Income Taxes

12 Months Ended

Dec. 31, 2022

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:

		2022		2021
Net Income (Loss) for Financial Reporting Purposes	$	2,113,645	$	441,656
Depreciation for Tax Purposes Under Depreciation     and Amortization for Financial Reporting Purposes		40,394		73,902
Income Accrued for Tax Purposes Over (Under)     Income for Financial Reporting Purposes		11,946		(19,366)
Real Estate Impairment Loss     Not Recognized for Tax Purposes		0		0
Loss on Sale of Real Estate for Tax Purposes     Compared to Gain for Financial Reporting Purposes		(531,541)		(716,856)
Taxable Income (Loss) to Members	$	1,634,444	$	(220,664)

The following is a reconciliation of Members’ Equity for financial reporting purposes to Members’ Equity reported for federal income tax purposes for the years ended December 31:

		2022		2021
Members’ Equity for Financial Reporting Purposes	$	3,765,205	$	6,539,037
Adjusted Tax Basis of Investments in Real Estate     Over Net Investments in Real Estate     for Financial Reporting Purposes		967,470		1,458,617
Income Accrued for Tax Purposes Over     Income for Financial Reporting Purposes		11,946		0
Syndication Costs Treated as Reduction     of Capital For Financial Reporting Purposes		2,691,997		2,691,997
Members’ Equity for Tax Reporting Purposes	$	7,436,618	$	10,689,651