to home page  Home   E-Mail  SiteTree (all case studies)    HomePage    Index (this case study)    MV    AVI    A87SCH    UNITMIX    ALTI    Format420    Format418    Format424    Format426    Format421    Format409    Format410    Format401    Format423    Format413    Format414    Format412    Format404    Format425    Format429    Format402    Format422    Format428    Format405    Format406    Format407    Format408    Format415    Format416    Format417   

Shelter School Renovation:Phase 1: Residential

Schedule O: Tax Liability on Residual Values

by participant

  Total PROJECT Developer Lender Investor Other Public ADJUSTMENT
PARTNERSHIP BASIS BEFORE SALE                
Investment 1,274,345   -1371155   2,645,500      
Costs Exp.During Const.                
Tax Losses -610688   -6107   -604582      
Cash Distributions -696661   -6967   -689694      
Resulting Basis -33005   -1384229   1,351,224      
                 
EFFECT ON BASIS OF SALE                
Proceeds of Sale (gross) 2,077,370 2,077,370            
Orig. Cost & Capital Replcmnt -2824377 -2824377            
Costs Expensed During Const                
Non-Cash Charges 1,587,578 1,587,578            
Resulting Gain 840570 840570            
Dist.of Gain to Partners 840570   8406   832165      
                 
Resulting Basis 807566   -1375823   2,183,389      
                 
Final Cash Distribution -807566   -8076   -799490      
                 
Final Basis     -1383899   1,383,899      
                 
Combined Capital Gain 840570   1,392,304   -551734      
                 
Est. Tax Liability -187590       -187590      
Add'l Tax for Acc. Dep.                



 Home   E-Mail  home at CD root