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HomeMy WebLinkAbout08-06-08t 15056041125 REV-1500 EX (06-05) OFFICIAL USE ONLY PA Department of Revenue Bureau of Individual Taxes County Code Year File Number Po Box 2sosol INHERITANCE TAX RETURN 2 1 0 7 1 1 5 5 Harrisburg PA 17128-0601 RESIDENT DECEDENT ENTER DECEDENT INFORMATION BELOW Social Security Number Date of Death Date of Birth 1 9 5 0 7 5 8 7 9 1 1 0 5 2 0 0 7 1 1 2 7 1 9 1 6 Decedent's Last Name Suffix Decedent's First Name MI R I T T N E R F R A N O E S M (If Applicable) Enter Surviving Spouse's Information Below Spouse's Last Name Suffix Spouse's First Name MI R I T T N E R W I L L I A M F Spouse's Social Security Number THIS RETURN MUST BE FILED IN DUPLICATE WITH THE 2 0 7 0 7 9 0 o s REGISTER OF WILLS FILL IN APPROPRIATE OVALS BELOW O 1. Original Return ~ 2. Supplemental Return ~ 3. Remainder Return (date of death prior to 12-13-82) 4. Limited Estate ~ 4a. Future Interest Compromise (date of ~ 5. Federal Estate Tax Retum Required death after 12-12-82) OX s. Decedent Died Testate OX 7. Decedent Maintained a Living Trust ~ 8. Total Number of Safe Deposit Boxes (Attach Copy of Will) (Attach Copy of Trust) 9. Litigation Proceeds Received ~ 10. Spousal Poverty Credit (date of death ~ 11. Election to tax under Sec. 9113(A) between 12-31-91 and 1-1-95) (Attach Sch. O) CORRESPONDENT -THIS SECTION MUST BE COMPLETED. ALL CORRESPONDENCE AND CONFIDENTIAL TAX INFORMATION SHOULD BE DIRECTED TO: Name Daytime Telephone Number D E A N A W E I D N E R E S Q 7 1 7 2 3 4 4 1 8 2 Firm Name (If Applicable) W I X W E N G E R & W E I D N E R First line of address P O B O X 8 4 5 City or Post Office H A R R I S B U R G 5 0 8 N O R T H S E C O N D S T R E E T Second line of address State ZIP Code REGISTER` WILLS USE WILY O __ _c r -~ _: ~'- u~; _ ;- -~ I .. ~.'~ ` ~, - ';-~ -- DATE FILED P A 1 7 1 0 8 Correspondent'se-mail address: DWEIDNER@WWWPALAW.COM 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 the personal representative is based on all information of which preparer has any knowledge. 2 s .T, SUITE 104 THAN REPRESENTATIVE Side 1 15056041125 15056041725 J 508 N. SECOND ST/PO BOX 845 HARRISBURG PA 17108 PLEASE USE ORIGINAL FORM ONLY 15056042126 REV-1500 EX Decedent's Social Security Number decedent's Name: FRANCES M. RITTNER 1 9 5 0 7 5 8 7 9 RECAPITULATION 1. Real estate (Schedule A) 5 0 2 8 8 4, 0 0 ........................................ 1• 2. Stocks and Bonds (Schedule B) .................................. 2• 3. Closely Held Corporation, Partnership or Sole-Proprietorship (Schedule C) ..... 3. 4. Mortgages & Notes Receivable (Schedule D) ........................ 4. 5. Cash, Bank Deposits & Miscellaneous Personal Property (Schedule E) ....... 5. 6. Jointly Owned Property (Schedule F) ^ Separate Billing Requested ....... 6. 7. Inter-Vivos Transfers & Miscellaneous N n-Probate Property (Schedule G) ~ Separate Billing Requested ....... 7. 8. Total Gross Assets (total Lines 1-7) ........................... 8. 9. Funeral Expenses & Administrative Costs (Schedule H) ................ 9. 10. Debts of Decedent, Mortgage Liabilities, & Liens (Schedule I) ............ 10. 11. Total Deductions (total Lines 9 & 10) ........................... 11. 12. Net Value of Estate (Line 8 minus Line 11) ......................... 12. 13. Charitable and Governmental Bequests/Sec 9113 Trusts for which an election to tax has not been made (Schedule J) .................. 13. 14. Net Value Subject to Tax (Line 12 minus Line 13) .................. 14. 0, 0 0 1 7 8 7 2, 6 3 0, 0 0 2 0 0, 0 0 2 0 8 0, 4 7 5 2 3 0 3 7, 1 0 4 0 9 8 5, 1 4 2 9 7 9, 5 0 4 3 9 6 4, 6 4 4 7 9 0 7 2, 4 6 4 7 9 0 7 2, 4 6 TAX COMPUTATION -SEE INSTRUCTIONS FOR APPLICABLE RATES 15. Amount of Line 14 taxable at the spousal tax rate, or transfers under Sec. 9116 (a)(1.2) x.o _ 1 0 8 1 4 1 2 15. 16. Amount of Line 14 taxable at lineal rate X .045 4 6 8 2 5 8 3 4 16. 17. Amount of Line 14 taxable 0 0 0 at sibling rate X .12 17 18. Amount of Line 14 taxable 0 0 0 at collateral rate X .15 18 19. Tax Due ................................................19. 20. FILL IN THE OVAL IF YOU ARE REQUESTING A REFUND OF AN OVERPAYMENT 0. 0 0 2 1 0 7 1. 6 3 0, 0 0 0. 0 0 2 1 0 7 1. 6 3 Side 2 15056042126 15056042126 J REV, 1500 EX P, age 3 Decedent's Complete Address: File Number 21 07 1155 DECEDENT'S NAME FRANCES M. RITTNER STREET ADDRESS 4775 AUGUSTA DRIVE CITY MECHANICSBURG STATE PA ZIP 17050 Tax Payments and Credits: i. Tax Due (Page 2 Line 19) (1) 21,071.63 2. Credits/Payments A. Spousal Poverty Credit B. Prior Payments 16,000.00 C. Discount 842.08 Total Credits (A + B + C) (2) 16,842.08 3. InteresUPenalty if applicable D. Interest E. Penalty Total InteresUPenalty (D + E ) 4. If line 2 is greater than Line 1 + Line 3, enter the difference. This is the OVERPAYMENT. Fill in oval on Page 2, Line 20 to request a refund. 5. If Line 1 + Line 3 is greater than Line 2, enter the difference. This is the TAX DUE. A. Enter the interest on the tax due. (3) 0.00 (4) 0.00 (5) 4,229.55 (5A) B. Enter the total of Line 5 + 5A. This is the BALANCE DUE. (5B) 4,229.55 Make Check Payable to: REGISTER OF WILLS, AGENT PLEASE ANSWER THE FOLLOWING QUESTIONS BY PLACING AN "X" IN THE APPROPRIATE BLOCKS 1. Did decedent make a transfer and: Yes No a. retain the use or income of the property transferred : ................................................................. ..... ^ Q b. retain the right to designate who shall use the property transferred or its income; .......................... ..... ^Q ^ c. retain a reversionary interest; or ........................................................................................... ..... ^ ^X d. receive the promise for life of either payments, benefits or care? .................................................. ..... ^ 2. If death occurred after December 12,1982, did decedent transfer property within one year of death without receiving adequate consideration? .................................................................................. ..... ^ ^X 3. Did decedent own an "intrust for" or payable upon death bank account or security at his or her death? .... ..... ^ 4. Did decedent own an Individual Retirement Account, annuity, or other non-probate property which contains a beneficiary designation? ............................................................................................. ..... ^ 0 IF THE ANSWER TO ANY OF THE ABOVE QUESTIONS IS YES, YOU MUST COMPLETE SCHEDULE G AND FILE IT AS PART OF THE RETURN. For dates of death on or after July 1, 1994 and before January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is three (3) percent [72 P.S. §9116 (a) (1.1) (i)]. For dates of death on or after January 1, 1995, the tax rate imposed on the net value of transfers to or for the use of the surviving spouse is zero (O) percent [72 P.S. §9116 (a) (1.1) (ii)]. The statute does not exempt a transfer to a surviving spouse from tax, and the statutory requirements for disclosure of assets and filing a tax return are still applicable even if the surviving spouse is the only beneficiary. For dates of death on or after July 1, 2000: The tax rate imposed on the net value of transfers from a deceased child twenty-one years of age or younger at death to or for the use of a natural parent, an adoptive parent, or a stepparent of the child is zero (0) percent [72 P.S. §9116(a)(1.2)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's lineal beneficiaries is four and one-half (4.5) percent, except as noted in 72 P.S. §9116(1.2} [72 P.S. §9116(a)(1)]. The tax rate imposed on the net value of transfers to or for the use of the decedent's siblings is twelve (12) percent [72 P.S. §9116(a)(1.3)]. Asibling is defined, under Section 9102, as an individual who has at least one parent in common with the decedent, whether by blood or adoption. REV; 1502 EX +, (6-98) SCHEDULE A COMMONWEALTH OF PENNSYLVANIA REAL ESTATE INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER FRANCES M. RITTNER 21 07 1155 All real property owned solely or as a tenant in common must be reported at fair market value. Fair market value is defined as the price at which property would be exchanged between a willing buyer and a willing seller, neither being compelled to buy or sell, both having reasonable knowledge of the relevant facts. Real property which is jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. 30% TENANT IN COMMON INTEREST IN REAL ESTATE SITUATE AT 426 SOUTH 301,917.06 THIRD STREET, LEMOYNE AND 282 LOWTHER STREET, LEMOYNE, CUMBERLAND COUNTY, PA (TWO PARCELS TAXED ON ONE TAX BILL) TAX PARCEL NO. 12-22-0822-2288 (FMV = $1,006,390.20) 30% TENANT IN COMMON INTEREST IN REAL ESTATE SITUATE AT 428 SOUTH THIRD STREET, LEMOYNE, CUMBERLAND COUNTY, PA TAX PARCEL NO. 12-22-09022-228A (FMV = $669,889.80) 200,966.94 TOTAL (Also enter on line 1, Recapitulation) ~ $ 502,884.00 (li more space is needed, insert additional sheets of the same size) REW-1503 EX s (6-98) SCHEDULE B COMMONWEALTH OF PENNSYLVANIA STOCKS & BONDS INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE FILE NUMBER FRANCES M. RITTNER 21 07 1155 All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. NONE 0.00 TOTAL (Also enter on line 2, Recapitulation) ~ $ 0.00 (If more space is needed, insert additional sheets of the same size) REV.-1504 EX+,(6-98) SCHEDULE C CLOSELY-HELD CORPORATION, COMMONWEALTH OF PENNSYLVANIA PARTNERSHIP OR INHERITANCE TAX RETURN RESIDENT DECEDENT SOLE-PROPRIETORSHIP ESTATE OF FILE NUMBER FRANCES M. RITTNER 21 07 1155 Schedule C-1 or C-2 (including all supporting information) must be attached for each closely-held corporation/partnership interest of the decedent, other than a sole-proprietorship. See instructions for the supporting information to be submitted for sole-proprietorships. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. 1% GENERAL PARTNERSHIP INTEREST IN WF PARTNERSHIP 17,872.63 (CALCULATED BASED UPON ASSESSED VALUE RATHER THAN BOOK VALUE) TOTAL (Also enter on line 3 Recapitulation) ~ $ 17 872 63 (If more space is needed, insert additional sheets of the same size) R E V~~ 1506 EX +. (9-00) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE C-2 PARTNERSHIP INFORMATION REPORT ESTATE OF FILE NUMBER FRANCES M. RITTNER 21 07 1155 1. Name of Partnership WF PARTNERSHIP Date Business Commenced 12/3/1996 Address 282 LOWTHER STREET ST #104 Business Reporting Year 2007 City LEMOYNE State PA Zip Code 17043 2. 3. 4. 5. Federal Employer I.D. Number 23-2904277 Type of Business REAL ESTATE ProducUSenrice Decedent was a ® General ^ Limited partner. If decedent was a limited partner, provide initial investment $ PARTNER NAME PERCENT OF 1NCQME PERCENT OF OWNERSHIP BALANCE OF CAPITAL ACCOUNT A. FRANCES M. RITTNER 1 % 1 % 7 395.00 B. F RITTNER IRREVOCABLE TRUST 48% 48% 240 526.00 ~~ W RITTNER IRREVOCABLE TRUST 48% 48% 224 133.00 D~ JANET RITTNER YOUNG 2% 2% 12 262.00 6. Value of the decedent's interest $ 17872.63 7 8. 9. Was the Partnership indebted to the decedent? ................................ ^Yes ® No If yes, provide amount of indebtedness $ Was there life insurance payable to the partnership upon the death of the decedent? ........ ^Yes ® No If yes, Cash Surrender Value $ Net proceeds payable $ Owner of the nolirv Did the decedent sell or transfer an interest in this partnership within one year prior to death or within two years if the date of death was prior to 12-31-82? ^ Yes ®No If yes, ^ Transfer ^ Sale Percentage transferred/sold Transferee or Purchaser Consideration $ Attach a separate sheet for additional transfers and/or sales 10. Was there a written partnership agreement in effect at the time of the decedent's death? ....... ®Yes ^ No If yes, provide a copy of the agreement. 11. Was the decedent's partnership interest sold? .................................. ^Yes ® No If yes, provide a copy of the agreement of sale, etc. 12. Was the partnership dissolved or liquidated after the decedent's death? ................. ^Yes ® No If yes, provide a breakdown of distributions received by the estate, including dates and amounts received. 13. Was the decedent related to any of the partners? ................................ ®Yes ^ No If yes, explain WILLIAM F. RITTNER. SPOUSE: JANET RI_T_TNER YOUNG. DAUGHTER Date 14. Did the partnership have an interest in other corporations or partnerships? ................. ^Yes ® No If yes, report the necessary information on a separate sheet, including a Schedule C-1 or C-2 for each interest. • • •- ~ ~ ~ ~ A. Detailed calculations used in the valuation of the decedent's partnership interest. B. Complete copies of financial statements or Federal Partnership Income Tax returns (Form 1065) for the year of death and 4 preceding years. C. If the partnership owned real estate, submit a list showing the complete address/es and estimated fair market value/s. If real estate appraisals have been secured, attach copies. D. Any other information relating to the valuation of the decedent's partnership interest. Continuation of REV-1500 Inheritance Tax Return Resident Decedent FRANCES M. RITTNER 21 07 1155 Decedent's Name Page 1 File Number Schedule C2-5 PERCENT PERCENT BALANCE OF PARTNER NAME Of INCOME. OF OWNERSHIP CAPITAL ACCOUNT E' WILLIAM F. RITTNER 1° 1°° 7393. REV-1507 EX + (6-98) SCHEDULE D COMMONWEALTH OF PENNSYLVANIA MORTGAGES & NOTES INHERITANCE TAX RETURN RECEIVABLE RESIDENT DECEDENT ESTATE OF FILE NUMBER FRANCES M. RITTNER 21 07 1155 All property jointly-owned with the right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH NONE 0.00 TOTAL (Also enter on line 4, (If more space is needed, insert additional sheets of the same size) REV-1508 EX + (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT SCHEDULE E CASH, BANK DEPOSITS, & MISC. PERSONAL PROPERTY ESTATE OF FILE NUMBER FRANCES M. RITTNER 21 07 1155 Include the proceeds of litigation and the date the proceeds were received by the estate. All property jointly-owned with right of survivorship must be disclosed on Schedule F. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. ORDINARY HOUSEHOLD GOODS AND CLOTHING 200.00 TOTAL (Also enter on line 5, Recapitulation) (If more space is needed, insert additional sheets of the same size) REU-1509 EX+ (6-98) SCHEDULE F COMMONWEALTH OF PENNSYLVANIA JOINTLY-OWNED PROPERTY INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER FRANCES M. RITTNER 21 07 1155 If an asset was made joint within one year of the decedent's date of death, it must be reported on Schedule G. SURVIVING JOINT TENANT(S) NAME A. JOINTLY-OWNED PROPERTY: RELATIONSHIP TO DECEDENT ITEM NUMBER LETTER FOR JOINT TENANT DATE MADE JOINT DESCRIPTION OFPROPERTY INCLUDE NAME OF FINANCIAL INSTITUTION AND BANK ACCOUNT NUMBER OR SIMILAR IDENTIFYING NUMBER. ATTACH DEED FOR JOINTLY-HELD REAL ESTATE. DATE OF DEATH VALUE OF ASSET % OF DECD'S INTEREST DATE OF DEATH VALUE OF DECEDENT'S INTERESI 1. A. TOTAL (Also enter on line 6, Recapitulation) I $ (If more space is needed, insert additional sheets of the same size) REV-1510 EX 4 (6-98) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF SCHEDULE G INTER-VIVOS TRANSFERS & MISC. NON-PROBATE PROPERTY NUMBER FRANCES M. RITTNER 21 07 1155 This schedule must be completed and filed if the answer to any of questions 1 through 4 on the reverse side of the REV-1500 COVER SHEET is yes. ITEM NUMBER DESCRIPTION OF PROPERTY INCLUDE THE NAME CE THE TRANSFEREE, THEIR RELATIONSHIP TO DECEDENT AND THE DATE OF TRANSFER ATTACHACOPYOFTHEDEEDFORREALESTATE DATE OF DEATH VALUE OF ASSET %OF DECD'S INTEREST EXCLUSION QFAPPLICABLEI TAXABLE VALUE 1. DECEDENT CREATED A REVOCABLE AGREEMENT OF TRUST DATED 12/29/1997, AND TRANSFERRED TO THE TRUST THE FOLLOWING ASSETS: FRANCES RITTNER TRUST ACCOUNT (CHECKING) 2,080.47 100. 2,080.47 JANET RITTNER, TRUSTEE & KATHLEEN RITTNER, TRUSTEE, HELD AT SUSQUEHANNA BANK TOTAL (Also enter on line 7 Recapitulation) I $ 2 080 47 (If more space is needed, insert additional sheets of the same size) REV-1511 EX r (12-99) COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF SCHEDULE H FUNERAL EXPENSES & ADMINISTRATIVE COSTS FILE NUMBER FRANCES M. RITTNER 21 07 1155 Debts of decedent must be reported on Schedule I. ITEM NUMBER DESCRIPTION AMOUNT A. FUNERAL EXPENSES: 1. NEILL FUNERAL HOME, CAMP HILL, PA 11,721.20 2. FLOWERS/MEALS/REFRESHMENTS 1,009.04 3. PRINTING/FLOWERS 265.48 4. GRAVE MARKER -DIOCESE OF HARRISBURG 1,750.00 5. WEST SHORE COUNTRY CLUB (RECEPTION) 4,949.64 6. SOLOIST 75.00 B. ADMINISTRATIVE COSTS: 1 • Personal Representative's Commissions Name of Personal Representative (s) Social Security Number{s)/EIN Number of Personal Representative(s) Street Address City State Zip Year(s) Commission Paid: 2. Attorney Fees WIX, WENGER &WEIDNER (ESTIMATED) 12 000.00 3. Family Exemption: (If decedent's address is not the same as claimant's, attach explanation) 3,500.00 Claimant WILLIAM F. RITTNER Street Address 4775 AUGUSTA DRIVE City MECHANCISBURG State PA Zip 17050 Relationship of Claimant to Decedent SPOUSE 4• Probate Fees CUMBERLAND COUNTY REGISTER OF WILLS 464.00 5. I Accountant's Fees CRYSTAL U. HACKETT, CPA (ESTIMATED) 6. ~ Tax Return Preparer's Fees 7. JANET YOUNG - REIMBURSEMENT OF POSTAGE/MILEAGE/ADMIN COSTS 8. NOONE & ASSOCIATES -PROPERTY APPRAISALS 9. WIX, WENGER &WEIDNER (ESTIMATED OUT-OF-POCKET COSTS) TOTAL (Also enter on line 9, Recapitulation) ~ $ 1,000.00 275.78 3,900.00 75.00 (If more space is needed, insert additional sheets of the same size) 14 REV-1512 EX + (12-03) SCHEDULE 1 COMMONWEALTH OF PENNSYLVANIA DEBTS OF DECEDENT, INHERITANCE TAX RETURN MORTGAGE LIABILITIES & LIENS RESIDENT DECEDENT ~ ESTATE OF FILE NUMBER FRANCES M. RITTNER 21 07 1155 Report debts incurred by the decedent prior to death which remained unpaid as of the date of death, including unreimbursed medical expenses. ITEM VALUE AT DATE NUMBER DESCRIPTION OF DEATH 1. BETHANY VILLAGE, MECHANICSBURG, PA (NURSING HOME) 2,255.50 2. ~PA DEPARTMENT OF REVENUE (2007 TAXES) ~ 724.00 TOTAL (Also enter on line 10, Recapitulation) I $ 2,979 50 (If more space is needed, insert additional sheets of the same size) REN-1513 EX + (900) SCHEDULE) COMMONWEALTH OF PENNSYLVANIA BENEFICIARIES INHERITANCE TAX RETURN RESIDENT DECEDENT ESTATE OF FILE NUMBER ~onnir+~c ~n ~rrTnlGr~ 21 07 1155 _ 1 I1/'11YV L V IY1. 1111 11~~-~ ~ RELATIONSHIP TO DECEDENT AMOUNT OR SHARE NUMBER NAME AND ADDRESS OF PERSON(S) RECEIVING PROPERTY Do Not List Trustee(s) OF ESTATE I TAXABLE DISTRIBUTIONS [include outright spousal distributions, and transfers under Sec. 9116 (a (12)] 1. WILLIAM F. RITTNER Spousal 10,814.12 4775 AUGUSTA DRIVE MECHANICSBURG, PA 17050 2. FRANCES RITTNER REVOCABLE TRUST Lineal 468,258.34 282 LOWTHER STREET LEMOYNE, PA 17043 ENTER DOLLAR AMOUNTS FOR DISTRIBUTIONS SHOWN ABOVE ON LINES 15 THROUGH 18, AS APPROPRIATE, O N REV-1500 COVER SHEET II. NON-TAXABLE DISTRIBUTIONS: 1. A. SPOUSAL DISTRIBUTIONS UNDER SECTION 9113 FOR WHICH AN ELECTION TO TAX IS NOT BEING MADE B. CHARITABLE AND GOVERNMENTAL DISTRIBUTIONS 1. TOTAL OF PART II -ENTER TOTAL NON-TAXABLE DISTRIBUTIONS ON LINE 13 OF REV-1500 COVER SHEET $ (If more space is needed, insert additional sheets of the same size) ~ REV-1647 ~X + (9-00) SCHEDULE M FUTURE INTEREST COMPROMISE COMMONWEALTH OF PENNSYLVANIA INHERITANCE TAX RETURN RESIDENT DECEDENT Check Box 4a on Rev-1500 Cover Sheet FCTATF f)F FILE N FRANCES M. RITTNER 21 07 1155 This Schedule is appropriate only for estates of decedents dying after December 12,1982. This schedule is to be used for all future interests where the rate of tax which will be applicable when the future interest vests in possession and enjoyment cannot be established with certainty. Indicate below the type of instrument which created the future interest and attach a copy to the tax return. ^ Will ^ Trust ^ Other I. I Beneficiaries IV. NAME OF BENEFICIARY I RELATIONSHIP I DATE OF BIRTH I NFARF.~ ERIRTH~AY I 2. 3. 4. 5. II. For decedents dying on or after July 1, 1994, if a surviving spouse exercised or intends to exercise a right of withdrawal within 9 months of the decedent's death, check the appropriate block and attach a copy of the document in which the surviving spouse exercises such withdrawal right. ^ Unlimited right of withdrawal ^ Limited right of withdrawal III. Explanation of Compromise Offer: Summary of Compromise Offer: 1. Amount of Future Interest .................................................. $ 2. Value of Line 1 exempt from tax as amount passing to charities, etc. (also include as part of total shown on Line 13 of Cover Sheet) ...... $ 3. Value of Line 1 passing to spouse at appropriate tax rate Check One ^ 6%, ^ 3°1°, ^ 0% ................ $ (also include as part of total shown on Line 15 of Cover Sheet) 4. Value of Line 1 taxable at lineal rate Check One ^ 6%, ^ 4.5% ......................$ (also include as part of total shown on Line 16 of Cover Sheet) 5. Value of Line 1 taxable at sibling rate (12%) (also include as part of total shown on Line 17 of Cover Sheet) ...... $ 6. Value of Line 1 taxable at collateral rate (15%) (also include as part of total shown on Line 18 of Cover Sheet) ...... $ 7. Total value of Future Interest (sum of Lines 2 thru 6 must equal Line 1) ..................... $ (If more space is needed, insert additional sheets of the same size) LAST WILL AND TESTAMENT OF FRANCES M. RITTNER I, FRANCES M. RITTNER, of Cumberland County, Pennsylvania, declare this to be my Last Will and Testament, and hereby revoke all prior Wills and Codicils heretofore made by me. 1. I hereby appoint my daughter, JANET YOUNG;, and my daughter, KATHLEEN RITTNER, to serve as co-executrixes of my estate. If either is unwilling or unable to act as executrix, the remaining daughter may act as my sole executrix. If both of my above named daughters are unwilling or unable to act as executrix, I appoint Dauphin Deposit Bank and Trust Company as my executor hereunder. 2. The fiduciaries herein named shall not be required to post bond or other security for the faithful performance of their duties. 3. I direct that all estate, inheritance, and succession taxes that may be assessed in consequence of my death, of whatsoever nature and by whatsoever jurisdiction imposed, shall be paid out of the principal of my general estate to the same effect as if said taxes were expenses of administration, and all property includible in my taxable estate, whether or not passing under this Will, shall be free and clear thereof. 4. Notwithstanding the foregoing provisions, my personal representative may request the trustee under my Agreement of Trust dated ,~~r'l-<<'i~'~~ ~"' v2 ~ 1997, to pay any debts, expenses, and taxes which cannot be paid out of my probate estate without necessitating (1) the abatement of any nonresiduary devise or bequest, or (Z) the sale of assets which are not readily marketable. 5. My husband, William F. Rittner, and I are now' joint owners of a residence in the Borough of Mechanicsburg, Cumberland County, Pennsylvania, which is our usual home. If my husband survives me at my death, our home, whether it be the same as we presently own or one that may be hereafter acquired, is held in any manner which will not re:suit in passage of full title to him by operation of law, I give and devise my entire interest in said home to him. If my husband does not survive me, said property described in this paragraph shall pass in accordance with the provisions of Paragraph 7 hereof. 6. I give and bequeath to my husband, WILLIAM F. RITTNER, if he survives me by thirty (30) days, all furniture, clothing, ornaments, jewelry, pictures, statuary, works of art, silver, plate, bric-a-brac, tapestry, household goods and supplies, books, linen, china, glass, and all implements, tools and plants that may be in or upon our home or in any other residence used by me at the time of my death, and all automobiles and other motor vehicles, boats and horses, together with all polices of insurance thereon. If my said husband does not sun-ive me by thirty (30) days, then I give and bequeath all such property to such of my children who survive me by thirty (30) days, to be divided among them in equal shares. Should such children be unable to agree upon a division of said property, alternative choices of items of such property shall be rnade by them until distribution is completed in the following manner: the first choice shall be made by my oldest of my children, the next choice shall be made by the next oldest of my children, and so on until distribution is completed. 7. All the rest of my property, of whatsoever nature and wheresoever situate, I bequeath and devise to JANET YOUNG and KATHLEEN RITTNER, trustees under an Agreement of Trust executed by me on _~/l'L'i'~~~ ~N ,~ J 1997, to be held by my trustee and added to and administered as part of the trusts established by said Agreement of Trust. The said trusts are in existence as of the time of execution of this Will. 8. No provision of this Will shall exercise any power of appointment I may have. 9. No interest, whether in income or principal, of any beneficiary of my estate shall be subject to anticipation, pledge, assignment, sale or transfer in any manner; nor shall any such beneficiary have any power in any manner to charge or incumber his/her interest, whether in income or principal; nor shall the interest, whether in income or principal, of any such beneficiary be liable or subject in any manner while in the possession of my executrix or a trustee or guardian for any liabilities of such beneficiary, whether such liabilities arise from his/her death, debts, contracts, torts or engagements of any type. 10. In the administration of my estate, my fiduciaries shall have the following powers, in addition to such powers as they may have by law: (a) To invest any funds of my estate in any stock, bonds, notes or other securities or property, real or personal, notwithstanding that such investments may not be of a character allowed to fiduciaries by statute or general rule of law. (b) To sell or otherwise dispose of any property, real or personal, at any time forming a part of my estate, for cash or upon credit, in such manner and upon such terms and conditions as they may deem best, and no person dealing with them shall be bound to see to the application of any funds paid. (c) To manage, operate, repair, improve, mortgage or lease for any term any real estate at any time held or owned by my estate. (d) To borrow money for the payment of taxes or for any other proper purposes in the administration of my estate. (e) To distribute in cash or in kind, upon any division or distribution of my estate. (f) To carry on any business owned or controlled by me at my death for whatever period of time they shall think proper, subject however to other provisions and restrictions provided herein, and they shall have the power to do any and all things they deem necessary or appropriate, including the power to incorporate any unincorporated business, the power to borrow and to pledge assets contained in my estate as security for such a borrowing, the power to delegate all or any part of the supervision, management and operation of the business to such person or persons as they may select, and the power to close out, liquidate, or sell the business at such time and upon such terms as to them shall seem best. My fiduciaries shall not be held to personal liability for shrinkage of income or loss of capital value that may be incurred in the course of their operation of the business, except loss that may result from their willful misconduct. This general power to carry on and/or sell my business interests shall, nevertheless, be subject to any and all restrictions that I have set forth in Paragraph 10 herein. (g) In general, to exercise all powers in the management of my estate which any individual could exercise in the management of similar property owned in his own right, upon such terms and conditions as to them may seem best, and to execute and deliver all instruments and to do all acts which they may deem necessary or proper to carry out the purposes of this Will. 11. Any amounts, either of income or principal, which are payable to a minor under this Will may at the sole discretion of my executrix be paid either to a parent of such minor, to a guardian or guardian over the property of such minor, or to the person who has custody of such minor, or directly to such minor, or may be applied for the use and benefit of such minor. The receipt by such parent, guardian, custodian or minor, or evidence of the application of such amount, shall be a full and complete discharge of my executrix to the extent of such payment or application. 12. If any of my beneficiaries under my Will or under my Agreement of Trust dated ~~~r~~~1~ /~-' ;;1 ~ 1997, shall contest either my Will or the aforesaid Agreement of Trust, that beneficiary shall forfeit his or her share of my estate and all income and principal due to him or her under my Agreement of Trust, to the extent that such forfeiture is permitted under the laws of the Commonwealth of Pennsylvania. IN WITNESS WHEREOF, I, the said FRANCES M. RITTNER, hereby set my hand to this, my Last Will, typewritten on seven (7) sheets of paper, including the attestation clause, signatures of witnesses and acknowledgments, upon each one of which I have also written my name c" this ~_ day of ~~,~~~, ~" , 1997. FRANCES M. RITTNER On this ---~ day of ~~~ ~~i~1,/J~./'-' 1997, FRANCES M. RITTNER declared to us, the undersigned, that the foregoing instrument was her Last Will and Testament dated the ~~ day of ~~ />/tea .,Y_/-~ , 1997 and she requested us to act as witnesses to same and to her signature thereon. She thereupon signed said Will in our presence, we being present at the same time. We now, at her request, in her presence, and in the presence of each of us, hereby subscribe our names as witnesses. Each of us further declares that he or she believes this Testator to be of sound mind and memory. residing at ~ r' ~ ~~-:~-~ ~-G' :1-~~~~,.~-~ residing at ~~ ,~~.z~-f--~F.., f ~-=~'cw_, ACKNOWLEDGMENT COMMONWEALTH OF PENNSYLVANIA COUNTY OF DAUPHIN SS: I, FRANCES M. RITTNER, Testator, whose name is signed to the attached foregoing instrument, having been duly qualified according to law, do hereby acknowledge that I signed and executed such instrument as my Last Will and Testament dated ~e ~ Q,,,,,~.,~,r- aq , 1997; that I signed same willingly; and that I signed it as my free and voluntary act for the purposes therein expressed. Sworn to or affirmed and acknowledged before me by FRANCES M. RITTNER, the Testator, this ~~ day of ~e Ge m b~e,-^ , 1997. \ -l ~ :e a FRANCES M. RITTNER NOTARY UB C Notarial Seal Tanya B. Boyle, Notary Public Harrisburg, Dauphin County My Commission Expires Feb. 19, 2001 Member, Pennsylvania Association nt Ai •~aries AFFIDAVIT COMMONWEALTH OF PENNSYLVANIA COUNTY OF DAUPHIN /' Sworn to and affirmed and subscribed to before me by and ~~ ~ ~ . ~ ~ e s ; c.^ ,witnesses, this w-t~ day of ec.e M b Q.~r- > 1997. SS: We, ~ and ~~ n +~ . P ~ e s ~ ~ ,the witnesses, wh a names are signed to the attached or foregoing instrument, being duly qualified according to law, do depose and say that we were present and saw the Testator sign such instrument as her Last Will dated `U~,z~~,,,,ti~,r- ~~~ '~ , 1997; that such Testator signed such instrument willingly and executed it as her free and voluntary act for the purposes therein expressed; that each of us in the hearing and sight of the Testator signed such Will as a witness thereto; and that to the best of our knowledge, such Testator was at that time 18 or more years of age, of sound mind and under no constraint or undue influence. /~~ WI ~ SS NOTARY P LI , Notarial Seal Tanya B. Boyle, Notary Publlo Harrisburg, Dauphin County My Commission Expires Feb. 19, 2001 Member, Penneylvanla Assorlatlan of N^+arles AGREEMENT OF TRUST THIS AGREEMENT OF TRUST executed this ~ day of ~/~j°/rl~eN 1997, between FRANCES M. RITTNER of Cumberland County, Pennsylvania, (hereinafter referred to in the first person or sometimes called "Settlor"), and JANET YOUNG and KATHLEEN RITTNER, (hereinafter collectively referred to as "Trustee") WITNESSETH: WHEREAS, Settlor shall grant to Trustee, Ten Dollars ($10.00) and certain stocks, bonds, or other securities as more particularly set forth on Schedule A, Schedule of Securities, attached hereto and made a part hereof by reference. NOW THEREFORE, Trustee shall hold the aforesaid securities and shall collect and hold the dividends, interest, and other proceeds of said securities and any other property added to this trust IN TRUST as follows: 1. Lifetime Trust: If property is added to this trust during my lifetime, it shall be kept invested and managed as a separate trust. As much of the net income and the principal as I may from time to time request in writing, or as my Trustee may from time to time think desirable for me or any of my dependents' welfare, comfort, or support, either shall be paid to me or shall be applied directly for those purposes. Any net income not so paid or applied shall from time to time be added to the principal. All funds held at my death shall be distributed in accordance with the provisions which follow. 2. Marital Deduction Trust: If my husband, WILLIAM F. RITTNER, survives me, my trustee shall fund this trust with the smallest amount of the principal needed to reduce the federal estate tax falling due because of my death to the lowest possible figure. In calculating that amount, so that the largest possible balance of the principal can pass free of federal estate tax to my residuary trust, (i) all other property which qualifies for the marital deduction and (ii) all other deductions and credits shall be used first to the greatest extent that they can reduce the tax. However, credits shall be used only to the extent that their use will not increase the death taxes on my estate. My trustee shall invest and manage this property as a separate trust in a manner that will not disqualify the marital deduction, and make distributions as follows: A. During my husband's lifetime: (1) The entire net income shall be paid to him at least quarterly; (2) As much of the principal as my trustee may from time to time think desirable for his welfare, comfort, or support shall be paid to him; and (3) He shall have the unrestricted right to withdraw any part or all of the principal at any time. B. On my husband's death, any then-remaining principal shall be paid to such one or more persons or organizations, including his estate, on such terms as he may appoint by a Will specifically referring to this power of appointment. C. If my husband does not exhaust his power of appointment under the preceding paragraph, on his death: (1) Any increase in death taxes or administration expenses in his estate caused by the inclusion of this Trust in it for tax purposes shall be paid out of the unappointed principal, and a written statement by his Executor or Administrator of the amounts payable may be accepted as being correct; and (2) The balance of the unappointed principal shall be added to and thereafter treated as a part of the principal of the residuary trust. 