Income Taxes

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

(9) Income Taxes –

The following is a reconciliation of net income for financial reporting purposes to income reported for federal income tax purposes for the years ended December 31:

		2014		2013
Net Income for Financial Reporting Purposes	$	1,533,587	$	1,705,255
Depreciation for Tax Purposes Under Depreciation  and Amortization for Financial Reporting Purposes		129,852		130,801
Income Accrued for Tax Purposes Over (Under) Income for Financial Reporting Purposes		0		1
Acquisition Costs Expensed for Financial Reporting Purposes, Capitalized for Tax Purposes		62,022		0
Gain on Sale of Real Estate for Tax Purposes Over (Under) Gain for Financial Reporting Purposes		(195,505)		(179,700)
Taxable Income to Partners	$	1,529,956	$	1,656,357

The following is a reconciliation of Partners' capital for financial reporting purposes to Partners' capital reported for federal income tax purposes for the years ended December 31:

		2014		2013
Partners' Capital for Financial Reporting Purposes	$	15,591,281	$	15,889,559
Adjusted Tax Basis of Investments in Real Estate Over Net Investments in Real Estate for Financial Reporting Purposes		886,357		889,988
Income Accrued for Tax Purposes Over Income for Financial Reporting Purposes		12,121		12,121
Syndication Costs Treated as Reduction of Capital For Financial Reporting Purposes		3,208,043		3,208,043
Partners' Capital for Tax Reporting Purposes	$	19,697,802	$	19,999,711