Note 4 - Income Taxes: Reconciliation between the Partnership's reported net income and the net income (loss) per tax return (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Reconciliation between the Partnership's reported net income and the net income (loss) per tax return

	Years Ended December 31,
	2013	2012
	(in thousands)
Net income per financial statements	$ (28)		$ 1,156
Gain on sale of interest in Local Limited Partnership	--		--
Loss on sale of Local Limited Partnership property	--		(805)
Partnership’s share of Local Limited Partnership	1,921		1,780
Income per tax return	$ 1,893		$ 2,131
Income per limited partnership interest	$ 1,797		$ 398.74