XML 34 R22.htm IDEA: XBRL DOCUMENT v3.7.0.1
RECONCILIATION OF FINANCIAL STATEMENT NET INCOME (LOSS) TO TAX RETURN (Tables)
 12 Months Ended
Mar. 31, 2017
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 [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, 2017 is reconciled as follows:
 
 
 
Total
 
 
Series 20
 
 
Series 21
 
Net income (loss) for financial reporting purposes
 
$
15,103,290
 
 
$
65,321
 
 
$
(44,938
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
155
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
(9,530,240
)
 
 
24,843
 
 
 
(139,128
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
8,210,250
 
 
 
522,385
 
 
 
18,446
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(8,901,790
)
 
 
(106,474
)
 
 
(39,102
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(2,914,770
)
 
 
(17,784
)
 
 
(33,177
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(17,518,111
)
 
 
(131,295
)
 
 
1,060
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2016
 
$
(15,551,216
)
 
$
356,996
 
 
$
(236,839
)
 
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, 2017 is reconciled as follows:
 
 
 
Series 22
 
 
Series 23
 
 
Series 24
 
Net income (loss) for financial reporting purposes
 
$
(72,794
)
 
$
402,128
 
 
$
(75,371
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
-
 
 
 
-
 
 
 
(358
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
29,208
 
 
 
37,362
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
547,008
 
 
 
60,716
 
 
 
30,366
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(45,959
)
 
 
(159,714
)
 
 
(185,148
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(19,546
)
 
 
(28,172
)
 
 
(52,400
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(31,291
)
 
 
(703,528
)
 
 
(10,228
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2016
 
$
406,626
 
 
$
(391,208
)
 
$
(293,139
)
 
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, 2017 is reconciled as follows:
 
 
 
Series 25
 
 
Series 26
 
 
Series 27
 
Net income (loss) for financial reporting purposes
 
$
(51,336
)
 
$
(126,723
)
 
$
2,675,164
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
65,984
 
 
 
708
 
 
 
3,509,504
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(112,755
)
 
 
(500,992
)
 
 
(164,034
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(61,003
)
 
 
(102,807
)
 
 
106,695
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(6,578
)
 
 
(11,559
)
 
 
(2,896,130
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2016
 
$
(165,688
)
 
$
(741,373
)
 
$
3,231,199
 
 
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, 2017 is reconciled as follows:
 
 
 
Series 28
 
 
Series 29
 
 
Series 30
 
Net income (loss) for financial reporting purposes
 
$
(64,444
)
 
$
(173,797
)
 
$
(103,851
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
-
 
 
 
8,486
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
-
 
 
 
(99,313
)
 
 
69,684
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
87,980
 
 
 
97,387
 
 
 
21,360
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(198,898
)
 
 
(531,118
)
 
 
(187,074
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(70,559
)
 
 
(111,292
)
 
 
(104,590
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(10,783
)
 
 
217,422
 
 
 
(285,411
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2016
 
$
(256,704
)
 
$
(592,225
)
 
$
(589,882
)
 
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, 2017 is reconciled as follows:
 
 
 
Series 31
 
 
Series 32
 
 
Series 33
 
Net income (loss) for financial reporting purposes
 
$
698,887
 
 
$
374,024
 
 
$
(94,282
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
-
 
 
 
(1,053
)
 
 
3,591
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
-
 
 
 
(593,524
)
 
 
(834,408
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
1,772,400
 
 
 
76,514
 
 
 
116,153
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(497,487
)
 
 
(529,907
)
 
 
(297,842
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(120,866
)
 
 
(148,783
)
 
 
(122,731
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(879,687
)
 
 
(580,023
)
 
 
(5,328
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2016
 
$
973,247
 
 
$
(1,402,752
)
 
$
(1,234,847
)
 
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, 2017 is reconciled as follows:
 
 
 
Series 34
 
 
Series 35
 
 
Series 36
 
Net income (loss) for financial reporting purposes
 
$
556,742
 
 
$
2,641,797
 
 
$
2,482,508
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents  received in advance
 
 
-
 
 
 
2,642
 
 
 
(1,519
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management  fee not deducted (deducted) for  income tax purposes
 
 
(248,259
)
 
 
(1,942,253
)
 
 
(525,031
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
(1,066,168
)
 
 
1,264,928
 
 
 
