| |
Total |
PROJECT |
Developer |
Lender |
Investor |
Other |
Public |
ADJUSTMENT |
| PARTNERSHIP BASIS BEFORE SALE |
|
|
|
|
|
|
|
|
| Investment |
1695318 |
|
588533 |
|
500000 |
606785 |
|
|
| Costs Exp.During Const. |
|
|
|
|
|
|
|
|
| Tax Losses |
557046 |
|
292412 |
|
264634 |
|
|
|
| Cash Distributions |
-836774 |
|
-300209 |
|
-536565 |
|
|
|
| Resulting Basis |
1415589 |
|
580735 |
|
228069 |
606785 |
|
|
| |
|
|
|
|
|
|
|
|
| EFFECT ON BASIS OF SALE |
|
|
|
|
|
|
|
|
| Proceeds of Sale (gross) |
3048160 |
3048160 |
|
|
|
|
|
|
| Orig. Cost & Capital Replcmnt |
-2807571 |
-2807571 |
|
|
|
|
|
|
| Costs Expensed During Const |
|
|
|
|
|
|
|
|
| Non-Cash Charges |
222682 |
222682 |
|
|
|
|
|
|
| Resulting Gain |
463271 |
463271 |
|
|
|
|
|
|
| Dist.of Gain to Partners |
463271 |
|
259303 |
|
203969 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Resulting Basis |
1878860 |
|
840038 |
|
432037 |
606785 |
|
|
| |
|
|
|
|
|
|
|
|
| Final Cash Distribution |
-1878860 |
|
-1051638 |
|
-827223 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Final Basis |
|
|
-211600 |
|
-395185 |
606785 |
|
|
| |
|
|
|
|
|
|
|
|
| Combined Capital Gain |
463271 |
|
470902 |
|
599154 |
-606785 |
|
|
| |
|
|
|
|
|
|
|
|
| Est. Tax Liability |
214546 |
|
94416 |
|
120130 |
|
|
|
| Add'l Tax for Acc. Dep. |
|
|
|
|
|
|
|
|
|
