| |
Total |
PROJECT |
Operator |
General Partner |
Investor |
Other |
Public |
Secondary Lender |
Underwriter/Syndctr |
General Partner |
Operator |
ADJUSTMENT |
| PARTNERSHIP BASIS BEFORE SALE |
|
|
|
|
|
|
|
|
|
|
|
|
| Investment |
2,734,992 |
|
350000 |
|
2,384,992 |
|
|
|
|
|
|
|
| Costs Exp.During Const. |
-5760 |
|
|
-58 |
-5702 |
|
|
|
|
|
|
|
| Tax Losses |
-1272071 |
|
|
-12721 |
-1259350 |
|
|
|
|
|
|
|
| Cash Distributions |
-355600 |
|
|
-3556 |
-352044 |
|
|
|
|
|
|
|
| Resulting Basis |
1,101,561 |
|
350000 |
-16334 |
767895 |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| EFFECT ON BASIS OF SALE |
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds of Sale (gross) |
5,492,330 |
5,492,330 |
|
|
|
|
|
|
|
|
|
|
| Orig. Cost & Capital Replcmnt |
-5958427 |
-5958427 |
|
|
|
|
|
|
|
|
|
|
| Costs Expensed During Const |
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Cash Charges |
2,914,666 |
2,914,666 |
|
|
|
|
|
|
|
|
|
|
| Resulting Gain |
2,448,569 |
2,448,569 |
|
|
|
|
|
|
|
|
|
|
| Dist.of Gain to Partners |
2,448,569 |
|
748466 |
17001 |
1,683,102 |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Resulting Basis |
3,550,130 |
|
1,098,466 |
667 |
2,450,997 |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Final Cash Distribution |
-3550155 |
|
-1098466 |
-24517 |
-2427172 |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Final Basis |
-25 |
|
|
-23850 |
23825 |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Combined Capital Gain |
2,448,594 |
|
748466 |
40851 |
1,659,277 |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Est. Tax Liability |
564154 |
|
|
|
564154 |
|
|
|
|
|
|
|
| Add'l Tax for Acc. Dep. |
|
|
|
|
|
|
|
|
|
|
|
|
|