889,821
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not  recognized for financial reporting  purposes under equity method of  accounting
 
 
(136,875
)
 
 
(40,749
)
 
 
(131,250
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book  depreciation on operating limited  partnership assets
 
 
(70,296
)
 
 
(79,294
)
 
 
(29,683
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(647,142
)
 
 
(2,304,632
)
 
 
(2,582,560
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return  purposes, December 31, 2016
 
$
(1,611,998
)
 
$
(457,561
)
 
$
102,286
 
 
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, 2017 is reconciled as follows:
 
 
 
Series 37
 
 
Series 38
 
 
Series 39
 
Net income (loss) for financial reporting purposes
 
$
2,213,042
 
 
$
3,212,273
 
 
$
1,554,531
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
(6,374
)
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
(457,692
)
 
 
(504,647
)
 
 
(620,973
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
1,380,551
 
 
 
2,040,553
 
 
 
(1,571,550
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(141,806
)
 
 
(144,427
)
 
 
(13,393
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(20,612
)
 
 
(112,811
)
 
 
(13,019
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(1,854,291
)
 
 
(2,730,241
)
 
 
(1,069,742
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2016
 
$
1,112,818
 
 
$
1,760,700
 
 
$
(1,734,146
)
 
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, 2017 is reconciled as follows:
 
 
 
Series 40
 
 
Series 41
 
 
Series 42
 
Net income (loss) for financial reporting purposes
 
$
(79,129
)
 
$
(137,219
)
 
$
(199,189
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
(2,549
)
 
 
-
 
 
 
240
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
(178,258
)
 
 
124,592
 
 
 
(2,141,040
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
(2,082,251
)
 
 
(176,849
)
 
 
124,991
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(695,283
)
 
 
(535,125
)
 
 
(678,898
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(115,566
)
 
 
(207,789
)
 
 
(215,303
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(158,655
)
 
 
(202,362
)
 
 
(67,226
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2016
 
$
(3,311,691
)
 
$
(1,134,752
)
 
$
(3,176,425
)
 
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, 2017 is reconciled as follows:
 
 
 
Series 43
 
 
Series 44
 
 
Series 45
 
Net income (loss) for financial reporting purposes
 
$
(246,031
)
 
$
(231,517
)
 
$
(244,274
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
(323
)
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
(2,289,322
)
 
 
239,076
 
 
 
282,759
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
(137,271
)
 
 
(62,471
)
 
 
239,056
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(749,824
)
 
 
(596,043
)
 
 
(915,282
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(195,524
)
 
 
(295,249
)
 
 
(274,370
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
186,238
 
 
 
(128,192
)
 
 
(137,774
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2016
 
$
(3,432,057
)
 
$
(1,074,396
)
 
$
(1,049,885
)
 
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, 2017 is reconciled as follows:
 
 
 
Series 46
 
Net income (loss) for financial reporting purposes
 
$
171,768
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
(2,628
)
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
236,084
 
 
 
 
 
 
Other
 
 
439,999
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(566,331
)
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(398,239
)
 
 
 
 
 
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
 
 
(488,173
)
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2016
 
$
(607,520
)
 
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, 2016 is reconciled as follows:
 
 
 
Total
 
 
Series 20
 
 
Series 21
 
Net income (loss) for financial reporting purposes
 
$
10,666,816
 
 
$
(66,671
)
 
$
279,798
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
33,570
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
(1,941,869
)
 
 
(62,628
)
 
 
19,976
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
21,948,565
 
 
 
952
 
 
 
1,171,340
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(11,617,242
)
 
 
(109,408
)
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(4,565,374
)
 
 
(40,532
)
 
 
(35,256
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss not recognized for tax purposes
 
 
1,464,002
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Difference due to fiscal year for book purposes and calendar year for tax purposes
 
 
(17,613,704
)
 
 
(4,798
)
 
 
(390,000
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2015
 
$
(1,625,236
)
 
$
(283,085
)
 
$
1,045,858
 
 
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, 2016 is reconciled as follows:
 
 
 
Series 22
 
 
Series 23
 
 
Series 24
 
Net income (loss) for financial reporting purposes
 
$
178,017
 
 
$
168,719
 
 
$
27,462
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
-
 
 
 
-
 
 
 
358
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
9,937
 
 
 
(154,401
)
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
634,033
 
 
 
573,118
 
 
 
