| |
Total |
PROJECT |
Developer |
Lender |
Investor |
Other |
Public |
ADJUSTMENT |
| PARTNERSHIP BASIS BEFORE SALE |
|
|
|
|
|
|
|
|
| Investment |
619819 |
|
619819 |
|
|
|
|
|
| Costs Exp.During Const. |
|
|
|
|
|
|
|
|
| Tax Losses |
1467986 |
|
1467986 |
|
|
|
|
|
| Cash Distributions |
-2787889 |
|
-2787889 |
|
|
|
|
|
| Resulting Basis |
-700084 |
|
-700084 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| EFFECT ON BASIS OF SALE |
|
|
|
|
|
|
|
|
| Proceeds of Sale (gross) |
11547269 |
11547269 |
|
|
|
|
|
|
| Orig. Cost & Capital Replcmnt |
-5753248 |
-5753248 |
|
|
|
|
|
|
| Costs Expensed During Const |
|
|
|
|
|
|
|
|
| Non-Cash Charges |
1631137 |
1631137 |
|
|
|
|
|
|
| Resulting Gain |
7425157 |
7425157 |
|
|
|
|
|
|
| Dist.of Gain to Partners |
7425157 |
|
7425157 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Resulting Basis |
6725073 |
|
6725073 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Final Cash Distribution |
-6725073 |
|
-6725073 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Final Basis |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Combined Capital Gain |
7425157 |
|
7425157 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Est. Tax Liability |
|
|
|
|
|
|
|
|
| Add'l Tax for Acc. Dep. |
|
|
|
|
|
|
|
|
|
