008,000.00
Financing
$1,008,000.00

Part L - Capital Account

Beginning Balance
$0.00
Capital Contributed
$343,500.00
Withdrawals
-$10,500.00
Ending Balance
-$367,905.00