Income Taxes

12 Months Ended

Dec. 31, 2018

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:

		2018		2017
Net Income (Loss) for Financial Reporting Purposes	$	(615,629)	$	228,997
Depreciation for Tax Purposes Under Depreciation     and Amortization for Financial Reporting Purposes		134,269		128,943
Real Estate Impairment Loss     Not Recognized for Tax Purposes		830,973		0
Taxable Income to Members	$	349,613	$	357,940

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:

		2018		2017
Members’ Equity for Financial Reporting Purposes	$	10,360,462	$	11,655,674
Adjusted Tax Basis of Investments in Real Estate     Over Net Investments in Real Estate     for Financial Reporting Purposes		2,592,175		1,626,933
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	$	15,664,000	$	15,993,970