Income Taxes

12 Months Ended

Dec. 31, 2023

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:

		2023		2022
Net Income for Financial Reporting Purposes	$	241,882	$	1,531,185
Depreciation for Tax Purposes Under Depreciation     and Amortization for Financial Reporting Purposes		227,564		179,184
Gain on Sale of Real Estate for Tax Purposes     Under Gain for Financial Reporting Purposes		0		(1,268,078)
Taxable Income to Partners	$	469,446	$	442,291

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AEI INCOME & GROWTH FUND XXI LIMITED PARTNERSHIP

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2023 AND 2022

(6)  Income Taxes – (Continued)

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:

		2023		2022
Partners' Capital for Financial Reporting Purposes	$	10,218,116	$	10,669,167
Adjusted Tax Basis of Investments in Real Estate     Over Net Investments in Real Estate     for Financial Reporting Purposes		428,216		200,652
Syndication Costs Treated as Reduction     of Capital For Financial Reporting Purposes		3,208,043		3,208,043
Partners' Capital for Tax Reporting Purposes	$	13,854,375	$	14,077,862