| |
Total |
PROJECT |
Developer |
Lender |
Investor |
Other |
Public |
Secondary Lender |
Underwriter/Syndctr |
ADJUSTMENT |
| PARTNERSHIP BASIS BEFORE SALE |
|
|
|
|
|
|
|
|
|
|
| Investment |
2384992 |
|
|
|
2384992 |
|
|
|
|
|
| Costs Exp.During Const. |
-5760 |
|
-58 |
|
-5702 |
|
|
|
|
|
| Tax Losses |
-394710 |
|
-3947 |
|
-390763 |
|
|
|
|
|
| Cash Distributions |
-1002836 |
|
-10028 |
|
-992808 |
|
|
|
|
|
| Resulting Basis |
981685 |
|
-14033 |
|
995718 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| EFFECT ON BASIS OF SALE |
|
|
|
|
|
|
|
|
|
|
| Proceeds of Sale (gross) |
5488629 |
5488629 |
|
|
|
|
|
|
|
|
| Orig. Cost & Capital Replcmnt |
-5954726 |
-5954726 |
|
|
|
|
|
|
|
|
| Costs Expensed During Const |
|
|
|
|
|
|
|
|
|
|
| Non-Cash Charges |
2910977 |
2910977 |
|
|
|
|
|
|
|
|
| Resulting Gain |
2444880 |
2444880 |
|
|
|
|
|
|
|
|
| Dist.of Gain to Partners |
2444880 |
|
24449 |
|
2420432 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Resulting Basis |
3426565 |
|
10415 |
|
3416150 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Final Cash Distribution |
-3426564 |
|
-34266 |
|
-3392298 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Final Basis |
2 |
|
-23850 |
|
23852 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Combined Capital Gain |
2444879 |
|
48299 |
|
2396580 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Est. Tax Liability |
814837 |
|
|
|
814837 |
|
|
|
|
|
| Add'l Tax for Acc. Dep. |
|
|
|
|
|
|
|
|
|
|
|
