| |
Total |
PROJECT |
Developer |
Lender |
Investor |
Other |
Public |
ADJUSTMENT |
| PARTNERSHIP BASIS BEFORE SALE |
|
|
|
|
|
|
|
|
| Investment |
16885 |
|
4335 |
|
12550 |
|
|
|
| Costs Exp.During Const. |
|
|
|
|
|
|
|
|
| Tax Losses |
-6516 |
|
-65 |
|
-6451 |
|
|
|
| Cash Distributions |
-4828 |
|
-48 |
|
-4780 |
|
|
|
| Resulting Basis |
5540 |
|
4221 |
|
1319 |
|
|
|
| |
|
|
|
|
|
|
|
|
| EFFECT ON BASIS OF SALE |
|
|
|
|
|
|
|
|
| Proceeds of Sale (gross) |
31029 |
31029 |
|
|
|
|
|
|
| Orig. Cost & Capital Replcmnt |
-31029 |
-31029 |
|
|
|
|
|
|
| Costs Expensed During Const |
|
|
|
|
|
|
|
|
| Non-Cash Charges |
11736 |
11736 |
|
|
|
|
|
|
| Resulting Gain |
11736 |
11736 |
|
|
|
|
|
|
| Dist.of Gain to Partners |
11736 |
|
117 |
|
11618 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Resulting Basis |
17276 |
|
4339 |
|
12937 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Final Cash Distribution |
-17276 |
|
-173 |
|
-17103 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Final Basis |
|
|
4166 |
|
-4166 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Combined Capital Gain |
11735 |
|
-4048 |
|
15784 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Est. Tax Liability |
4419 |
|
|
|
4419 |
|
|
|
| Add'l Tax for Acc. Dep. |
|
|
|
|
|
|
|
|
|
