RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN

12 Months Ended

Mar. 31, 2015

Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Abstract]

Reconciliation Of Financial Statement Net Income Loss To Income Tax Return Disclosure [Text Block]

NOTE E - RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Continued)

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, 2015 is reconciled as follows:

	Total		Series 20		Series 21
Net income (loss) for financial reporting purposes	$	5,420,641	$	88,834	$	(46,655)
Operating limited partnership rents received in advance		10,037		-		68
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		1,957,719		16,576		57,300
Other		10,047,309		1,794,570		34,967
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(13,543,112)		(71,803)		(28,188)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(5,944,658)		(42,143)		(177,003)
Impairment loss not recognized for tax purposes		2,593,629		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(17,332,242)		(510,585)		(1,125)
Income (loss) for tax return purposes, December 31, 2014	$	(16,790,677)	$	1,275,449	$	(160,636)

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, 2015 is reconciled as follows:

	Series 22		Series 23		Series 24
Net income (loss) for financial reporting purposes	$	100,765	$	430,054	$	191,861
Operating limited partnership rents received in advance		-		-		(782)
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		(82,281)		(343,237)		-
Other		818,041		1,538,015		387,925
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(209,033)		(91,241)		(175,016)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(57,628)		(179,565)		(35,225)
Impairment loss not recognized for tax purposes		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(171,862)		(485,931)		(283,609)
Income (loss) for tax return purposes, December 31, 2014	$	398,002	$	868,095	$	85,154

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, 2015 is reconciled as follows:

	Series 25		Series 26		Series 27
Net income (loss) for financial reporting purposes	$	1,261,858	$	557,776	$	49,734
Operating limited partnership rents received in advance		-		-		9,626
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		-		-		(44,238)
Other		87,932		(125,676)		753,365
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(51,562)		(600,059)		(259,374)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(75,791)		(225,709)		(114,847)
Impairment loss not recognized for tax purposes		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(1,310,427)		(660,287)		(1,610,120)
Income (loss) for tax return purposes, December 31, 2014	$	(87,990)	$	(1,053,955)	$	(1,215,854)

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, 2015 is reconciled as follows:

	Series 28		Series 29		Series 30
Net income (loss) for financial reporting purposes	$	6,008,855	$	44,840	$	(935)
Operating limited partnership rents received in advance		-		-		-
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		(706,182)		230,779		143,019
Other		(2,404,086)		3,736,436		32,998
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(540,340)		(594,731)		(378,697)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(81,811)		(244,689)		(194,560)
Impairment loss not recognized for tax purposes		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(6,733,186)		(361,790)		(131,309)
Income (loss) for tax return purposes, December 31, 2014	$	(4,456,750)	$	2,810,845	$	(529,484)

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, 2015 is reconciled as follows:

	Series 31		Series 32		Series 33
Net income (loss) for financial reporting purposes	$	2,566,425	$	(149,466)	$	(32,528)
Operating limited partnership rents received in advance		3,903		9,964		-
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		(310,268)		194,588		118,662
Other		(998,553)		(201,893)		(160,568)
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(621,755)		(1,317,109)		(326,229)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(377,130)		(208,093)		(126,770)
Impairment loss not recognized for tax purposes		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(2,867,783)		(117,871)		(123,520)
Income (loss) for tax return purposes, December 31, 2014	$	(2,605,161)	$	(1,789,880)	$	(650,953)

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, 2015 is reconciled as follows:

	Series 34		Series 35		Series 36
Net income (loss) for financial reporting purposes	$	359,261	$	(196,280)	$	(100,022)
Operating limited partnership rents received in advance		-		1,011		(18,119)
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		176,928		148,216		82,426
Other		(1,485,680)		143,386		143,779
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(402,243)		(579,167)		(567,327)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(164,441)		(311,392)		(131,187)
Impairment loss not recognized for tax purposes		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(621,860)		(13,707)		(117,050)
Income (loss) for tax return purposes, December 31, 2014	$	(2,138,035)	$	(807,933)	$	(707,500)

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, 2015 is reconciled as follows:

