| Total | PROJECT | Developer | Lender | Investor | Other | Public | ADJUSTMENT | |
| PARTNERSHIP BASIS BEFORE SALE | ||||||||
| Investment | 41650 | 41650 | ||||||
| Costs Exp.During Const. | ||||||||
| Tax Losses | ¯25854 | ¯25854 | ||||||
| Cash Distributions | ¯8029 | ¯8029 | ||||||
| Resulting Basis | 7767 | ¯33883 | 41650 | |||||
| EFFECT ON BASIS OF SALE | ||||||||
| Proceeds of Sale (gross) | 80000 | 80000 | ||||||
| Orig. Cost & Capital Replcmnt | ¯80000 | ¯80000 | ||||||
| Costs Expensed During Const | ||||||||
| Non-Cash Charges | 43182 | 43182 | ||||||
| Resulting Gain | 43182 | 43182 | ||||||
| Dist.of Gain to Partners | 43182 | 43182 | ||||||
| Resulting Basis | 50948 | 9298 | 41650 | |||||
| Final Cash Distribution | ¯50948 | ¯50948 | ||||||
| Final Basis | ¯41650 | 41650 | ||||||
| Combined Capital Gain | 43182 | 84832 | ¯41650 | |||||
| Est. Tax Liability | ||||||||
| Add'l Tax for Acc. Dep. | ||||||||