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RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO INCOME TAX RETURN (Tables)
 12 Months Ended
Mar. 31, 2014
Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Abstract]  
Schedule Of Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Table Text Block]
For income tax purposes, the fund reports using a December 31 year-end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2014 is reconciled as follows:
 
 
 
Total
 
Series 15
 
Series 16
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) for financial reporting purposes
 
$
5,815,204
 
$
(117,270)
 
$
508,571
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
56,810
 
 
4,384
 
 
(651)
 
 
 
 
 
 
 
 
 
 
 
 
Accrued fund management fees not deducted (deducted) for tax purposes
 
 
(5,043,215)
 
 
94,556
 
 
(660,687)
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
10,744,835
 
 
525,300
 
 
910,445
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(2,735,602)
 
 
(593,055)
 
 
(836,199)
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(608,158)
 
 
(107,871)
 
 
(125,290)
 
 
 
 
 
 
 
 
 
 
 
 
Difference due to fiscal year for book purposes and calendar year for tax purposes
 
 
(4,286,063)
 
 
(64,737)
 
 
(807,893)
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, year ended December 31, 2013
 
$
3,943,811
 
$
(258,693)
 
$
(1,011,704)
 
 
 
 
Series 17
 
Series 18
 
Series 19
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) for financial reporting purposes
 
$
5,558,239
 
$
(21,394)
 
$
(112,942)
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
38,260
 
 
14,572
 
 
245
 
 
 
 
 
 
 
 
 
 
 
 
Accrued fund management fees not deducted (deducted) for tax purposes
 
 
(4,622,115)
 
 
145,031
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
7,186,693
 
 
1,990,281
 
 
132,116
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(505,941)
 
 
(574,802)
 
 
(225,605)
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(91,310)
 
 
(152,633)
 
 
(131,054)
 
 
 
 
 
 
 
 
 
 
 
 
Difference due to fiscal year for book purposes and calendar year for tax purposes
 
 
(2,492,432)
 
 
(907,135)
 
 
(13,866)
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, year ended December 31, 2013
 
$
5,071,394
 
$
493,920
 
$
(351,106)
 
 
For income tax purposes, the fund reports using a December 31 year-end. The Fund’s net income (loss) for financial reporting and tax return purposes for the year ended March 31, 2013 is reconciled as follows:
 
 
 
Total
 
Series 15
 
Series 16
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) for financial reporting purposes
 
$
1,623,764
 
$
(152,736)
 
$
(165,922)
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
(9,091)
 
 
(5,565)
 
 
(3,597)
 
 
 
 
 
 
 
 
 
 
 
 
Accrued fund management fees not deducted (deducted) for tax purposes
 
 
(518,358)
 
 
138,069
 
 
134,907
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
9,322,887
 
 
2,342,530
 
 
2,209,778
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(2,962,809)
 
 
(547,085)
 
 
(833,896)
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(1,097,632)
 
 
(170,171)
 
 
(280,469)
 
 
 
 
 
 
 
 
 
 
 
 
Difference due to fiscal year for book purposes and calendar year for tax purposes
 
 
(1,864,492)
 
 
(385,534)
 
 
(254,564)
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, year ended December 31, 2012
 
$
4,494,269
 
$
1,219,508
 
$
806,237
 
 
 
 
Series 17
 
Series 18
 
Series 19
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) for financial reporting purposes
 
$
85,976
 
$
681,398
 
$
1,175,048
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
526
 
 
(212)
 
 
(243)
 
 
 
 
 
 
 
 
 
 
 
 
Accrued fund management fees not deducted (deducted) for tax purposes
 
 
(172,093)
 
 
(619,241)
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
(9,062)
 
 
3,787,299
 
 
992,342
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(717,911)
 
 
(537,292)
 
 
(326,625)
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(275,264)
 
 
(224,315)
 
 
(147,413)
 
 
 
 
 
 
 
 
 
 
 
 
Difference due to fiscal year for book purposes and calendar year for tax purposes
 
 
(3,417)
 
 
(17,298)
 
 
(1,203,679)
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, year ended December 31, 2012
 
$
(1,091,245)
 
