Income Taxes

12 Months Ended

Dec. 31, 2019

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:

		2019		2018
Net Income for Financial Reporting Purposes	$	1,117,800	$	328,742
Depreciation for Tax Purposes Under Depreciation     and Amortization for Financial Reporting Purposes		147,696		152,847
Gain on Sale of Real Estate for Tax Purposes     Under Gain for Financial Reporting Purposes		(166,404)		0
Taxable Income to Partners	$	1,099,092	$	481,589

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:

		2019		2018
Partners' Capital for Financial Reporting Purposes	$	11,114,273	$	11,170,452
Adjusted Tax Basis of Investments in Real Estate     Over Net Investments in Real Estate     for Financial Reporting Purposes		1,708,319		1,727,027
Syndication Costs Treated as Reduction     of Capital For Financial Reporting Purposes		3,208,043		3,208,043
Partners' Capital for Tax Reporting Purposes	$	16,030,635	$	16,105,522