| |
Total |
PROJECT |
Developer |
Lender |
Investor |
Other |
Public |
ADJUSTMENT |
| PARTNERSHIP BASIS BEFORE SALE |
|
|
|
|
|
|
|
|
| Investment |
7,969,598 |
|
539250 |
|
7,430,348 |
|
|
|
| Costs Exp.During Const. |
|
|
|
|
|
|
|
|
| Tax Losses |
865201 |
|
8652 |
|
856548 |
|
|
|
| Cash Distributions |
-4986061 |
|
-49861 |
|
-4811549 |
-124652 |
|
|
| Resulting Basis |
3,848,738 |
|
498041 |
|
3,475,348 |
-124652 |
|
|
| |
|
|
|
|
|
|
|
|
| EFFECT ON BASIS OF SALE |
|
|
|
|
|
|
|
|
| Proceeds of Sale (gross) |
13,886,098 |
13,886,098 |
|
|
|
|
|
|
| Orig. Cost & Capital Replcmnt |
-14606099 |
-14606099 |
|
|
|
|
|
|
| Costs Expensed During Const |
|
|
|
|
|
|
|
|
| Non-Cash Charges |
6,409,941 |
6,409,941 |
|
|
|
|
|
|
| Resulting Gain |
5,689,940 |
5,689,940 |
|
|
|
|
|
|
| Dist.of Gain to Partners |
5,689,940 |
|
56899 |
|
5,490,792 |
142248 |
|
|
| |
|
|
|
|
|
|
|
|
| Resulting Basis |
9,538,678 |
|
554941 |
|
8,966,140 |
17597 |
|
|
| |
|
|
|
|
|
|
|
|
| Final Cash Distribution |
-9538678 |
|
-95387 |
|
-9204824 |
-238467 |
|
|
| |
|
|
|
|
|
|
|
|
| Final Basis |
|
|
459554 |
|
-238684 |
-220870 |
|
|
| |
|
|
|
|
|
|
|
|
| Combined Capital Gain |
5,689,940 |
|
-402655 |
|
5,729,476 |
363118 |
|
|
| |
|
|
|
|
|
|
|
|
| Est. Tax Liability |
1,948,022 |
|
|
|
1,948,022 |
|
|
|
| Add'l Tax for Acc. Dep. |
|
|
|
|
|
|
|
|
|