157,886
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(57,309
)
 
 
(372,667
)
 
 
(146,078
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(11,278
)
 
 
(74,999
)
 
 
(39,106
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(222,930
)
 
 
12,654
 
 
 
51,324
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2015
 
$
530,470
 
 
$
152,424
 
 
$
51,846
 
 
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, 2016 is reconciled as follows:
 
 
 
Series 25
 
 
Series 26
 
 
Series 27
 
Net income (loss) for financial reporting purposes
 
$
(33,376
)
 
$
(66,471
)
 
$
(152,027
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
50,851
 
 
 
1,509,253
 
 
 
106,892
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(70,287
)
 
 
(461,073
)
 
 
(226,075
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(65,924
)
 
 
(123,216
)
 
 
(253,680
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(14,657
)
 
 
(95,955
)
 
 
(20,623
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2015
 
$
(133,393
)
 
$
762,538
 
 
$
(545,513
)
 
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, 2016 is reconciled as follows:
 
 
 
Series 28
 
 
Series 29
 
 
Series 30
 
Net income (loss) for financial reporting purposes
 
$
1,295,112
 
 
$
355,117
 
 
$
191,558
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
-
 
 
 
(236,133
)
 
 
(261,540
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
751,162
 
 
 
1,907,192
 
 
 
(733,450
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(533,920
)
 
 
(442,926
)
 
 
(174,671
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(67,191
)
 
 
(128,069
)
 
 
(91,676
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(1,394,145
)
 
 
(380,363
)
 
 
2,962
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2015
 
$
51,018
 
 
$
1,074,818
 
 
$
(1,066,817
)
 
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, 2016 is reconciled as follows:
 
 
 
Series 31
 
 
Series 32
 
 
Series 33
 
Net income (loss) for financial reporting purposes
 
$
1,144,794
 
 
$
615,369
 
 
$
1,023,616
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
-
 
 
 
10,480
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
(2,902,513
)
 
 
85,502
 
 
 
19,848
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
5,881,305
 
 
 
2,948,629
 
 
 
358,642
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(551,230
)
 
 
(513,975
)
 
 
(250,938
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(136,785
)
 
 
(201,736
)
 
 
(124,116
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(1,294,196
)
 
 
(878,598
)
 
 
(1,094,625
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2015
 
$
2,141,375
 
 
$
2,065,671
 
 
$
(67,573
)
 
 
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, 2016 is reconciled as follows:
 
 
 
Series 34
 
 
Series 35
 
 
Series 36
 
Net income (loss) for financial reporting purposes
 
$
316,271
 
 
$
1,374,252
 
 
$
444,498
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
-
 
 
 
388
 
 
 
530
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
(474,323
)
 
 
88,845
 
 
 
101,759
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
3,365,399
 
 
 
(981,206
)
 
 
389,350
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(360,810
)
 
 
(403,942
)
 
 
(381,014
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(126,064
)
 
 
(131,468
)
 
 
(110,314
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(333,873
)
 
 
(1,587,306
)
 
 
(659,104
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2015
 
$
2,386,600
 
 
$
(1,640,437
)
 
$
(214,295
)
 
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, 2016 is reconciled as follows:
 
 
 
Series 37
 
 
Series 38
 
 
Series 39
 
Net income (loss) for financial reporting purposes
 
$
(161,074
)
 
$
(91,569
)
 
$
49,450
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
1,620
 
 
 
7,881
 
 
 
7,879
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
157,320
 
 
 
139,400
 
 
 
93,229
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
1,915,796
 
 
 
178,787
 
 
 
(1,089,112
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(973,078
)
 
 
(401,471
)
 
 
(283,760
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(159,522
)
 
 
(354,740
)
 
 
(255,315
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(80,976
)
 
 
(178,037
)
 
 
(266,500
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2015
 
$
700,086
 
 
$
(699,749
)
 
$
(1,744,129
)
 
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, 2016 is reconciled as follows:
 
 
 
Series 40
 
 
Series 41
 
 
Series 42
 
Net income (loss) for financial reporting purposes
 
$
584,797
 
 
$
302,913
 
 
$
3,133,162
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
255
 
 
 
-
 
 
 
1,603
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
193,581
 
 
 
228,916
 
 
 
42,892
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
689,192
 
 
 
617,780
 
 
 
268,792
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(485,428
)
 
