| |
Total |
PROJECT |
Developer |
Lender |
Investor |
Other |
Public |
Secondary Lender |
ADJUSTMENT |
| PARTNERSHIP BASIS BEFORE SALE |
|
|
|
|
|
|
|
|
|
| Investment |
442399 |
|
442399 |
|
|
|
|
|
|
| Costs Exp.During Const. |
|
|
|
|
|
|
|
|
|
| Tax Losses |
-106242 |
|
836424 |
|
|
|
|
-942667 |
|
| Cash Distributions |
-689231 |
|
-689231 |
|
|
|
|
|
|
| Resulting Basis |
-353075 |
|
589592 |
|
|
|
|
-942667 |
|
| |
|
|
|
|
|
|
|
|
|
| EFFECT ON BASIS OF SALE |
|
|
|
|
|
|
|
|
|
| Proceeds of Sale (gross) |
5,703,600 |
5,703,600 |
|
|
|
|
|
|
|
| Orig. Cost & Capital Replcmnt |
-3089592 |
-3089592 |
|
|
|
|
|
|
|
| Costs Expensed During Const |
|
|
|
|
|
|
|
|
|
| Non-Cash Charges |
942667 |
942667 |
|
|
|
|
|
|
|
| Resulting Gain |
3,556,675 |
3,556,675 |
|
|
|
|
|
|
|
| Dist.of Gain to Partners |
3,556,675 |
|
2,372,302 |
|
|
|
|
1,184,373 |
|
| |
|
|
|
|
|
|
|
|
|
| Resulting Basis |
3,203,600 |
|
2,961,894 |
|
|
|
|
241706 |
|
| |
|
|
|
|
|
|
|
|
|
| Final Cash Distribution |
-3203600 |
|
-2136801 |
|
|
|
|
-1066799 |
|
| |
|
|
|
|
|
|
|
|
|
| Final Basis |
|
|
825093 |
|
|
|
|
-825093 |
|
| |
|
|
|
|
|
|
|
|
|
| Combined Capital Gain |
3,556,675 |
|
1,547,209 |
|
|
|
|
2,009,466 |
|
| |
|
|
|
|
|
|
|
|
|
| Est. Tax Liability |
401893 |
|
|
|
|
|
|
401893 |
|
| Add'l Tax for Acc. Dep. |
|
|
|
|
|
|
|
|
|
|
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