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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
PARTNERSHIP BASIS BEFORE SALE                
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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