 
(652,535
)
 
 
(820,041
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(211,853
)
 
 
(250,072
)
 
 
(226,546
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
(1,904,213
)
 
 
(631,463
)
 
 
(3,303,390
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2015
 
$
(1,133,669
)
 
$
(384,461
)
 
$
(903,528
)
 
 
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, 2016 is reconciled as follows:
 
 
 
Series 43
 
 
Series 44
 
 
Series 45
 
Net income (loss) for financial reporting purposes
 
$
2,323,909
 
 
$
(323,040
)
 
$
(1,050,682
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
718
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
206,108
 
 
 
254,628
 
 
 
283,200
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
679,343
 
 
 
69,815
 
 
 
195,977
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(980,275
)
 
 
(612,970
)
 
 
(674,036
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(185,336
)
 
 
(455,768
)
 
 
(236,814
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
661,498
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Difference due to fiscal year for book purposes and calendar year for tax purposes
 
 
(2,689,401
)
 
 
(8,597
)
 
 
(136,780
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2015
 
$
(644,934
)
 
$
(1,075,932
)
 
$
(957,637
)
 
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, 2016 is reconciled as follows:
 
 
 
Series 46
 
Net income (loss) for financial reporting purposes
 
$
(1,197,088
)
 
 
 
 
 
Operating limited partnership rents received in advance
 
 
1,858
 
 
 
 
 
 
Accrued partnership fund management fee not deducted (deducted) for income tax purposes
 
 
224,528
 
 
 
 
 
 
Other
 
 
330,847
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under equity method of accounting
 
 
(677,325
)
 
 
 
 
 
Excess of tax depreciation over book depreciation on operating limited partnership assets
 
 
(467,998
)
 
 
 
 
 
Impairment loss not recognized for tax purposes
 
 
802,504
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
 
 
 
Difference due to fiscal year for book purposes and calendar year for tax purposes
 
 
(110,114
)
 
 
 
 
 
Income (loss) for tax return purposes, December 31, 2015
 
$
(1,092,788
)
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 statement purposes at March 31, 2017 are as follows:
 
 
 
Total
 
 
Series 20
 
 
Series 21
 
Investments in operating limited partnerships - tax return December 31, 2016
 
$
23,526,808
 
 
$
(1,140,956
)
 
$
(984,278
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
57,696,047
 
 
 
1,066,850
 
 
 
325,745
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(122,872,037
)
 
 
(337,192
)
 
 
(38,116
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
978,267
 
 
 
570,617
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2017
 
 
(183,255
)
 
 
(7,136
)
 
 
(15,685
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
40,854,170
 
 
 
(152,183
)
 
 
712,334
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2017 are as follows:
 
 
 
Series 22
 
 
Series 23
 
 
Series 24
 
Investments in operating limited partnerships - tax return December 31, 2016
 
$
(876,538
)
 
$
1,392,317
 
 
$
(1,278,780
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
856,165
 
 
 
970,072
 
 
 
2,267,378
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(325,787
)
 
 
(2,213,351
)
 
 
(1,151,381
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
223,537
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2017
 
 
(7,927
)
 
 
5,691
 
 
 
(841
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
130,550
 
 
 
(154,729
)
 
 
163,624
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2017 are as follows:
 
 
 
Series 25
 
 
Series 26
 
 
Series 27
 
Investments in operating limited partnerships - tax return December 31, 2016
 
$
(268,984
)
 
$
(5,065,008
)
 
$
(1,594,442
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
456,606
 
 
 
4,815,872
 
 
 
1,317,831
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(1,430,062
)
 
 
(1,350,275
)
 
 
(3,487,976
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2017
 
 
(31,239
)
 
 
(45,732
)
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
1,273,679
 
 
 
1,645,143
 
 
 
3,764,587
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2017 are as follows:
 
 
 
Series 28
 
 
Series 29
 
 
Series 30
 
Investments in operating limited partnerships - tax return December 31, 2016
 
$
(1,601,638
)
 
$
(313,449
)
 
$
(1,084,631
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
1,819,446
 
 
 
3,478,199
 
 
 
2,083,473
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(930,910
)
 
 
(5,444,545
)
 
 
(2,194,151
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2017
 
 
(33,990
)
 
 
(39,537
)
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
747,092
 
 
 
2,319,332
 
 
 
1,195,309
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2017 are as follows:
 