3. Residuary Trust: After my death my Trustee shall invest and manage all the property not allocated to the marital deduction trust as a separate trust, and make distributions as follows: A. If my husband, WII.,LIAM F. RITTNER, survives me, during his lifetime: (1) The net income shall be paid to him in quarterly or other convenient installments; (2) As much of the principal as my trustee may from time to time think desirable, taking into account funds available from other sources, for the health, support, maintenance or education of my husband or any of my children either shall be paid to that person or shall be applied directly for those purposes. However, none of the principal of this trust shall be paid to or applied for the benefit of my husband unless the principal of the marital deduction trust has been exhausted; and (3) After the marital deduction trust is exhausted (or after my death if no marital deduction trust will be established), my husband shall have the right in each calendar year to withdraw from the principal up to $5,000.00 at any time and, in addition, if he is living on December 31 of any year, to withdraw up to five (5%) percent of the fair market value of the principal determined on December 31 of that year (the amount subject to withdrawal as of December 31 to be reduced by any prior withdrawals during that year, and any rights of withdrawal for a particular year to lapse if not exercised during that year). B. After my husband's death, or mine if I survive him, the then remaining principal should be divided into two (2) separate shares or trusts as follows: (1) One-half of the remaining principal shall be used to fund a trust for my daughter, Janet Young; (2) One-half of the remaining principal shall be used to fund a trust for my daughter, Kathleen Rittner. My trust shall invest and manage such share as a separate trust and make distributions pursuant to the terms for each trust hereinafter set forth. C. Trust for Janet Young (1) During the lifetime of Janet Young: (a) The net income from her trust shall be paid to her in quarterly or other convenient installments except for that portion paid to Carol Ann Rittner pursuant to Paragraph E below; (b) As much of the principal of her trust as my trustee may from time to time think desirable (taking into account funds available from other sources) for the health, support, maintenance or education of my daughter, Janet or any of her descendants either shall be paid to my daughter Janet or shall be applied directly for the aforesaid purposes; (c) My trustee shall distribute to my daughter Janet one-half of the principal of her trust as soon as possible after she reaches her fiftieth (50th) birthday, and the entire balance thereof after she reaches fifty-five years of age. (2) At my daughter Janet's death (or at the time for the setting apart of the shares for the Janet Young trust if she had died before that time), any then-remaining principal of her trust shall be paid: (a) To such one or more persons or organizations including her estate but, excepting only her creditors, and the creditors of her estate, on such terms as she may appoint by a will specifically referring to this power of appointment; or, in default of appointment or insofar as it is not effective, (b) To her then-living descendants, per stirpes; or, in default of such descendants, (c) To my then living-descendants, per stirpes (any portion thus accruing to a child for whom principal is then held in trust hereunder to be added to and thereafter treated as a part of such principal); or, in default of such descendants, (d) To those entitled to inherit my estate under the Pennsylvania intestate laws. D. Trust for Kathleen Rittner (1) During the lifetime of Kathleen Rittner: (a) The net income from her trust shall be paid to her in quarterly or other convenient installments except for that portion paid to Carol Ann Rittner pursuant to Paragraph E below; (b) As much of the principal of her trust as my trustee may from time to time think desirable (taking into account funds available from other sources) for the health, support, maintenance or education of my daughter, Kathleen or any of her descendants either shall be paid to my daughter Kathleen or shall be applied directly for the aforesaid purposes; (c) My trustee shall distribute to my daughter Kathleen one-half of the principal of her trust as soon as possible after she reaches her fiftieth (50th) birthday, and the entire balance thereof after she reaches fifty-five years of age. (2) At my daughter Kathleen's death (or at the time for the setting apart of the shares for the Kathleen Rittner trust if she had died before that time), any then-remaining principal of her trust shall be paid: (a) To such one or more persons or organizations including her estate, but excepting only her creditors, and the creditors of her estate, on such terms as she may appoint by a Will specifically referring to this power of appointment; or, in default of appointment or insofar as it is not effective, (b) To her then-living descendants, per stirpes; or, in default of such descendants, (c) To my then living-descendants, pel• stirpes (any portion thus accruing to a child for whom principal is then held in trust hereunder to be added to and thereafter treated as a part of such principal); or, in default of such descendants, (d) To those entitled to inherit my estate under the Pennsylvania intestate laws. E. Income for Carol Ann Rittner (1) During the lifetime of Carol Ann Rittner: (a) As much of the income equally from the trusts of Janet Young and Kathleen Rittner as my trustee may from time to time think desirable (taking into account funds available from other sources) for the health, support, maintenance or education of my daughter Carol either shall be paid to my daughter Carol or shall be applied directly for the aforesaid purposes; 4. Adopted Persons: For the purposes of this Agreement, adopted persons shall be considered as children of their adoptive parents, and they and their descendants shall be considered as descendants of their adoptive parents, regardless of the date of the adoption. 5. Forfeiture: If any of my beneficiaries under my Will or under this Agreement of Trust dated , 1997, shall contest either my Will or this Agreement of Trust, that beneficiary shall forfeit his or her share of my estate and all income and principal due to him or her under this Agreement of Trust, to the extent that such forfeiture is permitted under the laws of the Commonwealth of Pennsylvania. TAX PROVISIONS 6. Funding the Marital Deduction Trust: No property ineligible for the marital deduction shall be used to satisfy that deduction. Property distributed in kind in satisfaction of the marital deduction shall be distributed at the lower of (i) its value at the time of distribution and (ii) its adjusted federal income tax basis. Subject to the foregoing and without regard to the effect upon the size of the family trust, my executor shall have absolute discretion in selecting the property to be allocated to the marital deduction trust. 7. ~urvivorshi~: My husband shall be deemed to have survived me if the order of our deaths is not clear. 8. Death Taxes: All federal, state and other death taxes payable because of my death on any property then held under this Agreement of Trust or on any insurance proceeds or other death benefits payable directly to my trustee shall be paid out of the principal of the residuary trust. None of those taxes shall be charged against the martial deduction trust or any beneficiary, and no property which would be otherwise exempt from federal or state death taxes shall be used to pay any death taxes under this provision. 9. Generation-Skipping Tax: I direct that: A. Division of Trusts: Any trust which otherwise would be partially exempt for federal generation-skipping tax shall be divided fractionally so that my federal generation- skippingtax exemption which has not been allocated maybe allocated exactly to one or more trusts. The purpose of this provision is to have trusts which are either entirely exempt or entirely non-exempt for federal generation-skipping tax. They shall be treated as separate trusts, but having the same terms unless otherwise specified. Additions shall be treated in a similar manner, and shall be held as a separate trust if it is not possible to separate additions into exempt and non-exempt trusts. B. Distribution of Trusts: Distributions from the above trusts to identical beneficiaries maybe combined for purposes of distribution, and it is my thought which shall not be legally binding that payments may be made from the respective trusts to cause the least amount of federal generation-skipping tax to be incurred. C. Power of Appointment to Reduce Tax: The limited powers of appointment which are exercisable by a will hereunder shall be expanded as follows if certain taxes can be reduced: If a federal generation-skipping tax would be imposed on any trust hereunder upon the death of a beneficiary at a rate higher than the marginal federal estate tax rate which would be imposed on his or her estate, assuming the trust were includible in the beneficiary's taxable federal estate, then the beneficiary specifically referring to this power of appointment may also appoint the trust to the creditors of his or her estate to the extent the aggregate of the federal generation-skipping tax and estate tax can be reduced; and 2. Any increase in death taxes or administration expenses in the beneficiary's estate caused by the inclusion of the trust in it for tax purposes shall be paid out of the unappointed principal of the trust, and a written statement by his or her personal representative may be accepted as being correct. 10. Tax Options: My trustee may use administrative or other expenses of the trusts hereunder as income tax deductions or may direct my executor to use them as estate tax deductions, and may pre-pay death taxes on future interests. These decisions maybe made without regard to any effect upon the size of the marital deduction trust, and without requiring adjustments between principal and income. 11. Disclaimer: I remind my spouse (and my spouse's executor, administrator, guardian or agent acting under a power of attorney) that my spouse may disclaim any part or all of any power or interest under this Agreement of Trust. In particular, it maybe desirable for my spouse to disclaim a portion of the marital deduction trust. A disclaimed portion of the marital deduction trust shall pass to the residuary trust and be held as if my spouse were living. However, no disclaimed marital deduction trust property passing to the residuary trust shall be subject to or considered in the calculation of my spouse's powers over any of the principal. For accounting, tax or other reasons, the residuary trust maybe divided into two trusts so that the disclaimed portion is held separately. ADMINISTRATIVE PROVISiON~ 12. Beneficiaries Under 21 or Disabled: If any beneficiary becomes entitled to an outright distribution of income or principal and is (i) under the age of 21 or (ii) in my Trustee's opinion, disabled by illness or other causeand unable to properly manage the funds: A. As much of such income or principal as my Trustee may from time to time think desirable for that beneficiary either shall be paid to him or her or shall be applied for his or her benefit; and B. The balance of such income and principal, and the net income from those funds, shall be kept invested and managed as a separate trust for the beneficiary, with the trust funds paid to or for the beneficiary in accordance with the provisions of the preceding paragraph. When the beneficiary reaches the age of 21, or, in my Trustee's opinion, becomes free of disability, as the case may be, the balance shall be paid to the beneficiary. If he or she dies before that time, the balance shall be paid to his or her executors or administrators. Any funds to be applied under this article either shall be applied directly by my Trustee or shall be paid to a parent or guardian of the beneficiary or to any person or organization taking care of the beneficiary. My Trustee shall have no further responsibility for any funds so paid or applied. 13. Early Ending of Trusts: If my Trustee, in my Trustee's sole discretion, determines that it is desirable to do so, my Trustee may end any trust under this agreement. This may be done by paying the then-remaining principal and income of that trust to the person then eligible to receive the income or, if there is more than one person, to them in such amounts or proportions as my Trustee may think appropriate. If any person is a minor or is, in my Trustee's opinion, disabled by illness or other cause and unable to properly manage the funds, my Trustee may pay the funds to his or her parent or guardian or any person or organization taking care of the person. In the case of a minor, my Trustee also may deposit the funds into a savings account in the minor's name payable to the minor at majority, or appoint and pay the funds to a custodian for the minor under the Uniform Gifts to Minors Act of any state. My Trustee shall have no further responsibility for funds so paid or deposited. 14. Rights in Income: If a trust is funded from a larger share, it shall be entitled to a proportionate amount of the income from the time the trust is to begin until the actual funding. During that period income and principal may be distributed directly to the beneficiaries, subject to the terms of the trust. All income undistributed at a beneficiary's death shall be treated as if it had accrued after his or her death. 15. Protective Provision: No interest in income or principal shall be assignable by, or available to anyone having a claim against, a beneficiary before actual payment to the beneficiary. 16. Management Provisions: I authorize my Trustee: A. To retain and to invest in all forms of real and personal property, including common trust funds operated by my corporate Trustee or any affiliate of it, regardless of any limitations imposed by law on investments by Trustees, or any principle of law concerning investment diversification; B. To retain and to invest in the common stock or other securities of the corporate trustee or of any parent corporation or affiliated corporation of the corporate trustee. C. To compromise claims and to abandon any property which, in my Trustee's opinion, is of little or no value; D. To borrow from anyone, even if the lender is a Trustee hereunder, and to pledge property as security for repayment of the funds borrowed; E. To sell at public or private sale, to exchange or to lease for any period of time, any real or personal property, and to give options for sales or leases; F. To make loans to, and to buy property from, my or my spouse's executors, administrators, or Trustees, or the Trustee of any generation-skipping trust of which I am a deemed transferror; G. To join in any merger, reorganization, voting-trust plan or other concerted action of security holders, and to delegate discretionary duties with respect thereto; H. To allocate any property received or charge incurred to principal or income or partly to each, without regard to any law defining principal and income; provided that this authority shall not extend to the marital deduction trust; and I. To distribute in kind and to allocate specific assets among the beneficiaries (including any trust hereunder) in such proportions as my Trustee may think best, so long as the total market value of any beneficiary's share is not affected by such allocation; provided that nothing in this paragraph shall effect the provisions set forth above regarding the funding of the marital deduction. These authorities shall extend to all property at any time held by my Trustee and shall continue in full force until the actual distribution of all such property, except a.s specifically stated. All powers, authorities, and discretion granted by this agreement shall be in addition to those granted by law and shall be exercisable without court authorization. 17. Business Interests: In dealing with the stock of any closely held corporation, any partnership or any other business interest forming a part of any trust hereunder, I authorize my Trustee: A. To disregard any principal of investment diversification and to retain any part or all of such interest as long as my Trustee considers it advisable to do so; B. To sell any part or all of such interest at such time or times, for such prices, to such persons (including persons who are Trustees or beneficiaries hereunder), and on such terms and conditions as they may think desirable; C. To do anything that may seem advisable with respect to the operation or liquidation of any such business or any change in the purpose, nature or structure of any such business; D. To delegate authority to any director, stockholder, manager, agent, partner or employee, and to approve payment from the business of adequate compensation to any such person; E. To cause the business to borrow money from the banking department of my corporate Trustee, regardless of any rule of law with respect to conflict of interest; and F. To make additional investments in any such business if such action seems desirable for the best interests of any trust hereunder and the beneficiaries thereof. G. The fact that any Trustee under this trust may be interested in any such business as director, stockholder, manager, agent, partner, employee or creditor shall not constitute an adverse or conflicting interest, and the acts of such Trustee shall be judged as if he or she had no interest in the business. No Trustee shall be liable to anyone for anything done or not done by any other Trustee or by any beneficiary, except for willful or supine negligence. In short, I intend that in making decisions hereunder, my Trustee shall have the same freedom of action that I would have if living. 18. Additions:. I, and with my Trustee's approval, anyone else may add to the principal of any of the trusts. 19. Insurlnce Policies: My Trustee shall have no duty to pay premiums on the insurance policies payable to my Trustee, and the companies issuing the policies shall have no responsibility for the application of the proceeds or the fulfillment of the trusts. 20. Rights Reserved: I reserve the following rights, each of which may be exercised whenever and as often as I may wish: A. All rights vested in me as the owner of any insurance policies payable to my Trustee; and B. The right by an instrument in writing, other than a will, to revoke or amend part or all of this agreement. 21. Payments to Aid in Settlement of Estate: My Trustee shall have the power, but not the duty, to make such tax payments from the principal of the residuary trust as my Trustee may think desirable to facilitate the settlement of my estate. In the exercise of this power my Trustee may pay, in whole or in part, directly or to my executor, any or all of (i) my debts (including debts for which my spouse is also liable), (ii) the expenses of my funeral and burial, and (iii) death taxes (except generation-skipping transfer taxes) and administration expenses in connection with my estate, even though they do not relate to property becoming subject to this agreement. However, no property which would be otherwise exempt from federal estate or state death taxes shall be used to make any payments under this article. Neither my executors or administrators nor any beneficiary of my estate shall be required to reimburse my Trustee for any such expenditures. 22. Situs and Governing Law: The situs of this agreement shall be in Pennsylvania. All questions as to the validity, effect, or interpretation of this agreement or the administration of the trusts shall be governed by the law of Pennsylvania. 23. Accounting: My Trustee shall send the income beneficiaries or their representatives statements showing the transactions in their trusts at least annually. My Trustee shall be entitled at any time to seek a judicial settlement of a trust account in any court of competent jurisdiction selected by my Trustee. As an alternative, my Trustee may at any time settle such account by agreement with the income beneficiaries who are not under any legal disability and those persons not under any legal disability who would be entitled to receive a share of the principal if the trust were to terminate at the time of such agreement. Such agreement shall bind all persons, whether or not then in being or under a legal disability, then or thereafter entitled to any portion of the trust, and shall effectively release and discharge my Trustee for the acts and proceedings so accounted for. The settlement may also include the approval of the account of an executor or another Trustee if my Trustee has received property in distribution of that estate or trust. FIDUCIARIES 24. Trustee Provisions: A. Should my Trustees named herein be unable to serve as Trustee, I hereby appoint Dauphin Deposit Trust Company of Harrisburg, Pennsylvania as Trustee; B, No Trustee who is a beneficiary of one of the trusts shall ever participate in (i) the exercise of, or decision not to exercise, any discretion to pay income or principal to, or to apply income or ;principal for the benefit of, any beneficiary (including discretion to allocate funds among a group of beneficiaries and discretion to accumulate income), or to divide any trust, (ii) the determination whether a beneficiary is disabled, (iii) the decision to terminate any trust, (iv) the exercise of discretion to allocate receipts or expenses between principal and income, (v) decisions to exercise tax option, (vi) a decision to make payments to aid in the settlement of my estate or (vii) the selection of the property to be allocated to the marital deduction trust; My individual Trustees or my surviving individual Trustee if there should be only one, shall have the power and authority to appoint an additional independent Trustee who is not a beneficiary under this Trust Agreement for the purpose of making those decisions set forth in Paragraph B above in which my individual Trustee(s) may not participate; C. Except as just stated, the words "my Trustee" shall refer in their applications to each trust to all those acting as Trustees; D. Any individual Trustee may resign at any time without court approval; E. My corporate Trustee shall receive compensation in accordance with its standard schedule of fees in effect while its services are performed; and F. My Trustees herein named shall not be required to post bond or security for the faithful performance of their duties. IN WITNESS WHEREOF, Settlor and Trustee, intending to be legally bound, have executed this instrument the day and year first above written. WITNE~S ~~ SETTLOR ~~~ FRANCES M. RITTNER WI S S ,~ cam.. ~~ - r'' . ~-_. . TRUSTEES ,~ T YOUN ~, t ~, KATHLEEN RITZ'NER STATE OF PENNSYLVANIA COUNTY OF DAUPHIN SS. On.llcce.~.~.r' ~ 9 , 1997, before me, the undersigned notary public, personally appeared FRANCES M. RITTNER, and in due form of law acknowledged the foregoing instrument to be her act and deed and desired the same to be recorded as such. Witness my hand and notarial seal the day and year aforesaid. -- - --~1- ~ - ----------- Notary Pu is My commission expires: Notarial Seal Tanya 8. Boyle, Notary Public Harrisburg, Dauphin County My Commission Expires Feb. 19, 2001 Member, Pennsylvania Association of M~+aries SCHEDULE OF INSURANCE POLICIES REFERRED TO IN THE ANNEXED AGREEMENT OF TRUST Dated , 1997 From FRANCES M. RITTNER, Settlor To LIIVIIT_ED PARTNERSHIP AGREEMENT OF THE WF PARTNERSHIP Table of Contents Sectio-z 1 Formation of the Limited Partnership Section 2 Name, Principal Place of Business, Registered Otlice 2.1 Name 2.2 Place of Business and Registered Office Section 3 Purpose of the Partnership 3.1 By Consent of Partners 3.2 Primary Purpose Section 4 'Term of the Partnership Continuation Until Terminated Section 5 Definitions 5.1 5.2 5.3 5.4 5.5 "Agreement" "Capital Account" "Defau]ting Event" "Disabling Event" "Spouse" Section G Percentage Interest in the Partnership Section 7 Capital 7.1.1 Capital Contributions - Jnitial 7.1.2 Title to Partnership Property 7.2 Additional Capital Contributions: Call for Funds 7.3 Separate Capital Account 7.4 Interest on and Retu~~r. of Capital ! No Priority 7.5 Loans to the Partnership: Treatment of Advances Section S Allocation of Profits, Losses, and Tax Items 8.1 Interest of Each Partner Section 9 Distributions to Partners 9.1 Distributions of Cash 9.2 Distributions in Kind Section 10 Limited Liability of Limited Partners 10.1 Partnership Losses and Debls 10.2 Negative Capital Accounts Section 11 Manageinen 1;.1 11.2 11.3 11.4 11.5 11.6 l l.7 11.8 11.9 t of Partnership Powers and .Duties of the General Partners Delegation of Authority Meetings of the Partners Limitations on Authority of General Partners Compensation for Services Limited Partners Limited Liability of the General Partners Indenmity Independent Investments: Uther Activities Permitted Section 12 Investment Representations of the Limited Partners 12.1 investment Intent l22 f7nrei7istered Limited Partnership 12.3 Nature of Investment Section 13 Power of Attorney 13.1 Grant of Po~~%er 13.2 Irrevocability of Power Section i=t Banking: :Partnership Accounts Section 15 Accounting: ±~ fiscal Matters 15.1 Fiscal Year 15.2 Boolcs and Records 15.3 Location of and Access to Partnership Records Section 16 Admission of Partners 16.1 Admission by Consent of General. Partners 16.2 Admission of Certain Transferees and Successors as Limited Partners 16.3 Admission of Spouses as General Partners 16.4 Limitation Section 17 Transfer of Pa rtnership Interests 1 "7.1.1 Transfer of Interest of Limited Partner; Right of First Refusal 17.1.2 Limitation of Transfer 17.2 Substitute Limited Partner 17.3 General Prohibition A,ainst Transfer of a General Partner's Interest 17.4 Exception for Spouses and Related Parties 17.5 Status of a Transferee of a General Partnership Interest 17.6 Effect of Transfers in Violation of this Section 17.7 Transfers from Custodianship 17.8 Designation as Successor in Interest Section 18 Withdrawals 18.1 Withdrawal Prohibited Section 19 Conversion or Purchase of Certain Partner's Interest 19.1 Conversion of General Partner's Interest 19.2.1 Purchase of Defaulting Partner's Interest 19.2.2 Option to Assist Defaulting Partner 19.2.3 Option to Cure Defaults 19.2.4 Additional Effects of Default 19.3 Conversion of a Limited Partner Interest into a General Partner Interest 19.4 Option to Purchase Deceased Partners Interest 19.5 Continuance of Partnership 19.6 Election of General Partner Section 20 Dissolution, Liquidation, and Termination of Partnership 20.1 Dissolving Events 20.2 Method of Liquidation 20.3 Reasonable Time for Liquidation 20.4 Date of Dissolution 3 Section 21 General Provi 21.1 21.2 21.3 21.4 21.5 21.6 21.7 21,8 21.9 21.10 21.11 sions Modification and Amendment of Agreement Notices Pennsylvania Law to Apply Other Instruments Headings Parties Bound Legal Construction Counterparts Gender and Number Prior Agreements Superseded Life Insurance 4 LIMITED PARTNERSHIP AGREEMENT OF THE W F PARTNERSHIP This LIMITED PARTNERSHIP AGREEMENT is made and entered into this~'~ day of D~tc•y-~~ c , 1996, by and among WILLIAM F. RITTNER and FRANCES RITTNER. The Haines and addresses of the partners are listed on Exhibit "A" annexed to, and made a part of this Agreement. THE LIMITED PARTNERSHIP INTERESTS IN THE WF PARTNERSHIP (THE "INTERESTS") ARE SUBJECT TO THE RESTRICTIONS ON TRANSFER AND OTHER TERMS AND CONDITIONS SET FORTH IN THIS AGREEMENT. THE INTERESTS HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER (I) THE UNITED STATES SECi~RTTIES ACT OF 1933, AS AMENDED (THE "FEDERAL ACT") OR (LI) ANY OTHER STATE SECURITIES LAWS. NEITHER THE INTERESTS NOR ANY PART THEREOF MAY BE OFFERED FOR SALE, PLEDGED, HYPOTHECATED, SOLD, ASSIGNED OR TRANSFERRED AT ANY TIME EXCEPT IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THIS AGREEMENT AND (1) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE FEDERAL ACT OR IN A TRANSACTION WHICH IS EXEMPT FROM REGISTRATION UNDER THE FEDERAL ACT OR WHICH IS OTHERWISE IN COMPLIANCE WITH THE FEDERAL ACT OR (2) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER ANl' OTHER APPLICABLE STATE SECtRITIES LAWS OR IN A TRANSACTION WHICH IS EXEMPT FROM REGISTRATION UNDER SUCH SECURITIES LAWS OR WHICH IS IN COMPLIANCE WITH SUCH SECURITIES LAWS. RECI'T'ALS VVHERE,~S, the partners desire to form a limited partnership under the provisions of and pursuant to the Pennsylvania Revised Uniform Limited Partnership Act, 15 Pa.C.S.A. X8501 et secl., for the purposes hereinafter described; and WHEREAS, the parties hereto desire to set forth therein their respective rights, duties, obligations, and responsibilities with respect to such partnership; NOW THEREFORE, in consideration of the premises, and of the mutual promises, obligations, and agreements contained herein, the parties hereto, intending to be legally bound, agree to form, create and associate themselves in a limited partnership, for the purposes and on tl~e terms and condition set forth below, and do hereby agree as follows: Section 1 Formation of the Limited Partnership The parties hereto do hereby agree to and do hereby form a partnership which shall be 5 organized as a limited partnership (hereinafter being referred to as the "Partnership") pursuant to the Pennsylvania Revised Uniform Limited Partnership act, 15 Pa.C.S.A. §8501 et seq. and any successor statute governing the operation of a limited partnership. Following the execution of this Agreement, the Partners shall execute or cause to be executed and filed any documents and instruments with any appropriate authorities that may be necessary or appropriate from time to time to comply with all requirements for the formation and operation of a partnership in the Commomvealth of Pennsylvania. The partners shall cause the partnership to comply with all requirements for the qualification of the partnership as a limited partnership in any other jurisdiction before the Partnership shall conduct any business in that jurisdiction. All costs incurred by the General Partner in connection with the foregoing, including without limitation, legal fees in connection therewith, shall be expenses of the partnership and shall be reimbursed promptly by the Partnership upon the completion of such action. Section 2 N~rne, Principal Place of Business, end Registered Office 2.1 Name The name of the Partnership shall be The Rittner Family Partnership. The activities and business of the partnership shall be conducted under the name of Tl~e WF Parti~erslcip, or any other fictitious, trade or business name as the General Partners shall consider appropriate. 2.2 Place of Business or Registered Office The principal place of business or registered office of the Partnership shall be located at 1105 Kent Drive, Mechanicsburg, Cumberland County, Pennsylvania or any other place or places of business that the General Partners may designate. Section 3 Purpose of the Partnership 3.1 By Consent cf Partners The Partnership shall not engage in any business other than as is provided for in this Agreement without the prior written cc>nsent of the partners. 3.2 Primary Purf~ose The primary purpose of the partnership is to engage in the purchase, construction, rehabilitation, development and management of real estate; to invest in real estate; and to sell, exchange, lease, mortgage, and make contracts concerning real estate. The Partnership shall also leave the authority to exercise any and all powers and to engage in any lawful business related or incidental to any of the aforementioned purposes that the General Partners may from time to time deem to be in the best interests ~afthe Partnership. Section 4 Term of the Partnership Continuation Until Terminated The term of the partnership shall commence upon the filing of the duly executed Certificate of Limited Partnership in. the OiTice of the Secretary of State of the Commonwealth of Pennsylvania and shall continue from year to year until the Partnership is 6 liquidated and dissolved pursuant to the provisions of Section 20 hereof. Section 5 -Definitions For purposes of this Agreement, each of the followis7g terms, when used with an initial capital letter, shall have the meaning hereinafter provided: 5.1 "Agreement" means this Limited Partnership Agreement of The WF Partnership. 5.2 "Capital Account" means the account maintained for each Partner in accordance with Section 7.3 of this Agreement. 5.3 "Defaulting Event" shalt mean (a) The failure to make when due any contribution or advance required to be made under the terms of this Agreement and continuing that failure for a period of thirty (30) days after written notice of the failure from the non-defaulting Partner(s) to the defaulting Partner; (b) The violation of any of the other provisions of this Agreement and failure to remedy or cure that violation W'Ithin thirty (30) days after written notice of the violation is sent to such Partner; (c) "1'he snaking of an assignment for the benefit of creditors or an entry of an order for relief under any section or chapter of the Federal Bankniptcy Code, as amended, or under any similar law or statute of the United States or any of its Mates; (d) The appointment of a receiver for all or substantially all of a Partner's assets and the failure to have the receiver discharged within thirty (30) days after the appointment; (e) The bringing of any legal action against a Partner by his creditor(s), which results in litigation that, in the opis7ion of the non- defaulting Partner(s), creates a real and substantial risk of involvement of the Partnership Property which may result in: (i) financial detriment to the other Partners or (ii) a creditor or a creditor`s assigns succeeding in or to all or part of the interest of the Partner in tl7e Partnership; or (f) The failure of the Distributees to appoint, in the manner and within the time prescribed, the agent required upon the death of a Partner. ~.4 "Disabling Event" shall mean the (~i) death of any of the Partners or (b) determination by a court of competent jurisdiction that any of the partners is legally incompetent. 5.5 "Spouse" means a person married to a Partner. A person shall be considered a Spouse herein: (~) durin; the partner's lifetime, only while he or she is legally married to and not legally separated from such partner, and (b) in the event of a Partner's death, only if he or she was married to and not legally separated from such Partner at the time of his or her death. Section G Percentage Interest in the Partnership Each Partner's percentage interest in the partnership (hereinafter referred to as "Percentage Interest") shall be determined by dividis7g tl7e amount of his or her capital contributions to the Pas-tl7ership (including both initial and additional capital contributions by said Partner) by the total aggregate capital contributions of all of the Partners. The initial Percentage Interest of each Partner shall be the percentage set fos-th below opposite his or her name: 7 Percentage General Part. Ltd. Part. Partner Interest Interest Interest William F. Rittner 50.0% 2% 48% Frances Rittner 50.0% 2% 48% Total 100.0% 4% 96% The initial Percentage Interests for both the General and Limited Partners are further set opposite each Partner's name in Exhibit "A," and shall be updated from time to time as appropriate. All references to a "majority in interest" of the Partners, General Partners, or Limited Partners, or other designated group shall refer to a majority of the then Percentage Interests held by the Partners, General .Partners, Limited Partners, or other designated group. Section 7 -Capital 7.1.1 Capital Contributions -Initial The Partners acknowledge that each Partner shall be obligated to contribute and will, on demand, contribute to the Partnership the amount of cash or property, or interest in property, valued and set forth opposite the Warne of each Partner on Exhibit "A", and as further described in Exhibit "B", as an initial capital contribution. The Partners agree that the real property described on :Exhibit "B" attached hereto has a fair rnar•ket value of $ 1,405,t)OO.GO. 7.1.2 Title to Partnership Property Each Partner shall contribute all of their right, title, and interest in and to the property described in Exhibit "B" hereto. All real or personal property, including all improvements placed or located on that property, acquired by the Partnership shall be owned by and in the name of the Partnership, that ownership being subject to other terms and provisions of this Agreement (''Partnership Property"). Partnership Property specifically includes, by prior purchase, the real property and improvements as listed .and more fully described in Exhibit "B". Each Partner expressly waives the right to require partition of any Partnership Property or any part of it. The Partners shall execute any documents that may be necessary to reflect the partnership's ownership of its assets and shall record the same in the public offices that may be necessary or desirable in the discretion of the Partners. 