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Guggenheim Demo:Trial 8: Table 19, page 113

Schedule O: Tax Liability on Residual Values

by participant

  Total PROJECT Developer Lender Investor Other Public ADJUSTMENT
PARTNERSHIP BASIS BEFORE SALE                
Investment 50400       50400      
Costs Exp.During Const.                
Tax Losses -31998   -31998          
Cash Distributions -7476   -7476          
Resulting Basis 10926   -39474   50400      
                 
EFFECT ON BASIS OF SALE                
Proceeds of Sale (gross) 90000 90000            
Orig. Cost & Capital Replcmnt -90000 -90000            
Costs Expensed During Const                
Non-Cash Charges 49205 49205            
Resulting Gain 49205 49205            
Dist.of Gain to Partners 49205   49205          
                 
Resulting Basis 60131   9731   50400      
                 
Final Cash Distribution -60131   -60131          
                 
Final Basis     -50400   50400      
                 
Combined Capital Gain 49205   99605   -50400      
                 
Est. Tax Liability                
Add'l Tax for Acc. Dep.                



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