Income Taxes

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

Income Taxes

(8)  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:

		2011		2010
Net Income for Financial Reporting Purposes	$	446,206	$	149,121
Depreciation for Tax Purposes Under Depreciation     and Amortization for Financial Reporting Purposes		99,296		98,840
Income Accrued for Tax Purposes Over (Under)     Income for Financial Reporting Purposes		(7,643)		945
Acquisition Costs Expensed for Financial Reporting     Purposes, Capitalized for Tax Purposes		18,941		0
Property Expenses for Tax Purposes (Over) Under     Expenses for Financial Reporting Purposes		(267)		267
Real Estate Impairment     Not Recognized for Tax Purposes		0		218,607
Gain/Loss on Sale of Real Estate for Tax Purposes     Under Gain for Financial Reporting Purposes		(322,726)		(1,843)
Taxable Income to Partners	$	233,807	$	465,937

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:

		2011		2010
Partners' Capital for Financial Reporting Purposes	$	10,484,135	$	10,797,302
Adjusted Tax Basis of Investments in Real Estate     Over Net Investments in Real Estate     for Financial Reporting Purposes		656,702		861,191
Income Accrued for Tax Purposes Over     Income for Financial Reporting Purposes		29,457		37,100
Property Expenses for Tax Purposes Under     Expenses for Financial Reporting Purposes		0		267
Syndication Costs Treated as Reduction     of Capital For Financial Reporting Purposes		2,418,726		2,418,726
Partners' Capital for Tax Reporting Purposes	$	13,589,020	$	14,114,586