Income Taxes

12 Months Ended

Dec. 31, 2015

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:

		2015		2014
Net Income for Financial Reporting Purposes	$	491,499	$	1,533,587
Depreciation for Tax Purposes Under Depreciation     and Amortization for Financial Reporting Purposes		149,060		129,852
Acquisition Costs Expensed for Financial Reporting     Purposes, Capitalized for Tax Purposes		0		62,022
Gain on Sale of Real Estate for Tax Purposes     Under Gain for Financial Reporting Purposes		0		(195,505)
Taxable Income to Partners	$	640,559	$	1,529,956

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:

		2015		2014
Partners' Capital for Financial Reporting Purposes	$	13,580,725	$	15,591,281
Adjusted Tax Basis of Investments in Real Estate     Over Net Investments in Real Estate     for Financial Reporting Purposes		1,035,417		886,357
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	$	17,836,306	$	19,697,802