Schedule M-2 Partnerships

M C BUILDING & DESIGN

Partnership ID#

68-0479115

(NAME OF PARTNERSHIP)

SCHEDULE M-2 NAME

%

Year Ended Analysis of Partner's Capital Account:

2006

(a) Capital account at (b) Capital contributed (c) Partner's share of lines(d) Withdrawals and (e) Capital Account beginning of year during year3, 4, & 7, Form l065, Sch M-2 Distributions @ Year End (Ord Income Per Books) (Subtract) columns (a) through (d)

column I

column J

column K

column L

column M

Ordinary Income per Books = column A A) MICHAEL COMSTOCK

45.00%

($50,754.00)

$34,534.40

($71,375.97)

($87,595.57)

B) CHRISTINE COMSTOCK

45.00%

($50,724.00)

$34,534.40

($71,375.94)

($87,565.54)

C) RYAN COMSTOCK

10.00%

($10,160.00)

$7,674.31

($1,850.27)

($4,335.96)

Partners' share column K = Ordinary Income per Books column A Column L = All Drawing Accounts

D)

$

$

$

$

E)

$

$

$

$

F)

$

$

$

$

($111,638.00)

$0.00

$76,743.11

($144,602.18)

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($179,497.07)

Non-Deductible Expenses and Ordinary Income NAME

%

Ordinary Income Per Books (+)

Expenses 50% Meals (+)

column A

Health Insurance / Other (+)

column B

Net Earnings Per Return (=)

column C

column D

Sec 179 Depreciation (+)

Ordinary Income Per Return (=)

column E

column F

Guaranteed Payments (+)

Self Employment Earnings (=)

column G

column H

A) MICHAEL COMSTOCK

45.00%

$34,534.40

$1,574.03

$

$36,108.43

$

$36,108.43

$36,108.43

B) CHRISTINE COMSTOCK

45.00%

$34,534.40

$1,574.03

$

$36,108.43

$

$36,108.43

$36,108.43

C) RYAN COMSTOCK

10.00%

$7,674.31

$349.78

$

$8,024.09

$

$8,024.09

D)

$

$

$

$

$

E)

$

$

$

$

$

F)

$

$

$

$

$

$76,743.11

$3,497.84

$0.00

E:\My Docs\WorkSheets\Schedule M-2\Schedule M-2.xls

$80,240.95

$0.00

$80,240.95

$63,428.00

$63,428.00

$71,452.09

$143,668.95

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Ordinary Income per Books = column A

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E:\My Docs\WorkSheets\Schedule M-2\Schedule M-2.xls

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