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Executive Plaza (Pre-Construction)

Schedule O: Tax Liability on Residual Values

by participant

  Total PROJECT Developer Lender Investor Other Public ADJUSTMENT
PARTNERSHIP BASIS BEFORE SALE                
Investment 952873   410051   542822      
Costs Exp.During Const. -6485   -3242   -3242      
Tax Losses -1515179   -757590   -757590      
Cash Distributions -981534   -490767   -490767      
Resulting Basis -1550324   -841548   -708777      
                 
EFFECT ON BASIS OF SALE                
Proceeds of Sale (gross) 6,636,599 6,636,599            
Orig. Cost & Capital Replcmnt -3599515 -3599515            
Costs Expensed During Const                
Non-Cash Charges 1,954,753 1,954,753            
Resulting Gain 4,991,837 4,991,837            
Dist.of Gain to Partners 4,991,837   2,495,918   2,495,918      
                 
Resulting Basis 3,441,513   1,654,371   1,787,142      
                 
Final Cash Distribution -3441513   -1654371   -1787142      
                 
Final Basis                
                 
Combined Capital Gain 4,991,837   2,495,918   2,495,918      
                 
Est. Tax Liability 499184       499184      
Add'l Tax for Acc. Dep. 310388       310388      


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