Note E - Income Taxes: Reconciliation of Book Net Assets (Liabilities) to Tax Basis Net Assets (Liabilities) (Tables)

12 Months Ended

Dec. 31, 2012

Tables/Schedules

Reconciliation of Book Net Assets (Liabilities) to Tax Basis Net Assets (Liabilities)

	2012	2011
	(in thousands)
Net liabilities as reported	$ (13,504)	$ (13,256)
Land and buildings	1,160	849
Accumulated depreciation	(2,676)	(2,853)
Syndication	12,427	12,427
Other	238	114
Net liabilities - Federal tax basis	$ (2,355)	$ (2,719)