| |
Total |
PROJECT |
Developer |
Lender |
Investor |
Other |
Public |
ADJUSTMENT |
| PARTNERSHIP BASIS BEFORE SALE |
|
|
|
|
|
|
|
|
| Investment |
26131000 |
-2439244 |
22070244 |
|
6500000 |
|
|
|
| Costs Exp.During Const. |
-50000 |
|
-50000 |
|
|
|
|
|
| Tax Losses |
-32798366 |
|
-327984 |
|
-32470383 |
|
|
|
| Cash Distributions |
|
|
|
|
|
|
|
|
| Resulting Basis |
-6717366 |
-2439244 |
21692260 |
|
-25970383 |
|
|
|
| |
|
|
|
|
|
|
|
|
| EFFECT ON BASIS OF SALE |
|
|
|
|
|
|
|
|
| Proceeds of Sale (gross) |
47932000 |
47932000 |
|
|
|
|
|
|
| Orig. Cost & Capital Replcmnt |
-26131000 |
-26131000 |
|
|
|
|
|
|
| Costs Expensed During Const |
|
|
|
|
|
|
|
|
| Non-Cash Charges |
11095127 |
11095127 |
|
|
|
|
|
|
| Resulting Gain |
32896127 |
32896127 |
|
|
|
|
|
|
| Dist.of Gain to Partners |
32896127 |
|
16448063 |
|
16448063 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Resulting Basis |
28618005 |
|
38140324 |
|
-9522319 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Final Cash Distribution |
-31057249 |
|
-24509488 |
|
-6547761 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Final Basis |
-2439244 |
|
13630836 |
|
-16070080 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Combined Capital Gain |
35335371 |
|
2817228 |
|
32518143 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Est. Tax Liability |
9105080 |
|
|
|
9105080 |
|
|
|
| Add'l Tax for Acc. Dep. |
|
|
|
|
|
|
|
|
|