	Series 37		Series 38		Series 39
Net income (loss) for financial reporting purposes	$	(157,664)	$	(120,423)	$	(112,061)
Operating limited partnership rents received in advance		5,911		-		-
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		196,940		164,400		134,085
Other		564,376		299,285		292,863
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(1,274,223)		(403,406)		(503,080)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(173,483)		(394,067)		(309,689)
Impairment loss not recognized for tax purposes		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(119,302)		(82,415)		(86,424)
Income (loss) for tax return purposes, December 31, 2014	$	(957,445)	$	(536,626)	$	(584,306)

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, 2015 is reconciled as follows:

	Series 40		Series 41		Series 42
Net income (loss) for financial reporting purposes	$	(209,771)	$	(246,035)	$	(56,734)
Operating limited partnership rents received in advance		1,970		-		94
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		200,016		237,564		248,290
Other		346,713		564,224		813,094
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(795,406)		(556,039)		(896,588)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(203,812)		(302,876)		(285,271)
Impairment loss not recognized for tax purposes		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(111,529)		(97,417)		(252,110)
Income (loss) for tax return purposes, December 31, 2014	$	(771,819)	$	(400,579)	$	(429,225)

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, 2015 is reconciled as follows:

	Series 43		Series 44		Series 45
Net income (loss) for financial reporting purposes	$	(634,723)	$	(359,371)	$	(1,442,530)
Operating limited partnership rents received in advance		194		1,663		-
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		306,780		254,628		283,200
Other		1,366,368		112,456		1,456,407
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(666,281)		(645,418)		(673,720)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(338,918)		(487,779)		(247,030)
Impairment loss not recognized for tax purposes		268,187		-		918,818
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(90,385)		(26,918)		(277,021)
Income (loss) for tax return purposes, December 31, 2014	$	211,222	$	(1,150,739)	$	18,124

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, 2015 is reconciled as follows:

	Series 46
Net income (loss) for financial reporting purposes	$	(2,374,424)
Operating limited partnership rents received in advance		(5,466)
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		249,528
Other		136,565
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(315,077)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(453,749)
Impairment loss not recognized for tax purposes		1,406,624
Operating limited partnership impairment loss not recognized for tax purposes		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(66,699)
Income (loss) for tax return purposes, December 31, 2014	$	(1,422,698)

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 20		Series 21
Net income (loss) for financial reporting purposes	$	(4,310,963)	$	606,391	$	3,069
Operating limited partnership rents received in advance		(6,007)		-		(17)
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		(3,180,283)		(539,749)		(20,070)
Other		14,775,748		992,434		316,382
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(16,299,042)		(366,227)		(98,321)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(6,231,944)		(74,539)		(177,554)
Impairment loss not recognized for tax purposes		7,116,275		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(10,529,310)		(288,923)		(83,572)
Income (loss) for tax return purposes, December 31, 2013	$	(18,665,526)	$	329,387	$	(60,083)

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:

	Series 22		Series 23		Series 24
Net income (loss) for financial reporting purposes	$	(98,478)	$	(125,463)	$	1,625,695
Operating limited partnership rents received in advance		-		-		2,879
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		(26,305)		71,819		(2,468,363)
Other		972,788		197,451		1,989,051
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(264,711)		(361,723)		(241,279)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(69,076)		(227,036)		(30,246)
Impairment loss not recognized for tax purposes		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(136,555)		(14,194)		(1,636,274)
Income (loss) for tax return purposes, December 31, 2013	$	377,663	$	(459,146)	$	(758,537)

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:

	Series 25		Series 26		Series 27
Net income (loss) for financial reporting purposes	$	(59,679)	$	2,736,763	$	2,385,674
Operating limited partnership rents received in advance		-		(449)		136
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		-		(499,347)		(1,559,279)
Other		593,391		3,879,632		1,619,880
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(43,041)		(842,204)		(277,730)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(138,555)		(214,874)		(181,302)
Impairment loss not recognized for tax purposes		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(386,563)		(4,213,369)		(1,123,176)
Income (loss) for tax return purposes, December 31, 2013	$	(34,447)	$	846,152	$	864,203

