Income Taxes

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

(7)  Income Taxes –

The following is a reconciliation of net income for financial reporting purposes to income reported for federal income tax purposes for the years ended December 31:

		2023		2022
Net Income for Financial Reporting Purposes	$	51,795	$	598,495
Depreciation for Tax Purposes Under Depreciation     and Amortization for Financial Reporting Purposes		172,134		128,836
Income Accrued for Tax Purposes Under     Income for Financial Reporting Purposes		1,550		14,743
Gain on Sale of Real Estate for Tax Purposes   Under Gain for Financial Reporting Purposes		0		(384,809)
Impairment loss of Real Estate for Tax Purposes     Under Loss for Financial Reporting Purposes		35,000		0
Taxable Income to Partners	$	260,479	$	357,265

The following is a reconciliation of Partners' capital for financial reporting purposes to Partners' capital reported for federal income tax purposes for the years ended December 31:

		2023		2022
Partners' Capital for Financial Reporting Purposes	$	6,716,980	$	7,086,741
Adjusted Tax Basis of Investments in Real Estate     Over Net Investments in Real Estate     for Financial Reporting Purposes		1,059,171		850,487
Syndication Costs Treated as Reduction     of Capital For Financial Reporting Purposes		2,418,726		2,418,726
Partners' Capital for Tax Reporting Purposes	$	10,194,877	$	10,355,954