| |
Total |
PROJECT |
Developer |
Lender |
Investor |
Other |
Public |
ADJUSTMENT |
| PARTNERSHIP BASIS BEFORE SALE |
|
|
|
|
|
|
|
|
| Investment |
6880 |
|
1880 |
|
5000 |
|
|
|
| Costs Exp.During Const. |
|
|
|
|
|
|
|
|
| Tax Losses |
-29372 |
|
-29372 |
|
|
|
|
|
| Cash Distributions |
-23514 |
|
-5879 |
-11757 |
-5879 |
|
|
|
| Resulting Basis |
-46006 |
|
-33370 |
-11757 |
-879 |
|
|
|
| |
|
|
|
|
|
|
|
|
| EFFECT ON BASIS OF SALE |
|
|
|
|
|
|
|
|
| Proceeds of Sale (gross) |
56160 |
56160 |
|
|
|
|
|
|
| Orig. Cost & Capital Replcmnt |
-49000 |
-49000 |
|
|
|
|
|
|
| Costs Expensed During Const |
|
|
|
|
|
|
|
|
| Non-Cash Charges |
58180 |
58180 |
|
|
|
|
|
|
| Resulting Gain |
65340 |
65340 |
|
|
|
|
|
|
| Dist.of Gain to Partners |
65340 |
|
16335 |
32670 |
16335 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Resulting Basis |
19335 |
|
-17035 |
20913 |
15457 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Final Cash Distribution |
-19335 |
|
-4994 |
-6227 |
-8114 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Final Basis |
|
|
-22029 |
14686 |
7343 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Combined Capital Gain |
65340 |
|
38364 |
17984 |
8992 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Est. Tax Liability |
9591 |
|
9591 |
|
|
|
|
|
| Add'l Tax for Acc. Dep. |
16195 |
|
16195 |
|
|
|
|
|
|