 
 
Series 31
 
 
Series 32
 
 
Series 33
 
Investments in operating limited partnerships - tax return December 31, 2016
 
$
(1,182,450
)
 
$
5,351,336
 
 
$
2,508,935
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
3,188,582
 
 
 
3,395,101
 
 
 
1,876,329
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(3,574,025
)
 
 
(9,175,569
)
 
 
(6,568,884
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
-
 
 
 
184,113
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2017
 
 
(6,859
)
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
1,574,752
 
 
 
245,019
 
 
 
2,183,620
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2017 are as follows:
 
 
 
Series 34
 
 
Series 35
 
 
Series 36
 
Investments in operating limited partnerships - tax return December 31, 2016
 
$
1,488,403
 
 
$
(884,003
)
 
$
1,174,145
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
1,354,867
 
 
 
2,237,121
 
 
 
984,727
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(3,951,725
)
 
 
(2,462,259
)
 
 
(2,406,542
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2017
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
1,108,455
 
 
 
1,109,141
 
 
 
247,670
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2017 are as follows:
 
 
 
Series 37
 
 
Series 38
 
 
Series 39
 
Investments in operating limited partnerships - tax return December 31, 2016
 
$
1,316,599
 
 
$
5,168,309
 
 
$
767,711
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
1,916,369
 
 
 
866,648
 
 
 
97,796
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(3,922,795
)
 
 
(7,194,962
)
 
 
(233,531
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2017
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
689,827
 
 
 
1,160,005
 
 
 
(631,976
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2017 are as follows:
 
 
 
Series 40
 
 
Series 41
 
 
Series 42
 
Investments in operating limited partnerships - tax return December 31, 2016
 
$
1,822,558
 
 
$
(1,243,644
)
 
$
388,430
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
2,230,853
 
 
 
3,483,277
 
 
 
4,285,267
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(5,441,719
)
 
 
(5,854,800
)
 
 
(7,195,970
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2017
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
1,388,308
 
 
 
3,615,167
 
 
 
2,522,273
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2017 are as follows:
 
 
 
Series 43
 
 
Series 44
 
 
Series 45
 
Investments in operating limited partnerships - tax return December 31, 2016
 
$
3,816,055
 
 
$
(1,407,277
)
 
$
10,366,187
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
4,434,039
 
 
 
4,416,600
 
 
 
2,226,331
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(11,001,252
)
 
 
(5,442,013
)
 
 
(16,541,124
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2017
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
2,751,158
 
 
 
2,432,690
 
 
 
3,948,606
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2017 are as follows:
 
 
 
Series 46
 
Investments in operating limited partnerships - tax return December 31, 2016
 
$
6,891,901
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
1,244,503
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(13,001,121
)
 
 
 
 
 
Historic tax credits - cumulative
 
 
-
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2017
 
 
-
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
 
 
 
Other
 
 
4,864,717
 
 
 
 
 
 
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, 2016 are as follows:
 
 
 
Total
 
 
Series 20
 
 
Series 21
 
Investments in operating limited partnerships - tax return December 31, 2015
 
$
42,328,796
 
 
$
(1,403,428
)
 
$
(930,445
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
72,745,706
 
 
 
988,006
 
 
 
307,183
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(161,650,983
)
 
 
(409,509
)
 
 
(38,116
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
978,267
 
 
 
570,617
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2016
 
 
(447,007
)
 
 
(62,488
)
 
 
(15,685
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
46,045,221
 
 
 
316,802
 
 
 
677,063
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2016 are as follows:
 
 
 
Series 22
 
 
Series 23
 
 
Series 24
 
Investments in operating limited partnerships - tax return December 31, 2015
 
$
(1,342,882
)
 
$
1,555,007
 
 
$
(1,072,670
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
866,909
 
 
 
1,241,388
 
 
 
2,084,698
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(325,787
)
 
 
(4,061,633
)
 
 
(1,151,381
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
223,537
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2016
 
 
(7,927
)
 
 
(7,292
)
 
 
(841
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
586,150
 
 
 
1,272,530
 
 
 
140,194
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2016 are as follows:
 
 
 
Series 25
 
 
Series 26
 
 
Series 27
 
Investments in operating limited partnerships - tax return December 31, 2015
 
$
(155,992
)
 
$
(4,443,416
)
 
