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Schedule O: Tax Liability on Residual Values

by participant

  Total PROJECT Developer Lender Investor Other Public ADJUSTMENT
PARTNERSHIP BASIS BEFORE SALE                
Investment 619819   619819          
Costs Exp.During Const.                
Tax Losses 1467986   1467986          
Cash Distributions -2787889   -2787889          
Resulting Basis -700084   -700084          
                 
EFFECT ON BASIS OF SALE                
Proceeds of Sale (gross) 11547269 11547269            
Orig. Cost & Capital Replcmnt -5753248 -5753248            
Costs Expensed During Const                
Non-Cash Charges 1631137 1631137            
Resulting Gain 7425157 7425157            
Dist.of Gain to Partners 7425157   7425157          
                 
Resulting Basis 6725073   6725073          
                 
Final Cash Distribution -6725073   -6725073          
                 
Final Basis                
                 
Combined Capital Gain 7425157   7425157          
                 
Est. Tax Liability                
Add'l Tax for Acc. Dep.                



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