| |
Total |
PROJECT |
Developer |
Lender |
Investor |
Other |
Public |
ADJUSTMENT |
| PARTNERSHIP BASIS BEFORE SALE |
|
|
|
|
|
|
|
|
| Investment |
1514 |
|
14 |
1500 |
|
|
|
|
| Costs Exp.During Const. |
|
|
|
|
|
|
|
|
| Tax Losses |
8296 |
|
830 |
4148 |
3318 |
|
|
|
| Cash Distributions |
-11340 |
|
-1134 |
-5670 |
-4536 |
|
|
|
| Resulting Basis |
-1530 |
|
-290 |
-22 |
-1218 |
|
|
|
| |
|
|
|
|
|
|
|
|
| EFFECT ON BASIS OF SALE |
|
|
|
|
|
|
|
|
| Proceeds of Sale (gross) |
67275 |
67275 |
|
|
|
|
|
|
| Orig. Cost & Capital Replcmnt |
-9318 |
-9318 |
|
|
|
|
|
|
| Costs Expensed During Const |
|
|
|
|
|
|
|
|
| Non-Cash Charges |
3672 |
3672 |
|
|
|
|
|
|
| Resulting Gain |
61629 |
61629 |
|
|
|
|
|
|
| Dist.of Gain to Partners |
61629 |
|
4967 |
36792 |
19870 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Resulting Basis |
60099 |
|
4677 |
36770 |
18652 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Final Cash Distribution |
-60099 |
|
-4690 |
-36763 |
-18646 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Final Basis |
|
|
-13 |
7 |
6 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Combined Capital Gain |
61629 |
|
4980 |
36785 |
19864 |
|
|
|
| |
|
|
|
|
|
|
|
|
| Est. Tax Liability |
3973 |
|
|
|
3973 |
|
|
|
| Add'l Tax for Acc. Dep. |
|
|
|
|
|
|
|
|
|