7.2 Additional Capital Contributions: Call for Funds No Partner, including the General Partners, shall be obligated or required to make any additional capital contributions to the Partnership. However, the Partners recognize that the income produced by the Partnership properties may be insu$icient to pay the "operating costs" of the properties, and that additional funds may be called for by all the Partners and shall be contributed by the all the Partners on a pro-rata basis unless all the Partners conseirt in writing to any non-pro-rata contributions. In the event of a non-pro-rata contribution, the Percentage Interest of the respective partners shall be adjusted accordingly. These additional funds shall be considered as additional capital contributions to the Partnership. As used above, t'ne term "operating costs" shall include, but not be limited to: principal and interest payments on Partnership debt whether or not secured by s mortgages on Partnership properties; costs or repairs, maintenance and improvements, including a fee for property management; insurance premiums; real estate taxes, assessments or other governmental charges; and operating expenses of the Partnership directly relating to the operation of the property. 7.3 Separate Capital Account A separate capital account shall be maintained for each partner in accordance with the following provisions; a) To each Partner's Capital Account there shall be credited the fair market value of such Partner's initial and additional capital contributions, such Partner's distributive share of profits, and the amount of any Partnership liabilities that are assumed by each Partner. b) To each Partner's Capital Account there shall be debited the amount of cash and the fair market value of any Property distributed to such Partner pursuant to any provision of this Agreement, such Partner's distributive share of losses, and the amount of any liabilities of such Partner that are assumed by the Partnership or that are secured by any property contributed by such Partner to the Partnership. In the event any interest in the Partnership is transferred in accordance with the teens of this Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent it relates to the transferred interest. 7.4 Lrterest on and Return of Capital / No Priority A Partner shall not be entitled to interest on his capital contribution. No Partner shall be entitled to any distributions from the Partnership or to withdraw or demand the return of any part of his capital contribution except as specifically provided for in this Agreement or as otherwise provided in Sections 19 (relating to conversion or purchase of certain Partner's interests) or 20 (rela.ting to dissolution, liquidation and termination of Partnership). No Partner shall have the right to demand or receive property other than cash in return for his capital contribution or as a distribution of income. No Parti.er shall have priority over any other Partner either as to the return of his capital contributions to the Partnership or as to any distributions. If the capital account of a Partner becomes impaired, his share of subsequent Partnership profits shall be first credited to his capital account, until that account has been restored, before suc11 profits are credited in his income account. 7.5 Loans to the Partnership: Treatment of Advances The Partnership is hereby authorized to borrow funds from one or more Partners, withoul: limitation as to amount or term, and at a reasonaL~le rate of interest. Furthermore, if any Partner shall advance any funds to the Partnership other than as provided in this Section 7, the amount of any cash advance shall not be an additional capital contribution of the Partner, but shall be a debt due from the Partnership to the Partner to be repaid at the times and with the interest that shall be expressly agreed on or, in the absence of an agreement, on liquidation of the Partnership ~.nd without interest. Section 8 Allocation of Ps•ofits, Loses, and Tax Items 8.1 Interest of Each Partner The interest of each Partner in any net profits of the Partnership and the obligation and liability of each Partner as arnong the Partners with respect to 9 any (iabiiities, losses, or distributive shares of tax items in connection with the business of the Partnership shall be the Percentage Interests set opposite each partner's name in Exhibit "A". In the event of a default by a Partner under this Agreement, the defaulting Partner agrees to indemnify and hold the other Partners harmless against any loss or liability resulting from such default. No Partner shall have any right to compensation solely by reason of net profits in the Percentage Interests set opposite the Partner's name in Exhibit "A," unless otherwise provided in this Agreement. Section 9 Distributions to Partners 9.1 Distributions of Cash Except as otl-ierwise provided irr Sections 19 or 20 hereof, distributions in cash from the partnership to tl~.e respective Partners shall be made at the times and in the amount that may be determined from time to time by the General Partners. However, any distribution from the Partnership shall be made proportionately to all Partners in the Percentage Interest set opposite each Partner's name in Exhibit ".A". 9.2 Distribution in Kiud Distributions in kind of the Property, in liquidation or otherwise, shall be made only with the consent of all of the Partners and only at a value established by the Partners. Prior to any such distribution in kind, the difference between such established value and the book value of the property to be distributed shall be credited or charged, as is appropriate, to the Partners' Capital Accounts in proportion to their Percentage Interest set opposite each Partner's nan-te i:r Exhibit "A." Upon the distribution of such Property, such agreed upon value shall be charged to the Capital Accounts of the Partners receiving such distribution and the Percentage Interests of the Partners shall be adjusted accordingly. Section 10 Limited Liability of l.in~ited Partners LO.i Partnersh'rh Losses and Debts P~?otv,~ithstanding the provisions hereof relating to additional capital contributions (Section 7.2) and the allocation of the Partnership's net losses (Section 8), the Limited Partners shall not be required to rnal.e any contributions to the capital of the Partnership for the payment of any such losses or for any other purposes, nor shall any Limited Partner be responsible or obligated to any third parties for any debts or liabilities of the Partnership in excess of the sum of his unrecovered contributions to the capital of the Partnership and his share of undistributed profits of the Partnership. 10.2 Negative Cal-ital Accounts The Limited Partners shall not be required to pay the Partnership or any other Partner any deficit or negative balance which may exist from time to time in their respective capital accounts as a result of the provisions ]lereof for the allocation to the Partners of the Partnership's net losses and for the distributions of cash to the Partners by the Partnership. "10 Section 11 Management of Partnership 11.1 Powers and Duties of the General Partners The General Partners shall be responsible for the day-to-day management of the partnership's business and affairs. Thus the general management and final determination of all questions relating to the usual daily business affairs and ministerial acts of the partnership shall rest in the General Partners. Specifically, except as otherwise limited in this Agreement, the General Partners are authorized in their sole and absolute discretion, to manage, administer, operate, lease, sell, exchange, pledge, encumber, transfer, purchase, grant options related ±o, and otherwise deal with the Partnership assets on behalf of the Partnership. The General Partners shall have the right and power to bind the Partnership, subject to the conditions and limitations contained i.n this Agreement. In this connection, the General Partners are further authorized to do all things and to execute all documents, contracts, evidences of indebtedness, security agreements, financing statements, and other instruments necessary or expedient to carry out and effectuate the purpose of the parties as expressed in this Agreement. If deemed to be in the best interest of the Partnership by the General Partners, property maybe transferred to a nominee corporation, nominee individual or other nominee for the Partnership, but notwithstanding the transfer of any such property, said property shall be deemed to be the property of the Partnership. All business arrangements and transactions entered into on behalf of the Partnership shall be pursuant to terms and conditions generally characteristic of stcch transactions and generally acceptable to a business manager faced with similar circumstances and exercising prudent and sound business judgment. The General Partners shall devote any time, effort, attention acrd business capacity to the affairs of the Partnership that may be reasonably necessary and required for ita welfare and success. In this connection, the Partners acknowledge that the General Partners manage, and may continue to manage, other partnerships and may continue to engage in other distinct or related businesses. Except as otherwise s;~ecifically provided in this Agreement, any decision or determination required or permitted to be made hereunder by the General Partners shall be made by a majority of the General Partners. l 1.2 Delegation of Authority The majority in interest of the General Partners may delegate to a "Manager" responsibility for the daily management and ministerial acts of the Partnership, to serve in such capacity until the time that the General Parnlers desire to terminate said designation as Manager. In the event the Manager is also a Partner and is involved in a matter whereby his dual status results in the Partner/Manager having conflicting or inconsistent interests or responsibilities, the Generai Partners (or remaining General Partners) shall either act as the Manager ~:+.~ith respect to the event in question, or by agreement designate another person to so act. The General Partners initially designate dVilliam F. Rittner as Manager of the Partnership. 11.3 Meetings of the Partners The General Partners shall hold meetings as appropriate and from time to time and at places and times to be selected by the General Partners. The purpose of these meetings shall be to decide on the course of business undertaken by the Partnership and to make other such decisions and take other such action as the General Partners determine are in the best interests of the Partnership. Except as otherwise provided in this agreement, all decisions shall be by vote of the majority in interest of the General Partners. 11 11.4 Limitltions on Authority of General Partners Notwithstanding the provisions of Section 11.1 above, the consent of the majority of the Partners shall be required to do any of the following: (a) Do any act in contravention of this Agreement; (b) Do any act that would make it impossible to carry on the business of the Partnership; (c) Confess a judgment against the Partnership; (d) File or consent to filing a petition for or against the Partnership under any Federal or State bankruptcy, insolvency, or reorganization act; (e) Possess partnership Property or assign. the right cif the Partnership or its Partners in specific Partnership Property for other than a Partnership purpose; (f) Loan Partnership funds in excess of $SC,000 or for a term in excess of one year to any Partner; (g) Make, execute or deliver an_y assignment for the benefit of creditors or any assignment on the assignee's promise to pay the debts of the Partnership, or any bond, guaranty, indemnity bond, or surety bond; (h) Assign, transfer, pledge, compromise, or release any claim of the Partnership except for full payment, or arbitrate or consent to the arbitration of any of its disputes or controversies; (I) Make anon-pro-rata distribution or return of capital to any partner, except as otherwise provided in this Agreement; The General Partners shall not have the power, without the unanimous consent of all the Partners, to do any of the following: (a) Directly or indirectly hold any beneficial interest in all or any portion of any deed of trust, -nortgage, or other encumbrance or debt which shall be secured by lien on any Partnership property; (b) Except as otherwise provided, admit any new Limited or General Partner into the Partnership; (c) Amend or otherwise change this Agreement so as to modify the rights or obligations of the Partners as set forth in this Agreement; (d) Create any personal liability for any Partner other than that personal liability to which a Partner may have agreed to in writing; or (e) Change or reorganize the Partnership into any other legal form. 11.5 Compensation for Services Subject to the unanimous consent of the General partners, the General Partners may receive reasonable compensation for costs incurred as a result of services rendered on behalf of the partnership and the Manager may receive other reasonable compensation in amounts determined by the General Part~lers for services performed in the capacity as Manager of the Partnership. 11.6 Limited Partners The Limited Partners shall not participate in the general conduct or control of the Partnership's affairs and shall have no right or authority to act for or to bind the 12 Partnership. The Limited Partners hereby consent to the exercise by the General Partners of the powers conferred by this Agreement and to the employment, when and if the same is deemed necessary or advisable, of such brokers, agents, accountants, attorneys, and such other advisors as the General Partners may determine to be appropriate for the management of the Partnership business. 11.7 Liability of the Genel'~Il Partners So long as the Ger)eral Partners shall act in good faith with respect to the conduct of the business and affairs of the Partnership, the General Partners shall not be liable or accountable to the Partnership or to any of the Partners, in damages or otherwise, for any error of judgment, for any mistake of fact or of law, or for any other act or thing which they may do or refrain from doing in connection with the business and affairs of the Partnership except in the case of willful misconduct or gross negligence or breach of fiduciary duty. 11.8 Indemnity The Partnership does hereby indemnify and agree to hold the General Partners wholly harmless from and against any loss, expense, or damage suffered by them by reason of anything they may do or refrain from doing thereafter for and on behalf of the Partnership and in fu:-therance of its interest; provided however., that the partnership will not be required to indemnify any General Partner for any loss, expense, or damage which it might suffer as a result of such General Partner's willfiri misconduct or gross misconduct or gross negligence or breach of fiduciary duty. 11.9 Independent :Investments: Other Activities Permitted The General Partners shall devote to the Partnership's business any time that is necessary fir the proper performance of their duties. The Partners or any entity ir) which the Partners may have an interest, may engage in any other business, ir;westment, or profession, whether or riot ir. direct or indirect competition with the business and affairs of the Partnership, provided the Partnership shall have no right in or to any of these businesses, professions, or investments, or to any income ur profit derived from them. Section 12 .Investment Representations of the Limited Partners 12.1 Investnleut Lltent Each Limited Partner does hereby represent and warrant to the Partnership and to the General Partners that he has acquired an interest in the Partnership for investment solely for leis or her own account with the intention of holding such interest for investment, without any intention of participating directly or indirectly in any sale or distribution of Partnership assets. 12.2 Unregistered Limited Partuerslup Each Limited Partner does hereby acknowledge that he is aware that leis interest in the Partnership has not been registered (1) under the Federal Act or {ii) under any other State securities laws. Each Limited Partner- further understands and acknowledges that his representations and warranties contained in this Section 12 are being relied upon by t})e Partnership and by the General Partners as the basis for the exemption of the limited partners' interests in the Partnership from the registration requirements of the Federal Act and from securities laws. Each Limited Partner further acknowledges that the Partnership will not and has no obligation to recognize any sale, transfer, or assignment of all or any part of his interest unless the provisions of Section 17 have been fully satisfied. 13 12.3 Nature of Investment Each of the Limited Partners does hereby acknowledge that prior to his execution of this Agreement, he received a copy of this Agreement and that he has examined this Agreement or caused this Agreement to be examined by lus representative or attorney. Each of the Limited Partners does hereby further acknowledge that he or his representative is familiar with the business of the Partnership, has undertaken sufficient due diligence to make an informed investment decision, understands that the purchase of his interest -nay be a speculative investment involving at least a moderate degree of risk, and does represent that he has a sufficient net worth to bear the economic risk of this investment. Section 13 Power of Attorney 13.1 G-•ant of Power Each Limited Partner does hereby irrevocably constitute and appoint the General Partners as his true and lawful attorney, in his name, place and stead to make, execute, consent to, swear to, acknowledge, record, and file: (a) the Certificate of Limited Partnership under the applicable laws of the Commonwealth of Pennsylvania and under the applicable laws of any other jurisdiction which the General Partners may deem necessary; (b) any other certificate or instrument which may be required to be filed by the Partnership or the Partners under the applicable laws of the Conunonwealth of Pennsylvania and under the applicable laws of any other jurisdiction which the General Partners may deem necessary; (c) any modifications or amendments to the said Certificate of Limited Partnership or a~ly other instruments described above; (d) all certificates and other instruments deemed necessary or desirable by the General Partners for the admission of a new Limited or General Pat-tner pursuant to this Agreement; (f) all other instnunents, including without limitation, all instruments related to the acquisition, holding, selling, leasing, and financing of the property as General Partners may deem necessary or desirable to carry out the provisions of this Agreement in accordance with its terms. 13.2 L•revocabi(ity of Power It is expressly understood, intended, and agreed by each of the Limited Partners fir himself, leis administrators, successors and assigns that the grant of the power of attorney to the General Partners pursuant. to Section a3.1 above is coupled with an interest, is irrevocable and shall survive the death or incompetency of the Limited Partner of the assignment of his interest in the Partnership. 14 Section 14 Banking: Partnership Accounts All funds of the Partnership shall be deposited in its name, or in the name of a nominee as provided in Section 11.1, in a separate account or accounts in afederally-insured depository institution as designated by the General Partners. Checks shall be drawn on the partnership and shall be signed by the persons that the General Partners shall designate. Any account opened by the General Partners for the Partnership shall not be commingled with other funds of the General Partners or interested persons. Section 15 Accounting: Fiscal:Vlatters 15.1 Fiscat Year The fiscal year of the Partnership for both accounting and federal income tax purposes shall end on December 3 I st. 15.2 Books and Records Proper books and records shall be; kept with reference to all Partnership transactions and maintained At fire principal otflce of the Partnership or any other place that the General Partners may designate. Each Partner or his or her representative shall have access to the Partnership books and records at ali reasonable times during business hours. The books shall be kept on the method of accounting that shall properly reflect the income of the partnership and that shall be agreed on by the Partners. The books and records shall include the identity and nature of any property in which the Partnership owns a beneficial interest. These records shall include, but shall not be limited to, a statement of t:he ownership and nature of real, personal, and mixed property or the interest of the Partnership in that property, as well as the form in which the title to that property is recorded and maintained, whether in the name of the Partnership or in the name of one or more designated Partners without designation of the Partnership. The books and records of the Partnership shall be previewed annually at the expense of the Partnership by a certified public accountant selected by the General Partners, who shall (1) annually prepare and deliver to the Partnership, for filing, the appropriate federal and Pennsylvania Partnership Income Tax Return and all schedules to those returns and (2) within ninety (90) days following the end of each fiscal year of the Partnership, deliver balance sheets, profit and loss statements, and statements showing allocations and distributions to each Partner. 15.3 Location of and Access to Partnership Records The following records of the Partnership shall be kept at its principal office or such other place designated by the General Partners where they will be subject to inspection and copying at the reasonable request and expense of any Partner during ordinary business hours: (a;1 current list of the full names and last known address of each partner, separately identifying the General Partners from the Limited Partners (in alphabetical order); (b j copy of the Certificate of Limited Partnership and all certificates of arnendrnent thereto, together with executed copies of any powers of'attorney pursuant to which any certificate has been executed; 15 (c) copies of the Partnership's Federal, State and Local income tax returns for at least the most recent three years, if any; (d) copies of this Agreement, as amended, and of any financial statements of the Partnership for the five most recent yea--s, if any. Section 16 Admission of Partners 16.1 Admission by Consent of General Partners Except as otherwise specifically provided in this Agreement, no person, firm, corporation, or other entity shall be admitted to the Partnership as either a general or limited partner without the unanimous consent of the General Partners. 16.2 Admission of Certlin Transferees ar~d Successors as Limited Partners Notwithstanding Section 16.1 hereof, any person who becomes a transferee of a Partner's interest in the Partnership or who succeeds to a Partner's interest in the :Pa--tnership as a result of the death of a Partner shall be admitted to the Partnership without the necessa-y consent of the General Partners if such transferee or successor is a Partner, issue of a Partner, or an estate or trust the sole beneficiaries of which are one or more of those persons. The status of any such transferee or successor shall be governed by Section 17.2 hereof, concerning substitute limited partners [other than Section 17.2(d), which shall not apply in the case of such transferees and successors] and Section 19. l hereof, providing far conversion of general partnership interests into limited partnership interest. 16.3 Admission of Spouses as General Partners Notwithstanding Section 16.1 and 16.2 hereof, if a Spouse (as defined in section 5.5 hereof) becomes a transferee of all or part of a General Partner's interest in the Partnership and the transferring General Partner simultaneously consents to have the t--ansferred interest held by the Spouse as a. Gene--al Partnership interest, or if a Spouse succeeds to all or any part of a General Partner's interest in the Partnership as a result of the death of a General Partner, such Spouse shat( be adritted to the partnership as a General I'a--tner without the necessity of the consent of the General Partners. In the event such Spouse receives or succeeds to only a part of such interest, his or leer rights and shares as a General Partner shall be determined as provided in Section 19.3 of this Agreement, relating to conversion of less than all of a Limited Partner's interest into the interests of a General Partner. Such Spouse, whether receivin,T or succeeding to all or any part of a General Partner's interest in the Partnership, shall execute and deliver to the Partnership suet; documents as may be necessa-y or appropriate, in the opinion of counsel for the Partnership, to reflect such Spouse's admission as a General Partner of the Partnership and his or her agreement to be bound by all of the terms and conditions of the Agreement. 16.4 Limitation Notwithstanding the other provisions of 1:his Section lb, no Partner may transfer a Partnership interest unless such Partner provides evidence satisfactory to the General Partners that (I) such transfer shall not violate any applicable securities laws, or (ii) cause a termination of the Partnership under section 708(b) of the LR.C. 16 Section 17 Transfer of Partnership Interests 17.1.1 Transfer of Interest of Limited Partner; Right of First Refusal; `~ (a) In the event a Limited Partner desires to sell, transfer or otherwise dispose of all or any part of his interest in the Partnership, whether voluntarily or involuntarily or by operation of law (including a sale, transfer or other disposition as a result of a divorce or the action of a creditor or bankruptcy trustee), such Limited Partner (the "Selling Partner") shall be deemed to have received an offer in connection with his or her Partnership interest and shall be required under this Agreement to first offer to sell and convey his interest to the remaining Partners before selling, transferring or otherwise disposing of such interest to any other person, corporation or other entity. The Selling Partner's offer shall be made in writing and shall be provided to all the remaining Partners. Said offer shall set forth the interest to be sold, transferred or disposed of, the price to be paid, the date on which closing is to take place (which date shall not be less than sixty (60) nor more than ninety (90) days from the date of the offer) and all other material terms and conditions of the sale, transfer, or other disposition. (b} Within fifteen days after the delivery of the Selling Partner's offer, the remaining Partners shall deliver to the Selling Partner a written notice either accepting or rejecting the offer. Failure to deliver said notice within the fifteen days shall conclusively be dee!ned a rejection of the offer. Any or all of the remaining Partners ma}~ elect to accept the offer, and if more than one of the remaining Partners elects to accept the offer, the interest being sold and the price therefore shall be allocated among the Pa!t!lers so accepting the offer in proportion to their Percentage Interests, unless they otherwise agree in writing. If any or all of the remaining Partners elect to accept the offer, then the closing of title shall be held in accordance with the offer and the Selling Partner shall deliver to the Partners wlio have accepted the offer (tl~e "Purchasing Partner(s)") an assignment of the interest being sold by the selling Partner, and said Partners shall pay the purchase price described in the offer and pursuant to the terms of subparagraph ©below. If no other Partner accepts the offer, or if the Partners who have accepted the offer default in their obligations to purchase the interest, then the Selling Partner within 120 days after the delivery of the offer may sell such interest to any other person or entity at a purchase price which is not less than the purchase price prescribed in the offer and upon terms and conditions which are substantially the same as the terns and conditions set forth in the offer, provided all other applicable requirements of this Agreement are complied with. If the Selling Partner does not sell such interest within the said l20 days, then the Selling Partner rr!ay not thereafter sell such interest without again offering such interest to the other Partners in accordance with this section. (c) The purchase price to be paid to the Selling Partner shall be paid in cash or, at the option of the Purchasing Partner(s), by the execution and delivery of notes of each Purchasing Partner, payable to the order of the Selling Partner in the a!nount of the purchase price. The notes shall bear interest annually at the then prevailing market rate and shall be payable in four (4) equal annual installments of principal and interest, the first installment being payable one year from the date of execution and delivery of the notes. Each note shall provide for full prepayment privileges without penalty. 17.1.2 Limitation o~i Transfer In the event a Limited Partner transfers all or part of his interest in the Pa!tnership pursuant to the provisions of Section 17.1.1, such transfer shall be valid 17 and effective only if the transferring Limited Partner and his transferee: (a) execute, acknowledge, and deliver to the General Partners such instruments of transfer and assignment as are in form and substance satisfactory to the General partners; and (b) furnish to the General Partners such assurances as the General Partners may request, including, without limitation, an opinion of counsel satisfactory to the General Partners that (i) the transferring Limited Partners' interest in the Partnership has been registered for sale under the Securities Act of 1933, as amended, and under all applicable State securities laws or that such registration is not required; and (ii) the transfer shall not cause a termination of the partnership under any Internal Revenue Code statutes. 17.2 Substitute Limited Partner In the event a limited Partner transfers all or any part of his interest in the partnership in compliance with the provisions of this Section 17, the transferee of such Limited Partner shall not have the right to become a substitute limited partner of the Partnership unless the transferring Limited Part-~er has given his transferee such rights and unless: (a) the transferring Limited Partner and his transferee execute and deliver such instrumenas as the General Partners deem necessary or desirable to effect such substituti<:~n; (b) such transferee accepts and agrees in writing to be bound by all of tl~e terms and provisions of this Agreement; (c) such transferee pays all reasonable expenses connected with such substitution; and (dj the General Partners consent to the substitution of such transferee as a substituted iirnited partner. 17.3 General Prohibition Against Transfer of a General Partner's Interest Except as provided in Section 16.3 regarding transfers to or adrr~issio-i of Spouses as General Partners, each of the General Partners hereby covenants and agrees not to sell, assign, transfer, pledge, encumber, or otherwise dispose of ail or any part of his general. partnership interest in the partnership to any person, firm, corporation, trust, or other entity without first 1-aving obtained the unanimous consent of the General Partners. 17.4 Exception for Spouses and Related Parties Notwithstanding Section 17. ] and l 7.3 hereof, any transfer of a Partner's interest in the Partnership that is by gift or that takes place as a result of the death of a Partner may be made without the necessity of making an offer to the remaining Partners (in the case of transfer b_y a Limited Pa--tner} or obtaining the consent of the General Partners (in the case of transfer by a General Partner) if such transfer is to or for the benefit of a Partner, issue of a Partner, or an estate or trust the sole beneficiaries of which are one or more of those persons. 18 17.5 Status of a Transferee of a General Partnership Interest Subject to the provisions of Section 16.3, in the event a General Partner transfers full and complete ownership of all or any part of his interest in the partnership in compliance with the provisions of Section 17.3 and 17.4 above, such General Partnership interests shall automatically be converted into limited partnership interest, and such transferee shall: (a) be admitted to the Partnership as a Limited Partner upon compliance with Section 17.2 hereof, as modified by the Ist sentence of Section 16.2 hereof; (b) be subject to the terms and conditions of this Agreement; (c) promptly, upon demand of the General Partners, execute and deliver to the General Partners such documents as maybe necessary or appropriate, in the opinion of Counsel for the Partnership, to reflect such transferee's admission to the Partnership as a Limited Partner; (d) agree to be bound by all of the terms and conditions of this Agreement; and (e) furnish to the Genera] Partners such assurances as the General Partners may request, including, without limitation, an opinion of counsel satisfactory to the General parn~ers that (i) the transferring Partners' interest in the Partnership has been registered for sale under the Securities Act of 1933, as amended, and under all applicable State securities laws or that such registration is not required, and (ii) the transfer shall not cause a termination of the partnership under any Internal Revenue Code statutes. 17.6 Effect of Transfers in Violation of This Section An}~ transfer of a Partnership interest in violation of this Section 17 shall be null and void and of no force and effect whatsoever. 17.7 Transfers from Custodianship Any interest as a Limited Partner which is held by custodian for a minor under the laws of the Commonwealth ofPennsylvania shall be ii~lly transferable and assignable to the minor wl;en he or she reaches the age of termination of such custodianship for such minor under the applicable statute. 17.8 Designation as Successor in Interest .A transfer pursuant to a designation of successor in interest, to be effective upon the death of a Partner, shall require the written consent of the General Partners, except no consent sltal.l be required if the person designated is a Partner, a Spouse, or other Related Party. Any such required consent may be given at any time prior to the desig-iating Partner's death and is irrevocable. Section 18 -Withdrawals 18.1 Withdrawal Prohibited Unless otherwise permitted pursuant to Section 17.1 or provided for in Section 20, no Partner shall have the right to withdraw from the Partnership or to demand distribution from or the return of his capital account. 