| |
Total |
PROJECT |
Developer |
Lender |
Investor |
Other |
Public |
Secondary Lender |
ADJUSTMENT |
| PARTNERSHIP BASIS BEFORE SALE |
|
|
|
|
|
|
|
|
|
| Investment |
5128203 |
|
3 |
|
5128200 |
|
|
|
|
| Costs Exp.During Const. |
|
|
|
|
|
|
|
|
|
| Tax Losses |
-2904280 |
|
-29043 |
|
-2875238 |
|
|
|
|
| Cash Distributions |
-706277 |
|
-7063 |
|
-699214 |
|
|
|
|
| Resulting Basis |
1517646 |
|
-36103 |
|
1553748 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| EFFECT ON BASIS OF SALE |
|
|
|
|
|
|
|
|
|
| Proceeds of Sale (gross) |
10171563 |
10171563 |
|
|
|
|
|
|
|
| Orig. Cost & Capital Replcmnt |
-10171563 |
-10171563 |
|
|
|
|
|
|
|
| Costs Expensed During Const |
|
|
|
|
|
|
|
|
|
| Non-Cash Charges |
3584051 |
3584051 |
|
|
|
|
|
|
|
| Resulting Gain |
3584051 |
3584051 |
|
|
|
|
|
|
|
| Dist.of Gain to Partners |
3584051 |
|
35841 |
|
3548211 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Resulting Basis |
5101697 |
|
-262 |
|
5101959 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Final Cash Distribution |
-5101716 |
|
-51017 |
|
-5050699 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Final Basis |
-19 |
|
-51279 |
|
51260 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Combined Capital Gain |
3584070 |
|
87120 |
|
3496950 |
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
| Est. Tax Liability |
1188963 |
|
|
|
1188963 |
|
|
|
|
| Add'l Tax for Acc. Dep. |
|
|
|
|
|
|
|
|
|
|