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:

	Series 28		Series 29		Series 30
Net income (loss) for financial reporting purposes	$	992,304	$	68,179	$	(170,958)
Operating limited partnership rents received in advance		(50)		(3,627)		7,664
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		(870,954)		75,854		155,148
Other		863,713		(2,703,508)		80,092
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(953,311)		(1,065,191)		(621,294)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(222,830)		(294,360)		(176,205)
Impairment loss not recognized for tax purposes		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(292,930)		(308,456)		(22,236)
Income (loss) for tax return purposes, December 31, 2013	$	(484,058)	$	(4,231,109)	$	(747,789)

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:

	Series 31		Series 32		Series 33
Net income (loss) for financial reporting purposes	$	337,127	$	(196,777)	$	(130,088)
Operating limited partnership rents received in advance		-		(2,419)		(466)
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		279,204		270,411		123,408
Other		(565,343)		899,882		78,067
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(1,155,732)		(1,433,129)		(566,103)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(444,727)		(208,100)		(140,906)
Impairment loss not recognized for tax purposes		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(597,142)		(64,279)		(28,128)
Income (loss) for tax return purposes, December 31, 2013	$	(2,146,613)	$	(734,411)	$	(664,216)

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:

	Series 34		Series 35		Series 36
Net income (loss) for financial reporting purposes	$	(37,107)	$	(25,674)	$	(121,517)
Operating limited partnership rents received in advance		(3,831)		15,521		-
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		256,596		202,082		(867,520)
Other		121,042		135,633		4,218,381
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(1,227,938)		(688,552)		(489,323)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(177,657)		(254,172)		(158,926)
Impairment loss not recognized for tax purposes		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(216,769)		(256,794)		(104,445)
Income (loss) for tax return purposes, December 31, 2013	$	(1,285,664)	$	(871,956)	$	2,476,650

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:

	Series 37		Series 38		Series 39
Net income (loss) for financial reporting purposes	$	(187,483)	$	(103,034)	$	(135,596)
Operating limited partnership rents received in advance		(18,883)		(6,905)		(6,903)
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		204,864		164,400		136,800
Other		1,190,800		358,421		337,442
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(1,423,309)		(447,771)		(594,093)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(189,389)		(396,454)		(286,803)
Impairment loss not recognized for tax purposes		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(97,290)		(89,091)		(103,140)
Income (loss) for tax return purposes, December 31, 2013	$	(520,690)	$	(520,434)	$	(652,293)

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:

	Series 40		Series 41		Series 42
Net income (loss) for financial reporting purposes	$	(207,935)	$	(165,403)	$	(578,220)
Operating limited partnership rents received in advance		2,625		(702)		(1,127)
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		200,016		185,732		198,700
Other		(20,535)		175,191		508,920
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(726,480)		(621,885)		(792,226)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(202,424)		(294,646)		(288,776)
Impairment loss not recognized for tax purposes		-		-		212,553
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(116,716)		(230,907)		(54,300)
Income (loss) for tax return purposes, December 31, 2013	$	(1,071,449)	$	(952,620)	$	(794,476)

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:

	Series 43		Series 44		Series 45
Net income (loss) for financial reporting purposes	$	(1,582,420)	$	(2,529,532)	$	(3,485,593)
Operating limited partnership rents received in advance		(908)		2,360		-
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		306,780		277,353		312,609
Other		65,862		(1,448,171)		(251,745)
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(547,642)		(372,037)		(57,205)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(317,839)		(341,059)		(243,079)
Impairment loss not recognized for tax purposes		972,475		1,696,224		2,293,749
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(99,277)		183,685		(29,551)
Income (loss) for tax return purposes, December 31, 2013	$	(1,202,969)	$	(2,531,177)	$	(1,460,815)

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:

	Series 46
Net income (loss) for financial reporting purposes	$	(3,125,208)
Operating limited partnership rents received in advance		9,095
Accrued partnership fund management fee not deducted (deducted) for income tax purposes		249,528
Other		170,595
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting		(20,585)
Excess of tax depreciation over book depreciation on operating limited partnership assets		(480,410)
Impairment loss not recognized for tax purposes		1,941,274
Operating limited partnership impairment loss not recognized for tax purposes		-
Difference due to fiscal year for book purposes and calendar year for tax purposes		(118,918)
Income (loss) for tax return purposes, December 31, 2013	$	(1,374,629)

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2015 are as follows:

	Total		Series 20		Series 21
Investments in operating limited partnerships - tax return December 31, 2014	$	55,728,106	$	(1,258,685)	$	(1,905,152)
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		77,225,748		878,598		2,591,698
Impairment loss in investment in operating limited partnerships		(188,464,989)		(409,509)		(118,301)
Historic tax credits - cumulative		978,267		570,617		-
Less share of loss - three months ended March 31, 2015		(755,788)		(62,488)		(221,074)
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		57,087,374		281,467		(347,171)
Investments in operating limited partnerships - as reported	$	1,798,718	$	-	$	-

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2015 are as follows:

	Series 22		Series 23		Series 24
Investments in operating limited partnerships - tax return December 31, 2014	$	(1,832,001)	$	1,497,353	$	(821,383)
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		1,689,653		1,281,140		1,941,970
Impairment loss in investment in operating limited partnerships		(1,289,080)		(5,298,843)		(1,151,381)
Historic tax credits - cumulative		223,537		-		-
Less share of loss - three months ended March 31, 2015		(15,621)		(10,974)		(841)
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		1,223,512		2,531,324		31,635
Investments in operating limited partnerships - as reported	$	-	$	-	$	-

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2015 are as follows:

	Series 25		Series 26		Series 27
Investments in operating limited partnerships - tax return December 31, 2014	$	(60,435)	$	(5,205,435)	$	(1,656,389)
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		273,564		4,399,020		1,526,506
Impairment loss in investment in operating limited partnerships		(1,345,945)		(1,883,225)		(4,004,265)
Historic tax credits - cumulative		-		-		-
Less share of loss - three months ended March 31, 2015		(31,239)		(57,289)		(195,417)
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		1,164,055		2,746,929		4,329,565
Investments in operating limited partnerships - as reported	$	-	$	-	$	-

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2015 are as follows:

	Series 28		Series 29		Series 30
Investments in operating limited partnerships - tax return December 31, 2014	$	318,909	$	(914,109)	$	526,482
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		3,269,083		4,695,617		2,524,000
Impairment loss in investment in operating limited partnerships		(4,790,458)		(5,661,234)		(4,610,342)
Historic tax credits - cumulative		-		-		-
Less share of loss - three months ended March 31, 2015		(64,727)		(39,537)		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		1,267,193		1,919,263		1,559,860
Investments in operating limited partnerships - as reported	$	-	$	-	$	-

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2015 are as follows:

	Series 31		Series 32		Series 33
Investments in operating limited partnerships - tax return December 31, 2014	$	(2,844,166)	$	4,667,100	$	3,976,255
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		3,913,882		7,152,320		2,003,965
Impairment loss in investment in operating limited partnerships		(9,196,909)		(13,359,327)		(7,924,274)
Historic tax credits - cumulative		-		184,113		-
Less share of loss - three months ended March 31, 2015		(56,581)		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		8,183,774		1,355,794		1,944,054
Investments in operating limited partnerships - as reported	$	-	$	-	$	-

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2015 are as follows:

	Series 34		Series 35		Series 36
Investments in operating limited partnerships - tax return December 31, 2014	$	1,329,494	$	3,492,380	$	3,631,292
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		2,231,532		3,920,392		2,224,599
Impairment loss in investment in operating limited partnerships		(8,069,371)		(9,244,266)		(7,264,883)
Historic tax credits - cumulative		-		-		-
Less share of loss - three months ended March 31, 2015		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		4,508,345		1,831,494		1,408,992
Investments in operating limited partnerships - as reported	$	-	$	-	$	-

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2015 are as follows:

