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St. Lucie West Warehouse (rental) test MTGES[;7]

Schedule O: Tax Liability on Residual Values

by participant

  Total PROJECT Developer Lender Investor Other Public ADJUSTMENT
Investment 12754   12754          
Costs Exp.During Const.                
Tax Losses 18712   18712          
Cash Distributions -38737   -38737          
Resulting Basis -7270   -7270          
EFFECT ON BASIS OF SALE                
Proceeds of Sale (gross) 630040 630040            
Orig. Cost & Capital Replcmnt -496514 -496514            
Costs Expensed During Const                
Non-Cash Charges 22560 22560            
Resulting Gain 156086 156086            
Dist.of Gain to Partners 156086   156086          
Resulting Basis 148816   148816          
Final Cash Distribution -148816   -148816          
Final Basis                
Combined Capital Gain 156086   156086          
Est. Tax Liability                
Add'l Tax for Acc. Dep.                

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