$
3,070,339
 
$
489,430
 
Schedule Of Investments In Operating Limited Partnerships For Tax Purposes and Financial Statement Purposes Disclosure [Table Text Block]
The differences between the investments in operating limited partnerships for tax purposes and financial statements purposes at March 31, 2014, are as follows:
 
 
 
Total
 
Series 15
 
Series 16
 
 
 
 
 
 
 
 
 
 
 
 
Investments in operating limited partnerships - tax return December 31, 2013
 
$
(36,250,730)
 
$
(8,528,309)
 
$
(12,305,968)
 
 
 
 
 
 
 
 
 
 
 
 
Estimated share of loss for the three months ended March 31, 2014
 
 
(661,736)
 
 
(99,993)
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Add back operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
32,676,601
 
 
7,704,240
 
 
9,746,456
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(7,980,878)
 
 
(767,819)
 
 
(1,489,694)
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits
 
 
5,325,806
 
 
-
 
 
1,844,836
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
6,890,937
 
 
1,691,881
 
 
2,204,370
 
 
 
 
 
 
 
 
 
 
 
 
Investments in operating limited partnerships - as reported
 
$
-
 
$
-
 
$
-
 
 
 
 
Series 17
 
Series 18
 
Series 19
 
 
 
 
 
 
 
 
 
 
 
 
Investments in operating limited partnerships - tax return December 31, 2013
 
$
(6,703,522)
 
$
(6,559,360)
 
$
(2,153,571)
 
 
 
 
 
 
 
 
 
 
 
 
Estimated share of loss for the three months ended March 31, 2014
 
 
(268,254)
 
 
(274,653)
 
 
(18,836)
 
 
 
 
 
 
 
 
 
 
 
 
Add back operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
5,255,229
 
 
6,299,282
 
 
3,671,394
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(1,566,308)
 
 
(2,656,687)
 
 
(1,500,370)
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits
 
 
1,100,310
 
 
2,062,333
 
 
318,327
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
2,182,545
 
 
1,129,085
 
 
(316,944)
 
 
 
 
 
 
 
 
 
 
 
 
Investments in operating limited partnerships - as reported
 
$
-
 
$
-
 
$
-
 
 
The differences between the investments in operating limited partnerships for tax purposes and financial statements purposes at March 31, 2013, are as follows:
 
 
 
Total
 
Series 15
 
Series 16
 
 
 
 
 
 
 
 
 
 
 
 
Investments in operating limited partnerships - tax return December 31, 2012
 
$
(37,176,555)
 
$
(8,336,321)
 
$
(11,498,827)
 
 
 
 
 
 
 
 
 
 
 
 
Estimated share of loss for the three months ended March 31, 2013
 
 
(883,274)
 
 
(111,396)
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
Add back operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
35,033,727
 
 
7,552,909
 
 
9,782,878
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(12,876,562)
 
 
(764,836)
 
 
(2,512,421)
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits
 
 
5,325,806
 
 
-
 
 
1,844,836
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
10,576,858
 
 
1,659,644
 
 
2,383,534
 
 
 
 
 
 
 
 
 
 
 
 
Investments in operating limited partnerships - as reported
 
$
-
 
$
-
 
$
-
 
 
 
 
Series 17
 
Series 18
 
Series 19
 
 
 
 
 
 
 
 
 
 
 
 
Investments in operating limited partnerships - tax return December 31, 2012
 
$
(7,623,374)
 
$
(7,788,760)
 
$
(1,929,273)
 
 
 
 
 
 
 
 
 
 
 
 
Estimated share of loss for the three months ended March 31, 2013
 
 
(418,588)
 
 
(309,042)
 
 
(44,248)
 
 
 
 
 
 
 
 
 
 
 
 
Add back operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
7,473,233
 
 
6,478,163
 
 
3,746,544
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(3,288,846)
 
 
(4,172,906)
 
 
(2,137,553)
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits
 
 
1,100,310
 
 
2,062,333
 
 
318,327
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
2,757,265
 
 
3,730,212
 
 
46,203
 
 
 
 
 
 
 
 
 
 
 
 
Investments in operating limited partnerships - as reported
 
$
-
 
$
-
 
$
-