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 (Loss) for Financial Reporting Purposes	$	(768,915)	$	(615,629)
Depreciation for Tax Purposes Under Depreciation     and Amortization for Financial Reporting Purposes		76,399		134,269
Income Accrued for Tax Purposes Over     Income for Financial Reporting Purposes		420		0
Real Estate Impairment Loss     Not Recognized for Tax Purposes		1,277,928		830,973
Loss on Sale of Real Estate for Tax Purposes     Compared to Gain for Financial Reporting Purposes		(2,054,033)		0
Taxable Income to Members	$	(1,468,201)	$	349,613

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:

		2019		2018
Members’ Equity for Financial Reporting Purposes	$	9,213,817	$	10,360,462
Adjusted Tax Basis of Investments in Real Estate     Over Net Investments in Real Estate     for Financial Reporting Purposes		1,892,469		2,592,175
Income Accrued for Tax Purposes Over     Income for Financial Reporting Purposes		19,786		19,366
Syndication Costs Treated as Reduction     of Capital For Financial Reporting Purposes		2,691,997		2,691,997
Members’ Equity for Tax Reporting Purposes	$	13,818,069	$	15,664,000