Note 4 - Income Taxes: Reconciliation between the Partnership's reported net income and the net income (loss) per tax return (Tables)

12 Months Ended

Dec. 31, 2020

Tables/Schedules

Reconciliation between the Partnership's reported net income and the net income (loss) per tax return

	Years Ended December 31
	2020	2019
	(in thousands)
Net income per financial statements	$    (59)	$    (83)
Add (deduct):
Partnership’s share of Local Limited Partnership	40	31
Federal taxable income	$    (19)	$    (52)
Federal taxable income per limited partnership interest	$ (1.47)	$ (4.00)