| |
Total |
PROJECT |
Developer |
Lender |
Investor |
Other |
Public |
ADJUSTMENT |
| PARTNERSHIP BASIS BEFORE SALE |
|
|
|
|
|
|
|
|
| Investment |
-8442739 |
|
-19611627 |
|
11,168,887 |
|
|
|
| Costs Exp.During Const. |
|
|
|
|
|
|
|
|
| Tax Losses |
9,988,290 |
|
9,988,290 |
|
|
|
|
|
| Cash Distributions |
-26184186 |
|
-26184186 |
|
|
|
|
|
| Resulting Basis |
-24638635 |
|
-35807523 |
|
11,168,887 |
|
|
|
| |
|
|
|
|
|
|
|
|
| EFFECT ON BASIS OF SALE |
|
|
|
|
|
|
|
|
| Proceeds of Sale (gross) |
165,866,948 |
165,866,948 |
|
|
|
|
|
|
| Orig. Cost & Capital Replcmnt |
-58989581 |
-58989581 |
|
|
|
|
|
|
| Costs Expensed During Const |
|
|
|
|
|
|
|
|
| Non-Cash Charges |
26,001,927 |
26,001,927 |
|
|
|
|
|
|
| Resulting Gain |
132,879,294 |
132,879,294 |
|
|
|
|
|
|
| Dist.of Gain to Partners |
132,879,294 |
|
76,936,084 |
|
55,943,211 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Resulting Basis |
108,240,659 |
|
41,128,561 |
|
67,112,098 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Final Cash Distribution |
-108240659 |
|
-50080442 |
|
-58160218 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Final Basis |
|
|
-8951881 |
|
8,951,881 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Combined Capital Gain |
132,879,294 |
|
85,887,964 |
|
46,991,330 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Est. Tax Liability |
|
|
|
|
|
|
|
|
| Add'l Tax for Acc. Dep. |
|
|
|
|
|
|
|
|
|