	Series 37		Series 38		Series 39
Investments in operating limited partnerships - tax return December 31, 2014	$	1,183,098	$	5,783,115	$	4,215,944
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		6,493,889		4,030,703		4,373,718
Impairment loss in investment in operating limited partnerships		(7,792,558)		(10,557,104)		(7,444,160)
Historic tax credits - cumulative		-		-		-
Less share of loss - three months ended March 31, 2015		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		115,571		743,286		(1,145,502)
Investments in operating limited partnerships - as reported	$	-	$	-	$	-

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2015 are as follows:

	Series 40		Series 41		Series 42
Investments in operating limited partnerships - tax return December 31, 2014	$	6,586,470	$	455,172	$	5,161,301
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		2,158,206		2,647,711		2,985,744
Impairment loss in investment in operating limited partnerships		(10,641,244)		(7,024,673)		(10,714,201)
Historic tax credits - cumulative		-		-		-
Less share of loss - three months ended March 31, 2015		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		1,896,568		3,921,790		2,567,156
Investments in operating limited partnerships - as reported	$	-	$	-	$	-

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2015 are as follows:

	Series 43		Series 44		Series 45
Investments in operating limited partnerships - tax return December 31, 2014	$	7,950,660	$	366,227	$	12,261,848
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		3,046,309		3,768,065		868,202
Impairment loss in investment in operating limited partnerships		(13,508,694)		(6,482,162)		(15,650,905)
Historic tax credits - cumulative		-		-		-
Less share of loss - three months ended March 31, 2015		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		2,511,725		2,347,870		3,358,960
Investments in operating limited partnerships - as reported	$	-	$	-	$	838,105

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2015 are as follows:

	Series 46
Investments in operating limited partnerships - tax return December 31, 2014	$	8,822,761
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		335,662
Impairment loss in investment in operating limited partnerships		(13,027,675)
Historic tax credits - cumulative		-
Less share of loss - three months ended March 31, 2015		-
Operating limited partnership impairment loss not recognized for tax purposes		-
Other		4,829,865
Investments in operating limited partnerships - as reported	$	960,613

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2014 are as follows:

	Total		Series 20		Series 21
Investments in operating limited partnerships - tax return December 31, 2013	$	76,082,802	$	(2,870,528)	$	(1,734,996)
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		87,884,506		3,054,043		2,584,152
Impairment loss in investment in operating limited partnerships		(216,038,394)		(1,333,677)		(118,301)
Historic tax credits - cumulative		978,267		570,617		-
Less share of loss - three months ended March 31, 2014		(1,117,450)		(90,622)		(221,074)
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		57,538,970		670,167		(509,781)
Investments in operating limited partnerships - as reported	$	5,328,701	$	-	$	-

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2014 are as follows:

	Series 22		Series 23		Series 24
Investments in operating limited partnerships - tax return December 31, 2013	$	(2,216,485)	$	656,490	$	(911,837)
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		1,708,122		2,436,164		2,148,403
Impairment loss in investment in operating limited partnerships		(1,618,823)		(6,353,837)		(1,636,215)
Historic tax credits - cumulative		223,537		-		-
Less share of loss - three months ended March 31, 2014		(25,824)		(54,934)		(841)
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		1,929,473		3,316,117		400,490
Investments in operating limited partnerships - as reported	$	-	$	-	$	-

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2014 are as follows:

	Series 25		Series 26		Series 27
Investments in operating limited partnerships - tax return December 31, 2013	$	1,280,497	$	(3,510,773)	$	(1,806,555)
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		467,648		5,296,972		1,965,626
Impairment loss in investment in operating limited partnerships		(3,245,521)		(4,338,427)		(4,558,902)
Historic tax credits - cumulative		-		-		-
Less share of loss - three months ended March 31, 2014		(31,239)		(114,788)		(204,661)
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		1,528,615		2,667,016		4,604,492
Investments in operating limited partnerships - as reported	$	-	$	-	$	-

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2014 are as follows:

