8. Taxable Income (Loss): Reconciliation of Financial Statement Net Income (Loss) to the Tax Return Income (Loss) (Tables)

12 Months Ended

Mar. 30, 2013

Tables/Schedules

Reconciliation of Financial Statement Net Income (Loss) to the Tax Return Income (Loss)

	2013	2012	2011
Financial statement net income (loss) for the years ended March 30, 2013, 2012 and 2011	$(18,066)	$(339,009)	$74,872
Add (less) net transactions occurring between
January 1, 2010 and March 30, 2010	--	--	(97,168)
January 1, 2011 and March 30, 2011	--	318,640	(318,640)
January 1, 2012 and March 30, 2012	(98,124)	98,124	--
January 1, 2013 and March 30, 2013	96,256	--	--
Adjusted financial statement net income (loss) for the years ended December 31, 2012, 2011 and 2010	(19,934)	77,755	(340,936)
Management Fees and Administration Fees deductible for tax purposes when paid	24,054	(121,580)	261,370
Differences arising from equity in income (loss) of investment in local partnerships	(3,200,843)	(917,144)	(1,312,740)
Difference in gain on sale of limited partner interests/local partnership properties	1,895,353	63,426	4,810,501
Other income from local partnerships	(38,728)	(104,234)	(40,044)
Other differences	1,969	2,803	401
Tax return income (loss) for the years ended December 31, 2012, 2011 and 2010	$(1,338,129)	$(998,974)	$3,378,552