| Schedule Of GAAP To Federal Taxable Income |
reconciliation of net income for financial reporting
|
|
|
2025
|
|
2024
|
|
|
|
|
|
|
|
Net Income for Financial Reporting Purposes
|
$
|
241,738 |
$
|
16,521 |
|
|
|
|
|
|
|
Depreciation for Tax Purposes Under Depreciation
and Amortization for Financial Reporting Purposes
|
|
127,533 |
|
121,412 |
|
|
|
|
|
|
|
Income Accrued for Tax Purposes Under
Income for Financial Reporting Purposes
|
|
2,046 |
|
16,477 |
|
|
|
|
|
|
|
Gain on Sale of Real Estate for Tax Purposes
Under Gain for Financial Reporting Purposes
|
|
(190,234) |
|
(595,672) |
|
Taxable Income to Partners
|
$
|
181,083 |
$
|
(441,262) |
|
|
|
|
|
|
|
| Schedule Of GAAP To Federal Tax Basis |
reconciliation of Partners' capital for financial reporting
|
|
|
2025
|
|
2024
|
|
|
|
|
|
|
|
Partners' Capital for Financial Reporting Purposes
|
$
|
5,031,293 |
$
|
6,456,623 |
|
|
|
|
|
|
|
Adjusted Tax Basis of Investments in Real Estate
Over Net Investments in Real Estate
for Financial Reporting Purposes
|
|
540,733 |
|
601,388 |
|
|
|
|
|
|
|
Syndication Costs Treated as Reduction
of Capital For Financial Reporting Purposes
|
|
2,418,726 |
|
2,418,726 |
|
Partners' Capital for Tax Reporting Purposes
|
$
|
7,990,752 |
$
|
9,476,737 |
|
|
|
|
|
|
|