19 Section 19 Conversion or Purchase of Certain Partner's Interests 19..1 Conversion of General Partner's Interest (a) Subject to the provisions of Section 19.2, 16.2 and 16.3, upon the occurrence of a Defaulting Event or Disabling Event with respect to a General Partner (the "Defaulting General Partner" or "Disa.bled General Partner"), the Defaulting or Disabled General Partner's interest in the partnership a> a General Partner shall be converted into the interest of a Limited Partner of the Partnership effective as of the date of the happening of the Defaulting or Disabling Event, and the Defaulting General Partner or Disabled General Partner or his transferee or personal representative, as the case maybe, shall cease to be a General Partner of the Partnership and shall become solely a Limited Partner of the .Partnership as of such date, without any rights or obligations to participate in the management of the Partnership, brit with the same Percentage Interest in the Partnership, in liquidation or otherwise, and the same share of Partnership profit, loss, and specially allocated items for both financial accounting and income tax purposes as the Defaulting or Disabled General Partner had with respect to his interest in the Partnership as a General Partner. (b) Upon such happening of required conversion in Section 19.1(a) above, the Defaulting or Disabled General Partner, or his transferee or personal representative, as the case may be, shall promptly, upon demand of the Partnership, execute and deliver to the Partnership all documents as may be necessary or appropriate, in the opinion of counsel for the Partnership, to affect such conversion and, if necessary, to reflect the admissioca of the Defaulting or Disabled General Partner's transferee or personal representative to the Partnership as a Limited Partner as well as the agreement of such transferee to be bound by all of the terms and conditions of this Agreement; and the Defaulting or Disabled General Partner or his transferee or personal representative, as the case may be, does hereby constitute and appoint the then acting General Partners as his true and lawful attorney-in-fact to execute and to deliver to the Partnership for and on his behalf all such documents to the extent necessary or appropriate. 19.2.1 Pw•chase of Defaulting Partner's Interest (a) On the occurrence of an event of default by a Partner, a majority in interest of the other Partners shall have the right to elect to terminate the interest of the defaulting Partner without effecting a termination of the Partnership. This election may be made by giving the defaulting Partner ten (10) days written notice of the election, provided the default is continuing on the date notice is given. In the event of termination of the defaulting Partner's interest, each non-defaulting Partner who voted to elect the option (the "Purchasing Partners") shall be required to purchase the interest of the defaulting Partner, in the proportion that his or her interest in the Partnership beac-s to the aggregate of the interest in the Partnership of all Purchasing Partners, unless another proportion is agreed to by the Purchasing Partners in writing. (b) The purchase price to be paid to the defaulting Partner under the election allowed by this subsection shall be the fair market value of the defaulting Partner's interest in the Partnership as determined by appraisals of the interest. The parties in interest shall each be entitled to select one appraiser. The appraisers selected shall proceed promptly to determine the fair market value of the Partnership interest, including a fair market valuation of the equity in the Partnership of the Partner in question and taking in consideration any outstanding :indebtedness, liabilities, liens, and 2Q obligations relating to the Partnership Property, including any damages caused to the Partnership by the default of the defaulting Partner. In determining such appraisal the appraisers shall consider al] inventory, tangible and intangible assets of the Partnership including, lands, buildings, fixtures, machinery, equipment, accounts receivable, goodwill, at the fair market value at the time of appraisal. If the deviation of the fair market value by the two appraisers is less than then (10%) percent, the final market value of the Partnership shall be the average of the two appraisers. However, if the deviation of the two appraisers exceeds ten (10°%) percent, the two appraisers shall select a third appraiser and the average of the three appraisals shall be conclusive evidence as to the fair market value and shall be final and binding on all parties. The appraisers shall deliver a written report of their appraisal to the Manager who shall provide copies of the report to all interested parties. Each party shall pay the fees and expenses of his own appraiser and, if a third appraiser is selected, the fee of the third appraiser shall be borne equally by the parties appointing the other two appraisers. (c} The purchase price to be paid to the defaulting Partner shall be paid in cash or, at the option of the Purchasing Partner(s), by the execution and delivery of notes of each Purchasing partner, payable to the order of the defaulting Partner in the amount of the purchase price. These notes shall bear interest at a rate of seven (7.0°%) percent per year and shall be payable in four (4) equal annual installments of principal and interest, the first installment being payable one year from the date of execution and delivery of the notes. Each note shall provide for full prepayment privileges without penalty. (d) On tender to the defaulting Partner of the cash or notes for the purchase price defined in (b) above, or if no payment is due on the date the purchase price is determined, the defaulting Partner shall have no further interest in the Partnership or its business or assets and the defaulting Partner shall execute ~~nd deliver any assignments and other instruments that may be reasonable to evidence and fully and effectively transfer the interest of the defaulting Partner to the non- defaulting Partners. (e) No assignment or transfer of a defaulting Partner's interest as provided in this Agreement shall relieve the defaulting Partner from any personal liability for outstanding indebtedness, liabilities, liens, or obligations relating to the Partnership that may exist on the date of the assignment or transfer. The default of any Partner u~;der this Agreement shall not relieve any other Partner from his agreements, liabilities, and obligations under this Agreement. A defaulting Partner's interest in the Partnership shall not be considered in any Partnership voting requirement. 19.2.2 Option to Assist Defaulting P~Zrtner Any Partner may agree to assist the other Partner in the event of default and the agreement or any advancement or payment under that agreement shall be secured by a lien on the interest or""the defaulting Partner in the Partnership. The lien maybe foreclosed by the Manager, at the option of the assisting Partner. 19.2.3 Option to Cure Defaults If any Partner shall default in the performance or observance of any covenant, condition, or other provision of this Partnership Agreement, any other Partner rnay, after written notice that is reasonable under the circumstances, cure the default for the account of the defaulting Partner without waiving a.ny claim for breach of this Partnership Agreement. The defaulting Partner shall reimburse or repay any reasonable amount paid and any reasonable expense or contractual liability so incurred, with interest at the highest lawful rate. The obligation to reimburse and repay shall be secured by a lien on the interest of the defaulting 21 Partner in the Partnership. The lien maybe foreclosed by the Manager, at the option of the Partner exercising this option to cure default. 19.2.4 Additio~ial Effects of Default Pursuit of any of the remedies permitted by this Section 19 shall not preclude pursuit of any other remedies provided by law, nor shall pursuit of any remedy provided in this Agreement constitute a forfeiture or waiver of any amount due to the remaining Partners or of any damages accruing to them by reason of the violation of any of the terms, provisions, and covenants contained in this Agreement. No waiver by the remaining Partners of any violation or breach shall be deemed or construed to constitute a waiver of any other violation or breach of any of the terms, provisions, and covenants contained in this Agreement, and forbearance by them to enforce one or more of the remedies provided in this Agreement in an event of default shall not be deemed or construed to constitute a waiver of the default. 19.3 Conversion of a Limited Partner Interest into a General Partner Interest The General Partners rnay, by unanimous consent and with the agreement of the Limited Partners, convert the interest of a Limited Partner into the interest of a General Partner in the Partnership. The Limited Partner shall cease to be a Limited Partner of the partnership and shall become solely a General Partner of the Partnership if all of his interest as a Limited Partner is so converted, but shall become a General Partner and remain a Limited Partner if only a portion of his interest is so converted. A Limited Partner whose interest is so converted shall have rights in and to all distributions made by the Partnership, in liquidation or otherwise, and a share of the Partnership's profit, loss, and specially allocated items for both financial accounting and income tax purposes that equal in an overall amount the rights and shares he enjoyed as a Limited Partner, but with such rights and shares prorated between his interest in the Partnership as a General Partner and his interest in the Partnership as a Limited Partner according to the; amount of his interest that has been converted to the interest of a General Partner. 19.4 Option to Purchase Deceased Partners Interest Except as otherwise provided herein, on the death or legal incompetence of any Partner, the Partc~ership business shall continue. At that time, the remaining Partners shall have the right either to continue the Partnership business with the estate of the deceased Partner continuing as a member in the Partnership, to liquidate the Partnership business and terminate the Partnership pursuant to Section 20, or purchase the interest of the deceased partner. Ln the event that the remaining Partners elect to purchase the interest of the deceased Partner, the fair market value of the Partnership and payment of the purchase price shall be determined according to the procedure outlined Section 19.2.1. 19.5 Continuance of Partnership Except as othe~tivise provided herein, on the death of any Partner, if the remaining Partners elect to remain in business, the estate of a deceased Partner shall succeed to his or her interest in this Partnership and shall be bound by the terms and provisions of this Agreement. However, in the event that the interest of the deceased Partner does not pass in trust or passes to more than one heir or devisee or, on termination of a trust, is distributed to more than one beneficiary, then the heirs devises, and beneficiaries (the "Distributees") shall execute and deliver to the Partnership, within ten (10) days after distribution by the estate of the deceased partner or by the tn~stee under any trust established by the deceased Partner a written power of attorney appointing one person, firm, or corporation as the agent of the Distributees. The agent shall be responsible for collecting, receiving, and making all payments and contributions required under this Agreement, shall vote the entire interest of the Distributees 22 performable by reason of, or arising from, their interest in tl~e Partnership. All payments or disbursements due the Distributees for, or arising from, their interest in the Partnership shall be deemed to have been validly made to the Distributees by payment to the duly designated agent. If the Distributees t~~r any reason fail to designate an agent in writing in the manner and within the time prescribed and continue to fail to designate an agent in writing in the manner and within the time prescribed and continue to fail to designate an agent after ten (10) days written notice from the Partnership to do so, that failure shall constitute a default under this Agreement, 19.6 Election of General Pai•tnet• In the event that any transfer or other action taken pursuant to this Agreement leaves the Partnership without a General Partner, results in the conversion of all of the General Partnership interest of the last remaining General partner, the Partnership shall be liquidated unless the Limited Partners unanimously elect to continue the Partnership and appoint one or more of the Partners as substitute General Partner. Each such substitute General Partner shall be treated as a General Partner under this Agreement with all the rights, duties, powers, and obligations of the General Partners as set forth herein. Section 20 Dissolution, Liquidation, and Termination Partnership 20.1 Dissolving Events The following events shall be considered dissolving events under this Agreement: (a) the affirmative vote of a majority in interest of the General Partners to terminate the Partnership; (b) except as otherwise provided in Section 19, the happening of a Defaulting .Event; (c) except as othen~~ise provided in this Agreement, on the occurrence of any event that under the "Pennsylvania Revised Uniform Limited partnership Act", i5 Pa.C.S.A. X8501 et seq., would cause the dissolution of a limited partnership; (d} the happening of a Disabling Event to the last remaining Genera[ Partner, unless within the sixty day period following the happening of such a Disabling Event, a majority in interest of the Limited Partners consent in writing to continue the Partnership, If the Disabling Event relates to a General Partner who has been deemed mentally incompetent by law, a decision by the majority in interest of the General Partners to continue the Partnership may be deemed to extend to the Spouse to vote as a General Partner on all matters that may arise for decision at any subsequent meetings of the General Partners. 20.2 Method of Liquidation On dissolution, termination, or liquidation of the Partnership, all of the Partnership's assets will be liquidated and the Partnership will be dissolved. All proceeds derived from such sale, together with all Partnership assets which are not sold, shall be applied and distributed in the fallowing manner and in the following order of priority: (1) payment of the o;.rtstanding Partnership liabilities, including those owed to the Limited Partners, and to the expense of liquidation in the order of priority as provided by law; then to (2) any appropriate reserve in an amount the General Partners determine necessary for any contingent liability until the contingent liability is satisfied; then to (3) payment of the outstanding Partnership liabilities to the General Partners; then to (4) payment to each Partner of his capital account; then to (S) payment to each Partner in proportion to their respectivf; Percentage Interests as set on Exhibit "A" unless otherwise provided in this Agreement. 20.3 Reasonable Time for Liquidation A reasonable time shall be allowed for the orderly liquidation of the Partnership's assets pursuant to Section 20.2 above in order to minimize the 23 losses normally attendant upon such a liquidation. 20.4 Date of Dissolution The Partnership shall terminate and dissolve when all of its assets have been applied and distributed in accordance with the provisions of Section 20.2 above. Section 21 Genera! Provisions 21.1 Modification and Amendment of Agreement Unless provided otherwise, tlvs Agreement may be amended or modified by the Partners from time to time but only by a written consent instrument executed by the majority in interest of the General Partners. 21.2 Notices Except as may be otherwise specifically provided in this Agreement, all notices required or permitted under this Agreement shall be in writing and shall be deemed to be delivered when either hand delivered or deposited in the tJnited States Mail with postage prepaid, as registered or certified mail, return receipt requested, and addressed to the parties at the respective addresses set forth in Exhibit "A" or at any other addresses that may subsequently be specified by written notice delivered i.n accordance with this Agreement. 21.3 Pennsylvania Law to Apply This Agreement shall be governed by and construed under and in accordance with laws of the Commonwealth of Pennsylvania. 21.4 Other Instruments The patties covenant and agree that they will execute any other instruments and documents that are or may become necessary or convenient to effectuate and cant' out the Partnership created by this Agreement. 21.5 Headings The headings used in this Agreement are used for administrative purposes only and shat{ not be considered in construing the terms of this Agreement. 21.G Parties Bound This Agreement shall be binding on and inure to the benefit of the parties and their respective heirs, executors, administrators, legal representative, successors, and assigns when permitted by tlus Agreement. 21.7 Legal Construction In case any one or more of the provisions contained in this Agreement shall, for any reason, be held invalid, ill;;ga{ or unenforceable in any respect, that invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement, and this Agreement shall be construed as if that invalid, illegal, or unenforceable provision had never been contained in this Agreement. 27.8 Counterparts 'This Agreeme~zt may be executed in any number of counterparts and each counterpart shall for all purposes be deemed to be an original. 27.9 Gender and Number Whenever the context shall require, all words in this Agreement in the male gender shall be deemed to include the female or neuter gender, all singular words shall include the plural, and all plural words shall include the singular. 21.10 Prior Agreements Superseded This Agreement supersedes any prior understandings or written or oral agreements between the parties respecting the subject matter contained in it. 21.11 Life Insurance The Partnership may carry life insurance on each General Partner in an aggregate amount sufficient as determined by the majority in interest of General Partners. The beneficiary and amount of such policy and the extent to which such beneficiary may receive the proceeds shall be determined by the General Partners «s appropriate. Z4 IN WITNESS WHEREOF, the undersigned have executed, sealed, and delivered this Agreement of Limited Partnership on the date and year first written above. WITNESS: %~ William F. Rittner Frances M. Rittner 25 EXHIBIT "'A" INITIAL PERCENTAGE INTERESTS AND CAPITAL CONTRIBUTIONS Name and Address Value of Capital Percentage Contribution Interests GENERAL PARTNERS: William F. Rittner- 11 OS Kent Drive Mechanicsburg, PA 17055 $ 28,100.00 2% Frances M. Rittner 1105 Kent Drive Mechanicsburg, PA 17055 $ 28,100.00 2% Lil\'I:ITED PARTNERS: William F. Rittner 1105 Kent Drive Mechanicsburg, PA 17055 $ 674,400.00 48% Prances M. Rittner 1 l OS Kent Drive Mechanicsburg, 1:'A 17055 $ 674,400.00 48% 26 EXHIBIT "B" CAPITAL CONTRIBUTION Real Property Conh•ibuted to Partnership 1) 3001 North Second Street, Harrisburg, Dauphin County, Pennsylvania. 2) 434 South Third Street, Lemoyne, Cumberland County, Pennsylvania. 3) 440 South Third Street, Lemoyne, Cumberland County, Pennsylvania. 4) St. Johns Church Road, Hampden, Cumberland County, Pennsylvania. 5) 4230 `l'rindle Road, Hampden, Cumberland County, Pennsylvania. See attached deeds 27 ----. -15-01 05:O1PM FROM-BROWN SCHU;~~frHERIDAN & FRITZ 717-737-6655 W.F. Partnership . Allocation of Interest in Partnership T-014 P.03/11 F-455 Interest % interest % Interest 12/31!96 12/31/97 12/31/913 Balance Ge~era~~at~ner,: William F. Ritmer 2% (1) 1% 1% I°~° Frances M. Rittner 2% (2) 1% 1% 1% Janet Young Rittner 2% 2% 2% Lim ited Pnrtnerc William F. Ritmcr 48% (3) 141.4% (5) 0% 0% Frances M. Rittner 48% (4) 14.4% (6) 0% 0% Wrm and Frances Ritraer Irrev Trusts 67.2% 96% 96% 100% 100% 100% 100% (1) William assigned ll2 of his 2% gonrral parttsrr interact m Janet Young Rittner efective ]/1/97 (2) ~~ Frar-ces assigned ]/2 of her 2% general partner interest to Janet Young Rirtner effective 1/1/97 (3) William assigned 70% of his 48% limited partner interest or 33.6 %to the Wm Rittner lrrevacable Trust effective 1/1/97 (4) Frances assigned 70% of his 48% limiud partner intorest or 33.6 % to the Frances Ritmer irrevocable Trust effective 1/1/97 (5) W iIliam assigned his remaining 14.4% linutcd partner interest to the Wm Ritmer Irrevocable Trust effective 1/1198 (6) Frances assigned his remaining 14.4% limited partner interest to rite Frances Rittner Irrevocable Trust effective 1/1/98 PS-(NT.WK4 tD F ~' 4230 Trindle (McD's) 405 St. John's Church Road (Office) 438 S. Third (Turkey Hill) (changed) 3806 Market Total The WF Partnership 772,410 (L&B) 1.22 $ 942,340.20 150,000(Land Only)1.22 $ 183,000.00 (leased to Danet) 81,680 (Land Only) 1.22 $ 99,649.60 460,880 (L&B) 1.22 $ 562,273.60 $1,787,263.40 F:\daw\7480 - RITTNER, WILLIAM F\14766 -Estate of Frances M. Rittner\Documents\Property Listing.doc 1/17/08 3:45 PM 1065 U.S. Return of Partnership Income Form For calendar year 2004, or tax year beginning ,and ending _ Department of the Treasury - Internal Revenue Service A Principal business activity ' I Name of partnership RENTAL label. F PARTNERSHIP B Principal product a service Other- Number, street, and room or suite no. If a P.O. box, see page 14 of the instructions. ~ Business code number City a town, state, and 21P code OMB No. 1545-0099 2004 D Employer identification number LJ-L7V'!G! ! E Date business started 01/01/1997 F Total assets G Check applicable boxes: (1) LJ Initial return (2) LJ Final return (3) LJ Name change (4) U Address change (5) U Amended return H Check accounting method: (1) ® Cash (2) 0 Accrual (3) ~ Other(specify) - I Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year - 5 Caution: Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information. 1 a Gross receipts or sales _ _ _ _ _ .. 1 a b Less returns and allowances __.. _ 1b is 2 Cost of goods sold (Schedule A, line 8) _ _ _. _ _ _ . _. _ _ . _ 2 ~ 3 Gross profit. Subtractline2fromlinelc _ __ ._ _ .. ._ _._ _ ___ 3 4 Ordinary income (foss) from other partnerships, estates, and trusts (attach schedule) 4 5 Net farm profit (loss) (attach Schedule F {Form 1040)) _. 5 6 Net gain (loss) from Form 4797, Part II, line 17 _ _. _ g 7 Other income (loss) (attach schedule) _ __ __ 7 8 Total income Ioss.Gombinelines3throu h7 .___ .................._..._........_...................._.........._...._............ 8 9 Salaries and wages (other than to partners) (less employment credits) ................................................. 9 ~ 10 Guaranteed payments to partners _ _.. _ .. .. ___ ..... ._ _. 10 • ~ 11 Repairs and maintenance _. _ _ _ 11 •~ 12 Bad debts _ _ _ _ . _ _ _ _ _ _ . ___ _ . __ ... _ _ ...__. _..._ .__..__. ___ 2 '~ 13 Rent _ 13 H 14 Taxes and licenses __.._ __ __ _..... __ _ __.. .. _ .. _ ._._ ._ __._ _ __...._.. 14 0 15 Interest ___........._ ................__........._... _...._...._........._._ ..............__........_..__.._....._._...._......... 15 3 16 a Depreciation (if required, attach Form 4562) 16a y b Less depreciation reported on Schedule A and elsewhere on return 16b i6c ro 17 Depletion (Do not deduct oil and gas depletion.) _. _., _. _ _ . 17 v 18 Retirement plans, etc. _ _ _ _ 18 ~ 19 Employee benefit programs 19 0 U ~ 20 Other deductions (attach schedule) _.._ .._. __.. _..._ .. ___ ..... 20 D 21 Total deductions. Add the amounts shown in the far ri ht column for lines 9 throw h 20 ........................................ 21 22 Ordina business income loss .Subtract line 21 fro ine 8 .............................................................................. 22 0 . Under penalties of perjury. I declare that I have examined return, Including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (oth eral partner or limited liability company member) is based on all information of which preparer has any knowledge. Slgn Here May the IRS discuss this return ' with the preparer shown below ' Signature of general partner company member Date (see insV.)? ®Yes ~ NO Preparer's Date Preparer's SSN or PTIN Paid signature 03 06 05 `heck if -® self-employed P00448207 ' ' ""°' "' u yours it sell- 1V' LtC U t1AC; K~'1"1' EIN ~2 5 -17 3 5 3 0 0 Use Only employed). 110 BERGNER STREET Phone no. 717.7 3 7. 7 2 31 address, and zlPcode HARRISBURG PA 17110 oitos o5 JWA For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. Form 1065 (2004) 1 2 3 4 5 6 7 8 9a >st of Goods Sold - -- Inventory at beginning of year _ _ _ . Purchases less cost of items withdrawn for personal use _.... Cost of labor _ _ _ _ _ _ _ _. Additional section 263A costs (attach schedule) ___ Other costs (attach schedule) _ _.._ .. _. _..,_., _, _ __ Total. Add lines 1 through 5 Inventory at end of year Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 Check all methods used for valuing closing inventory: (i) [] Cost as described in Regulations section 1.471-3 (ii) ~ Lower of cost or market as described in Regulations section 1.471-4 (iii) ~ Other (specify method used and attach explanation) - b Check this box if there was a writedown of "subnormal" goods as described in Regulations section 1.471-2(c) _. , ,, _. - c Check this box if the LIFO inventory method was adopted this tax year for any goods (;f checked, attach Form 970) - [] d Do the rules of section 263A (for property produced or acquired for resale) apply to the partnership? C] Yes 0 No e Was there any change in determining quantities, cost, or valuations between opening and closing inventory? ~ Yes 0 No ~ Schedule B I Other Information 1 What type of entity is filing this return? Check the applicable box: Yes No a 0 Domestic general partnership b ®Domestic limited partnership c ~ Domestic limited liability company d [~ Domestic limited liability partnership e 0 Foreignpartnership f 0 Other- 2 Are any partners in this partnership also partnerships? X 3 During the partnership's tax year, did the partnership own any interest in another partnership or in any foreign entity that was disregarded as an entity separate from its owner under Regulations sections 301.7701-2 and 301.7701-3? If yes, see instructions for required attachment g 4 Did the partnership file Form 8893, Election of Partnership Level Tax Treatment, or an election statement under section 6231(a)(1)(B)(ii) for partnership-level tax treatment, that is in effect for this tax year? See Form 8893 for more details . _ .. _. _ g 5 Does this partnership meet all three of the following requirements? 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 $600,000; and 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. 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 N on Schedule K-1 X 6 Does this partnership have any foreign partners? If "Yes," the partnership may have to file Forms 8804, 8805 and 8813. See page 20 of the instructions _._.. .. _. __ . _.._ _ X 7 Is this partnership a publicly traded partnership as defined in section 469(k)(2)? g 8 Has this partnership filed, or is it required to file, Form 8264, Application for Registration of a Tax Shelter? g 9 At any time during calendar year 2004, 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 page 20 of the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes," enter the name of the foreign country. - X 10 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. See page 21 of the instructions _ .... .._. __. ._.__._ ........__ __ .._ __.._. X t 1 Was there a distribution of property or a transfer (e.g., by sale or death) of a partnership interest during the tax year? If "Yes;' you may elect to adjust the basis of the partnership's assets under section 754 by attaching the statement described under Elections Made By the Partnership on page 9 of the instructions __..... _..... .. X Designation of Tax Matters Partner (see page 21 of the instructions) Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return: Name of IdE;ntifying designated TMP - JANET RITTNER YOUNG number of TMP - 1$1- 3 8 - 8 719 Address of - 4 7 7 5 AUGUSTA DR designated TMP MECHANI SBURG PA 17 0 5 0 JWA Form 1065 (2004) aiioii o~-os-os Form 1065 (2004) W F PARTNERSHIP 2 3- 2 9 0 4 2 7 7 Pape 3 Schedule I(I Partners' Distributive Share Items 1 --- - Ordinary business income(loss)(Page 1, line 22) _ _ ._.. .. .. __... _ _ . ..__ .. __ .. .____ . _.... 1 IY4GI QIIIVYIII 0. 2 Net rental real estate income (loss) (attach Form 8825) .......... _........._ .SEE...S.TAT.EMENT...1. __..... 2 8 6 ,15 6 . 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 H 4 Guaranteed payments .._ . _ . ___ .. _. 4 J 5 Interest income _ __ „_. _ ._ . ___ _ .. .SEE._ STATEMENT _2 _ 5 20 . E 6 Dividends: a Ordinarydividentls ._ .........................._.......... 6a c b Qualified dividends 6b ~ 7 Royalties _ _ __. 7 8 Net short-term capital gain (lass) (attach Schedule D (Form 1065)) g 9a Net long-term capital gain (loss) (attach Schedule D (form 1065)) ....... .................................................... 9a b Collectibles (28%j gain (loss) 9b c Unrecaptured section 1250 gain (attach statement) _ 9c 10 Net section 1231 gain (loss) (attach Form 4797) _ . _ _ _ . _ _ _.. _.. _ .. _ 10 11 Other income loss attach statement _ .............._......._............. _..__.........__......._...._..._ ...._........ 11 12 Section 179 deduction (attach Form 4562) __ _._ 12 ~ 13a Contributions _ _ _ 13a b Deductions related to portfolio income (attach statement) 1gb ~ c Investment interest expense ___ .__. _ ___ 13c m p d Section 59(e)(2) expenditures: (1) Type - (2) Amount- 13d 2 e Other deductions attach statement ...._ .............__....._.__......_..._. ..._._............_....................._........ 13e w Q,,, 14a Net earnings (loss) from self-employment _ _ 14a 0 b Gross farming or fishing income _ _ _ _ _ _ _ _ _ _ _ 14b w c Gross nonfarm income ........................................................ _......... _...... _..... 14c 15a Low-income housing credit (section 42(j)(5)) .._. _. _ _ .. _ ._ . ._ 15a ~ °a ~ b Low-income housing credit (other) __ _. _ __ _.. __. ... 15b .wv a c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468) , __. 15c UrJ ~ d Other rental real estate credits _ _ _ _ _. 15d ~ e Other rental credits 15e f Other credits and creditreca ture attach statement _............ _._......._....._...._ .................._.... 15f 16a Name of country or U.S. possession - b Gross income from all sources i6b c c Gross income sourced at partner level _ 16c _ U Foreign gross income sourced at partnership level: N c d Passive ~ e Listed categories (attach stmt.) ~ f General limitation ~ 16f Deductions allocated and apportioned at partner level: F ~ g Interest expense - h Other . _ . _ _ _ _ - 16h 'm Deductions allocated and apportioned at partnership level to foreign source income: LL i Passive j Listed categories (attach stmt.) ~ k Generallimitation ~ 16k I Foreign taxes (1) - Paid (2) Accrued ~ 18f 2 m Reduction in taxes available for credit attach statement ........................ ..................................................... 16m x y 17a Post-1986 depreciation adjustment _ _ ., _ _ _ _ . _ _ _ _ _ _ _ _ 17a <2 3 0 2 . >r E b Adjusted gain or loss _.. _ . _ .._. _ __... ._ . ___ _ __.._..___. ____..._._.__..__. _.._ 17b ~^ c Depletion (other than oil and gas) 17c ~_ ~~ d Oil, gas, and geothermal properties -gross income 17d Qua a Oll, gas, and geothermal properties -deductions 17e f OtherAMTitems attach statement ...__..........._......_._ .........__.. _ .............__..........._..........._........ 17f 18a Tax-exempt interest income 18a o b Other tax-exempt income 18b E c Nondeductible expenses _ _ , _ _ _ 18c 0 19a Distributions of cash and marketable securities _. _ _ . 19a 5 8 0 0 0 . b Distributions of other property 19b t 20a Investment income 20a 2 0 . p b Investment expenses _ _ 20b c Other items and amounts attach statement .. _... _._. . __......_........._ ............... ~wH Form 1065 (2004) aiio2i 01-O6-Oa Form 106512004) W F PARTNERSHIP 2 3- 2 9 0 4 2 7 7 Page 4 Anal sis of Net Income Loss F th It bi tthe mof SchK lines l2 throw hl3e and 1611 or 1612 ..---~_--~-~--~~~~ 1 86 176. 1 Net me (loss). Combine 2 Analysis by partner type: a General partners b Limited artners Sch K Imes 1 throw n 11. (i) Corporate rom a resu su roc s (ii) Individual (active) u (iii) Individual (passive) (iv} Partnership (v) Exempt organization (vi) Nominee/Other 3 448. 82 728. Notes Schedules L. M-1 and M-2 are not required if Question 5 of Schedule B is answered "Yes:' nce Assets 1 C sh 14,102. 1U,'16y. a ____. _. __._ _. 2a Trade notes and accounts receivable _ b Less allowance for bad debts _ ventories 3 I n _. overnment obligations S 4 U _ _.. . . g t securities 5 Tax-exem p urrent assets (attach statement) r s Oth e c _ _ e and real estate loans 7 Mort a _ _ , g g 8 Other investments (attach statement) , 9a Buildings and other depreciable assets 611 0 7 3. 6 9 4 9 0 6. _ b Lessaccumulateddepreciation 322 057. 289 016. 347 939. 346 967. ___ _ 10a Depletable assets . _ _ _ _ _ b Less accumulated depletion _ _ . 11 Land (net of any amortization) 131 8 2 4 . 131 8 2 4 . _ . _. 12a Intangible assets (amortizable only) 13 913. 13 913 . b Less accumulated amortization 2 4 9 9 . 11 414. 2 4 9 9 . 11 414 . _ . _ 13 Other assets (attach statement) 14 Tota-assets 446 356. 500 974. _ .__. ___ .___ . _ _ ._ Liabilities and Capital ayable 15 Accounts p able in less than 1 yea. bonds a notes is Mort a e 7 0 5 4 5. 2 5 5 5 4. p y , g g s, 17 Other current liabilities (attach statement) . 18 All nonrecourse loans able in t year or mae bonds a notes 19 Mort a es 71 4 3 3 . p y , g g , 20 Other liabilities (attach statement) 21 Partners' capital accounts 3 7 5 811. 4 0 3 9 8 7 . _ _ . _ _ _ _ _ ................... 22 Total liabilities and ca ital .. 4 4 6 3 5 6. 5 0 0 9 7 4. Schedule M-1 Reconciliation of Income Loss er Books With Income Loss er Return , . 1 Net income (loss) per books 8 6 17 6 . s Income recorded on books this yyear not included _ _ . 2 Income included on Schedule K, lines 1, 2, 3c, 5, 6a, 7, 8, 9a, 10, and 11, not recorded on books this year (itemize): on Schedule K, lines 1 through 11 (itemize): aTax-exempt interest $ _ 3 Guaranteed payments (other than health insurance) . _ 7 Deductions included on Schedule K, lines 1 through 13e, and 161(1) (or 161(2)), not charged _ _ _ _ _ _ _ _ _ _ .. 4 Expenses recorded on books this year not included on Schedule K, lines 1 through and 161(1) (or 161(2)) {itemize): 13e against book income this year (itemize): a Depreciation $ , a Depreciation $ b Travel and entertainment $ S Add lines 6 and 7 _ . _ _ 9 Income (loss) (Analysis of Nt;t Income (Loss), 5 Add lines i throw h 4 ................................... 8 6 17 6 . line 1 . Subtract line 8 from line 5 ................ 8 6 17 6 . Schedule M-2 Analysis of Partners'_Capital Accounts 1 Balance at beginning of year 2 Capital contributed: a Cash b Property 3 Net income (loss) per books 4 Other increases (itemize): 5 Atld lines 1 a11oa1 01-06-05 JWA 375 811.6 Distributions: a Cash .. _ _. _ _ . __. bProperty _ _ _ __ 7 Other decreases (itemize): _ 86,176 ._ 8 Addlines6and7 _._ , ,_. _- _ -. _.__. -__. 5tS [U]UU. J Balance at end of year. Subtract line 8 from line 5 4 0 3 . 