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Equity
9 Months Ended
Sep. 30, 2011
Equity 
Schedule of Distributions Made to Members or Limited Partners, by Distribution [Table Text Block]

Note D – Distribution Payable

 

In 2009, the Partnership recorded a distribution payable representing the estimated Illinois withholding taxes to be paid by the Partnership on behalf of certain partners in connection with the sale of Autumn Run Apartments. During the nine months ended September 30, 2010, the Partnership paid approximately $222,000 of such nonresident withholding taxes. The remaining distribution payable of approximately $229,000 at December 31, 2010 was paid to certain limited partners during the nine months ended September 30, 2011.

 

During the nine months ended September 30, 2010, the Partnership paid approximately $87,000 to the General Partner that was accrued as a distribution payable as a result of amounts that were previously withheld from proceeds of the 2008 sales of Cooper's Point Apartments and Copper Mill Apartments and the 2009 sale of Autumn Run Apartments.



During the nine months ended September 30, 2010, the Partnership recorded a distribution to the General Partner of approximately $97,000.  The Partnership had previously paid this amount of nonresident withholding taxes on behalf of the General Partner and recorded it in receivables and deposits on the consolidated balance sheets.  During the nine months ended September 30, 2010, the Partnership deemed this amount a distribution to the General Partner.