| |
Total |
PROJECT |
Western Housing |
Lender |
Individual Limited Partner |
Other |
IRS |
Corporate Limited Partner |
March Securities & Inv.Svcs. |
General Partner |
Collins & Associates |
Special Limited Partner |
ADJUSTMENT |
| PARTNERSHIP BASIS BEFORE SALE |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investment |
2739000 |
|
|
|
1369500 |
|
|
1369500 |
|
|
|
|
|
| Costs Exp.During Const. |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Tax Losses |
-3438345 |
|
-68767 |
|
-1684789 |
|
|
-1684789 |
|
|
|
|
|
| Cash Distributions |
-425679 |
|
-8514 |
|
-208583 |
|
|
-208583 |
|
|
|
|
|
| Resulting Basis |
-1125024 |
|
-77280 |
|
-523872 |
|
|
-523872 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| EFFECT ON BASIS OF SALE |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds of Sale (gross) |
13137194 |
13137194 |
|
|
|
|
|
|
|
|
|
|
|
| Orig. Cost & Capital Replcmnt |
-8937756 |
-8937756 |
|
|
|
|
|
|
|
|
|
|
|
| Costs Expensed During Const |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-Cash Charges |
4667583 |
4667583 |
|
|
|
|
|
|
|
|
|
|
|
| Resulting Gain |
8867021 |
8867021 |
|
|
|
|
|
|
|
|
|
|
|
| Dist.of Gain to Partners |
8867021 |
|
4522181 |
|
2172420 |
|
|
2172420 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Resulting Basis |
7741997 |
|
4444900 |
|
1648548 |
|
|
1648548 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Final Cash Distribution |
-7741997 |
|
-2551528 |
|
-2595234 |
|
|
-2595234 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Final Basis |
|
|
1893372 |
|
-946686 |
|
|
-946686 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Combined Capital Gain |
8867021 |
|
2628809 |
|
3119106 |
|
|
3119106 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Est. Tax Liability |
1933846 |
|
|
|
1060496 |
|
|
873350 |
|
|
|
|
|
| Add'l Tax for Acc. Dep. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