9 8 7 . Form 1065 (2004) Rental Real Estate Income and Expenses of a OMB NO.1545-1186 8825 Fam Department of the Treasury Internal Revenue Service Partnership or an S Corporation - See instructions on page 2. - Attach to form 1065, Form 1065-B, or Form 1120S. 2004 Name W F PARTNERSHIP Employer identification number 23:2904277 1 Show the kind and location of each property See page 2 for additional properties A RENTAL REAL ESTATE B C D Prope rties __ Rental Real Estate Income A B C D 2 Gross rents 2 121 415 . Rental Real Estate Expenses 3 Advertising 3 _ _ _ _ _ _ 4 Auto and travel 4 _ _ _ _ _ 5 Cleaning and maintenance 5 6 Commissions 6 _ _ . _ _ _ _ 7 Insurance 7 9 8 8 _ .. _. 8 Legal and other professional fees 8 1 9 6 5. .. 9 Interest 9 5 5 3 9 . _ . _ _ _ _ _ . f0 Repairs 10 885. _ _ __.. 11 Taxes ti _ _. _ _ _ ___._.__ _.. 12 Utilities 12 __ .. _. 13 Wages and salaries 13 _ _ _ . 14 Depreciation (see instructions) 14 2 5 $ 8 2 . 4 15 Other (list) - STMT _ _ . 15 __ ____ _ _ ..__ __ _ ._ __._ 16 Total expenses for each property. Add lines 3 through 15 ............. 16 3 5 2 5 9. columnsAthroughH _ _ Add gross rents from line 2 17 Total gross rents 17 121 415 . _ _ _. _ , . ..... .. 18 Total expenses. Add total expenses from line 16, columnsAthroughH 18 3 5 2 5 9 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 17 through 20a. Enter the result here and on: _ • Form 1065 or 1120S: Schedule K, line 2, or 1 6 15 6 . .. , • Form 1065-B: Part I line 4 io-ii oa JWA For Paperwork Reduction Act Notice, see page 2 of form. Form 8825 (2004) W F PARTNERSHIP 23-2904277 Fam 8825 (2004) Page 2 1 Show the kind and location of each property. E Rental Real Estate Income E rro F erties G - H 2 Gross rents _ _ .. _ 2 Rental Real Estate Expenses 3 Advertising _.. 3 4 Auto and travel 4 5 Cleaning and maintenance ............... 5 6 Commissions g 7 Insurance _ _ __ ._ .. __ 7 B Legal and other professional fees 8 9 Interest _. _. __. .___ g 10 Repairs __ ____ __ _ _ .. _ 10 11 Taxes _ _ _ ....................... 11 12 Utilities _ __ ..___ 12 13 Wages and salaries __ _ __ _.. i3 -"-' 14 Depreciation (see instructions) 14 15 Other Qist) - 15 16 Total expenses for each property. Add lines 3 throw h 15 .._...__...... 16 JWH Form 8825 (2004) a2oia2 10-22-04 Form ~~~2 OMB No. 1545-0172 L Depreciation and Amortization 2004, Department of the Treasury (Including information on Listed Property) R- 1 attachment Internal Revenue Service ~ See separate instructions. ~ Attach to your tax return. sequence No. 67 Name(s) shown on return Business or activity to which this form relates Identifying number W F PARTNERSHIP ENTAL REAL ESTATE 23-2904277 Part I Election To Ex ense Certain Pro a Under Section 179 Note: If you have any listed property, complete Part V before you complete Part I. 1 Maximum amount. See instructions for a higher limit for certain businesses . _ _ _ _.., _.. 1 10 2 0 0 0 , .............................. . 2 Total cost of section 179 property placed in service (see instructions) _„ ,, , ,,, ,,,,,,,, , ,, , 2 3 Threshold cost of section 179 property before reduction in limitation 3 410 0 0 0 . 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. IS zero a less, enter -0-. If married filing separately, see instructions 5 6 (a) Description of property (b) Gost (business use only) (c) Elected cost 7 Listed property. Enter the amount from line 29 , _ .. _. _ _ ~L _... _.. .._... ... ..._ ..__. 7 8 Total elected cost of section 179 property. Add amounts in column (c), lines 6 and 7 ,,, ,,, ,,, , ,,,,, 9 Tentative deduction. Enter the smaller of line 5 or line 8 10 Carryover of disallowed deduction from line 13 of your 2003 Form 4562 „_ ., 11 Business income limitation. Enter the smaller of business income (not less than zero) or line 5 12 Section 179 expense deduction. Add lines 9 and 10, but do not enter more than line 11 ................................. 13 Carryover of disallowed deduction to 2005. Add lines 9 and 10, less line 12 ~ 13 Note: Do not use Part 11 or Part 111 below for listed property. Instead, use Part V. Part 11 Special Depreciation Allowance and Other Depreciation (Do not include listed property.)' 14 Special depreciation allowance for qualified property (other than listed property) placed in service during the tax yeaz (see instructions) ................ 15 Property subject to section 168(f}(1}election (see instructions) .. 16 Other de reciation includin ACRS see instructions ..._ _..- _. _.__.........__..._. ...-_ ._ .............._.. _. _..._ Part III MACRS Depreciation (Do not inclurie licterl nrnnarty 1 lRaa inctn ictinnc 1 17 MACRS deductions for assets placed in service in tax years beginning before 2004 ... , . 18 If you are electing under section 168()(4) to group any assets placed in service during the tax c..s:.... Q _ w.... nr.. _.~ : .+_ (a) Classification of property (bl Month and year laced p in service (c) Basis for depreciation business investment use ( only -see inshuctions) (d) Recovery period b=) Convention (f) Method (g) Depreciation deduction 19a 3-year roperty b 5- ear ro ert c 7- ear ro ert d 10- ear propert e 15- ear ro ert f 20- ear ro ert 25- ear propert 25 rs. S/L h R id ti l t l 27.5 rs. MM S/L es en a ren a property / 27.5 rs. MM S/L i Nonresidential real ro ert 12 / 0 4 8 3 8 3 4. 39 rs, MM S!L 9 Q, p p y / MM S/L aecnon ~, -Assess riacea to ~ervtce uunngLOC)4 Tax Year Usina the Alternative Denreriatinn Svaram 20a Class life S/L b 12- ear 12 rs. S/L c 40-year / 40 yrs. MM S/L ( ran wl aw nmary tJCC II IJU UGUVr7J.) 21 Listed property. Enter amount from line 28 21 _ 22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and line 21. Enter here and on the appropriate lines of your return. Partnerships and Scorporations -see instr. .......... 22 2 5 $ $ 2 , 23 For assets shown above and placed in service during the current year, enter the ortion of the basis attributable to section 263A costs ......................... 23 416251 11-15-oa LHA For Paperwork Reduction Act Notice, see separate instructions. Form 4562 (2004) Form 4562 (2004) W F PARTNERSHIP __ 2 3- 2 9 0 4 2 7 7 Page 2 Part V Listed Property (Include automobiles, certain other vehicles, cellular telephones, certain computers, and property used for entertainment, recreation, or amusement.) Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (a) through (c) of Section A, all of Section 8, and Section C if applicable. Section A -Depreciation and Other Information (Caution: See instru^ctions for limits for passenger automobiles.) ~-I n,. .. Ln„n ,.,.{.Inn nn fn n nh 4L,n hncinecc/invac4mon4 nen rhimarl9 I I V.... ~ w1.. nAl. li "Vm " ,c •L.o vvi.Ienno w.iHen9 I I vec ~ IJ.. Type of properly Date Business/ Cost or Basis for depreciation Recovery Method/ Depreciation Elected (list vehicles first) placed in investment other basis (business investment Period Convention deduction section 179 service use percentage use only) cost 25 Special depreciation allowance for qualified listed property placed in service during the tax year and used more t_han_50% in a qualified business use ....... .... .... _.. ....... .... _ ,._ _...-_... ....._ 25 26 Prooertv used more than 50% in a qualified business use: I I ~° I I I I 1 I 27 Pronertv used 50% or less in a qualified business use: 28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 L28 _ 29 Add amounts in column (i), line 26. Enter here and on line 7, page 1 .,.-.._._.......-_._.--,..,.- ,.__ _,--- _ ............................... 2g 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. 30 Total business/investment miles driven during the (a) Vehicle (b) Vehicle (c) Vehicle {d) Vehicle (e) Vehicle (ft Vehicle year (do not 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 use Yes No Yes No Yes No Yes No Yes No Yes No 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 are not more than 5% 37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including corrlmuting, by your Yes No employees? __ __ _ _. _ _._ ....__.- .. _.. _.... __. - ._.... 36 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting, by your employees? See 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? Note: if your answer to 37, 38, 39, 40, or 41 is "Yes," do not complete Section B for the covered vehicles. Part VI ~ Amortization (a) (b) I (c) I (d) I {e) (f) Description of costs Dffieamefllzation Amortizable Code Amortization amortization begins amount section period or percentage for this year 42 Amortization of costs that begins during our 2004 tax year: 43 Amortization of costs that began before your 2004 tax year _ . ..-.,.__ „_ .,_ __ 43 q4 Total. Add amounts in column (f). See instructions for where to report _,.. 44 ats252/ti-u-oa Form 4562 (2004) z 0 O f a 0 z a z O a U w a W O w H cn w w a z w p' 0 0 ul d~ In ~ ~r o 0 0 0 ~ o ao 00 0 o s ~ ~+ rn h ~ to rn aD rn rn j U Ul N r-i N d~ O1 l0 c-i c-I ° °' N d~ e-i e-i o N N ..rn O O C ti d Y ~ V V~ O O l0 l0 O Ifl 01 O N O ~ N ~ ~ d o l0 N h ~O N 11'1 M O ~M h h 'd~ N 00 _~ U 'dI h d~ O~ l~ O c-1 Ln ri O Lf! 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O U N U r N O Q cn =a ' ~ - N ai c n ' ~ ~ ~U 4 tt ~ ~ ~ ~ O ; - O ~ -,~' , c-i '~ d+ lD. J-J~„~ r' d a 0 0 ~_ O ~ 4 a LAC 0 W 0 rW H ZW Q W Q U ~ ~ W H ~p W O N H A ~ ~ W uHi w a s ~_ ~ a ~~~ o cn~ O E' O x ~, a r~ H O ° H ~ ~ H~~ u1 A p ~~~ p1 0 QZ 0 N o p ~O W F PARTNERSHIP SCHEDULE K NET INCOME (LOSS) FROM RENTAL REAL ESTATE STATEMENT 1 DESCRIPTION AMOUNT RENTAL REAL ESTATE 86,156. TOTAL TO SCHEDULE K, LINE 2 86,156. SCHEDULE K INTEREST INCOME STATEMENT 2 DESCRIPTION U.S. BONDS OTHER BANK INTEREST 20. TOTAL TO SCHEDULE K, LINE 5 20. FORM 1065 PARTNERS' CAPITAL ACCOUNT SUbIlKARY STATEMENT 3 PARTNER BEGINNING CAPITAL SCHEDULE M-2 WITH- ENDING NUMBER CAPITAL CONTRIBUTED LNS 3, 4 & 7 DRAWALS CAPITAL 1 6,234. 862. 580. 6,516. 2 9,944. 1,724. 1,160. 10,508. 3 168,502. 41,364. 27,840. 182,026. 4 184,895. 41,364. 27,840. 198,419. 5 6,236. 862. 580. 6,518. TOTAL 375,811. 86,176. 58,000. 403,987. STATEMENT(S) 1, 2, 3 ~ , W F PARTNERSHIP 23-2904277 OTHER RENTAL EXPENSES STATEMENT 4 PROPERTY: RENTAL REAL ESTATE DESCRIPTION AMOUNT AMORTIZATION TOTAL TO RENTAL SCHEDULE, LINE 15 STATEMENT(S) 4 Z O a U w a W 0 a r- Z a 2 F J Q O N d~ l~ 0 0 0 0 L!') ~M d~ LfI N m d~ O ~ E cis M N N V V Ltl N e-i 01 d+ O O 00 Ll'1 d~ c ~-I Ol Lfl N c-I Ln 01 Ol CM OD N °- Ln r-i ri N d~ Ol c-i d~ e-I O ~.~9 M N ri N OD ~ N N N n V Lfl d~ LCI lfl d~ O O 00 O N c ri d~ Q1 L~ .-i t,C) Cl Ol 00 ` o ~~~ l[1 N rl N d~ 01 e-1 00 ~.~ ~ ~ .. N ri Lfl ~ ~ N N 0 L!') L~ e-I 01 01 O O O d~ lSl "a ~-I l0 Ol N M O Cf~ M i-i l!l Lfl N l0 ~ -I lti 1t1 N d~ ~a ~ ¢~ c-i c-I e-1 L~ l11 (T L~ l0 00 4 N 000[~OcNd~01 l0 N r-IMOCO[~OM~-1C~ N ~a N~-IMlON000 C~`l0 00 ~°~ Q d l0 d~ M dr e-I O M l0 e-I i-i N i--I Ol r-I 00 'd~ ci L~ o c.~ N d~ 0 0 0 0 0 0 0 0 ~~ Lf100000000 g~ p G J ~'-I O O O Ln Lf') O1 Ql MNNNe-Ie--IMMl1l r-o A A A A A A ~~ OOO00 0 ~ -n -n ~n ~n ~n a a ~n ~~~~~~~~ L~ [~ ~--~ M d~ Ol ~ 00010100000101 °J = ~ c-1 01 00 N 00 t11 r-1 i--I e-i p t 7- Oi-Ic-IOOOMOO v [~ ~--I 01 l0 d> OD N LC1 Ll) O ~-I O O O O ri O O ~~ ~ o oo W Ul~ ~ ° `Y' ~H ~ ~ - w WW zN N owzowE-+oa~z ~ o aawhH~Hxx A wa •v~- oow E-+ r~~aa- zHwo zwz~~xH~~ M M H A H H A O h~ a v~ A a AAh oC7 A ~ x z zZz z z ~ A~CFC~HEiWAaG O ~ ~ ttl ~D L`~ M C~ 00 N h o r-I ~--1 c-I c-I aZ a 0 00 m~ vo 6511 Schedule K-1 Anne 0 Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1065) "~`~~ Department of the Treasury Tax yeaz beginning Part 111 Partner's Share of Current Year Income, DedUCtIOnS CredltS and Other Items Internal Revenue Service and ending Partner's Share of Income, Deductions, 10rdinary business income (loss) p , 15 Credits & credit recapture Credits, etC. 2 N et rental real estirte income (loss) See se crate instructions. 8 6 2 . 16 Foreign transactions Part I Inf r atio t th Ab P rt hi 30ther net rental income (lass) o m n ou e a ners p A Partnership's employer identification number 4 Guaranteed paymE:nts 23-2904277 B Partnership's name, address, city, state, and ZIP code 5lnterest income W F PARTNERSHIP 6a0rdinarydividends 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17 0 4 3 sb Qualified dividends. - 2 3 , C IRS Center where partnership filed return CINCINNATI OH 7 Royalties D ~ Check if this is a publicly traded partnership (PTP) 18 Tax-exempt income and E ~ Tax shelter registration number, if any F ~ Check if Form 8271 is attached 8 Net short-term capital gain (loss) nondeductible expenses 9a Net long-term capital gain (loss) Part 11 Information About th P rt e a ner 96 Collectibles (28%) gain (loss) 19 Distributions G Partner's identifying number 580 . 2 0 7- 0 7- 9 0 0 8 9c Unrecaptured sec 1250 gain H Partner's name, address, city, state, and ZIP code 20 Other information 10 Net section 1231 gain (loss) WILLIAM F. RITTNER 2 8 2 LOWTHER ST # 10 4 110ther income (loss) LEMOYNE PA 17043 I ®General partner or LLC ~ Limited partner or other LLC member-manager member J ®Domestic partner [~ Foreign partner 12 Section 179 deduction K What type of entity is this partner? INDIVIDUAL 13 Other deductions L Partner's share of profit, loss, and capital: Beginning Ending Profit % 1.0000000% Loss % 1. 0 0 0 0 0 0 0% 14Self-employment earnings (loss) ca ital °~° 1.0000000% 0 , M Partner's share of liabilities at year end: Nonrecourse $ ____ _. 'See attached statement for additional information. Oualified nonrecourse financing $ Recourse _ __ __. __ __ $ 24 , 247 . N Partner's capital account analysis: Beginning capital account _ _ _ _ _ _ _ _ $ 6 , 2 3 4 . Capital contributed during the year $ Current year increase (decrease) _ $ 8 6 2 . Withdrawals & distributions _ _ _.. _ _ . $( 5 8 0 a Ending capital account _ _ _ $ 6 , 516. ®Tax basis 0 GAAP 0 Section 704(b) book 0 Other ex lain a c ~ j ~ $ " JWA For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2004 411261 01-OS-OS 2 6511 Schedule K-1 (Form 1065) Department of the Treasury Tax year beginning Internal Revenue Service and ending Partner's Share of Income, Deductions, Credits, etc. Part I Information About the Partnership A Partnership's employer identification number 23-2904277 B Partnership's name, address, city, state, and ZIP code W F PARTNERSHIP 282 LOWTHER ST #104 LEMOYNE, PA 17043 C IRS Center where partnership filed return CINCINNATI, OH D 0 Check if this is a publicly traded partnership (PTP) E 0 Tax shelter registration number, if any F ~ Check if Form 8271 is attached ~ Final K-1 I-I Amended K-1 OMB No_1_545-009! Part III Partner's Share of Current Year Income, Deductions Credits and Other Items 10rdinary business income (loss) 15 Credits & credit recapture ~. 2 Net rental real estate income (loss) 1 7 2 3 . i6 Foreign transactions 30 ~ er net rental income (loss) 4 Guaranteed payments 5lnterest income ~ 1 6a Oidinary dividends 6b0ualified dividends 7 R i yalties 8 Net short-term capital gain (loss) 9a Net long-term capital gain (loss) Part li Information About the Partner 9b Collectibles (28%) gain (lass) G Partner's identifying number 181- 3 8 - 8 719 9c Unrecaptured sec 1250 gain H Partner's name, address, city, state, and ZIP code JANET RITTNER YOUNG 10 Net section 1231 gain (loss) 4775 AUGUSTA DR MECHANISBURG PA 17050 flotherincome(loss) I ®General partner or LLC 0 Limited partner or other LLC member-manager member J ®Domestic partner [~ Foreign partner K What type of entity is this partner? INDIVIDUAL 12Section 179 deduction L Partner's share of profit, loss, and capital: 130ther deductions Beginning Ending Profit % 2.0000000°r° Loss % 2. 0 0 0 0 0 0 0% 14Self-employment earnings (loss) Ca ital °~° 2.0000000°~° 0 M Partner's share of liabilities at year end: Nonrecourse $ 'See attached statement for addi _ _, _ _, _ _ _ _.. _ _ Ouallfied nonrecourse financing _ _ _ $ Recourse $ 48 , 493 . N Partner's capital account analysis: ?' c Beginning capital account _ _ _. _ _ $ 9, 944. o __ Capital contributed during the year _ _ _ _ _ _ _.. $ ~ Current year increase {decrease) _ _ _ _ _ $ 1 , 7 2 4 . ~ Withdrawals & distributions _ _ _ $( 1 , 16 0 a o Ending capital account __._. _ __ _ __ _ _ .. $ 10 , 508. "" ®Tax basis ~] GAAP ~ Section 704(b) book Other (explain) _ _ _ _ _ - _ _ JWA For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. aii2si 01-O5-OS 2004 17 Alternative min tax (AMT) items r I _n~ 18 Tax-exempt income and nondeductible expenses 19 Distributions 20 Other information Schedule K-1 (Form 1065) 2004 2 6511 s~t7od~~io k.t ~nn~ n Final K-1 n Amended K-1 OMB No. 1545-0099 (Form ios5) iG'~.Ia~'T Department of the Treasury Tau year beginning Part 111 Partner's Share of Current Year Income, Deductions Credits and Other Items Internal Revenue Service and ending Partner's Share of Income, Deductions, 10rdinary business income (loss) 0 . 15 Credits & credit recapture CredltS, etC. 2 Net rental real estate income (loss) See se ante instructions. 41 3 5 5. 16 Foreign transactions 30ther net rental income (loss) Part 1 Information About the Partnership A Partnership's employer identification number 4 Guaranteed payments 23-2904277 state and ZIP code address city B Partnership's name 5lnterest income , , , , 9. W F PARTNERSHIP 8a0rdinarydividends 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17 0 4 3 6b Qualified dividends -1 10 5 . C IRS Center where partnership filed return CINCINNATI OH 7 Royalties D ~ Check if this is a publicly traded partnership (PTP) 18 Tax-exempt income and E [~ Tax shelter registration number, it any F ~] Check if Form 8271 is attached 8 Net short-term capital gain (loss) nondeductible expenses 9a Net long-term capital gain (loss) Part II Information About the Partner 9b Collectibles (28°f°) gain {loss) 19 Distributions G Partner's identifying number 27 840 . 2 5- 6 5 7 4 1 6 5 9c Unrecaptured sec 1250 gain H Partner's name, address, city, state, and ZIP code 20 Other information 10 Net section 1231 gain (loss) 9 . WILLIAM RITTNER IRREVOCABLE TRUST 2 8 2 LOWTHER ST # 10 4 110ther income (loss) LEMOYNE PA 17043 I [~ General partner or LLC ®Limited partner or other LLC member-manager member J ®Domestic partner ~ Foreign partner 12Section 179 deduction K What type of entity is this partner? TRUST 130ther deductions L Partner's share of profit, loss, and capital: Beginning Ending Profit % 48.0000000% Loss °1° 4 8. 0 0 0 0 0 0 0% 14Self-employment earnings (loss) Ca ital % 48.0000000°1° M Partner's share of liabilities at year end: Nonrecourse $ "See attached statement for additional information. Qualified nonrecourse financing _ $ Recourse $ 0 N Partner's capital account analysis: Beginning capital account _ _ _ $ 16 8 , 5 0 2 . Capital contributed during the year _ _ _ _ $ Current year increase (decrease) _ _ _ _ _. _ $ 41, 3 6 4 . Withdrawals & distributions _ _ _ . _ _ $( 2 7 , 8 4 0 a Ending capital account _ _ _.. $ 18 2 , 0 2 6 . ®Tax basis [~ GAAP [~ Section 704(b) book 0 Other (explain -'' c ~ ~ ~ g " JWA For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (form 1065) 2004 aii2si 01-05-05 6511 CnheAule Y-1 ~nn~ n Final K-1 n Amended K-1 OMB No. 1545-0099 (Form loss) L V V'T Department of the Treasury Tax year beginning part 111 Partner's Share of Current Year Income, Deductions Credits and Other Items Internal Revenue Service and ending Partner's Share of Income, Deductions, 1 Ordinary businessincome (loss) 0 . 15 Credits & creditrecapture Credits etC. 2 Net rental real estate income (loss) , See se crate instructions. 41 3 5 4. 16 Foreign transactions 30ther net rental income (loss) Part 1 Information About the Partnership A Partnership's employer identification number 4 Guaranteed payments 23-2904277 state and ZIP code address city B Partnership's name 5lnterest income , , , , 10. W F PARTNERSHIP sa0rdinarydividends 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17 0 4 3 6b Qualified dividends -1 10 5 . C IRS Center where partnership filed return CINCINNATI OH 7 Royalties D ~] Check if this is a publicly traded partnership (PIP) 18 Tax-exempt income and E ~] Tax shelter registration number, if any F C] Check if Form 8271 is attached 8 Net short-term capital gain (loss) nondeductible expenses 9a Net long-term capital gain (loss) Part 11 Information About the Partner 9b Collectibles (28%) gain (loss) 19 Distributions G Partner's identifying number 27 840 . 2 5- 6 5 7 5 5 0 3 9c Unrecaptured sec 1250 gain address, city, state, and ZIP code H Partner's name 20 Other information , 10 Net section 1231 gain (loss) 10 . FRANCES RITTNER IRREVOCABLE TRUST 2 8 2 LOWTHER ST # 10 4 i i Other income (loss) LEMOYNE PA 17043 I ~ General partner or LLG ®Limited partner or other LLC member-manager member J ®Domestic partner ~ Foreign partner 12Section 179 deduction K What type of entity is this partner? TRUST 130ther deductions L Partner's share of profit, loss, and capital: Beginning Ending Profit °i° 48.0000000°i° Loss % 4 8. 0 0 0 0 0 0 0% 14Self-employment earnings (loss) Ca ital % 48.0000000°~° M Partner's share of liabilities at year end: Nonrecourse $ 'See attached statement for additional information. Qualified nonrecourse financing $ Recourse _ _ _. _ $ 0 N Partner's capital account analysis: Beginning capital account _ _ _ _ . _ _ . _ _ $ 18 4 , 8 9 5 . Capital contributed during the year ___ _ _ $ Current year increase (decrease) $ 41 , 3 6 4 . Withdrawals & distributions _ _. _ _ _ . _ _ $( 2 7 , 8 4 0 ~ Ending capital account _ _ $ 19 8 , 419. ®Tax basis ~ GAAP ~ Section 704(b) book ~] Other (explain) _ _ ?~ c ~ ~ ~ g " JWA For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2004 aii2si 01-05-OS I 5 6511 Schedule K-1 2004, (Form 1065) Department of the Treasury Tax year beginning Internal Revenue Service and ending Partner's Share of Income, Deductions, Credits, etc. See se crate instructions. Part 1 Information About the Partnership A Partnership's employer identification number 23-2904277 B Partnership's name, address, city, state, and ZIP code W F PARTNERSHIP 282 LOWTHER ST #104 LEMOYNE PA 17043 C IRS Center where partnership filed return CINCINNATI OH D 0 Check it this is a publicly traded partnership (PTP) E C] Tax shelter registration number, if any F C] Check if Form 8271 is attached J Final K-1 I-J Amended K-1_ __ OMB No. 1545-009 Part III Partner's Share of Current Year Income, Deductions Credits and Other Items 10rdinary business income (loss) 15 Credits & credit recapture 0. 2 Net rental real estate income (loss) 8 6 2. 16 Foreign transactions 30ther net rental income (loss) 4 Guaranteed payments 5lnterest income a0rtlinary dividends b0ualified dividends 7 B Net short-term capital gain (loss) 9a N It long-term capital gain (loss) Part II Information About the Partner 9b Collectibles (28%) gain (loss) 6 Partner's identifying number 19 5- 0 7- 5 8 7 9 9c Unrecaptured sec 1250 gain and ZIP code state address city H Partner's name , , , , FRANCES M. RITTNER 10 Net section 1231 gain (loss) 2 8 2 LOWTHER ST # 10 4 LEMOYNE PA 17043 110ther income (loss) I ®General partner or LLC 0 Limited partner or other LLC member-manager member J ®Domestic partner 0 Foreign partner K What type of entity is this partner? INDIVIDUAL __ 12 Section 179 deduction and capital: loss L Partner's share of profit 130ther deductions , , Beginning Ending Profit % 1.0000000% Loss °/° 1. 0 0 0 0 0 0 0% 14Self-employment earnings (loss) Ca ital % 1.0000000% 0 M Partner's share of liabilities at year end: Nonrecourse $ "See attached statement for adds _ _ _ _ _ _ _ _ _ _ . Qualified nonrecourse financing _ _ __ _ _ _. Recourse . _.____ __ __ .. $ $ 24 , 247. N Partner's capital account analysis: -'' c Beginning capital account _. _ _. $ 6 , 2 3 6 . ~ Capital contributed during the year _ _ ___ $ ~ Current year increase (decrease) _ _ _ . _ _ _ _ $ 8 6 2 . ~ Withdrawals & distributions _ _ _. _ . _ $( 5 8 0 a o Ending capital account _ _. $ 6 , 518. " ®Tax basis ~ GAAP ~ Section 704(b) book Other (explain) ~ JWA For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. 411261 01-OS-OS 17 Alternative min tax (AMT) items T I _~z 18 Tax-exempt income and nondeductible expenses 19 Distributions 20 Other information Schedule K-1 (Form 1065) 2004 5 1065 U.S. Return of Partnership Income Fam Fa calendar year 2005, or tax year beginning ,and entling Department of the Treasury Internal Revenue Service A Principal business activity Name of paztnership Use B Principal product or service I Other- I Number, street, and room or suite no. If a P.O. box, see the instructions. G Business code number City or town, state, and ZIP cotle OMB No. 1545-0099 zoos D Employer identification number LJ-GJV•fL! E Date business started F Total assets 531120 EM E A 17 628 223. G Check applicable boxes; (1) Initial return (2) Final return (3) Name change (4) Address change (5) [~ Amended return H Check accounting method: (1) ® Cash (2) ~ Accrual (3) [~ Other (specify) - I Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year - 5 Caution: Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information. . 1 a Gross receipts or sales a _ _ _ . _ _ _. .. . __. _ b Less returns and allowances tb is _ _ _. _. line 8) 2 Cost of goods sold (Schedule A 2 , _..... _ , m 3 Gross profit Subtract line 2 from line 1c E .. _ ___ ..._.. .. _ _... _ . _ __ v - _ .. and trusts (attach schedule) estates 4 Ordinary income (loss) from other partnerships 4 c ,- ,,, . _. , , , . _._ 5 Net farm profit(loss)(attachScheduleF(Form 1040)) 5 __ . _._ __ . _ __ _ _.._ _. _ line 17 (attach Form 4797) Part II ain (loss) from Form 4797 6 Net 6 _ _ ,. _ _ _.. _ _ , , g .. .. 7 Other income (loss) (attach schedule) 7 _ _ _.. .. _ . . _ _ _ _ _ . _. _ _. _ 8 Total income loss .Combine lines 3 throw h 7 .._........._._,._ ....................._.........._.......__......._....._......_.... 8 9 Salaries and wages (other than to partners) (less employment credits) 9 - _ _ .. _. _. _ _ _ _ _. _. - rn 10 Guaranteed payments to partners 10 _._.. _ ._ . _ ' ° _ _. _ 11 Repairs and maintenance 11 • _ _ _ _ _ __. _ _ .. _ .. _. 12 Bad debts 12 ~ _ _ _ . _ _ _ _ __ _. _. __ _ •~ __. .. 13 Rent 13 __ _ __. _ _.. _ _ __ ._ ... 14 Taxes and licenses 14 . _ ._. _ _ _____ .._ . _.._..... _..__. _. _ _ _.__.. ._ . ~ .................__.._.__................_. . .. .. 15 Interest 15 o .. . . __...._.._......_...._......._..._._...._..._......._ ~ attach Form 4562) . 16 a Depreciation {if required 16a ~ ~ _ , _.. b Less depreciation reported on Schedule A and elsewhere on return 16b 16c N •~ _ .. _ _ _ -. ) 17 Depletion (Do not deduct oil and gas depletion 17 H . _ - etc 18 Retirement plans 18 , . __. _ __ _ __ .. _ _._ __ __ . _ .. 19 Employee benefit programs 19 ~ _ _ _ _ _. _ _ _ 0 . ~ ~ 20 Other deductions (attach schedule) 20 ~o _ _ . _ . _ _ _ _ _ _ __ _ __ _ ____...._ __ _ __ m O 21 Total deductions. Add the amounts shown in the far rj ht column for lines 9 throw h 20 ....................................... 21 ~2 ordinary business income (lossl. Subtract line 21 fromline 8 ..._ ............ ........_...................._........._................ 22 0 Under penalties of perjury, 1 declare that I have exa i eturn, including accompanying schetlules and statements, and to the best of my knowledge and belief, it is Vue, correct, and complete. Declaration of preparer (o an I partner or limited liability company member) is based on all information of which preparer has any knowledge. Sign / ~ May the IRS discuss this return Here U ' with the preparer shown below Signature of general partner a li any member Date (see instr.)? YeS ~ NO Date Preparer's SSN or PTIN paid Preparer's signature o 3 c 0 4 O V Check if self-employed -® p 0 0 4 4 8 2 0 7 Preparer's Firm's name (or CRYS RACKETY E'" 2 5 -17 3 5 3 0 0 Use Onl y youra if self- 110 B NER STREET employed), Phone no, 717.7 3 7 .7 2 31 atldress, and ZIP Code HARRISBURG PA 17110 5„00, dt~lA For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. Form 1065 (2005) tz-2s-os ~;°` - d '~ is ...;;~;~ ~-; Ci00dS SOId (see the instructions) 1 Inventory at beginning of year 2 Purchases less cost of items withdrawn for personal use _ _ ... _ _.. _ _ _. _ _ _ .. 3 Cost of labor _ _ 4 Additional section 263A costs (attach schedule) _. _ _ _. .. . 5 Other costs {atfach schedule) _ _,., _. 6 Total. Add lines 1 through 5 _ _ ._ .. _ _ _._ . _.. _ __ ._ __ ._. 7 Inventory at end of year _ _, _. ,..__.. 8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 9 a Check all methods used for valuing closing inventory: (i) ~ Cost as described in Regulations section 1.471-3 (ii) ~ Lower of cost or market as described in Regulations section 1.471-4 (iii) ~ Other (specify method used and attach explanation) - b Check this box if there was a writedown of "subnormal" goods as described in Regulations section 1.471-2(cj _ _. _ . _ _ .. .. - c Check this box if the LIFO inventory method was adopted this tax year for any goods {if checked, attach Form 970) - 0 d Do the rules of section 263A (for property produced or acquired for resale) apply to the partnership? _ ~ Yes ~ No e Was there any change in determining quantities, cost, or valuations between opening and closing inventory? _ _ _ _ _. _ _ _ _ _ _ ~ Yes C~ NO Information 1 What type of entity is filing this return? Check the applicable box: a 0 Domestic general partnership b ®Domestic limited partnership c ~ Domestic limited liability company d ~ Domestic limited liability partnership e [~ Foreign partnership f 0 Other- 2 Are any partners in this partnership also partnerships? _ _. . _. _ _,. _... . _. _... 3 During the partnership's tax year, did the partnership own any interest in another partnership or in any foreign entity that was disregarded as an entity separate from its owner under Regulations sections 301.7701-2 and 301.7701-3? If yes, see instructions for required attachment _ _ , . _ _ _ _ . 4 Did the partnership file Form 8893, Election of Partnership Level Tax Treatment, or an election statement under section 6231(a)(1)(B)(ii) for partnership-level tax treatment, that is in effect for this tax year? See form 8893 for more details . 5 Does this partnership meet all three of the following requirements? 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 $600,000; and 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. 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 N on Schedule K-1 6 Does this partnership have any foreign partners? If "Yes;'the partnership may have to file Forms 8804, 8805 and 8813. See the instructions 7 Is this partnership a publicly traded partnership as defined in section 469(k)(2)? _ „_ _ _ _ . _ _ _ _ _ _ _ _ _ _ _ . _ 8 Has this partnership filed, or is it required to file, a return under section 6111 to provide information on any reportable transaction? 9 At any time during calendar year 2005, 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 the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes;' enter the name of the foreign country. - 10 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. See the instructions 11 Was there a distribution of property or a transfer (for example, by sale or death) of a partnership interest during the tax year? If "Yes," you may elect to adjust the basis of the partnership's assets under section 754 by attaching the statement described under Elections Made By the Partnership in the instructions ...._._.........._......... _._....._ ................._................._................_.._.... 1~ Fnter the numher of Fnrms AAR5 Return of ll_S. Persons With Resoect to Certain Foreian Partnerships. attached to this return - _ _ ___ Designation of Tax Matters Partner (see the instructions) Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return: X Name of Identifying designated TMP - JANET RI TTNER YOUNG number of TMP - 181- 3 8 - 8 719 Address of - 4 7 7 5 AUGUSTA DR designated TMP MECHANI SBURG PA 17 0 5 0 JWA Form '1065 (2005) snoir 72-29-05 Form 1065 2005 W F PARTNERSHIP 2 3- 2 9 0 4 2 7 7 Pa e 3 Crheri~~le /( Partners' Distributive Share Items Total amount 1 Ordinary business income (loss) (page 1, line 22) . .. _ . 1 ~ . 2 _, __. ........ Net rental real estate income (loss) (attach Form 8825) .......................SEE.. _ _ _.._ _ .......... .S.TATEMENT....1.......... 2 81 , 2 7 9 . 3a Other gross rental income (loss) _ _ _. _, 3a b Expenses from other rental activities (attach statement) _. . _„_ 36 c Other net rental income (loss). Subtract line 3b from fine 3a 3c 4 Guaranteed payments 4 H 5 _ _ _ SEE Interest income - .. 2_. ._ STATEMENT 5 12. m 6 . _ _ .___..._._ ..............___. . Dividends: a Ordinary dividends . _ .. ......_................_............ 6a ~ 0 . ..____...... .. . b Qualified dividends _ _ .... _ _ .. _ 6b c 7 Royalties _ . _ _._. 7 __ _.__. _ _._.. _.. _ . 8 Net short-term capital gain (loss) (attach Schedule D (Form 1065)) _ 8 .. .. _... _. _ . _ _ 9a Net long-term capital gain (loss) (attach Schedule D (Form 1065)) ........._......._ .........._ ..............__......._ 9a b Collectibles (28%) gain (loss) 9D c Unrecaptured section 1250 gain (attach statement) _ _ _ __._ 9c 10 Net section 1231 gain (loss} (attach Form 4797) _ 10 _ . .._. _ _. _ _ _. 11 Other income loss see instructions T e 11 12 Section 179 deduction (attach Form 4562) _ 12 -- m __. _. _ .... _ _ __ . __ __ _. __. . _ = 13a Contributions a c _ _ _ _._ _..._. .... _ b Investment interest expense 13b m c _ _ ... _ _ Section 59(e}(2) expenditures: (1) Type - _ _ _ , _. _ _. _ (2) Amount- 13c 2 _ ~ d Other deductions see instructions T e 13d o 14a Net earnings(loss)fromself-employment 14a ~. ,~ ,.. N £ E h _ ,___._ . .... .... ....__ _... .._. _ Gross farming or fishing income ._ _ ._._ __. _.._ _ 14b _ _ _ _. _. _ _ _ _ _ w c Gross nonfarm income ..............._.._........._................_.._........................ ............__........................... 14c 15a Low-income housing credit (section42(j)(5)) _ 15a _ ._._ .. ._. _ _ _ ~ b Low-income housing credit (other) . _ _.. _ _ _ 15b ,u ~'~ ~ c _ , .. _ _ Qualified rehabilitation expenditures (rental real estate) (attach Form 3468) _ _ . 15c tj ~ d _ _ _. Other rental real estate credits (see instructions) Type - _ _.. _ __ _ _. 15d U m ~ e Other rental credits (see instructions) Type - 15e f Other credits and credit reca ture see instructions T e 15f t6a Name of country or U.S. possession - b Grossincomefromallsources . __.. i6b __ __ _._ _ . _._.._ __ ____ _ . c Gross income sourced at partner level i6c ,. .. _ _,. _ _ ~ Foreign gross income sourced at partnership level 0 ' d Passive - e Listed categories (attach stmt.) - f General limitation - 16f ~ ~ Deductions allocated and apportioned at partner level c ~ g Interest expense - h Other - i6h r ~ _.. _ _ _ Deductions allocated and apportioned at partnership level to foreign source income _ _ _ _ _ _ _ _ _ . rn 'd f Passive - j Listed categories (attach stmt.) - k General limitation - 16k i I Total foreign taxes (check one): - Paid [] Accrued 0 __._._. - . - .- 161 t _ , _, __.__ , __ _ .__, ,, . . m Reduction in taxes available for credit (attach statement) , ._._... _.._ _... _..... 16m n Otherforei ntaxinformation attach statement _ _......_.... _ ..... ...................................._... 17a Post-1986 depreciation adjustment _ ____ ... 17a <10 607.: xy ~rl= b _ __ _. ____ .. _ Adjusted gain or loss _. __ _ _ _ _ _. _.. 17b __ ~~ c __ _ _ _ .. ___. _ _ _ Depletion (other than oil and gas) _. . _ _.. _ _ 17c r~~ d and geothermal properties-grossincome gas Oil _ __. _ .._._. 17d ._,_-_ ...-,_ , , , . , Qua a Oil, gas, and geothermal properties -deductions _ _. 17e _ f OtherAMTitems attach statement ......_......._ ............._...._...._............ .._..__......................_...._.. 17f 18a Tax-exempt interest income 18a _ ~ b Othertax-exempt income _ . 18b o _ _ _ .._..._... _ .._ . _ .. __._. _, _.... ... m c Nondeductible expenses _ _ . _ _. 18c E ` 19a _ _ __ . _ __ _ ._ _ Distributions of cash and marketable securities __. _ _. 