| |
Total |
PROJECT |
Developer |
Lender |
Investor |
Other |
Public |
ADJUSTMENT |
| PARTNERSHIP BASIS BEFORE SALE |
|
|
|
|
|
|
|
|
| Investment |
5393025 |
|
-804399 |
|
6197424 |
|
|
|
| Costs Exp.During Const. |
|
|
|
|
|
|
|
|
| Tax Losses |
-5431147 |
|
|
|
-5431147 |
|
|
|
| Cash Distributions |
|
|
|
|
|
|
|
|
| Resulting Basis |
-38122 |
|
-804399 |
|
766277 |
|
|
|
| |
|
|
|
|
|
|
|
|
| EFFECT ON BASIS OF SALE |
|
|
|
|
|
|
|
|
| Proceeds of Sale (gross) |
3438123 |
3438123 |
|
|
|
|
|
|
| Orig. Cost & Capital Replcmnt |
-7600000 |
-7600000 |
|
|
|
|
|
|
| Costs Expensed During Const |
|
|
|
|
|
|
|
|
| Non-Cash Charges |
4200000 |
4200000 |
|
|
|
|
|
|
| Resulting Gain |
38123 |
38123 |
|
|
|
|
|
|
| Dist.of Gain to Partners |
38123 |
|
|
|
38123 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Resulting Basis |
1 |
|
-804399 |
|
804400 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Final Cash Distribution |
-1 |
|
|
|
-1 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Final Basis |
|
|
-804399 |
|
804399 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Combined Capital Gain |
38123 |
|
804399 |
|
-766276 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Est. Tax Liability |
-260534 |
|
|
|
-260534 |
|
|
|
| Add'l Tax for Acc. Dep. |
|
|
|
|
|
|
|
|
|
