| |
Total |
PROJECT |
Developer |
Lender |
Investor |
Other |
Public |
Secondary Lender |
Underwriter/Syndctr |
ADJUSTMENT |
| PARTNERSHIP BASIS BEFORE SALE |
|
|
|
|
|
|
|
|
|
|
| Investment |
3416689 |
|
351689 |
|
3065000 |
|
|
|
|
|
| Costs Exp.During Const. |
|
|
|
|
|
|
|
|
|
|
| Tax Losses |
-2079503 |
|
-20795 |
|
-2058708 |
|
|
|
|
|
| Cash Distributions |
-89680 |
|
-897 |
|
-88783 |
|
|
|
|
|
| Resulting Basis |
1247507 |
|
329997 |
|
917509 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| EFFECT ON BASIS OF SALE |
|
|
|
|
|
|
|
|
|
|
| Proceeds of Sale (gross) |
5490424 |
5490424 |
|
|
|
|
|
|
|
|
| Orig. Cost & Capital Replcmnt |
-5956521 |
-5956521 |
|
|
|
|
|
|
|
|
| Costs Expensed During Const |
|
|
|
|
|
|
|
|
|
|
| Non-Cash Charges |
3247851 |
3247851 |
|
|
|
|
|
|
|
|
| Resulting Gain |
2781754 |
2781754 |
|
|
|
|
|
|
|
|
| Dist.of Gain to Partners |
2781754 |
|
768421 |
|
2013333 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Resulting Basis |
4029261 |
|
1098419 |
|
2930842 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Final Cash Distribution |
-4029261 |
|
-1127397 |
|
-2901864 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Final Basis |
|
|
-28978 |
|
28978 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Combined Capital Gain |
2781754 |
|
797399 |
|
1984355 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
| Est. Tax Liability |
674681 |
|
|
|
674681 |
|
|
|
|
|
| Add'l Tax for Acc. Dep. |
|
|
|
|
|
|
|
|
|
|
|