19a 5 6 0 0 0 . 0 b _. _ Distributions of other property . _. . _ _. _ .. _ _ 19b m 20a Investment income . _ _ _ _ _ _ .. __...._._. __ 20a 12 . r p b .... . ___ _ _ __ __._._ _.. __ .. ._. _ __._. Investment expenses . ._ _ ._ 20b ___ . _ . _ _.__.._..,_. _... _. _ __ .._ __ ..____ . _ _ _ . . c Other items and amounts (attach statement} _.._.._..,,.__........_........_.. _....._............_..__.........-_.. JWA Form 1065 (2005} 511021 12-29-OS Form 1065!2005) W F PARTNERSHIP 23-2904277 Pape4 Anal sis of Net Income Loss oo 1 Net income (loss). Combine Schedule K lines 1 throw h 11. From the result subtract the sum of Schedule K lines 12 throw h 13d and 161 ~ - ~ ~ . ~ ~ - - ~ . - 1 0 1 2 91 . 2 Analysis by partner type: a General partners b Limited artners (i) Corporate (ii) Individual (active) (iii) Individual (passive) (iv) Partnership (v) Exempt organization (vi) Nominee/Other 3 251. 78 040. Note; Schedules L M-1 and M-2 are not required if Question 5 of Schedule B is answered'1'es" L I Balance Asseks 1 Cash lu /vy. o ~o~. __ .. ._ . . _._ ...__.. ___ _. 2a Trade notes and accounts receivable b Less allowance for bad debts .. 3 Inventories _ _ . _ _ _ _. _ _ government obligations S 4 U , . 5 Tax-exempt securities _ _ . _ _ _ _ _ _.. 6 Other current assets (attach statement) ., 7 Mortgage and real estate loans _ 8 Other investments (attach statement) 9a Buildings and other depreciable assets 6 9 4 9 0 6. 8 4 9 9 4 4. b Lessaccumulateddepreciation 347 939. 346 967. 373 544. 476 400. __._ _ _ 10a Depletable assets _ _ _ _ b Less accumulated depletion t i Land (net of any amortization) 131 8 2 4 . 131 8 2 4 . _ _ _ 12a Intangible assets (amortizable only) 13 913. 13 913 . b Less accumulated amortization 2 499. 11 414. 2 499. 11 414. _„_.. __.. 13 Other assets (attach statement) _ . _ t4 Total assets 5 0 0 9 7 4. 6 2 8 2 2 3. _ ___ __ Liabilities and Capital 15 Accounts payable _ . ...................... bonds payable infessthan 1 year notes i6 Mortgages 2 5 5 5 4 , , 17 Other current liabilities (attach statement) . 16 All nonrecourse loans .......................... bonds payable in 1 year or more notes 19 Mortgages 71 4 3 3 . 19 8 9 4 5 . , , 20 Other liabilities (attach statement) 21 Partners' capital accounts 4 0 3 9 8 7. 4 2 9 2 7 8. _.____ ................... 22 Tatal liabilities and ca ital .. 5 0 0 9 7 4. 6 2 8 2 2 3. Schedule M-1 Reconciliation of Income Loss er Books With Income Loss er Return 1 Net income (loss) per books _ 81 2 91. 6 Income recorded on books this yyear not included _. _ 2 Income included on Schedule K, lines 1, 2, 3c, 5, 6a, 7, 8, 9a, 10, and 11, not recorded on books this year (itemize): on Schedule K, lines 1 through 11 (itemize): aTax-exempt interest $ 3 Guaranteed payments (other than health insurance) _ _ _ . _ _ _ _ _ _ 7 Deductions included on Schedule K, lines 1 through 13d, and 161, not charged against _ _ _ _ 4 Expenses recorded on books this year not included on Schedule K, lines 1 through 13d, and 161(itemize): book income this year (itemize): a Depreciation $ a Depreciation $ b Travel and entertainment $ 8 Add lines 6 and 7 .. 9 Income (loss) (Analysis of Net Income (Loss), 5 Add lines 1 throw h a __...._......._.........._ .... 81 2 91 . line 1 . Subtract line 8 from line 5 ._......_ ...... 81 2 91. Schedule M-2 Anal sis of Partners' Ca ital Accounts 1 Balance at beginning of year 40 3 9 8 7 . 6 Distributions: a Cash _ _ . _ _. 5 6 0 0 0 . _ _ _ , _ _ 2 Capital contributed: a Cash _ . _ _ b Property _.. _ _ _. b Property _ _, .. __ _. .. 7 Other decreases (itemize): _ 3 Net income (loss) per books 81 2 91. _ _ _. _ _ _ _ _ 4 Other increases (itemize): _ 8 Add lines 6 and 7 _. __ __.. Q Balance at entl of year. Subtract line 8 from line 5 s1,oa1 JWA Form 1065 (2005) 12-29-OS 8825 Rentaf Real Estate Income and Expenses of a OMB No. '1545-1186 Form Department of the Treasury Internal Revenue Service partnership or an S Corporation - See instructions on page 2. - Attach to Form 1065, Form 1065-B, or Form 1120S. 2005 Name W F PARTNERSHIP Employer identification number 23:2904277 1 Shaw the kind and location of each property. See page 2 to list additional properties A RENTAL REAL ESTATE B C D Prop erties Rental Real Estate Income A B C D 2 Gross rents _ _ _ _ _ _ _ 2 115 5 81 . Rental Real Estate Expenses 3 Advertising _. _ _ _ _ _ _ _ 3 4 Auto and travel ........................ 4 5 Cleaning and maintenance 5 6 Commissions 6 7 Insurance __ _ ___ 7 585. 8 Legal and other professional fees . _ 8 6 21. 9 Interest ___..-_ _._ _ -.. 9 7 427. 10 Repairs ____ _______ . _ 10 11 Taxes 11 12 Utilities ................................... 12 13 Wages and salaries _ _ _ _ _ 13 14 Depreciation (see instructions) 14 2 5 6 0 5. 15 Other (list) - STMT 3 6 4 . 15 16 Total expenses for each property. Add lines 3 through 15 ............. 16 3 4 3 0 2. 17 Total gross rents. Add gross rents from line 2, columns A through H 17 115 5 81. 18 Total expenses. Add total expenses from line 16, columns A through H 18 3 4 3 0 2 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 17 through 20a. Enter the result here and on: • Form 1065 or 1120S: Schedule K, line 2, or _ _ . _ _ _ 1 1 2 7 9 . • Form 1065-B: Part I, line 4 ii-os os JWA For Paperwork Reduction Act Notice, see page 2 of form. Form 8825 (2005) W F PARTNERSHIP 23-2904277 Fam 8825 (2005) Page 2 1 Show the kind and location o_f each property. E Rental Real Estate Income E rro F erties G H 2 Gross rents 2 Rental Real Estate Expenses 3 Advertising _ _ _ . _ _ _ 3 4 Auto and travel 4 5 Cleaning and maintenance ............... 5 6 Commissions g 7 Insurance _ _ _. _ _ _ _ _ _ 7 8 Legal and other professional fees _ 8 9 Interest _ _ _ _ g 10 Repairs _____. ____ _._ _ 10 11 Taxes _ _ ............... i1 12 Utilities 12 13 Wages and salaries 13 14 Depreciation (see instructions) 14 15 Other (list) - 15 16 Total expenses for each property. Add lines 3 throw h 15 ................ 16 JWA Form 8825 (2005) 520142 11-09-OS 0 pp N O O O ~ ^ G N ~ ~ O ~ ~ ~ r^~ o Idy ~ r ~ ~ ~6 O O ~ ~ ~ N ~ O N N ~ ~ Ity N O G3 0 o -°- N N p , ie o °' ;C `L ~ • ~ CC O ~ i6 ~' .di ~ U N r Cry ~, c~ O 40 Lf1 C"+ ~ N tT r ^ N ~ 0 cn ° ~ ^ icy `O N v cn . it1 '°"~ ~l1 to ~ r r+ N v c-~ O ri lry tI1 ~ - N N N O ~ d~ N O M ^ ~ N c~ o t9 O~ N ~ ~N tr1 ~ -1 ~ ~ d~ C' O N ~ ~ ~ ~ ~ ~ N ~ ~ Y ap d~ O ~ t!1 ~ - ~ ~ a rl ' cry M '~ Lf1 ^ N ~ 4 p O r ~ c-1 d.7 ~ ill~~ to U1 o r rn - .--i r-i N t ~ O O GO t„, O c'1 t,fy O N 6' d+ ~ O ~ tr'1 M W ^ M cdy Lc1 ~ r c ~' r N ~ .dt ~~ ~ ~ O o ~ d+ d+ try ~ ~ ~ ~ ^ ~D N O ~ tYJ ~ N m~ ~ r 0 c oN ,•~ ro ~ M ~ Oti •~ d'~ ~ t0 r `~ N ~ d~ ~ ~ it1 ~ ^ o o ~ cr1 c'ry i11 N ~ w O r' ~ ~ CA ~ ~ ~ ~ a m ~ O r Qy e-t r~ N Ts ~ N ~ O ~ N ~ - cry ~ O N N O ~ Cry c''i W ~D ~ ~ N N ~ - ,~ rl ~ e-1 ~ r `dn ~ di r ,~ cry 01 O~ ~ a o 00 e-1 L,.,, r ~ ~ ~ v r r-r ~^"'~ O rn ~ ~ ~ ~ ~ Q ~ O ~ Q ~ ~ e--~ o ~, ~sy ~., i.cy ~.,{ c^ A O a o ~ in ~ ~ A O ~ fi'r'-i cn c"~ A A Ap o o ''~ ~ ~ m Q p tty ~ c~-~ CS+ `~ ~ `O ~ a tty ~ c-~ ~ M ~ q'+~c-~ I.C1 Y a a ~ r °D O ° ~ ``~ cry ° °--' d' ~ G~ ~ 00 O O O .-~ O e-~ t-- e-i ~ ~ 0.--^~' o~ o ~ o ~ ~ N o N H ~., z ~ a s W W H ~ ~ H ~ U ~H ~ E+ ~ ~ ~ pG W pa ~ H ~ rn ~' A H P+ ~ ~ H ~ H A ~' H o ~' ~' a 0 ~ ~ "~ ~ H H H 'H ~ A A C7 W r7 rn o W c.9 2 W ~ ~ ~ d A W WP+ 2 ~ ~ p ~ Al,.~•--'-"_ aW 2 H A h _ H~~ W ~ ~-+ O W a A A ~ '~ ~ H H ~sy H r-1 ~ `~ V a H Q W a~ $ ~ N 0 oa No O ~ ~ G7 ~ It1 O ~ c ~° ~v O d ~ N ~ y Q ~ • q O 67 ~~ v v u, „~ tI1 M ~ N ~ ~ ~ ao ~ M 1 . ~ ~ N ~ ya ¢ t+1 ~ C" ~ 4D ~ ~ o ~ ~ ~ ~ Itl u°-.v ~ Cr'1 N ~ Cr1 ~ o ° oN ~m d d c J ~ W m ~~~ m =o =a c ~' ~ U c~ JZ 67 J 0 L m s 0 W O -= W G t- o ~ E+ fl. a~ a cHn o zW a 4 ~ _W a~ a W ~ OW c~ P'" N M ` Cf1 c3 + N ~ 11l a0 ~ O ca ~,,,~ tt1 c-1 tS ~ ~ O Y ~ O m ~~ ~ 6 O ~ d aZ ~ ir1 ~ O ~ to ~" N ~ M ~ ~ o0 ~ ~ ~ ~ N ' N ~..... i ^~ d"+ O ,cN ~ ~ r w ~ O O ~ ~Il d~ N `'~ ~ N ~ ~'~` a O O O H A ~ ~ W ~ ~,` T.13 W r 7 A ~ ~ W H ~ a ~ cn ~ d p C7 cn a u' ~, a ~' h ~+ ° ~ A ~ H ~ oh H ~ ~ .~r ~ A w x a -~ ~- ~ frl ¢ O ~ ~ r .c ~ O ~ LC1 d~ ~ N ~ ~ ~ N _ H H Ply a; ~+ W W ~J "'~'~` "' ~ H ~ Ltd OH H L!1 Ot ~ ~ ~.~ ~ ~ H A C +Z~ii W H W W W c 0 N O 0 v C] c 0 N A U N E U c m m 7 iG N 0 N U ~- '4 N a N 'C3 N Q G~ 0 00 ~o 1 W F PARTNERSHIP 23-2904277 SCHEDULE K NET INCOME (LOSS) FROM RENTAL REAL ESTATE STATEMENT 1 DESCRIPTION AMOUNT RENTAL REAL ESTATE 81,279. TOTAL TO SCHEDULE K, LINE 2 81,279• SCHEDULE K INTEREST INCOME STATEMENT 2 DESCRIPTION U.S. BONDS OTHER BANK INTEREST 12. TOTAL TO SCHEDULE K, LINE 5 12. OTHER RENTAL EXPENSES STATEMENT 3 PROPERTY: RENTAL REAL ESTATE DESCRIPTION OFFICE SUPPLIES TOTAL TO RENTAL SCHEDULE, LINE 15 AMOUNT 64. 64. STATEMENT(S) 1, 2, 3 H O a W Q z 0 a U W a W 0 a z O O O d1 O O O • O lp d~ lp 01 l~ n o ~~ a~ ~ ~ =- 0 0 q ri r-i v v L[7cN[~NNt11O0100 N o ~oo~,-i~~n~n~rn .-i r - Ili r-1 c--I N c-~ 00 e-i [~ c-~ N O ¢m O NOrI lfl N e-I M O o c-i V . . tf)d+InION 1170000 l17 o c^I d+ 01 !~ L~ I17 lt7 Ol O ~ ~ Lf7 N e-i N ~-I 00 c-1 c-1 l0 ~.~ ~ ~ O N e-i l! 1 ~ ~ N N Q O C!~ N 00 M 0 0 0 00 O ~ M L17 d~ Lf') Lf7 117 Cn M N ~ O L~ d1 OD Lf) eM L~ Ch ~ ~ q ~ r-i '-i r-1 e-1 Ch r-I l0 M v CO O r-1 N 0 0 0 L~ O d e O' ~ d~ l O ciMO00L OMt~r-I N m N ~--I M lG N O 00 In [~ L~^ F- . . ~ C ~ lC '~ M d+ e-i O M I.C) lLt Lf) ti ri Ol t-i 00 c-i ~ L~ ~j N N l0 0 0 0 0 0 0 0 0 0 ~~ 111 0 0 0 0 0 0 0 0 J `Z c'1 O O O LC) l.fl d> LC) Cn MNNN.-ir-IMc-1M r°o AAAAA A ~Y 00000 0 ¢~ ~nu7~n~n~na~a ~~~~~~~~ C~ l~ 00 rl M Cn ~ 0001d101OO0 Q> p o- O c-i c--I D O O M O C~ ri Ol l0 01 00 N Ln Or-IOO0Oe-1 O w ~ H H ~x z 2 a ~ o cn w a ~ H M W JZiHrT, W U2 o aW~H~H fx A a W 04 to - o iA ~ H c~~aa- 1-iZ7o zA~~~ ~H°O o ~ ~ ~ A A OAL7 A A~ ~ P 4 z z Z ~ ARC~~HHW~Q O 11llOL~M C~ci00 ri ~--I e-i aZ ~o o~ ~o ono b51105 Schedule K-1 ~nn~ [~ Final K-1 _ 0 Amended K-1 OMB No. 1545-0099 (corm t unb) For calendar year 2005, a tax ~'""v Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions Credits and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 10rdinary business income (loss) p , 15 Credits & credit recapture Credits, etc. 2 Net rental real estate income (loss) See se ante instructions. 813. is Foreign transactions Part I Information About the Partn rshi 3 other net rental income (loss) p e A Partnership's employer identification number 4 Guaranteed payments 23-2904277 B Partnership's name, address, city, state, and ZIP code 5lnterest income W F PARTNERSHIP 6a0rdinarydividends 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17043 6b0ualified dividends <106. C IRS Center where partnership filed return CINCINNATI OH 7 Royalties D 0 Check if this is a publicly traded partnership (PTP) 18 Tax-exempt income and E ~ Tax shelter registration number, if any F 0 Check if Form 8271 is attached 8 Net short-term capital gain (loss) nondeductible expenses 9a Net long-term capital gain (loss) Part Il Information About the P rt a ner 9b Collectibles (28%) gain (loss) 19 Distributions G Partner's identifying number 5 6 O . 2 0 7- 0 7- 9 0 0 8 9c Unrecaptured sec 1250 gain H Partner's name, address, city, state, and ZIP code 20 Other information 10 Net section 1231 gain (loss) WILLIAM F. RITTNER 2 8 2 LOWTHER ST # 10 4 110ther income (loss) _ LEMOYNE PA 17043 1 ®General partner or LLC ~ Limited partner or other LLC member-manager member J ®Domestic partner [] Foreign partner 12Section 179 deduction K What type of entity is this partner? INDIVIDUAL 130ther deductions L Partner's share of profit, loss, and capital: Beginning Ending Profit 1.0000000°i° 1.0000000% Loss 1. 0 0 0 0 0 0 0% 1. 0 0 0 0 0 0 0% 14Self-employment earnings (loss) ca ital 1.0000000% 1.0000000% 0, M Partner's share of liabilities at year end: Nonrecourse .. $ __. 'See attached statement for additional information. Qualified nonrecourse financing $ Recourse _ __ $ 49 , 736 . __ _. N Partner's capital account analysis: Beginning capital account _ _ _ $ 6 , 516 , Capital contributed during the year $ Current year increase (decrease) _.___ .. $ 813. Withdrawals & distributions $( 5 6 0 a i Ending capital account _ _ $ 6 , 7 6 9 , ®Tax basis ~] GAAP ~ Section 704(b) book 0 Other ex lain T c O ~ o `L JWA For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2005 511261 01-11-06 W F PARTNERSHIP 23-2904277 SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION AMOUNT TOTALS RENTAL REAL ESTATE INCOME (LOSS) TOTAL TO SCHEDULE K-1, ITEM N PARTNER NUMBER 1 651105 nnne n Final k-i n Amanrieri K-1 OMB No 1545-(1099 Form 1os5 L V V V ( ~ Fa calendar year 2005, a tax Department of the Treasury year beginning part III Partner's Share of Current Year Income, Deductions Credits and Other Items Internal Revenue Service ending Deductions, Partner's Share of Income 10rd+nary business income (loss) 0 . 15 Credits & credit recapture , Credits etC 2 Net rental real estate income (loss) , . See se crate instructions. 1 6 2 5 . 16 Foreign transactions 30ther net rental income (loss) Part I Information About the Partnership 's employer identification number A Partnershi 4 Guaranteed payments p 23-2904277 -.- and ZIP code state address city 's name B Partnershi 5lnterest income , , , , p W F PARTNERSHIP 6a0rdinarydividends 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17043 Bb Qualified dividends <212. C IRS Center where partnership filed return CINCINNATI OH 7 Royalties D 0 Check if this is a publicly traded partnership (PTP) 18 Tax-exempt income and E [~ Tax shelter registration number, if any F [~ Check if Form 8271 is attached 8 Net short-term capital gain (loss) nondeductible expenses 9a Net long-term capital gain (loss) Part II Information About the Partner 9b Collectibles (28%) gain {loss) 19 Distributions G Partner's identifying number 1 120 181- 3 8 - 8 719 9c Unrecaptured sec 1250 gain and ZIP code state city address H Partner's name 20 Other information , , , , 10 Net section 1231 gain (loss) JANET RITTNER YOUNG 4775 AUGUSTA DR 110therincome(loss) _, MECHANISBURG PA 17050 ®General partner or LLC 0 Limited partner or other LLC member-manager member J ®Domestic partner ~ foreign partner 12 Section 179 deduction K What type of entity is this partner? INDIVIDUAL 130ther deductions and capital: loss L Partner's share of profit , , Beginning Ending Profit 2.0000000% /~ 2.0000000% 0°/° 0 Loss 2.0 0 0 0 0 2.0 0 0 0 0 0 0% 14Self-employment earnings (loss) / ~ ca Ital 2.0000000°r° 2.0000000% 0 M Partner's share of liabilities at year end: Nonrecourse $ 'See attached statement for additional information. _ _ _ _ _ _ _ _. _ _ _ _ _ _ _ _ Oualified nonrecourse financing _ _ _ $ Recourse _ __ _ __ _ _ _. _ $ 99 , 473 . N Partner's capital account analysis: Beginning capital account _ _ _ _ _ . _ $ 10 , 5 0 8 . Capital contributed during the year _ _ _ _. $ Current year increase (decrease) $ 1 , 6 2 5 . Withdrawals & distributions _ $( 1, 12 0 a Ending capital account _ _ _ $ 11, 013. ®Tax basis C] GAAP 0 Section 704(b) book n Other (exalainl _ -'' c ~ ~ ~ g " i JWA For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2005 sii2si 01-11-06 W F PARTNERSHIP 23-2904277 SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES} DESCRIPTION AMOUNT TOTALS RENTAL REAL ESTATE INCOME (LOSS) TOTAL TO SCHEDULE K-1, ITEM N PARTNER NUMBER 2 65111]5 ~AnC n Final K_1 n Amenrierl K-1 (1MR No_ 1545-0099 (Form f os5)' Fa calendar yeaz 2005, a tax L V V V Department of the Treasury year beginning part III Partner's Share of Current Year Income, DedUCtIOnS Credits and Other Items Internal Revenue Service ending Deductions, Partner's Share of Income i Ordinary business income (loss) 0 . 15 Credits & credit recapture , CredltS etC 2 Net rental real estate income (loss) . , See se crate instructions. 3 9 014. 16 Foreign transactions 30ther net rental income {lass) Part 1 Information About the Partnership 's employer identification number A Partnershi 4Guaranteed payments p 23-2904277 and ZIP code city state address 's name rtnershi B P 5lnterest income , , , p , a 6. _,_, W F PARTNERSHIP 8a0rdinarydividends 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17 0 4 3 6b Qualified dividends <5 0 9 2 . C IRS Center where partnership filed return CINCINNATI OH 7 Royalties D 0 Check if this is a publicly traded partnership (PTP) 18 Tax-exempt income and E 0 Tax shelter registration number, if any F ~ Check if Form 8271 is attached 8 Net short-term capital gain (loss) nondeductible expenses 9a Net long-term capital gain (loss) Part 11 Information About the Partner gbCollectibles (28°!°) gain (loss) 19 Distributions G Partner's identifying number 26 880 . 2 5- 6 5 7 4 1 6 5 9c Unrecaptured sec 1250 gain and ZIP code state address city H Partner's name 20 Other information , , , , 10 Net section 1231 gain (loss) 6 . WILLIAM RITTNER IRREVOCABLE TRUST 2 8 2 LOWTHER ST # 10 4 11 other income (loss) LEMOYNE PA 17043 I ~ General partner or LLC ®Limited partner or other LLC member-manager member J ®Domestic partner ~ Foreign partner 12Section 179 deduction K What type of entity is this partner? TRUST 130ther deductions and capital: loss L Partner's share of profit , , Beginning Ending Profit 48.0000000°i° 48.0000000% Loss 48.0000000% 48.0000000% 14Se11-employment earnings (loss) Ca ital 48.0000000°1° 48.0000000% M Partner's share of liabilities at year end: Nonrecourse $ "See attached statement for additional information. _ _ _ _ _ _. _ _ _ _ _ _. . _ _. Qualified nonrecourse financing _ _ _ _ _ . _ ., $ Recourse __ _ $ 0 . N Partner's capital account analysis: Beginning capital account _ _ _ _ _ _. _ _ $ 18 2 , 0 2 6 . Capital contributed during the year _ _ _ _ $ Current year increase (decrease) _ _ _ _ _ $ 3 9 , 0 2 0 . Withdrawals & distributions _ _ _ _ _ _ _ _ _. $( 2 6 , 8 8 0 a Ending capital account _ _ _ $ 19 4 , 16 6 . ®Tax basis ~ GAAP C] Section 704(b) book [~ Other (explain) -'' c ~ ~ ~ ~~ o " JWA For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2005 517261 01-11-06 W F PARTNERSHIP 23-2904277 SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION AMOUNT TOTALS RENTAL REAL ESTATE INCOME (LOSS) INTEREST INCOME TOTAL TO SCHEDULE K-1, ITEM N PARTNER NUMBER 3 4 65115 Schedule K-1 2005 ~ Final K-1 C] Amended K-1 OMB No. 1545-0099 (Form 1065) For calendaz year 2005, a tax inning ear be artment of the Treasury De Part 111 Partner's Share of Current Year Income, Deductions Credits and Other Items y g p Internal Revenue Service ending Deductions, Partner's Share of Income 10rdinary business income (loss) 0 15 Credits & credit recapture , Credits etC 2 Net rental real estate income (loss) . , See se ante instructions- 3 9 014. 16 Foreign transactions 30ther net rental income (loss) Part I Information About the Partnership loyer identification number 's em A Partnershi 4Guaranteed payments ___ p p 23-2904277 _ and ZIP code state address city 's name B Partnershi 5lnterest income , , , , p 6. W F PARTNERSHIP sa0rdinarydividends _. 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items r.F:Mr1VNF. P A 1 7 0 4 3 6b Qualified dividends <5 0 91 .> C IRS Center where partnership filed return D ~] Check if this is a publicly traded partnership (PTP) E 0 Tax shelter registration number, if any F ~ Check if form 8271 is attached 7 Royalties 18 Tax-exempt income and 8 Net short-term capital gain (loss) nondeductible expenses 9a Net long-term capital gain (loss) Part II Information About the Partner 9b Collectibles {28°!°) gain (loss) 19 Distributions G Partner's identifying number ~ 2 5- 6 5 7 5 5 0 3 9c Unrecapturetl sec 1250 gain H Partner's name, address, city, state, and ZIP code 20 Other information 1D Net section 1231 gain (loss) FRANCES RITTNER IRREVOCABLE TRUST 2 8 2 LOWTHER ST # 10 4 11 other income (loss) I ~ General partner or LLC ~ Limited partner or other LLC member-manager member J ®Domestic partner ~ Foreign partner K What type of entity is this partner? TRUST 12Section 179 deduction and capital: loss L Partner's share of profit 130ther deductions , , Beginning Ending Profit 48.0000000% 48.0000000% Loss 4 8. 0 0 0 0 0 0 0% 4$. 0 0 0 0 0 0 0% 14Self-employment earnings (loss) Ca ital 4$ .0000000% 48.0000000% M Partner's share of liabilities at year end: $ Nonrecourse `See attached statement for add _ _. _... _ _. oualified nonrecourse financing _ $ Recourse __ _ ____ __. _ _ $ 0. N Partner's capital account analysis: _ _ _ _ Beginning capital account _ _ _ _ $ 19 8 , 419. ~ _ _ _ Capital contributed during the year _ _ _ _ $ ~ Current year increase (decrease) _ _ _ . _. $ 3 9 , 0 2 0 . ~ Withdrawals & distributions _ _ _ _ _ _ _ _ _ _. $( 2 6 , 8 $ 0 a o Ending capital account _ _ _ _ _ $ 210 , 5 5 9 . " ®Tax basis I~ GAAP ~ Section 704(b) book JWA For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2005 snzsl 01-11-06 4 W F PARTNERSHIP 23-2904277 SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION AMOUNT TOTALS RENTAL REAL ESTATE INCOME (LOSS) INTEREST INCOME TOTAL TO SCHEDULE K-1, ITEM N PARTNER NUMBER 4 65115 ...~_ ~ . ~nn~ n Finai K-1 n Amended K-1 OMB No. 1545-0099 (Form 1065)' Fq calendar year 2005, a tax ~ V V V ear beginning artment of the Treasury De part 111 Partner's Share Of Current Year Income, Deductions Credits and Other Items y p Internal Revenue Service ending Deductions, Partner's Share of Income 10rdinary business income (loss) 0 15 Credits & credit recapture , etC Credits 2 Net rental real estate income (loss) . , See se ante instructions. 813. 16 Foreign transactions 30ther net rental income (loss) Part 1 Information About the Partnership 's employer identification number A Partnershi 4 Guaranteed payments _._ p 23-2904277 and ZIP code state city address 's name rtnershi B P 5lnterest income , , , , p a W F PARTNERSHIP 6a0rdinarydividends 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17 0 4 3 6b Qualified dividends <10 6 . C IRS Center where partnership tiled return CINCINNATI OH 7 Royalties D 0 Check if this is a publicly traded partnership (PTP) 18 Tax-exempt income and E ~ Tax shelter registration number, if any F ~ Check if Form 8271 is attached 6 Net short-term capital gain (loss) nondeductible expenses 9a Net long-term capital gain (loss) Part II Information About the Partner gb Collectibles {28°1°) gain (loss) 1s Distributions G Partner's identifying number 560 . 1 9 5- 0 7- 5 8 7 9 9c Unrecaptured sec 1250 gain and ZIP code city state address H Partner's name 20 Other information , , , , 10 Net section 1231 gain (loss) FRANCES M. RITTNER 2 8 2 LOWTHER ST # 10 4 110ther income (loss) LEMOYNE PA 17043 I ®General partner or LLC 0 Limited partner or other LLC member-manager member __ J ®Domestic partner ~ foreign partner 12 Section 179 deduction K What type of entity is this partner? INDIVIDUAL 130ther deductions and capital: loss L Partner's share of profit , , Beginning Ending Profit 1.0000000°~° 1.0000000% Lass 5. 0 0 0 0 0 0 0°/° 1.0 0 0 0 0 0 0 °f° 14Self-employment earnings (loss) Ca ital 1.0000000% 1.0000000% 0. M Partner's share of liabilities at year end: Nonrecourse $ 'See attached statement for additional information. _ _ _ _ _ _ _ _ _ . _ _ _. _ _ Qualified nonrecourse financing _ _ _ _ _ $ Recourse __ _ $ 49 , 736 . N Partner's capital account analysis: Beginning capital account _. _ $ 6 , 518. Capital contributed during the year _ _ _ _ $ Current year increase (decrease) _ _ _ _ _ _ $ 813. Withdrawals & distributions _ _ _ _ _ _ _ _ _ _ _ $( 5 6 0 ~ Ending capital account _ _ _ . _ .. $ 6 , 7 71 . ®Tax basis ~ GAAP 0 Section 704(b) book Other (explain) -'' c ~ ~ ~ g i " JWA For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2005 511261 01-11-06 W F PARTNERSHIP 23-2904277 SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION AMOUNT TOTALS RENTAL REAL ESTATE INCOME (LOSS) TOTAL TO SCHEDULE K-1, ITEM N PARTNER NUMBER 5 2006 TAX RETURN FILING INSTRUCTIONS U.S. PARTNERSHIP RETURN FOR THE YEAR ENDING D.E.CE.M..B.E..R,...3.1.., ....2.0.0,6.,.. Prepared for W F PARTNERSHIP 282 LOWTHER ST #104 LEMOYNE, PA 17043 Prepared by CRYSTAL U HACKETT 110 BERGNER STREET HARRISBURG PA 17110 To be signed and dated b A GENERAL PARTNER Amount of tax NOT APPLICABLE Mail tax return to INTERNAL REVENUE SERVICE CENTER CINCINNATI, OH 45999-0011 Forms to be distributed ENCLOSED ARE COPIES OF SCHEDULE K-1. TO BE DISTRIBUTED TO THE to partners PARTNERS . Return must be mailed on APRIL 17 , 2007 or before Special Instructions sioiaz os-o ~-os 10 5 U.S. Return of Partnership Income BNo 1545-0099 OM 6 Form Department of the Treasury Fa calendar year 2006, a tax year beginning ,and ending A _1006 L Internal Revenue Service A Principal businase activity Nama of partnership D Employer identification number Use RENTAL the reb ~' PARTNERSHIP 2 3- 2 9 0 4 2 7 7 8 Principal produaor service el Other- Number, street, and room or suite no. Ii a P.O. box, see the instructions. E Date business started wise' rint 2 8 2 LOWTHER S T # 10 4 O 1 01 19 9 7 REAL ESTATE p or t City or town, state, and ZIP code F Total assets ~ Business code number ype. 531120 EM YNE PA 1704 $ 598 175. G Check applicable boxes: (1) (~ Initial return (2) U Final return (3) UI Name change (4) U Address change {5) U Amended return H Check accounting method: (1) ®Cash (2) 0 Accrual (3) ~ Other (specify) - I Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year - 5 Caution: Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information. 1 a Gross receipts or sales . . to ..... . _............_ ..................................... b Less returns and allowances ib tc line 8) ............ . . 2 Costofgoodssold (Schedule A 2 , . ............ .. . ... .........._ ........._......................._....__.._ .... .. m _ ......... Subtract line 2 from line 1c . 3 Gross profit E .. . _ ................_.. _....._............._..............__..........._ .. v estates, and trusts attach schedule .... ............. 4 Ordina income loss from other artnershi s . .. . ry ( ) P P ( ) c - , .... _ . ........_ ......... . ...... .. 5 Net farm profit (loss) (attach Schedule F (Form 10A0)) 5 . _..,.. .. _.. ... ._ ......................... ...... . ... line 17 (attach Form 4797) Part II 6 Net gain (loss) from Farm 4797 6 .. _. ,.... ,.., .......... .. , , ~ Other income (loss) (attach schedule) 7 ___,._ _..,,..,.., 8 Total income loss .Combine lines 3 throw h 7 ......................_......................._ ................._..............._. 8 .... ........... . ... g Salaries and wages (other than to partners) (less employment credits) 9 ^., ~ ... ... .. . 10 Guaranteed payments to partners .. 10 c _. ......... _....... _. 11 Repairs and maintenance .._.................. .. 11 ..... _..........._ .............................. ._... ......._ .. E 12 Bad debts 12 ` ... 13 Rent 13 0 _ ............_._...._. 14 Taxes and licenses 14 .._,._... ........._......................._..................................................................... 15 Interest .... ......... 15 ................... . . 16 a Depreciation (if required, attach Form 4562) . 16a ..,....... _ ...................... ...... b Less depreciation reported on Schedule A and elsewhere on return i6b 16c ~~ 17 Depletion Do not deduct oft and gas de letion. _......... .............. . . ( P ) 17 H -- ..... .... . ._ ...................................._...... 18 Retirement plans, etc . ... ................ . . .... . 1 N ~ . .. .. . . _ ............................._............._........._................ ..............._., 1g Employee benefit programs ._..._ ...._.... ... . . _... 1 o .... _. .. . _.._ ............................._._...._........... U 7 ~ 20 Other deductions (attach schedule) O 21 Total deductions. Add the amounts shown in the far ri ht column for lines 9 throw h 20 .._.._ ................ ............. 21 ......,.. 22 Ordinary business income (loss). Subtract line 21 from line 8 22 0 . .......................... _..._.......... _ .............. 23 Credit for federal tele hone excise tax aid attach Form 8913 _ ............. 2 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, coned, and complete. Declaration of preparer (other than general partner or limited liability company member) is based on all intimation of which preparer has any knowledge. Here ~ AXf~AY P ' May the IpRSP iscuss this return with the re arer shown below Signature of gener ner or limit labil' ompan ember manager Date (see instr.J? ®Yes ~ NO Preparer's Oate l Preparer's SSN a PTIN Paid signature O 3 17 0 7 ptoyed - [~ 5e r em p 0 0 4 4 8 2 0 7 Preparer's Firm's name (or CRYSTAL U HACKETT E'" 2 5 -17 3 5 3 0 0 y yours.fs>f- 110 BERGNER STREET 717.737.7231 Use Onl employed , Phone no. address, and z,P coos HARRISBURG PA 17110 shoot JWA For Privacy Act and Paperwork Reduction Act Notice, see separate instructions. Form 1065 (2006) tz-2a-os Form 1065 2006 W F PARTNERSHIP 2 3- 2 9 0 4 2 7 7 Pa e 3 Schedule K Partners' Distributive Share Items T,.._..__.._. 1 Ordinary business income (loss) (page 1, line 22) , 2 Net rental real estate income (loss) (attach Form 8825) S.EE. ..S.TAT.EMENT...1.......... 2 8 2 9 8 6 . 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 ;~ 4 Guaranteed payments ......................................................................... ......................................... 4 J 5 Interest income ......... _...._ ...................._.........................SEE. ,.STATEMENT.,.2„,_,_., 5 10. 6 Dividends: a Ordinary dividends .................... .................. .................... 6a ~ b Qualified dividends ......... . 6b ~ 7 .. .......................................... Royalties ..........._._ ....................._.......................................... .......................................,... 7 8 Net short-term capital gain (loss) (attach Schedule D (Form 1065)) ........... ... . _._ ._.........._..... 8 9a Net long-term capital gain (loss) (attach Schedule D (Form 1065)) .............._.. _......... 9a b Collectibles (28%) gain (loss) 9b c Unrecaptured section 1250 gain (attach statement) ............... . . 9c 10 Net section 1231 gain (loss) (attach Form 4797) 10 11 Other income loss see instructions T e 11 y 12 Section 179 deduction (attach Form 4562) . . _........._..__.. _ ......_ ............._. ..._..........................._...... 12 c 13a Contributions _........_......_ .._..._.... _ ................ _ ................... 13a ~ b Investment interest expense ................... ........................................... o c Section 59(e)(2) expenditures: (1) Type ~ (2) Amount- 13c 2 d Other deductions see instructions T e 13d ,~ a,. _ 14a Net earnings (loss) from self-employment ..._,._ 14a 0 . rj °~ °1 E E b Gross farming or fishing income ......................__...... ............... ................. 14b W c Gross nonfarm income .................. __ ..........................................._..... ......_............. ._... ........... 14c 15a Low-income housing credit (section 42(1)(5)) _.__ _., .,._,_._.____. ___ _ _ _ 15a w b Low-income housing credit (other) ............................. c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468) .......... .............. 15c ~j d Other rental real estate credits (see instructions) Type ~ 15d e Other rental credits (see instructions} Type - 15e f Other credits see instructions T e 15f 16a Name of country or U.S. possession - b Grossincomefromallsources ...............__..__.__ H c Gross income sourced at partner level _..,,,...._ 16c o Foreign gross income sourced at partnership level ~ d Passive ~ e Listed categories (attach stmt.) ~ f General limitation (- 16f Deductions allocated and apportioned at partner level I` g Interestexpense ~ h Other ._ ............. ...................... __........ ~ t6h rn . Deductions allocated and apportioned at partnership level to foreign source income ~ o I Passive ~ j Listed categories (attach stmt) ~ k General limitaticn ~ l6k r` I Total toreign taxes (check one): ~ Paid 0 Accrued 0 _......_ ..... ............._........................ 161 m Reduction in taxes available for credit (attach statement) ............_ ......._ ..... ......._......_... __ ................ 16m n Other forei n tax information attach statement ............................................ ........................................... y x 17a Post-1986 depreciation adjustment .............................................................. ........................... . 17a <10 065. ~ >~ E b Adjusted gain or loss .............__.............._................._............ ...._._......_...........__.......... 17b c ~~ c Depletion (other than oil and gas) ....... _......._ .................. ............... ..._............._................._. 17c m ~~ d Oil, gas, and geothermal properties -gross income ...................................... 17d Qua a Oil, gas, and geothermal properties -deductions ... ................... . _........_......._........... 17e f OtherAMTitems attach statement .. ........_ ........................._ ............. .. ...... __._...._ ....._.. .. 17f 18a Tax-exempt interest income .................................................................... 18a c ._ b Other tax-exempt income _........_... 18b E c Nondeductible expenses ............ ._......... _.._ . .........._._.. ._.... _.._.._...._..... .... 18c `0 , 19a Distributions of cash and marketable securities .. .... .... ....... ... „__..._,... .. 19a 52 500 . ~ ~ b Distributions of other property _. _ ., _ 19b r 20a Investment income _........_ ..................._......._............ .................................___ 2oa 10. O b Investment expenses _......_ ..............._.................... __................. 20b c Other items and amounts attach statement ........... ...... ..._._ , s,niozt Form 1065 (2006) 12-28-06 -orm 1065 (2006) W F PARTNERSHIP 2 3- 2 9 0 4 2 7 7 Page 4 Anal sis of Net Income Loss 1 Net income (loss). Com h f S h tl I K roes 12 throw h 13d and 161 1 8 2 9 9 6. 2 Analysis by partner type: a General partners b Limited artners ane Schedule K lines 1 thr ow h 11. From the result subt ract t o sum o c e u e i (i) Corporate (ii) Individual (active) (iii) Individual (passive) (iv) Partnership (v) Exempt organization (vi) Nominee/Other 3 320. b 79 676. Schedule L Balance Sheets per Books Raninninn of fw vc~r End of tax vear Assets h 8 585. 9 792 1 Cas _...... ade notes and accounts receivable T 2 ,...__. r a b Less allowance for bad debts ........... .... i t I es ......... .................. _.. _ _. or nven 3 bli ations t U S g . governmen o . 4 ities t T .......... . ............ secur ax-exemp 5 sets (attach statement) nt Oth ..,.., er curre as 6 eal estate {oans nd t M r or gage a 7 attach statement) nt t h i O .._... . nves me s ( er t 8 s and other depreciable assets 9a Buildin 849 944. 849 944. ,... • g b Lessaccumulateddepreciation 373 544. 476 400. 404 799. 445 145. ... .......... letableassets 10a De .. . .... ......... ..._...... p b Less accumulated depletion amortization) f an n t d L t 131 8 2 4. 131 8 2 4. y an ( e o 1 12a Intangible assets (amortizable only) 13 913. 13 913 . . _ b Lessaccumulatedamortization 2 499. 11 414. 2 499. 11 414. .......... .... attach statement) ts Oth ............... er asse ( 13 l ts T t 6 2 8 2 2 3. 5 9 8 17 5. a asse o 1a ....................................... Liabilities and Capital able nts a 15 A _ ._..,_._ ..._......_.... y ccou p ss than 1 ear in l bl b 16 y e onds paya e Mortgages, notes, 17 Other current liabilities (attach statement) .. 18 All nonrecourse loans ear a more able in 1 d t b 19 19 8 9 4 5 . 13 8 4 01. y s pay Mortgages, no es, on liabilities (attach statement) 20 Oth er ital accounts rtners' ca 21 P 4 2 9 2 7 8. 4 5 9 7 7 4. _ .. _..... p a ................ 22 Total liabilities and ca ital 6 2 8 2 2 3. 5 9 8 17 5. Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return Note: Schedule M-3 may be required instead of Schedule M-1 (see instructions). 1 Net income (loss) per books 8 2 9 9 6 . 