	Series 28		Series 29		Series 30
Investments in operating limited partnerships - tax return December 31, 2013	$	8,721,367	$	(3,533,205)	$	1,088,370
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		4,221,023		7,179,789		3,318,142
Impairment loss in investment in operating limited partnerships		(16,476,882)		(5,875,856)		(6,613,997)
Historic tax credits - cumulative		-		-		-
Less share of loss - three months ended March 31, 2014		(79,180)		(204,728)		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		3,613,672		2,434,000		2,207,485
Investments in operating limited partnerships - as reported	$	-	$	-	$	-

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2014 are as follows:

	Series 31		Series 32		Series 33
Investments in operating limited partnerships - tax return December 31, 2013	$	(75,435)	$	6,429,738	$	4,589,822
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		7,965,109		6,317,426		2,659,844
Impairment loss in investment in operating limited partnerships		(11,182,057)		(14,763,087)		(9,162,728)
Historic tax credits - cumulative		-		184,113		-
Less share of loss - three months ended March 31, 2014		(89,559)		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		3,381,942		1,831,810		1,913,062
Investments in operating limited partnerships - as reported	$	-	$	-	$	-

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2014 are as follows:

	Series 34		Series 35		Series 36
Investments in operating limited partnerships - tax return December 31, 2013	$	3,558,773	$	4,244,912	$	4,233,303
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		5,821,899		3,511,421		1,659,966
Impairment loss in investment in operating limited partnerships		(10,625,803)		(11,273,719)		(7,246,265)
Historic tax credits - cumulative		-		-		-
Less share of loss - three months ended March 31, 2014		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		1,245,131		3,517,386		1,352,996
Investments in operating limited partnerships - as reported	$	-	$	-	$	-

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2014 are as follows:

	Series 37		Series 38		Series 39
Investments in operating limited partnerships - tax return December 31, 2013	$	2,065,352	$	6,284,314	$	4,738,394
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		6,441,485		3,627,297		3,876,967
Impairment loss in investment in operating limited partnerships		(7,792,558)		(10,527,541)		(7,438,510)
Historic tax credits - cumulative		-		-		-
Less share of loss - three months ended March 31, 2014		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		(714,279)		615,930		(1,176,851)
Investments in operating limited partnerships - as reported	$	-	$	-	$	-

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2014 are as follows:

	Series 40		Series 41		Series 42
Investments in operating limited partnerships - tax return December 31, 2013	$	7,248,337	$	768,256	$	5,533,010
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		1,365,798		2,219,955		2,319,513
Impairment loss in investment in operating limited partnerships		(10,639,800)		(7,005,127)		(10,428,111)
Historic tax credits - cumulative		-		-		-
Less share of loss - three months ended March 31, 2014		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		2,025,665		4,016,916		2,575,588
Investments in operating limited partnerships - as reported	$	-	$	-	$	-

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2014 are as follows:

	Series 43		Series 44		Series 45
Investments in operating limited partnerships - tax return December 31, 2013	$	7,665,048	$	1,396,639	$	12,010,027
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		2,380,028		3,122,647		194,482
Impairment loss in investment in operating limited partnerships		(13,050,566)		(6,453,489)		(14,657,544)
Historic tax credits - cumulative		-		-		-
Less share of loss - three months ended March 31, 2014		-		-		-
Operating limited partnership impairment loss not recognized for tax purposes		-		-		-
Other		3,183,820		1,934,203		4,457,527
Investments in operating limited partnerships - as reported	$	178,330	$	-	$	2,004,492

The differences between the investments in operating limited partnerships for tax purposes and financial statement purposes at March 31, 2014 are as follows:

	Series 46
Investments in operating limited partnerships - tax return December 31, 2013	$	10,229,967
Operating limited partnership losses not recognized for financial reporting purposes under the equity method		20,585
Impairment loss in investment in operating limited partnerships		(11,621,051)
Historic tax credits - cumulative		-
Less share of loss - three months ended March 31, 2014		-
Operating limited partnership impairment loss not recognized for tax purposes		-
Other		4,516,378
Investments in operating limited partnerships - as reported	$	3,145,879