Income Taxes

12 Months Ended

Dec. 31, 2017

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:

		2017		2016
Net Income for Financial Reporting Purposes	$	228,997	$	302,853
Depreciation for Tax Purposes Under Depreciation     and Amortization for Financial Reporting Purposes		128,943		129,379
Income Accrued for Tax Purposes Over (Under)     Income for Financial Reporting Purposes		0		19,366
Acquisition Costs Expensed for Financial Reporting     Purposes, Capitalized for Tax Purposes		0		55,479
Taxable Income to Members	$	357,940	$	507,077

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:

		2017		2016
Members’ Equity for Financial Reporting Purposes	$	11,655,674	$	12,144,131
Adjusted Tax Basis of Investments in Real Estate     Over Net Investments in Real Estate     for Financial Reporting Purposes		1,626,933		1,497,990
Income Accrued for Tax Purposes Over     Income for Financial Reporting Purposes		19,366		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	$	15,993,970	$	16,353,484