6 Income recorded on books this year not included 2 Income included on Schedule K, lines 1, 2, 3c, 5, 6a, 7, 8, 9a, 10, and 11, not recorded on books this year (itemize): on Schedule K, fines i through 11 (itemize): aTax-exempt interest $ 3 Guaranteed payments (other than health ,_,., insurance) _„ . ... 7 Deductions included on Schedule K, lines 1 through 13d,and 161, not charged against _ .. ................................ d Expenses recorded on books this year not included on Schedule K, lines 1 through and 161(itemize): 13d book income this year (itemize): a Depreciation $ , a Depreciation $ b Travel and entertainment $ 8 Add lines 6 and 7 ... . ........... .............. ..... . 9 Income (loss) (Analysis of Net Income (Loss), 5 Add lines 1 throw h 4 ................... _.... _.... _ 8 2 9 9 6. line 1. Subtract line 8 from line 5 .................. 8 2 9 9 6. Schedule M-2 Anal sis of Partners' Ca ital Accounts 1 Balance at beginning of year 429 278. 6 Distributions: aCash . .. ..... 52 500. .. ... .. ................. ital contributed: aCash 2 Ca __.,.. ....._,.... . .. bProperty , ._. „_.,..._.__,...,_. p b Property _ ........,.. _,.._. . 7 Other decreases (itemize}; 3 Net income(loss)perboaks 82 996. _ .... ........... ...... 4 Other increases (itemize): . .......__. 8 Add lines6and7 52 500. 5 Arita lines 1 thrnuoh d ......-. 512 2 7 4. .... _ ...,. _... ,_ . ... s Balance at end or year. Subtract line a from line 5 4 5 9 7 7 4. sitooi Form 1065 (2006) iz-zs-os JWA Form ~~~~ (Rev. December 2006) Department of the Treasury Internal Revenue Service Rental Real Estate Income and Expenses of a Partnership or an S Corporation - See instructions on page 2. - Attach to form 1065, Form 1065-8, or form 1120S. OMB No. 1545-1186 Name Employer identification number W F PARTNERSHIP ___ _23_2904277 1 Show the kind and location of each property. See page 2 to list additional properties. __ A RENTAL REAL ESTATE B C D Prop erties Rental Real Estate Income A B C D 2 Gross rents 2 121 415 . Rental Real Estate Expenses 3 Advertising . . 3 ___, __. _ ...,_.. .. 4 Auto and travel _ ..... 4 . 5 Cleaning and maintenance _.,, 5 .... .. 6 Commissions 6 7lnsurance . 7 817. ............_ ............... 8 Legal and other professional fees 8 5 5 0. 9 Interest .. . . 9 5 7 9 9. ........................ ..... ... 10 Repairs , .. _. 10 _. ,_.. _ . 11 Taxes ... . . 11 _ ....... . .... . _ ... ... ..... . 12 Utilities . 12 ............................... .... 13 Wages and salaries _ ,..,....._. 13 .. . 14 Depreciation (see instructions) .,._., 14 31 2 5 5 . 15 Other (fist) - STMT 3 8 . 15 16 Total expenses for each property. Add lines 3 through 15 ... ... 16 3 8 , 4 2 9 . 17 Total gross rents. Add gross rents from line 2, columns Athrough H ___ .. . ................................................ 18 Total expenses. Add total expenses from line 16, columns A through H 19 Net gain (loss) from Form 4797, Part II, line 17, from the disposition of property from rental real estate activities 20a Net income (toss) 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) b Identify below the partnerships, estates, or trusts from which net income (foss) is shown on line 20a. Attach a schedule if more space is needed: (1) Name (2) Employer identification number 1B I r 38 .429 21 Net rental real estate income (loss). Combine lines 17 through 20a. Enter the result here and on: • Form 1065 or 1120S: Schedule K, line 2, or ,, . .. , . _. _.. ,..._ ,., , .._.,___ _ ...................... ._. _ __ _...,. 21 $2 986 . • Form 1065-B; Part I, line 4 ~zo141 tz-ls-os JWA For Paperwork Reduction Act Notice, see page 2 of form. Form 8825 (12-2006) W F PARTNERSHIP Form 662s(2006) 23-2904277 1 Show the kind and location of each property. E G H PrnnPrtinc Rental Real Estate Income E F G H 2 Gross rents 2 Rental Real Estate Expenses 3 Advertising 3 4 Auto and travel ........................... 4 5 Cleaning and maintenance ............... 5 6 Commissions 8 7 insurance .................................... 7 8 Legal and other professional fees ._... 8 9 Interest ....................................... g 10 Repairs „ .......................... . 10 11 Taxes __, .,,. _ _.. .. ................... . 11 12 Utilities ...................................... 12 13 Wages and salaries ........ .......... .. 13 14 Depreciation (see instructions) .., .., 14 15 Other (list) - 15 16 Total expenses for each property. Add lines 3 throw h 15 _..... 16 JWA Form 8825(12-2006) szoiaz iz-~s-os Form 4562 Department of the Treasury Internal Revenue Service Name(s) shown on return OMB No. 1545-0172 Depreciation and Amortization 2006 (Including Information on Listed Property) R- 1 a h t See separate instructions. - Attach to your tax return. men ttac sequence No. 67 Business or activity to which this form relates Identifying number J F PARTNERSHIP ENTAL REAL ESTATE 23-2904277 Part I Election To Expense Certain Property Under Section 179 Note: If ou have any listed property, complete Part V before you complete Part !, 1 Maximum amount. See the instructions for a higher limit for certain businesses ................................................ 1 10 8 ~ 0 0 0 2 Total cost of section 179 property placed in service (see instructions) .., _ 2 3 Threshold cost of section 179 property before reduction in limitation ................................................................ 3 ~ 30 000 4 Reduction in limitation. Subtract line 3 from line 2, If zero or less, enter -0- 4 j Dollar limitation for tax year. Subfract line 4 from line 1. If zero or less, enter -0-. If married tiling separately, see instructions 5 ~, (a) Description of property (b) Cost (business use only) (c) Elected cost 7 Listed property. Enter the amount from line 29 ~7 Add amounts in column (c) lines 6 and 7 . 8 Total elected cost of section 179 property 8 , ......................... ............ . ..... . ... .. Enter the smaller of line 5 or line 8 9 Tentative deduction 9 ___ ..............__ ...,..-..__..._-_.,.,..,.........._..__ .... ... . . ........ . over of disallowed deduction from line 13 of your 2005 Form 4562 10 Car 10 ..... ............................................. ry . Enter the smaller of business income (not less than zero) or line 5 11 Business income limitation 11 ... ........ ...... . but do not enter more than line 11 .................................. Add lines 9 and 10 12 Section 179 expense deduction 12 , . 13 Car over of disallowed deduction to 2007. Add lines 9 and 10 less line 12 ............ - 13 Note: Do not use Part ll or Part 111 below for listed property. Instead, use Part V. Part II Special Depreciation Allowance and Other Depreciation (Do not include listed property.} 14 Special allowance for qualified New York Liberty or Gulf Opportunity Zone property (other than listed property) placed in service during the tax year .... .................... . 14 ... . .................................................................. _........... _ . ...................................................... .. . ... subject to section 168(f)(1) election 15 Propert 15 ..... ... .... ........................... y 16 Other de reciation includin ACRS ..................__..................... _............ 16 515. Part III MACRS Depreciation (Do not include listed property.) (See instructions.) Section A .. ... 1T MACRS deductions for assets placed in service in tax years beginning before 2006 17 2 2 9 8 8 .. .................................. 18 If you are electing to group any assets placed in service during the tax year into one or mare general asset accounts check here ~ a _ _ __ c.,..~:,... Q _ ec~ese Dlennrl in Qnrvira rlurinn 9rInR Tar Yaar l Isinn the Gr±neral Depreciation SVStem (a) Classification of property (b) Month and year placed in service (c) Basis for depreciation (business/investment use only -see instructions) (d) Fecovery period (e) Convention (f) Method (g) Depreciation deduction 19a 3• ear ro ert b 5• ear ro ert c 7- ear ro ert d 10• ear ro ert e 15- ear ro ert 15 5 0 4 0. 15 YRS . HY 15 O D 7 7 5 2. f 20- ear ro ert 25- ear ro ert 25 r;s. S/L / 27.5 rs. MM S/L h Residential rental property / 27.5 rs. MM S/L 1 39 rs. MM S/L i Nonresidential real property f MM S/L Ractinn C _ pssetc Plar_prl in Service Durina 2006 Tax Year Usina the Alternative Depreciation Svstem 20a Class life S/L b 12- ear 12 rs. S/L c 40-year / 40 yr:>. MM S/L Part IV ~ Summary (see instructions) 21 Listed property. Enter amount from line 28 ..............._................................_......._.........._............................. 21 22 Total. Add amounts from line 12, lines 14 through 17, lines 19 and 20 in column (g), and {ine 21. Enter here and on the appropriate lines of your return. Partnerships and Scorporations -see instr . .............._..... 22 31 2 5 5 . 23 For assets shown above and placed in service during the current year, enter the ortion of the basis attributable to section 263A costs ................_.............._..........._ 23 616251 LHA For Pa p Form 4562 (2006 1o-n-os perwork Reduction Act Notice, see se crate instructions. ) Form 4562 (2006) W F PARTNERSHIP 2 3- 2 9 0 4 2 7 7 Page 2 Part V Listed Property (include automobiles, certain other vehicles, cellular telephones, certain computers, and property used for entertainment, recreation, or amusement.) Note: For any vehicle for which you are using the standard mileage rate or deducting lease expense, complete only 24a, 24b, columns (a) through (c) of Section A all of Section B and Section C if applicable. Section A -Depreciation and Other Information (Caution: See the instructions for limits for passenger automobiles.) 24a Do you have evidence to sup ort the business/investment use claimed? 0 Yes ~ No 24b If "Yes " is the evidence written? ~ Yes 0 No lal (b) (~) (d) (e) (f) I9) (h) (') Type of property Date Business! Cost or Basis for depreciation Recovery Method/ Depreciation Elected placed in investment (business/investment eriod Convention deduction section 179 (list vehicles first) service use percentage other basis use only) p cost 25 Special allowance for qualified New York Liberty or Guff Opportunity Zone property placed in service during the tax year and used more than 50°!° in a qualified business use .. ............._.................._.................................... 25 26 Property used more than 50% in a qualified business use: % ~ % I I I I I I 27 Property used 50% or less in a qualified business use: S/L 28 Add amounts in column (h), lines 25 through 27. Enter here and on line 21, page 1 29 Add amounts in column i ,line 26. Enter here and on line 7, a e 1 O __ P 9 __.._........ S/L - Section 8 -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. 30 Total business/investment miles driven during the la) Vehicle lb) Vehicle ic) Vehicle (d) Vehicle lei Vehicle (f) Vehicle year (do not 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 use Yes No Yes No Yes No Yes No Yes No Yes No 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 are not more than 5% owners or related persons. 37 Do you maintain a written policy statement that prohibits all personal use of vehicles, including commuting, by your Yes No 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? ........................ . ............................................ Note: If your answer to 37, 38, 39, 40, or 47 is "Yes, " do not complete Section 8 for the covered vehicles. Part VI Amortization (a) 1 (b) 1 (c) I (d) (e) ff) Description of costs I Dafe amofization I Amortizable Code AmOflltatlon Amortization begins amount section period or percentage for this year a? Amortization of costs that begins during your 2006 tax year: 43 Amortization of costs that began before your 2006 tax year .._...___,__.,_.,_..___,__....._....,_.._ ................._...._... 4a as Total- Add amounts in column (f). See the instructions for where to report . _. 44 616252/10- ~ 7-06 Form 4562 (2006) Z 0 Q N O Q 0 z a W Ei F W a W x w ~ a F, (YOTn, W V N . O . O . Lf1 . d~ . 1.f1 . lD . l!'1 . O . . O O . O . N . [~ . O . . OD 00 y c rl 'd~ d1 h LCl h Lfl Lfl LIl Q1 01 ~' ° ~ N ~--1 N i--I h ~--I h O r-I c--I ~ V ~' ~° ~m ~ 00 ~ N ~ h ~ O ~ ~ c-I e-I v ~ c-i M c~ a> U U ~ i a ~ O O lD d~ O h t!1 Ln N O 01 O1 00 h :? o lD N O Lf1 .--1 O N O d~ d+ lD L~ M c--I ~.cv d~ h Lfl ~ O lp h M c-i N v-I Lfl Ql LCl ~ a~i ~ n O 01 N N N Q1 N N N N Lfl h M ~ ri O Lfl .--I N ~--~ rl N N O O N O O O [~ O M d~ O l0 Q1 d~ M y o lp N r-I M O 00 h O ~--I M d~ l0 L~ r-1 d1 . ~ <a ~ C~ N ~-I M l0 N O O1 OO O Lf1 LIl h N u, m ~ 00 l0 d~ M d~ c-i O M M Lf1 r-1 II1 lD N o rl `--i Ol i--1 c-I Op LC1 O e--i d~ lD N rl l~ N N c O.N - rn • U cC ~ m a o V N X ~ W CJ ~, • O • O • N • O • O • O • [~ • O • M • d~ • O • l0 • 01 • • ~N M ~ .N ~D N ~--I M O 00 [~ O r-1 M `d~ lp h ~--I Q1 N m d~ [~ N .--I M lp N O Ol 00 O Ll') Lfl h N ~ ~ O~ l0 d~ M d~ r-1 O M M l!') ~--I Lf1 lp N ~ ~o r-I c-i Q1 r-i r-I 00 L11 O ~ ~ l0 N ~ l0 N N d c Z lD l0 lD h h h [~ h M C~ h Ol Q1 h . u O O O O O O O O O O O O a, O O Ln O O O O O O O O O O ' O - O Lfl rl (n 111 Ln 111 LC1 al 41 Lf) Lfl Ol N r-I M ~-1 .~ ~-I r-i r-1 M Lfl M r--I r-I M o A A A A A A A A O O O O O O O O ~ a a a ~ ~ ~, ~, ~n o a ~ ~ a U1 .--I '-i .--I e-1 e~ N Cq e-I ~ d~ N h [~ h O e-1 M h Ol d~ l0 Q1 ` h 00 00 Ol Q1 01 O O Q1 Ol O O Q1 °' r-I c-i e--I O1 d0 N 00 Ln r-I ~ ~-I i-1 ~--I o Q O O O H r-1 O O O O O M O O r-1 ~ h H O~ lp Q1 00 rl Lf'1 N '-i lfl O O O c-~ O O O O O O ~--I O O H E-~ ~n LY, W E-~ ~o N W F H " °° ~ ~ ~' z a w z o H w z o N ~~ o o w o o a ~a n a a a w ~ ~' H 3 ~ ~ E1 ~' H H ~ v] ,~.~' '~' O E v] W v~ F O O 0 2 H H W O Ul C!1 H O ~ Ei ~ o c~ ~ L1.' a w ~ - z A c~z~+ H a a ~ C7 C!1 0 ~ to oac7 z z W ~ ~ z x z H E H ~ ~ z z ao ~ z H H A H H ,T, O H ,Y, (]„,' ~ H E+ H H M [~ H o A A o h A ~ w ~ z A A zA rz a a A A A h awa o A w a a c~wa A (~ H ~ H ~ ~ ~ ~ E H 'aC, Q ' 'Zi ~ Ri H H A (]y H H ~ J H L4 W ~ A a A C l~ * * N M d~ !11 l0 h M ~M LC1 l0 h 00 .-I 00 N o ~ r-1 e--I r-1 e-i ~ QZ m U N E E 0 U vi c 0 m ai m ro ro m n 'D d 0 a N_ Q N ~ O m ~ N NIA mo is c m o >: d~ ~d ~0 U m~^ U N II1 O ~ ~ ~ ~ ~ M boys o ~ ~o U d U 6 v °' a~ 1 G 0 o~ LL N y cN0 D ~ 0 O tT ~ O C" N ~ O ~ ~ O N `~ ~ tI1 M cn a' N O ~ O ~ O ~ rn tA ~ ~ .. ~ LC1 t'~ ~ ~ '~ ~ ~ ~ I O N ~ ~ ~ t~ -_ G G O y U co 7 m b X ' `y ~ M ~ C"~ N O O"+ M t!'~ O ~ ~ ~ ~ .~ji ~ ~ A Q ~ o ~ r"" ~v `O `r°+ r ~-+ ~z ~n ''"~ ~ O O m ~[1 J 0 y d ~~ a4 0 w Z 0 N rw x Q~ zW a O W 4 a' w w ~, Q W N a O a ° O ~ M Q1 ~ r ° r+ ~ ttt ~ ' N N ~ (~1 O ~ ~ d~ o '~ s t O O~ 1 t - rn N ~ (~1 ~ ~ ~• - ~ O O O O :.~- Az ~ '`~ W cHn ~ ~ W a~ A ~ ~ x Ea '`~ Nw' ~ Z M ~ H p O c~ x ~ H O ~ ,~ a '~ ~ ° ~ ~a 'd' ., Q p ~ C7 P 0 N 0 ~ ~ ~ do Qz M ~ Q1 ~ ~ ~ ~ O ~ ~ O tT r a'+ N tD ~ _„ ~-" v H ~ ~ ~ O yW., ~ 2 ~ Z ~ H p ~ Z o ~ ~ A ~ W ~ W w a ~ c 0 N O C7 c 0 .~ U d 0 O A N .~ .~ fL ~U N O 0 r- r 0 U tjl U "~ N N O Q- '17 N 4 O W F PARTNERSHIP 23-2904277 SCHEDULE K NET INCOME (LOSS) FROM RENTAL REAL ESTATE STATEMENT 1 DESCRIPTION AMOUNT RENTAL REAL ESTATE 82,986. TOTAL TO SCHEDULE K, LINE 2 82,986. SCHEDULE K INTEREST INCOME STATEMENT 2 DESCRIPTION BANK INTEREST TOTAL TO SCHEDULE K, LINE 5 U.S. BONDS OTHER 10. 10. OTHER RENTAL EXPENSES PROPERTY: RENTAL REAL ESTATE DESCRIPTION OFFICE SUPPLIES TOTAL TO RENTAL SCHEDULE, LINE 15 STATEMENT 3 AMOUNT 8. 8. STATEMENT(S) 1, 2, 3 H O a w z 0 a U w a W 0 w Q Z CC {11 F J Q oowroooo •o ~o b+ ~c o ~n ~r ~ ~ N N O ¢~ =° O O ¢ ~ ~ V V ~n~rrntnooNOOO o c c-I 00 d~ O Lf1 r u'1 u'1 d~ Ol N to ° tf1 .--i ri N ~-i r .-I r N .-i M lD F- ns . . . . . . p ¢ ~ O N r O rl r-I o r-I V Lf1~tIllOLnOONOOp In c ~ tiM Ol h lf1 r l.[) l11 Ol !1'1 ` o ~ ~ u'I N ri N e-i r r-1 r e-I ~ ~ N =.U ,01, ~ ~ O N r r-1 H ~ ~ ~ M 0 Lf) M Ol O lfl Lfl O O 01 lD N ~ 'cM d+ 00 r N 0 'd~ r M M ~ I,f101111OrMN rrn rl ~ 3 ¢~ H .-i r--I N 01 N N O r O ~ O ~-'I ~ ¢ e-i r-I N O O O r 0 d~ O 01 d~ l0 v' e--1 M O 00 r O M ~M r r-I l~ ~ N~-IMIDNOOOOLfIr r ti-m a s lp ~ M d~ c-1 O M lf1 Ln lD O o i--I Q1 ~--I 00 lf1 r-I d~ M U N c-1 N O 0 0 0 0 0 0 0 0 0 0 ~~ Lf1000000000 g. ' ¢- ~ooO~n~nrnt,nu'1o~ MNNNrl~rlr-1~--IM r-o A AAA A A A ~~ O O O O O O O ¢~ ~,~,~~n~,a~,~na ~~~~~ ~~ rrr0~r-IMd~ID 01 ~„ 000101010000 D1 «'• '- r-I 01 a0 N 00 Lf'1 e-1 c-1 ~-I pQ Oe-i~--V000MO O O c-~ 0 0 0 0 ~-I O O w ~N E+ h ~x z z a va o ~ w O ° H - w 'sue' w i~ z E-+ `~+" U~ w°N~F° ~ ° h o a~ i3 ~ ~ ~nE-~ ~o Ei ~ Haov~ cnz~ wx •~n- o •cn~ H o~aa- zHaC7o ~ M HAH ,'I',~eQ,'HH C/1 ~' AAQ A° oAAO ~ a Zz W A O U D~~FCE~H ~A cr111l0rMd~rao.-boo ~ rl '-i c-1 c-1 ~z° 0 ~~ 0 N t(9 mo 1 651106 Schedule K-1 2006 0 Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1065) For calendar year 2006, or tax Department of the Treasury year beginning Part 111 Partner's Share of Current Year Income, Deductions Credits and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 10rdinary business income (loss) 0 , 15 Credits Credits, etC. 2 Net rental real estate income (loss) See se orate instructions. 8 3 0 . 16 Foreign transactions Part I Information About the Partnershi 30ther net rental income (loss) p A Partnership's employer identification number 4Guaranteed payments 23-2904277 B Partnership's name, address, city, state, and ZIP code 5lnterest income W F PARTNERSHIP 6a0rdinarydividends 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17 0 4 3 6b Qualified dividends <101 > C IRS Center where partnership filed return . CINCINNATI OH 7 Royalties D ~ Check if this is a publicly traded partnership (PTP) 18 Tax-exempt income and E 0 Tax shelter registration number, if any F ~ Check if Form 8271 is attached 6 Net short-term capital gain (loss) nondeductible expenses 9a Net long-term capital gain (loss) Part II Information About the Partner 9b Collectibles (28%) gain (loss) 19 Distributions G Partner's identifying number 525 . 2 0 7- 0 7- 9 0 0 8 9c Unrecaptured sec 1250 gain H Partner's name, address, city, state, and ZIP code 20 Other information 10 Net section 1231 gain (loss) WILLIAM F. RITTNER 2 8 2 LOWTHER ST # 10 4 110ther income (loss) LEMOYNE PA 17043 I ®General partner or LLC 0 Limited partner or other LLC member-manager member J ®Domestic partner 0 Foreign partner 12 Section 179 deduction K What type of entity is this partner? INDIVIDUAL 130ther deductions L Partner's share of profit, loss, and capital: Beginning Ending Profit 1.0000000% 1.0000000% Loss 1. 0 0 0 0 0 0 0% 1. 0 0 0 0 0 0 0% 14Self-employrnent earnings (loss) Ca ital 1.0000000% 1.0000000% Q , M Partner's share of liabilities at year end: Nonrecourse ... ....... ........... $ 'See attached statement for additional information. Qualified nonrecourse financing . __. $ Recourse $ 3 4, 6 0 0. N Partner's capital account analysis: Beginning capital account _._.__._ __ $ 6 , 769. Capital contributed during the year $ Current year increase (decrease) _._ _,,._ ._ $ 8 3 0 . Withdrawals & distributions $( 5 2 5 . __........._..... _.. ) Ending capital account $ 7 , 0 7 4 . ........ _... ..._....... _......... LdJ Tax basis 0 GAAP ~ Section 704(b) book 0 Other ex fain >, Oc ~ o lL JWA For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2006 sttzst of-oz-o~ 4v F PARTNERSHIP 23-2904277 SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION RENTAL REAL ESTATE INCOME (LOSS) SCHEDULE K-1 INCOME SUBTOTAL TOTAL TO SCHEDULE K-1, ITEM N AMOUNT TOTALS 830. 830. 830. PARTNER NUMBER 1 651106 c~tie~~~ro k_~ ~nn~ n Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 10s5) For calendar year 2006, or tax ~vvv Department of the Treasury year beginning part III partner's Share of Current Year Income, Deductions Credits and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 10rdinary business income (loss) 0 . 15 Credits Credits etC. 2 Net rental rf;al estate income (loss) , See se crate instructions. 1 6 6 0 . 16 Foreign transactions 30ther net rental income (loss) Part I Information About the Partnership A Partnership's employer identification number 4 Guaranteed payments 23-2904277 city, state, and ZIP code address B Partnership's name 5lnterest income , , W F PARTNERSHIP Sa Ordinary dividends 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17 0 4 3 Sb Qualified dividends <2 01 . > C IRS Center where partnership filed return CINCINNATI OH 7 Royalties D ~ Check if this is a publicly traded partnership (PTP) 18 Tax-exempt income and E ~ Tax shelter registration number, if any F 0 Check if form 8271 is attached 8 Net short-term capital gain (loss) nondeductible expenses 9a Net long-terrn capital gain (loss) Part II Information About the Partner 9b Collectibles (28%) gain (loss) 19 Distributions G Partner's identifying number 1 0 5 0. 181- 3 8 - 8 719 9c Unrecaptured sec 1250 gain H Partner's name, address, city, state, and ZIP code 20 Other information 10 Net section 1231 gain (loss) JANET RITTNER YOUNG 4 7 7 5 AUGUSTA DR 110ther incomE: (loss) MECHANISBURG PA 17050 I ®General partner or LLG [~ Limited partner or other LLC member-manager member J ®Domestic partner ~ Foreign partner 12 Section 179 deduction K What type of entity is this partner? INDIVIDUAL 13 Other deductions L Partner's share of profit, loss, and capital: Beginning Ending Profit 2.0000000°!° 2.0000000% Loss 2. 0 0 0 0 0 0 0% 2. 0 0 0 0 0 0 0°!° 14Self-employment earnings (loss) Ga ital 2.0000000°~° 2.0000000°~° 0. M Partner's share of liabilities at year end: .................................. $ .... ... Nonrecourse 'See attached statement for additional information. .. .. . Qualifiednonrecourseiinancing ...__. _.._.. $ Recourse .... . . ........ $ 6 9 , 2 01. N Partner's capital account analysis: Beginning capital account ,..,_._..,,_ . ____..._.,._ $ 11 , 013. Capital contributed during the year _ _... _ _.., _ $ Current year increase (decrease) .,,_,___,.__ _., $ 1 , 6 6 0 . Withdrawals & distributions ..._. _ ...... ... ......... $( 1 , 050) Ending capital account ....._.,_,._._ . .... ......... $ 11 , 623. ®Tax basis ~ GAAP 0 Section 704(b} book C] OtherLxplain~_ ?~ c ~ a~ ~ ~ o "- JWA For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 {Form 1065) 2008 svzsi of-oz-o~ W F PARTNERSHIP 23-2904277 SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION RENTAL REAL ESTATE INCOME (LOSS) SCHEDULE K-1 INCOME SUBTOTAL TOTAL TO SCHEDULE K-1, ITEM N AMOUNT TOTALS 1,660. 1,660. 1,660. PARTNER NUMBER 2 657,106 Sr•.hedule K-1 ~nn~ ~ Final K-1 ~ Amended K-1 OMB No. 1545-0099 (Form 1065) For calendar year 2006, or tax ~vvv Department of the Treasury year beginning part III Partner's Share of Current Year Income, Deductions Credits and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 10rdinary business income Goss) 0 . 15 Credits Credits, etC. 2 Net rental real estate income (lass) See se crate instructions. 3 9 8 3 3 . 16 Foreign transactions 30ther net rental income (loss) Part I Information About the Partnership A Partnership's employer identification number A Guaranteed payments 23-2904277 B Partnership's name, address, city, state, and ZIP code 5lnterest income 5. W F PARTNERSHIP 6a0rdinarydividends 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17 0 4 3 6b Qualified dividends <4 8 31. > G IRS Center where partnership filed return CINCINNATI OH 7 Royalties D 0 Check if this is a publicly traded partnership (PTP) 18 lax-exempt income and E 0 Tax shelter registration number, if any F [] Check if Form 8271 is attached 8 Net short-term capital gain (loss) nondeductible expenses 9a Net long-teen capital gain (loss) Part II Information About the Partner 9b Collectibles 1'28%) gain (loss) 19 Distributions G Partner's identifying number 2 5 2 0 0. 2 5- 6 5 7 416 5 9c Unrecaptured sec 1250 gain H Partner's name, address, city, state, and ZIP code 20 Other information 10 Net section 1231 gain (loss) 5 . WILLIAM RITTNER IRREVOCABLE TRUST 2 8 2 LOWTHER ST # 10 4 11 Other incomfs (loss) LEMOYNE PA 17043 I ~ General partner or LLC ®Limited partner or other LLC member-manager member J ®Domestic partner ~ Foreign partner 12 Section 179 deduction K What type of entity is this partner? TRUST 130ther deductions L Partner's share of profit, loss, and capital: Beginning Ending Profit 48.0000000°/° 48.0000000% Loss 48.0000000°!° 48.0000000% 14Selt-employrrientearnings(loss) Ca itai 48.0000000°~° 48.0000000% M Partner's share of liabilities at year end: Nonrecourse _ . _. , ..,,,..._.,. $ `See attached statement for additional information. _......._.,..., ._._ __ . . Qualified nonrecourse financing ...................... $ Recourse _ ....._... _ ............. $ 0. N Partner's capital account analysis: Beginning capital account _ _.__ .__ ,_ $ 194 ,166. Capital contributed during the year _ _ _ ...,_,._ $ Current year increase (decrease) _ .. _. $ 3 9 , 8 3 8 . Withdrawals & distributions _.....___ ,._ _ .,.._... $( 25 , 200 .) Ending capital account ....,..,... $ 208,804. LAX Tax basis 0 GAAP [] Section 704(b) book _[] Other~explainL T c o ~ ~ o JWA For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2006 s~tzs~ of-oz-a~ 4v' F Pt-~RTNERSHIP 23-2904277 SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION RENTAL REAL ESTATE INCOME (LOSS) INTEREST INCOME SCHEDULE K-1 INCOME SUBTOTAL TOTAL TO SCHEDULE K-1, ITEM N AMOUNT TOTALS 39,833. 5. 39,838. 39,838. PARTNER NUMBER 3 6511Q6 Sehndulo K_i ~nn~ n Final K-1 n Amended K-1 OMB No. 1545-0099 (Form 1065) Fa calendar year 2006, or tax ~vvv Department of the Treasury year beginning part III Partner's Share of Current Year Income, Deductions Credits and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, i Ordinary business income (loss) 0 . 15 Credits Credits, etC. 2 Net rental real estate income (loss) See se orate instructions. 3 9 8 3 3 . is Foreign transactions 30ther net rental income (loss) Part I Information About the Partnership A Partnership's employer identification number 4Guaranteed payments 23-2904277 B Partnership's name, address, city, state, and ZlP code 5lnterest income 5. W F PARTNERSHIP 6a0rdinarydividends 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17 0 4 3 6b Qualified dividends <4 8 31. > C IRS Center where partnership filed return CINCINNATI OH 7 Royalties D ~] Check if this is a publicly traded partnership (PTP) 18 Tax-exempt income and E ~ Tax shelter registration number, if any F ~] Check if Form 8271 is attached 8 Net short-term capital gain (foss) nondeductible expenses 9a Net long-term capital gain (loss) Part II Information About the Partner 9b Collectibles (26%) gain (loss) 19 Distributions G Partner's identifying number 2 5 2 0 0 2 5- 6 5 7 5 5 0 3 9c Unrecaptureri sec 1250 gain H Partner's name, address, city, state, and ZIP code 20 Other information 10 Net section 1231 gain (loss) 5 . FRANCES RITTNER IRREVOCABLE TRUST 2 8 2 LOWTHER ST # 10 4 110ther income (loss) LEMOYNE PA 17043 I ~ General partner or LLC ®Limited partner or other LLC member-manager member J ®Domestic partner 0 Foreign partner 12 Section i79 deduction K What type of entity is this partner? TRUST 130ther deductions L Partner's share of profit, loss, and capital: Beginning Ending Profit 48.0000000°r° 48.0000000°i° Loss 4 8. 0 0 0 0 0 0 0% 4 8. 0 0 0 0 0 0 0% 14Self-employment earnings (loss) ca ital 48.0000000°~° 48.0000000% M Partner's share of liabilities at year end: Nonrecourse ., . .... .__. $ *Seeattachedstatementforadditionalinformation. __.. .,_. .,,_ .... .. .. Qualified nonrecourse financing ........................ $ Recourse ......-.__....... .. $ 0 N Partner's capital account analysis: Beginning capital account ... ...................... $ 210 , 559. Capital contributed during the year _„_..._.,.,... $ Current year increase (decrease) _._ $ 3 9 , 8 3 8 . Withdrawals & distributions ............... ........... $( 25 , 200) Ending capital account .................... ............... $ 225 , 197. ®Tax basis ~ GAAP ~ Section 704(b) book ~] Other (explain) ?~ c ~ ~ ~ o " ~ JWA For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2006 s~izs~ of-o2-o~ W F PARTNERSHIP 23-2904277 SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION RENTAL REAL ESTATE INCOME (LOSS) INTEREST INCOME SCHEDULE K-1 INCOME SUBTOTAL TOTAL TO SCHEDULE K-1, ITEM N AMOUNT TOTALS 39,833. 5. 39,838. 39,838. PARTNER NUMBER 4 - 5 651106 Srhadula K_1 ~nn~ n Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1D65) For calendar year 2006, or tax L V V V Department of the Treasury year beginning part III Partner's Share of Current Year Income, Deductions Credits and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, t Ordinary business income (loss) 0 . 15 Credits CredltS etc. 2 Net rental real estate income (loss) , See se orate instructions. 8 3 0 . 16 Foreign transactions 3 other net rental income (ions) Part I Information About the Partnership A Partnership's employer identification number 4 Guaranteed payments 23-2904277 city state and ZIP code address B Partnership's name 5lnterest income , , , , W F PARTNERSHIP 6a0rdinarydividends 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17 0 4 3 6b Oualitied dividends <101. > C iRS Center where partnership filed return CINCINNATI OH 7Royalties D 0 Check if this is a publicly traded partnership (PTP) 18 Tax-exempt income and E ~] Tax shelter registration number, if any F ~ Check if Form 8271 is attached 8 Net short-term capital gain (loss) nondeductible expenses 9a Net long-term capital gain (loss) Part II .Information About the Partner 9b Collectibles x;28%) gain (loss) 19 Distributions G Partner's identifying number 5 2 5 . 19 5- 0 7- 5 8 7 9 9c Unrecaptured sec 1250 gain address, city, state, and ZIP code H Partner's name 20 Other information , 10 Net section '1231 gain (loss) FRANCES M. RITTNER 2 8 2 LOWTHER ST # 10 4 11 Other income (loss) LEMOYNE PA 17043 1 ®Generai partner or LLC ~ Limited partner or other LLC member-manager member J ®Domestic partner ~ Foreign partner 12 Section 179 deduction K What type of entity is this partner? INDIVIDUAL 130ther deductions loss, and capital: L Partner's share of profit , Beginning Ending Profit 1.0000000% 1.0000000% Loss 1.0000000% 1.0000000% t4Setf-employment earnings (loss) Coital 1.0000000% 1.0000000% 0. M Partner's share of liabilities at year end: Nonrecourse $ 'See attached statement for additionalintormatian. _ ..... . ... ...._.._.__......,..,. Qualified nonrecourse financing ._... $ Recourse _._,.._._, . , . __.... ,. $ 34 , 600. N Partner's capital account analysis: Beginning capital account ____. _ ... $ 6 , 771. Capital contributed during the year $ Current year increase (decrease) _,....,...,., $ 8 3 0 . Withdrawals & distributions _..._ .......... . ...... $( 52 5) Ending capital account .....___.,..._.._._ , ,..,_..... $ 7 , 076. ®Tax basis 0 GAAP ~ Section 704(b) book Other (explain) ?' c ~ m ~ ~ ~ o `~ JWA For Privacy Act and Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2006 si~zs~ o ~-oz-o~ W F P~.RTNERSHIP 23-2904277 SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION RENTAL REAL ESTATE INCOME (LOSS) SCHEDULE K-1 INCOME SUBTOTAL TOTAL TO SCHEDULE K-1, ITEM N AMOUNT TOTALS 830. 830. 830. PARTNER NUMBER 5 1065 U.S. Return of Partnership Income Form For calendar ear 2007, or tax ear b innin Department of the Treasury y y ~ 9 ,and ending __ Internal Revenue Service A Principal business activity Name of partnership Use the RENTAL ~~el F PARTNERSHIP B Principal product or service Other- Number, street, and room or suite no. If a P.O. box, see the instructions. wise, print 2 8 2 LOWTHER ST # 10 4 _ R F.AT ~ F. GTATF or City or town, state, and ZIP code ~ Business code number OMB No. 1545-0099 2007 D Employer identification number LJ-L7V4L! E Date business started 01/01/199' F Total assets G Check applicable boxes: (1) U Initial return (2) I~ Final return (3) U Name change (4) U Address change (5) ~ Amended return H Check accounting method: (1) ® Cash (2) 0 Accrual (3) 0 Other (specify) - I Number of Schedules K-1. Attach one for each person who was a partner at any time during the tax year - 5 J Check if Schedule M-3 attached 0 Caution: Include only trade or business income and expenses on lines 1a through 22 below. See the instructions for more information. 1 a Grossreceiptsorsales _ __ ._ __ __ ....._... ........ _ .......... 1a b Less returns and allowances _ _ ... _ ___ 1b 1c 2 Cost of goods sold (Schedule A, line 8) _ _ _ _ _. _. _ _. __........ _..__ __..._ ....._. _ _..._..__ 2 ~ 3 Gross profit Subtract line 2 from line is .. _.__ _.._......__ ......._ _ .__..... .... __.. 3 4 Ordinary income (loss) from other partnerships, estates, and trusts (attach schedule) 4 5 Net farm profit (loss) (attach Schedule F (Form 1040)) _ _ _ _ _ 5 6 Net gain (loss) from Form 4797, Part ll, line 17 (attach Form 4797) _ ._______._ ._ g 7 Other income (loss) (attach schedule) _. _ ______.. .__..._ _ ... _... _ ..__. 7 8 Total income loss .Combine lines 3 throw h 7 ............................................................................................. 8 y 9 Salaries and wages (other than to partners) (less employment credits) g c 10 Guaranteed payments to partners _ _ _ _ _ _ _ 10 ;g 11 Repairs and maintenance _ .__. _ 11 E 12 Bad debts .. _ . ~ w 13 Rent __... __ ___......... _ _ _....... 13 = 14 Taxes and licenses _ __._.. _........___ _. ... 14 15 Interest ........... ___.....__.._..__ ................___.................................._........................._........................ 15 16 a Depreciation (if required, attach Form 4562) 16a b Less depreciation reported on Schedule A and elsewhere on return 16b i6c m 17 Depletion (Do nat deduct oil and gas depletion.) _... 17 ~' N 16 Retirement plans, etc. _ .. ---__ _ _ __.. _ . _.. __ ___ . 18 c 19 Employee benefit programs _ _ . __ .... _. _ . _ _..... __ _.. ... ..._ _ _. 19 U 7 G 20 Other deductions (attach schedule) 20 21 Total deductions. Add the amounts shown in the far ri ht column for lines 9 throw h 20 ....................................... 21 22 Or dina business income loss .Subtract line 21 from line 8 ............................................................................. 22 0 . 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. Declazation of preparer (other than general paztnar or limited liability company member) is based on all information of which prepazer has any knowledge. Sign Here May the IRS discuss this return ' I with the preparer shown below Signature of general partner or limited liability co manager ' Date (see instr.)? Yes No Paid Prepazer's signature Date O o 0 2 0 8 0 8 self-employed -® Preparer's SSN or PTIN P 0 0 4 4 8 2 0 7 rreparer s yours itself- ~ ~-n x ~~ !~]ri'1"1' Use Only address and 110 RG TREET zIP °ode HARRI G _ PA 17110 for Privacy Act and Paperwork Reduction Act Notice, see separate instructions EIN I-25-1735300 Phone no. '~ 1 '~ . 7 3 7.7 2 3 1 Form 1065 (2007) 7ttoot JWA tz-z7-m Form 1065 2007 W F PARTNERSHIP 2 3- 2 9 0 4 2 7 7 Pa e 2 Schedule A Cost of Goods Sold see the instructions 1 Inventory at beginning of year ... __......_..._.... _......._._ _.. 1 2 Purchases less cost of items withdrawn for personal use _ __. _ .. _ _ _ _ p 3 Cost of labor _ . _ _. _ ._.. _ ...____... _. _..... ___ _ ....... __ _. 3 4 Additional section 263A costs (attach schedule) _ . _ _. _ . _. _...... 4 _... 5 Other costs (attach schedule) .....___ _........_.. __..._____. .__...._ ....__....__ 5 ................. . 6 Total. Add lines 1 through 5 _ _ _._ g 7 Inventory at end of year _. _.. __.. _ . __. _ _....... 7 8 Cost of goods sold. Subtract line 7 from line 6. Enter here and on page 1, line 2 _. _.... _ _ _ _ _ _ __. . _........._ __ .... 8 9 a Check all methods used for valuing closing inventory: (i) 0 Cost as described in Regulations section 1.471-3 (ii) ~ Lower of cost or market as described in Regulations section 1.471-4 (iii) ~ Other (specify method used and attach explanation)- b Check this box if there was a writedown of "subnormal" goods as described in Regulations section 1.471-2(c) - 0 _ __. _. c Check this box if the LIFO inventory method was adopted this tax year for any goods (if checked, attach Form 970) - 0 d Do the rules of section 263A (for property produced or acquired for resale) apply to the partnership? D Yes ~ No _ _ _ _ _ e Was there any change in determining quantities, cost, or valuations between opening and closing inventory? 