Note 5 - Income Taxes: Reconciliation between the Partnership's reported amounts and the Federal tax basis of net assets (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Reconciliation between the Partnership's reported amounts and the Federal tax basis of net assets

	December 31,
	2013	2012
Net assets as reported	$ 2,737	$ 2,456
Add (deduct):
Deferred offering costs	4,976	4,976
Investment in Local Limited Partnerships	(2,985)	(6,262)
Accrued interest	--	--
Other	--	291
Net equity – Federal tax basis	$ 4,728	$ 1,461