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Demo Mixed Use Facility

Schedule O: Tax Liability on Residual Values

by participant

  Total PROJECT Developer Lender Investor Other Public ADJUSTMENT
PARTNERSHIP BASIS BEFORE SALE                
Investment 1,695,318   588533   500000 606785    
Costs Exp.During Const.                
Tax Losses 557046   292412   264634      
Cash Distributions -836774   -300209   -536565      
Resulting Basis 1,415,589   580735   228069 606785    
                 
EFFECT ON BASIS OF SALE                
Proceeds of Sale (gross) 3,048,160 3,048,160            
Orig. Cost & Capital Replcmnt -2807571 -2807571            
Costs Expensed During Const                
Non-Cash Charges 222682 222682            
Resulting Gain 463271 463271            
Dist.of Gain to Partners 463271   259303   203969      
                 
Resulting Basis 1,878,860   840038   432037 606785    
                 
Final Cash Distribution -1878860   -1051638   -827223      
                 
Final Basis     -211600   -395185 606785    
                 
Combined Capital Gain 463271   470902   599154 -606785    
                 
Est. Tax Liability 214546   94416   120130      
Add'l Tax for Acc. Dep.                



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