0 Yes 0 No If "Yes "attach ex lanation. Schedule B Other Information 1 What type of entity is filing this return? Check the applicable box: Yes No a 0 Domestic general partnership b ®Domestic limited partnership c ~ Domestic limited liability company d 0 Domestic limited liability partnership e ~ Foreign partnership f ~ Other- 2 Are any partners in this partnership also partnerships? _____._ _ ........__.._...__.._...__. __ _..... X 3 During the partnership's tax year, did the partnership own any interest in another partnership or in any foreign entity that was disregarded as an entity separate from its owner under Regulations sections 301.7701-2 and 301.7701-3? If "Yes;'see instructions for required attachment ..._ $ 4 Did the partnership file Form 8893, Election of Partnership Level Tax Treatment, or an election statement under section 6231(a)(1)(B)(ii) for partnership-level tax treatment, that is in effect for this tax year? See Form 8893 for more details _.. . _ _ g 5 Does this partnership meet all three of the following requirements? 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 $600,000; and 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 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. 6 Does this partnership have any foreign partners? If "Yes," the partnership may have to file Forms 8804, 8805 and 8813. See the instructions _ _ X 7 Is this partnership a publicly traded partnership as defined in section 469(k)(2)? _..... _ . _. __ __ ... _.. _...... _ ... _ _...... _... X 8 Has this partnership filed, or is it required to file, a return under section 6111 to provide information on any reportable transaction? .. . $ 9 At any time during calendar year 2007, 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 acc:ount)? See the instructions for exceptions and filing requirements for Form TD F 90-22.1. If "Yes;' enter the name of the foreign country. - X 10 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. See the instructions 11 Was there a distribution of property or a transfer (for example, by sale or death) of a partnership interest during the tax year? If "Yes;' you may elect to adjust the basis of the partnership's assets under section 754 by attaching the statement described under Elections Made By the Partnership in the instructions ...................__....._....._..._.._.. _........_..._.._._. _................... ....._._.... X 12 Enter the number of Forms 8865 Return of U.S. Persons With Res ect to Certain Forei n Partnershi s attached to this return Designation of Tax Matters Partner (see the instructions) Enter below the general partner designated as the tax matters partner (TMP) for the tax year of this return: Name of Identifying designated TMP - JANET RITTNER YOUNG number of TMP - 181- 3 8 - 8 719 Address of 4 7 7 5 AUGUSTA DR - designated TMP MECHANI SBURG PA 17 0 5 0 JWA ~noii Form 1065 (2007) 12-27-07 Form 1065 (2007) W F PARTNERSHIP 23-2904277 Page3 Sc hedule K Partners' Distributive Share Items Total amount 1 Ordinary business income (loss) (page i, line 22) _ __. _ _ _ , _ _..._..__. ......... 1 ,__, ~ . 2 Net rental real estate income (loss) (attach Form 8825) ....................... .S.EE ...S.TATEMENT...1.......... 2 6 8 9 2 2 . 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 N 4 Guaranteed payments ____ _. _.. _ _.- - - ._...... __.- ____. -- 4 5 Interest income __ _.. _ __....._ . _._ __ __...._. .SEE. STATEMENT _.2... __. 5 13. m 6 Dividends: a Ordinary dividends ... _.....__.._..._......_._._........_. ............................ . .... _.._ ............. 6a b Qualified dividends _ . „_. ____.. 6b ~ 7 Royalties 7 8 Net short-term capital gain (loss) (attach Schedule D (Form 1065)) __........___...... __.... 8 9a Net long-term capital gain (loss) (attach Schedule D (Form 1065)) ........ .................................................... 9a b Collectibles (28%) gain (loss) _ _. _. _ _ 9b c Unrecaptured section 1250 gain (attach statement) ._ 9c 10 Net section 1231 gain (loss) (attach Form 4797) _ . _.. _... 10 11 Other income loss see instructions T e 11 m 12 Section 179 deduction (attach Form 4562) _ _ .. _ . 12 c 13a Contributions __ _.. _ 13a b Investment interest expense __ _ _ _.. _ 13b G c Section 59(e)(2) expenditures: (1)Type- (2)Amount- 13c 2 d Other deductions see instructions T e 13d ,~ a,. --~ 14a Net earnings (loss) from self-employment _. __ ..._ __ __ ..___ _ _. __ __ 14a 0. N £ ~ b Gross farming or fishing income _._..._- _.. 14b w c Gross nonfarm income ....___........._._........_...__....._........_.__.. ....._ ................._..._...._.................. 14c 15a Low-income housing credit (section 42(j)(5)) __ __ _.._.. _ _. .___ __... .___ 15a H b Low-income housing credit (other) _ _ . _. _ _.. 15b c Qualified rehabilitation expenditures (rental real estate) (attach Form 3468) . _ _ . _ . 15c ~ d Other rental real estate credits (see instructions) Type - 15d e Other rental credits (see instructions) Type - 15e f Other credits see instructions T e 15f i6a Name of country or U.S. possession - b Gross income from all sources _ 16b ~ c Gross income sourced at partner level _ __ ___ _ __... _ 16c o Foreign gross income sourced at partnership level '+-. ~ d Passive category - e Generalcategory .._ - f Other .. - 16f Deductions allocated and apportioned at partner level ~ g Interest expense - h Other ........ _. _ _ - .................................... . 16h m ' Deductions allocated and apportioned at partnership level to foreign source income m c t Passive category - j General category ..... - k Other . - 16k I Total foreign taxes (check one): - Paid ~ Accrued _ _ _ _ .... .. ........____......... _.... 161 m Reduction in taxes available for credit (attach statement) .. _ ................. .............._.........._......._ .............. 16m n Other forei n tax information attach statement __. x N 17a Post-1986 depreciation adjustment .. ...... -.... ._... __... ...... 17a <9 5 5 3 . >~ E b Adjusted gain or loss 17b cam= c Depletion (other than oil and gas) _ __ __ __.... . - ..... 17c ~~ d Oil, gas, and geothermal properties -gross income _.... - 17d aga a Oil, gas, and geothermal properties -deductions 17e f OtherAMT items attach statement ......_........_.........._............_.... ..._.._..._...._....._...._.........._....... 17f 18a Tax-exempt interest income __ __.. __. _ _ . _ . ... i8a c _ b Other tax-exempt income _ _ . __ ....- - .._.... - ._ ___ 18b c Nondeductible expenses ._ ._ _....-_ .... _. __.. 18c 19a Distributions of cash and marketable securities __. 19a 3 7 0 0 0 . ~ b Distributions of other property _ _ _, 19b 20a Investment income ._. _.... _ 20a 13. O b Investment expenses __.. _ ._.. __. .__. 20b c Other items and amounts attach statement .................................... .......................................... ~~,N1021 Form 1065 (2007) i2-2~-0~ Form 1065!2007) W F PARTNERSHIP 23-2904277_ Page4 Analysis of Net Income (Loss) o f h d l K I' 12 throw h 13d and 161 ...... __ .. 1 6 8 9 3 5 1 Net income (loss). Com 2 Analysis by partner type: a General partners b Limited artners Sc(^hedule T ine Schedule K lines 1 thr ow h 17. From the result subt (ii} Individual ract the sumo Sc e u e I (iii) Individual nes (iv) Partnership (v) Exempt ti i vl Nominee/Other ( ) (i) Corporate (active) (passive) organ za on 2 068. 689. b 66 178. Assets 1 Cash __ ___ . __. _ _.._ _ _.. 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) 7 Mortgage and real estate loans _ _.. _ _. 8 Other investments (attach statement) . 9a Buildings and other depreciable assets b Less accumulated depreciation _ _. _ . 10a Depletable assets _. . _ _ _ _ _ _ _ _.. bLessaccumulateddepletion __. __. 11 Land (net of any amortization) _ _., _ ,. 12a Intangible assets (amortizable only) _. b Less accumulated amortization _. _ _. 13 Other assets (attach statement) _ _ _ _. 14 Total assets __.___ _ _ ..... _. .. 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 __ ... __ 19 Mortgages, notes, bonds payable in 1 year or more 20 Other liabilities (attach statement) 21 Partners' capital accounts _ _ _ _.. of of tax 4 1.82 8 4 13 913. 2.499. 11,41 7 I 459,774.1 Schedule M-1 Reconciliation of Income (Loss) per Books With Income (Loss) per Return Note: Schedule M3 may be required instead of Schedule M-1 (see instructions). 1 Net income (loss) per books , _, _ _„ ., _ _ _., 6 8 9 3 5 . 6 Income recorded on books this year not included 2 Income included on Schedule K, lines 1, 2, 3c, on Schedule K, fines 1 through 11 (Itemize): 5, 6a, 7, 8, 9a, 10, and 11; not recorded on books aTax-exempt interest $ _ this year (itemize): 3 Guaranteed payments (other than health 7 Deductions included on Schedule K, lines 1 insurance) __ _.___ . _ _ _ .. _. ____ through 13d,and 161, not charged against 4 Expenses recorded on books this year not book income this year (itemize): included on Schedule K, lines 1 through a Depreciation $ 13d, and i61(itemize): a Depreciation $ __ . b Travel and entertainment $ 8 Add lines 6 and 7 ,. 9 Income (loss) (Analysis o4 Net Income (Loss), 5 Addlineslthrou h4 .._............_.__..._...... 68 935. line!.Subtractline8fromline5........._...... 68 935. Schedule M-2 Anal sis of Partners' Ca ital Accounts _ 1 Balance at beginning of year __ _ ___ . _.,_ 459 774.8 Distributions: aCash _______ _ . __... 37 000. 2 Capital contributed: aCash _. _ _ bProperty ____ .. _ __ b Property 7 Other decreases (itemize): 3 Net income (loss) per books _ 6 8 9 3 5. 4 Other increases (itemize): - - _ - 5 Add lines 1 711041 1z-27-o7 JWA 8 Add lines 6 and 7 9 Balance at end of year. Subtract line 8 from line 5 Form 1065 (2007) 8825 Rental Real Estate Income and Expenses of a OMB No. 1545-1186 Eorm (Rev. December 2006) Department of the Treasury Internal Revenue Service Partnership or an S Corporation - See instructions on page 2. - Attach to Form 1065, Form 1065-B, or Form 1120S. Name W F PARTNERSHIP Employer identification number 23:2904277 1 Show the kind and location of each property See page 2 to list additional properties. _ A RENTAL REAL ESTATE B C D Prope rties tal Real Estate Income R A B C ~ en 2 Gross rents 2 12 2 8 5 5 . _ _ _ _ . Rental Real Estate Expenses 3 Advertising 3 _ _ _ _. _ _ 4 Auto and travel 4 _ _ _ _ 5 Cleaning and maintenance 5 __ _.__. 6 Commissions 6 _ _ _ _ _ 7 Insurance 7 497 . _ ___ ____ .. __ 8 Legal and other professional fees 8 6 15 7 . ,., 9 Interest 9 5 8 0 2 . _ _. _ _ _ _ _ . 10 Repairs 10 4 274. _______ _... . _ _..... 11 Taxes 11 ____ _____.. ._.. i2 Utilities 12 __. __ _ _ 13 Wages and salaries 13 _ .. _ 14 Depreciation (see instructions) 14 3 7 2 0 0 . _ _ 15 Other (list) -STMT 3 3 15 16 Total expenses for each property. Add lines 3 through 15 16 5 3 9 3 3. columnsAthroughH ross rents from line 2 t Add l T 17 122 855. ._.__, _,...._ , ....__ .. _.... _...__..._._ _.. .. __ . , gross ren s. g ota 17 columns A through H enses from line 16 Add total ex es l T t 18 5 3 9 3 3 _ _ _.. ........ _ _ _... _ _ ...... _ _ _ .... _ _ _ ..... , p . expens o a 18 19 Net gain (loss) from Form 4797, Part II, line 17, from the disposition of property from rental real ctivities t t 19 _ _ _ _ _. .. _ _ . _ _ _ _ _ _ . e a es a 20a Net income (loss) from rental real estate activities from partnerships, estates, and trusts in which or S corporation is a partner or beneficiary (from Schedule K-1) artnershi thi 20a _ . _ p s p 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 17 through 20a. Enter the result here and on: or line 2 • Form 1065 or 1120S: Schedule K 1 8 9 2 2 ___ _ , , • form 1065-B: Part I line 4 f2-i3 0~ JWA For Paperwork Reduction Act Notice, see page 2 of form. Form 8825 (12-2006) W F PARTNERSHIP Fam 8825 (2007) 23-2904277 1 Show the kind and location of each property. E G Rental Real Estate Income E rro F erties G H 2 Gross rents 2 _ Rental Real Estate Expenses 3 Advertising _ _ . _ _ _ _ ... _ _. 3 ___ 4 Auto and travel __ _.. _ __ 4 5 Cleaning and maintenance _ .. _. _ 5 6 Commissions __ .__ _ _. 6 7 Insurance 7 8 Legal and other professional fees 8 9 Interest _ _ _ .. _ _ _ _ _ .. _ _ 9 10 Repairs _ _ _ _ .. _ _ . _ 10 11 Taxes 11 12 Utilities 12 13 Wages and salaries 13 14 Depreciation (see instructions) _ _ . 14 15 Other (list) - 15 16 Total expenses for each property. Add lines 3 throw h 15 .................. 16 JWA Form 8825(12-2006) 720142 12-13-07 H Q O a w z 0 O a 0 z a z O a U W a W 0 0 N w H w W H z Nw W O O L!l d~ lf'1 l0 O M O O O 01 N O 00 00 c r-1 d~ d1 L~ O Ol L!'1 N O O1 01 } ° U Lf1 N t--I N N l0 c-I L~ O ~--{ ~--I C ~' a~i ~ C~ ~ N d~ ~ ~O ~ c-I c-i ~ o r-I ~-i M ~ rn ~f j U U C/j i ~ c O O r-I QO i.c'1 M O t.f) N O N l0 Ol lp L1'1 ~ o l0 N N d1 O W 00 [~ d~ 01 Lfl N C~ M e--I ~_io d~ C~ O l0 N 00 00 O a-I M l~ N 1.f1 ~-1 L~ E~ ~ Q " °' O O N N N [~ M N d~ [~ N lf1 Ol ~M ~ ci r-I N 00 c-I N ~ c-i N N c O O N O O O L~ O M d~ O l0 01 d~ M 0 0 l0 N ri M O O ~ O .--I M d~ l0 L~ r-I 01 LL~ di L~ N i-i M l0 N O Ol 00 O 111 LCI h N N U ~ n 00 ~ l0 d~ ~ M d~ ~ c-1 O ~ M M w I.[7 c-i Lf1 lp N m a> ~ ~-.{ c-I Ol ri e--I 00 L!'1 O r-1 d+ l0 N i-I l0 N N c o.N _ y ~ U RS ~ m d o U N X ~ W m O O N O O O L~ O M d~ O l0 dl d~ M ~ ~~ l0 N rl M O O ~ O c-I M d~ l0 L~ e-I Cf1 u> m d~ L~ N c-I M lp N O Ol 00 O L[1 Ll1 C~ N ~~ 00 l0 'd~ M d~ c-I O M M Lf) r-1 Lfl lD N ~ o ~ c-I r-I ~l e-I ri 00 11l O e-I d~ lD N ~-1 l0 N N J z° lD l0 lD L~ L~ L~ L~ L~ M C`~ L~ l`~ 01 L`~ l-'~ e"~ l~ l^~ C"'I {"'~ l" ~ r" ~ ~ r" ~ c"i t"'~ ~ {"'~ O O O O O O O O O O O O ~ O O L!') O O O O O O O O O O J ~ Q O tf1 t-1 L1l lf1 Lf') Lf1 Lf) Ol Ol ltl LC1 Ol N e--i M rl ~ ci ci rl M L1l M c-I c-I M o A A A A A A A A ~ a a a 0 ~ 0 ~ 0 ~ 0 ~ 0 ~, 0 o a 0 ~ 0 ~ a C!1 U2 c-I r-I e-i ~--I r--I N ri rl C11 ~ d~ N L~ C~ L~ 00 ~--I M L~ 01 `d~ l0 01 d ~ C~ 00 00 Ol d1 01 O O Q1 (T O O ~ P' a r-I ~ -I c-~ d1 00 N 00 lf) ~--I e-I ~--i c-i ~ -I p O O O r-~1 c-I O O O O O M O O c-1 r-I C~ c-i Ol l0 dl 00 c-i t!') N c-1 L!') O O O O O O O O O i--I O O z z ~ a cW E' `" ~ ~ H n W ~ o ~ x [ ~ z H ~ w w ~ o H ~ ~ o o w z w H cn o a xa a a ~ w h H ~ U H h ~ a,~ ~ ~ ~ O ~ H cHi1 3 ~ W cn H O ~ O o H H H a O vi cn H Z ~ H H w r.~ o ~ a w "' z c~z~ ° w a ~ ~ oaC~7 Z H 7 H W Q ~ H ~ H ~ x z H H ' H ~ ~ z Z o~ Z O H ,hl, p ., F.C H H H H M [-a H O A A O h A i W ~ Z A A Z A x a a A A h away o A w a a C7wa ~ ~ ~ ~ a~ ~ H H ~Ha w ~ °~ ~ ~ Ax~ H ~ ~ 'k is N M l0 L~ M d+ Lf1 tD L~ c-i 00 No ~ ~ ~ ~ ~ ~ aZ c N O C7 c 0 U 3 a a~ 0 m U a~ E E 0 U 7 0 CO N N m a~ y 0 a N_ N N Q N ~ O mN N Q nO ..-„_..~ -^ O O ~ O ~ O p r d O M 7 v d m ~,~" U ~ _!" cr d T v ~ ~, ~ C" 6, ~'`~ O ~ W ~.. ~ ~ ~ ~.~ _ M ~ ,r1 ~ 1i'1 d d' v ~ t1 ~ ~ ~ • •c,N M W ~ ~ ~ O ~ ~ ~ l11 ay ~ r+, - tP LL? ~ N ~ M ~ ~ d' ~ m p ~,.,,,.,~ c o N + J ~ 7 .fl ~` V ~ ~~ m ~,,, cA p, ~ O ~ ' ~n 0~ ~ ~ 11't N~ ~ N ~ C ~ ~ V C... d O ~ `{ ~^I JZ ~ d d N J -te 1.t1 a ~ Q1 W " ~,,,, C ~ `' ~+ ~ od ~ ~ M '~ ~ N c~ ~ M ~ ~ ~ ~ d ~ ~ ~"~ 1S'i ~ ~ O ..-1 lT ~ r N _~.. ~ .f - ~ O ~,.,.,.,~ O ~ a a a N ~, ~ a>.= oQ d~ N ~ ~ tf1 M O ~ O ~ ~~ °~ x a aryl W o ~ - fi ~ Ep.-~ O ~ QrL't1 a ° HZ~ 0 M ° ~ A ~ z ~ A Ga ~ ~ W ~ ~ ~ ~ ~ ~ a ~ (~ aZ p O CV .~. - J M O '~ ~ ~ ~ ~ rl ~ LC1 ~ ~ ~ ~-„ N i,,...- H H ~"~ H ~ r•G W p~?C~~+ ~ ~ ~ ~ H ~ ~ Z o ~ A i~ ~ W 0~ ~W~.((~~ .J W 0 N O c 0 v O 0 N 7 s R U N U c 0 r9 m N T 0 U N '~ N Q N '~ N Q a r N NAT O W F PARTNERSHIP 23-2904277 __ SCHEDULE K NET INCOME (LOSS) FROM RENTAL REAL ESTATE STATEMENT 1 DESCRIPTION RENTAL REAL ESTATE TOTAL TO SCHEDULE K, LINE 2 68,922. AMOUNT 68,922. SCHEDULE K INTEREST INCOME STATEMENT 2 DESCRIPTION U.S. BONDS OTHER BANK INTEREST 13. TOTAL TO SCHEDULE K, LINE 5 13. OTHER RENTAL EXPENSES PROPERTY: RENTAL REAL ESTATE DESCRIPTION OFFICE SUPPLIES TOTAL TO RENTAL SCHEDULE, LINE 15 STATEMENT 3 AMOUNT 3. 3. STATEMENT(S) 1, 2, 3 00000000 •o ~ l0 d~ t0 aD M N Ill r ~ L~ Ll1 a O1 O1 V V Lf~d~L~OlOM0010000 M 0 1-iOOd~0001~f'INNOI l1l M - t!7 c-1 c-i N N l0 c-i C'~ L~ ri h LC) ~ `-° U ' ~ tt1 ~ [ N d~ Ol i-I l0 ~ e-I ~ dr Q1 V ~n~r~n~oMOrnooo 0 c c-Id~01C~001tl1N Ol O y o ~ ~ Ln N c-I N N lp r-i l~ t-i N ~ U ~ ~' C~ N d~ i-i ~ L~ 2 ~ e-i c-1 M D OL~1D010LnON01d~ N ~ tONML~00hOlln.--IM t1~ ~ Oc--IL~NOOOMC'~Oc-~ d~ ~ N N c-I N [~ M d~ h c-I 01 c-1 ~ N N 00 c-I ~ N 0 0 0 L~ O d~ O Ol d~ l0 y c-IMOOOC~OMd~t~c-1 l~ m N~--IMIDNOdOOl1'1L~ L~ o l0 d~ M dr rl O M t!1 l!7 lD O No c~ Ol i--I 00 t!1 c~ CM M v N r-I N 00 0 0 0 0 0 0 0 0 0 0 ~. ~ Lf1 0 0 0 0 0 0 0 0 0 g'~ Q J e-1 O O O Ln LC} 01 Lf1 L(') Ol MNNNc-Ir-lMi-ia--IM ~ o A AAA A A A ~y 00000 00 ¢~ u,~ninu~~nain~r,a ~~~~~~~~ L~ L~ 00 c-I M l0 01 ~ 000101010000 Ol pQ O e-i~--IOOOMO O I~ r-I Ol l0 01 00 N `-1 l11 Oc-i0000r-10 O H tC) P4 W ~ N H ~ ~ ~ n ~zE-+~ w ~ w ~ ° ~whH 0 o 4 ~°h ~ h ~O H i ~ ~ ~ Z H pr i~ r n c i~ zw~~ x~ ~ ~zo AHH " a A Oh~---~A~ ~ a cn aAAAh oAao ~ x A~~~ H H W~ p A O ~ ~ ~ LfllOL~M 1~00~00 ~ o .--I r-I r-I c-i m aZ ao o~ ~ N N Q t~ O 651107 Schedule K-1 ~nn~ ~ Final K-1 0 Amended K-1 OMB No. 1545-0099 trorm wool For calendar yeaz 2007, a tax ~"" ' Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions Credits and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 1 Ordinary business Wncome (loss) 0 , 15 Credits Credits, etC. 2 Net rental real estate income (loss) See se ante instructions. 6 $ 9 . i6 Foreign transactions Part I Information About the Partnershi 3 Other net rental income (loss) p A Partnership's employer identification number 4Guaranteed payments 23-2904277 B Partnership's name, address, city, state, and ZIP code 5lnterest income W F PARTNERSHIP 6a0rdinarydividends 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17 0 4 3 6b Qualified dividends ~ g 6 C IRS Center where partnership filed return , CINCINNATI OH 7 Royalties 18 Tax-exempt income and D ~ Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) nondeductible expenses Part II Information About the Partner 9a Net long-term capital gain (loss) E Partner's identifying number 9b Collectibles (28%) gain (loss) 19 Distributions 370. 2 0 7- 0 7- 9 0 0 8 9c Unrecaptured sec 1250 gain F Partner's name, address, city, state, and ZIP code 20 Other information 10 Net section 1231 gain (loss) WILLIAM F RITTNER 2 8 2 LOWTHER ST # 10 4 110ther income (loss) LEMOYNE PA 17043 G ®General partner or LLC 0 Limited partner or other LLC member-manager member H ®Domestic partner ~ Foreign partner 12 Section 179 deduction I What type of entity is this partner? INDIVIDUAL 130ther deductions J Partner's share of profit, loss, and capital: Beginning Ending Profit 1.0000000°~° 1.0000000% Loss 1. 0 0 0 0 0 0 0% 1. 0 0 0 0 0 0 0% 14Self-employment earnings (loss) Ca ital 1.0000000% 1.0000000% 0, K Partner's share of liabilities at year end: Nonrecourse $ __ _ .. 'See attached staternent for additional information. Qualified nonrecourse financing $ Recourse _____ __ _ ... _..___... $ 19 , 105 . L Partner's capital account analysis: Beginning capital account _ $ '] , 0 '] 4 , Capital contributed during the year _. _ _. $ Current year increase (decrease) _ _ _ _ _ $ (8 9 , Withdrawals&distributions __.,,_ $( 370 a Ending capital account _ $ 7 , 3 9 3 . ®Tax basis ~ GAAP 0 Section 704(b) book 0 Other ex lain >. O j ~ $ " JWA For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2007 711261 1231-07 W F PARTNERSHIP 23-2904277 SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION AMOUNT TOTALS RENTAL REAL ESTATE INCOME {LOSS) 689. SCHEDULE K-1 INCOME SUBTOTAL TOTAL TO SCHEDULE K-1, ITEM L 689. 689. PARTNER NUMBER 1 65117 AAA7 f I ci~al u_~ n Amendari K-i OMR No_ 1545-0099 (Form 1065) For calendar year 2007, or tax Y V Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions Credits and Other Items Internal Revenue Service ending Deductions, Partner's Share of Income f Ordinary business income (loss) 0 . 15 Credits , etC Credits 2 Net rental real estate income (loss) . , See se orate instructions. 1 3 7 9 . 16 Foreign transactions 3 Other net rental income (loss) Part I Information About the Partnership A Partnership's employer identification number 4 Guaranteed payments 23-2904277 and ZIP code state address city 's name B Partnershi 5lnterest income , , , , p W F PARTNERSHIP 6a0rdinarydividends 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17 0 4 3 6b Qualified dividends <191. C IRS Center where partnership filed return CINCINNATI OH 7 Royalties 18 Tax-exempt income and D 0 Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) nondeductible expenses 9a Net long-term capiC~l gain Goss) Part II Information About the Partner E Partner's identifying number 9b Collectibles (28%j gain (loss) 19 Distributions 740. 181- 3 8 - 8 719 9c Unrecaptured sec 1250 gain and ZIP code state city address F Partner's name 20 Other information , , , , 10 Net section 1231 gain (loss) JANET RITTNER YOUNG 4 7 7 5 AUGUSTA DR 1 t Other income (loss) MECHANISBURG PA 17050 G ®General partner or LLC [~ Limited partner or other LLC member-manager member H ®Domestic partner 0 Foreign partner 12Section 179 deduction I What type of entity is this partner? INDIVIDUAL 130ther deductions loss and capital: J Partner's share of profit , , Beginning Ending Profit 2.0000000°i° 2.0000000°~° Loss 2. 0 0 0 0 0 0 0% 2.0 0 0 0 0 0 0% 14Self-employment earnings {loss) Ca ital 2.0000000% 2.0000000°~° 0. K Partner's share of liabilities at year end: Nonrecourse $ 'See attached staternent for additional information. _ _ _ _ _. _ _ .. _ _ Qualified nonrecourse financing _ _. $ Recourse _ _ _ _ _ _ $ 3 8 , 210 . L Partner's capital account analysis: Beginning capital account _ _ . _. . _ _ _. _ $ 11 , 6 2 3 . Capital contributed during the year _ _ _ $ Current year increase (decrease) _ $ 1 , 3 7 9 . Withdrawals& distributions __.___.,, ___ . .._ $( 740 a Ending capital account _ _ _ $ 12 , 2 6 2 . ®Tax basis ~ GAAP 0 Section 704(b) book C] Other (explain) -'~ c ~ ~ ~ $ " JWA For Paperwortc Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (form 1065) 2007 711261 1231-07 W F PARTNERSHIP ~~-29n4277 SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION RENTAL REAL ESTATE INCOME (LOSS) SCHEDULE K-1 INCOME SUBTOTAL TOTAL TO SCHEDULE K-1, ITEM L AMOUNT TOTALS 1,379. 1,379. 1,379. PARTNER NUMBER 2 651107 Schedule K-1 ~nn~ n Final K-1 n Amended K-1 OMB No. 1545-0099 (Form 1065) For calendar year 2007, a tax ~~~ ~ Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions Credits and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 10rdinary business income (loss) 0 . 15 Credits Credits, etC. 2 Net rental real estate income (loss) See se crate instructions. 3 3 0 8 2 . 16 Foreign transactions 30ther net rental income (loss) Part I Information About the Partnership A Partnership's employer identification number 4 Guaranteed payments 23-2904277 B Partnership's name, address, city, state, and ZIP code 5lnterest income 7. W F PARTNERSHIP 6a0rdinarydividends 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17 0 4 3 6b Qualified dividends <4 5 8 5 . C IRS Center where partnership filed return CINCINNATI OH 7 Royalties 18 Tax-exempt income and D ~ Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) nondeductible expenses P rt II I f ti Ab t th P rt 9a Net long-term capital gain (loss) n orma on ou ner a e a ~-- E Partner's identifying number 9b Collectibles (28%) gain (lass) 19 Distributions 17 760. 2 5 - 6 5 7 416 5 9c Unrecaptured sec 1250 gain F Partner's name, address, city, state, and ZIP code _ 20 Other information 10 Net section 1231 gain (loss) 7 . WILLIAM RITTNER IRREVOCABLE TRUST 2 8 2 LOWTHER ST # 10 4 110ther income (loss) LEMOYNE PA 17043 G 0 General partner or LLC ®Limited partner or other LLC member-manager member H ®Domestic partner ~ Foreign partner 12 Section 179 deduction I What type of entity is this partner? TRUST 130ther deductions J Partner's share of profit, loss, and capital: Beginning Ending Profit 48.0000000°i° 48.0000000°r° Loss 4 8. 0 0 0 0 0 0 0 %, 4 8.0 0 0 0 0 0 0% 14Self-employment earnings (loss) ca ital 48.0000000% 48.0000000% K Partner's share of liabilities at year end: Nonrecourse _ _. _ _. _ _ $ 'See attached statement for additional information. Qualified nonrecourse financing _ _ _. $ Recourse $ Q , L Partner's capital account analysis: Beginning capital account $ 2 0 $ , $ 0 4 , Capital contributed during the year _ $ Current year increase (decrease) _ _ _ . _..... $ 3 3 , 0 8 9 . Withdrawals&tlistributions _ .,.___.,_ , $( 17 , 760 a Ending capital account __ ___ $ 224,133. ®Tax basis 0 GAAP 0 Section 704(b) book 0 Other ex lain ?~ c ~ ~ ~ $ " JWA For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2007 711261 1231-07 W F PARTNERSHIP 23-2904277 SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION AMOUNT RENTAL REAL ESTATE INCOME (LOSS) 33,082. INTEREST INCOME 7. SCHEDULE K-1 INCOME SUBTOTAL TOTAL TO SCHEDULE K-1, ITEM L TOTALS 33,089. 33,089. PARTNER NUMBER 3 651107 Schedule K-1 ~nn~ ~ Final K-1 0 Amended K-1 OMB No. 1545-0099 (Form 1065) Fa calendar year 2007, a tax ~~~ ~ Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions Credits and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 10rdinary business income (loss) 0 . 15 Credits Credits, etC. 2 Net rental real estate income (loss) See se state instructions. 3 3 0 8 3 . 16 Foreign transactions P 1 I f i Ab h P 30ther net rental income (loss) art n ormat on out t artnership e A Partnership's employer identification number 4Guaranteed payments 23-2904277 B Partnership's name, address, city, state, and ZIP code 5lnterest income 6. W F PARTNERSHIP 6a0rdinarydividends 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17 0 4 3 6b0ualified dividends <4 5 8 5. C IRS Center where partnership filed return CINCINNATI OH 7 Royalties 18 Tax-exempt income and D 0 Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) nondeductible expenses P rt II Inf r ti Ab t th P rt 9aNet long-term capital gain (loss) a o ma on ou e a ner E Partner's identifying number 9b Collectibles (28%) gain (loss) 19 Distributions 17 760. 2 5- 6 5 7 5 5 0 3 9c Unrecaptured sec 1250 gain F Partner's name, address, city, state, and ZIP code 20 Other information 10 Net section 1231 gain (loss) 6 . FRANCES RITTNER IRREVOCABLE TRUST 2 8 2 LOWTHER ST # 10 4 110ther income (loss) LEMOYNE PA 17043 G ~ General partner or LLC ®Limited partner or other LLC member-manager member _ H ®Domestic partner ~ Foreign partner 12 Section 179 deduction I What type of entity is this partner? TRUST 130ther deductions J Partner's share of profit, loss, and capital: Beginning Ending Profit 48.0000000% 48.0000000% Loss 4 8. 0 0 0 0 0 0 0% 4 8.0 0 0 0 0 0 0% 14Self-employment earnings (loss) Ca ital 48.0000000% 48.0000000% K Partner's share of liabilities at year entl: Nonrecourse $ *See attached statement for additional information. Qualified nonrecourse financing _ $ Recourse $ 0 L Partner's capital account analysis: Beginning capital account __ ____. $ 225,197. Capital contributed during the year _. _ _ _ _ _. $ Current year increase (decrease) _. _ _ ..._..._ $ 3 3 , 0 8 9 . Withdrawals&distributions .__ _ _„ _____ .. $( 17 , 760 a Ending capital account _ _ _. _ _ $ 2 4 0 , 5 2 6 . ®Tax basis ~ GAAP 0 Section 704(b) book 0 Other ex lain ?~ c ~ ~ ~ o " JWA For Paperwork Reduction Act Notice, see Instructions for Form 1065. Schedule K-1 (Form 1065) 2007 7ii2s~ 12-31-07 v . W F PARTNERSHIP 23-2904277 SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION RENTAL REAL ESTATE INCOME (LOSS) INTEREST INCOME SCHEDULE K-1 INCOME SUBTOTAL TOTAL TO SCHEDULE K-1, ITEM L AMOUNT 33,083. 6. TOTALS 33,089. 33,089. PARTNER NUMBER 4 6s11o~ Schedule K-1 'nn7 [~ Final K-1 0 Amended K-1 OMB No. 1545-0099 trurm tvoa~ For calendar yeaz 2007, a tax """ ' Department of the Treasury year beginning Part III Partner's Share of Current Year Income, Deductions Credits and Other Items Internal Revenue Service ending Partner's Share of Income, Deductions, 10rdinary business income (loss) 0 , 15 Credits CredltS, etC. 2 Net rental real estatE> income (loss) See se ante instructions. 6 8 9 . 16 Foreign transactions Part I Information About the Partnershi 30ther net rental income (loss) p A Partnership's employer identification number 4 Guaranteed payments 23-2904277 B Partnership's name, address, city, state, and ZIP code 5lnterest income W F PARTNERSHIP sa0rdinarydividentls 2 8 2 LOWTHER ST # 10 4 17 Alternative min tax (AMT) items LEMOYNE PA 17043 6b0ualifieddividends X96 C IRS Center where partnership filed return , CINCINNATI OH 7 Royalties 18 Tax-exempt income and D 0 Check if this is a publicly traded partnership (PTP) 8 Net short-term capital gain (loss) nondeductible expenses Part li Information About the Partner 9a Net long-term capital gain (loss) E Partner's identifying number 9b Collectibles (28%) gain (loss) 19 Distributions 370. 2 6- 617 5 9 6 0 9c Unrecaptured sec 12Ei0 gain F Partner's name, address, city, state, and ZIP code 20 Other information iONeisection 1231 gain (loss) FRANCES RITTNER ESTATE 2 8 2 LOWTHER ST # 10 4 110ther income (loss) LEMOYNE PA 17043 G ®General partner or LLC 0 Limited partner or other LLC member-manager member H ®Domestic partner ~ Foreign partner 12 Section 179 deduction I What type of entity is this partner? ESTATE 130ther deductions J Partner's share of profit, loss, and capital: Beginning Ending Profit 1.0000000°~° 1.0000000°1° Loss 1. 0 0 0 0 0 0 0% 1. 0 0 0 0 0 0 0% 14Self-employment earnings (loss) ca ital 1.0000000% 1.0000000°~° K Partner's share of liabilities at year end; Nonrecourse $ 'See attached statement for additional information. Qualified nonrecourse financing $ Recourse _ _ __. _. _ $ 19.105. L Partner's capital account analysis: Beginning capital account __ ___ $ '7 , 0'7C , Capital contributed during the year _ _ _ $ Current year increase (decrease) _.__ _ $ 6 8 9 . Withdrawals & distributions . _ _ $( 3 7 0 a Ending capital account _ _ $ '7 , 3 9 5 , ®Tax basis [~ GAAP [~ Section 704(b) book [~ Other ex lain a c O m ~ ~ o " JWA For Paperwork Reduction Act Notice, see Instructions for Form 1065_ Schedule K-1 {Form 1065) 2007 ~titzsi 12-37-07 ~ ~, W F PARTNERSHIP 23-2904277 SCHEDULE K-1 CURRENT YEAR INCREASES (DECREASES) DESCRIPTION RENTAL REAL ESTATE INCOME (LOSS) SCHEDULE K-1 INCOME SUBTOTAL TOTAL TO SCHEDULE K-1, ITEM L AMOUNT TOTALS 689. 689. 689. PARTNER NUMBER 5 ~r ? SusquehAnn~ December 26, 2007 Dean A. Weidner, Esquire Attn: Denise B. Williamson P.O. Box 845 Harrisburg, PA 17108-0845 RE: Frances M. Rittner Estate SS#: 195-07-5879 DOD: November 5, 2007 To Whom It May Concern: Susquehanna Bank PA 26 North Cedar Street P.O. Box 1000 Lititz, PA 17543-7000 Toll free 800.311.3182 In response to your letter of December 19, 2007, here is the above customer account information as of November 5, 200?. • Account Title: • Account Type1# Account #1 William F Rittner Frances M Rittner Account #2 Frances Rittner Trust Account Janet Rittner Trustee Itathleen Rittner Trustee C;kg14601804709 6104101 .30°l0 2,080.47 .07 Ckg/4600250309 • Date Opened /Maturity Date: 3/24101 • Interest Rate: 1.98% • Account Balance*: 6,004.27 • Accrued Interest: 3.31 • YTD Interest: 79.07 16.69 *Account balance does not include accrued interest. According to bank records, Frances was not an owner on account # 4601610409. Now by merger, Community Bank became Susquehanna Bank PA on 11/19107. There is no safe deposit box in the name of this decedent. If I can be of further assistance, please feel free to call. Sincerely , ~y , % Janet M. Peters ~ Support Services Supervisor 1-717-625-6295 JMP/ljr WIX, WENGER &WEIDNER A PROFESSIONAL CORPORATION RICHARD H. WIX ATTORNEYS AT LAW DEAN A. WEIDNER STEVEN C. WILDS 508 NORTH SECOND STREET THERESA L. SHADE WIX' POST OFFICE BOX 845 DAVID R. GETZ HARRISBURG PENNSYLVANIA 17108-0845 STEPHEN J. DZURANIN , JEFFREY C. CLARK _ PETER G. HOWLAND (717)234-4182 ' FAX (717) 234-4224 Also Member Massachusetts Bar www.wwwpalaw.com August 5, 2008 THOMAS L. WENGER ROBERT C. SPITZER Of Counsel Suburban Office: 4705 DUKE STREET HARRISBURG, PA 17109-3041 (7i7>ss2-sass Ms. Glenda Farner Strasbaugh c~ Register of Wills `=-~ ~ - Cumberland County Courthouse '' ~-~ u One Courthouse Square -'• ~-~ ~;.., - Carlisle, PA 17013-3387 = ~ r - _ _, Re: Estate of Frances M. Rittner =_ .. Estate File No. 21-07-1155 >> o Our File No. 7480-14766 Dear Ms. Strasbaugh: We enclose the following documents for filing on behalf of the above-captioned estate: 1. The original and one copy of the Inheritance Tax Return; 2. Our client's check in the amount of $4,229.55 made payable to "Register of Wills, Agent," representing the additional tax due; 3. The original and one copy of the Inventory; and 4. Our check in the amount of $80.00, made payable to the "Register of Wills," representing the $50.00 additional probate fee due, the $15.00 tax return filing fee, and the $15.00 Inventory filing fee. Please process these documents at your earliest convenience and return time- stamped copies of the tax return and Inventory to our office. WIX, WENGER &WEIDNER Ms. Glenda Farner Strasbaugh August 5, 2008 Page 2 Thank you for your assistance in this matter. If you have any questions regarding the above, please call me. Sincerely, WIX, WEIy,GER &WEIDNER //~ ? ~~~ ~~ By: ; D ise B. Williamson Paralegal /dbw Enclosures cc: Ms. Janet Young Ms. Kathleen Rittner Dean A. Weidner, Esquire INVENTORY REGISTER OF WILLS OFCUMBERLAND COUNTY, PENNSYLVANIA COMMONWEALTH OF PENNSYLVAN]A ~ SS COUNTY OF CUMBERLAND File Number ? 1 ~~ ~" Personal Representative(s) of the Estate of FRANCES M. RITTNER ~" deceased, depose(s) and say(s) that the items appearing in the following inventory include aIl of the persons assts wlever'situate -. and all of the real estate in the Commonwealth of Pennsylvania of said Decedent, that the valuation placed:oppQ~tte ea¢h items of said inventory represents its fair value as of the date of the decedent's death, and that Decedent owned no real e$f~f~outstde of the; Commonwealth of Pennsylvania except that which appears in a memorandum at the end of this inventory. ' ~ ,~; -r [ verify that the statements made in this Inven- _ - ` ^'~ ~ tory are true and correct. I understand that false state- G ~ ments herein are made subject to the penalties of JAN R. YOUNG, CO-E CUTOR 18 Pa. C.S. § 4904 relating to unsworn falsification to authorities. Attorney -- (Nome) DEAN A . WEIDNER, ESQ . (Supreme CourtLD. No.) 06363 (Address) 508 NORTH SECOND STREET ('Telephone) 717 2 3 4 418 2 HARRISBURG PA 17108 DATE OF DEATH LAST RESIDENCE DECEDENT'S SOC. SEC. NO. 4775 AUGUSTA DRIVE 11/5/2007 MECHANICSBURG PA 17050 195075879 FIGURES MUST BE TOTALED 1% GENERAL PARTNERSHIP INTEREST IN WF PARTNERSHIP 17,872.63 ORDINARY HOUSEHOLD GOODS AND CLOTHING 200.00 30% TENANT IN COMMON INTEREST IN REAL ESTATE SITUATE AT 426 SOUTH THIRD STREET, LEMOYNE AND 282 LOWTHER STREET, LEMOYNE, CUMBERLAND COUNTY, PA (TWO PARCELS TAXED ON ONE TAX BILL) TAX PARCEL NO. 12-22-0822-2288 (FMV = $1,006,390.20) 30% TENANT IN COMMON INTEREST IN REAL ESTATE SITUATE AT 428 SOUTH THIRD STREET X), LEMOYNE, CUMBERLAND COUNTY, PA TAX PARCEL NO. 12-22-09022-228A (FMV = $669,889.80) (Attach additional sheets as needed) 301,917.06 200,966.94 NOTF{: The Mernorandum of real estate outside the Commonwealth of Pennsylvania may, at the election of the personal representative include the value of each item, but such figures should not be extended into the total of the Inventory. (See 20 Pa. C.S. § 3301(b,l) 07 1155 520,956.63 Form RW-09 rev. 10.13.06 -~cJdls~d ~'~;'E t _t ~ 5 E p ~ ,~ N ~ 'c' LL 1 ~, o Ln tC? ~, d ~ ~ ~ ~ `o ~ 2~~15"`jH a~ N ~ ~ ~ ~ W ° ~ ~ (~- ~+ ~ N ~ N dJ O t*? ~ V ~ N ~ N ~ °~ f Z `~' % i N O N r ~,Fr, ~ J ~ N ~ ~ N W~2Gp =,,rs,c,~ ~ ~ ~rn~~U ~ z ~~vQ Y