$
(2,029,960
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
343,851
 
 
 
4,331,079
 
 
 
1,587,855
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(1,359,466
)
 
 
(1,822,975
)
 
 
(4,036,605
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2016
 
 
(31,239
)
 
 
(45,732
)
 
 
(195,417
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
1,202,846
 
 
 
1,981,044
 
 
 
4,674,127
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2016 are as follows:
 
 
 
Series 28
 
 
Series 29
 
 
Series 30
 
Investments in operating limited partnerships - tax return December 31, 2015
 
$
(1,206,640
)
 
$
223,088
 
 
$
(814,327
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
2,842,764
 
 
 
2,951,824
 
 
 
1,907,676
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(2,158,606
)
 
 
(5,444,545
)
 
 
(2,194,151
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2016
 
 
(33,990
)
 
 
(39,537
)
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
556,472
 
 
 
2,309,170
 
 
 
1,100,802
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2016 are as follows:
 
 
 
Series 31
 
 
Series 32
 
 
Series 33
 
Investments in operating limited partnerships - tax return December 31, 2015
 
$
(1,472,464
)
 
$
6,009,792
 
 
$
2,809,764
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
4,016,452
 
 
 
4,963,274
 
 
 
1,578,487
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(6,454,920
)
 
 
(13,361,331
)
 
 
(6,467,715
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
-
 
 
 
184,113
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2016
 
 
(6,859
)
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
3,917,791
 
 
 
2,204,152
 
 
 
2,079,464
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2016 are as follows:
 
 
 
Series 34
 
 
Series 35
 
 
Series 36
 
Investments in operating limited partnerships - tax return December 31, 2015
 
$
3,684,015
 
 
$
1,050,380
 
 
$
2,972,631
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
1,642,674
 
 
 
3,423,568
 
 
 
2,019,997
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(6,843,156
)
 
 
(5,230,309
)
 
 
(6,862,772
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2016
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
1,516,467
 
 
 
756,361
 
 
 
1,870,144
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2016 are as follows:
 
 
 
Series 37
 
 
Series 38
 
 
Series 39
 
Investments in operating limited partnerships - tax return December 31, 2015
 
$
1,963,079
 
 
$
5,210,561
 
 
$
2,593,091
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
7,434,593
 
 
 
4,229,837
 
 
 
3,894,615
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(7,809,397
)
 
 
(10,253,381
)
 
 
(4,561,508
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2016
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
(1,588,275
)
 
 
812,983
 
 
 
(1,926,198
)
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2016 are as follows:
 
 
 
Series 40
 
 
Series 41
 
 
Series 42
 
Investments in operating limited partnerships - tax return December 31, 2015
 
$
4,806,539
 
 
$
(305,488
)
 
$
1,160,438
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
2,222,136
 
 
 
3,234,895
 
 
 
3,747,535
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(9,078,021
)
 
 
(6,847,483
)
 
 
(7,195,970
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2016
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
2,049,346
 
 
 
3,918,076
 
 
 
2,287,997
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2016 are as follows:
 
 
 
Series 43
 
 
Series 44
 
 
Series 45
 
Investments in operating limited partnerships - tax return December 31, 2015
 
$
4,937,763
 
 
$
(644,029
)
 
$
11,346,861
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
3,960,406
 
 
 
4,381,035
 
 
 
1,542,238
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(10,917,292
)
 
 
(6,523,727
)
 
 
(16,411,048
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Historic tax credits - cumulative
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2016
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other
 
 
2,019,123
 
 
 
2,786,721
 
 
 
3,521,949
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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, 2016 are as follows:
 
 
 
Series 46
 
Investments in operating limited partnerships - tax return December 31, 2015
 
$
7,827,528
 
 
 
 
 
 
Operating limited partnership losses not recognized for financial reporting purposes under the equity method
 
 
1,000,731
 
 
 
 
 
 
Impairment loss in investment in operating limited partnerships
 
 
(13,830,179
)
 
 
 
 
 
Historic tax credits - cumulative
 
 
-
 
 
 
 
 
 
Less share of loss - three months ended March 31, 2016
 
 
-
 
 
 
 
 
 
Operating limited partnership impairment loss not recognized for tax purposes
 
 
-
 
 
 
 
 
 
Other
 
 
5,001,920
 
 
 
 
 
 
Investments in operating limited partnerships - as reported
 
$
-