Income Taxes

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

(7)  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:

		2021		2020
Net Income for Financial Reporting Purposes	$	259,412	$	915,299
Depreciation for Tax Purposes Under Depreciation     and Amortization for Financial Reporting Purposes		17,520		114,564
Gain on Sale of Real Estate for Tax Purposes     Under Gain for Financial Reporting Purposes		(323,171)		(227,686)
Taxable Income (Loss) to Partners	$	(46,239)	$	802,177

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:

		2021		2020
Partners' Capital for Financial Reporting Purposes	$	10,098,032	$	11,462,303
Adjusted Tax Basis of Investments in Real Estate     Over Net Investments in Real Estate     for Financial Reporting Purposes		1,289,546		1,595,197
Syndication Costs Treated as Reduction     of Capital For Financial Reporting Purposes		3,208,043		3,208,043
Partners' Capital for Tax Reporting Purposes	$	14,595,621	$	16,265,543