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4. Distributions To Partners
3 Months Ended
Jun. 29, 2014
Notes  
4. Distributions To Partners

4.      Distributions to Partners

 

During the three months ended June 29, 2014, the Partnership paid nonresident state withholding taxes of $30,994 on behalf of certain of its limited partners (the “Limited Partners”) in connection with gains recognized by a Local Partnership for the year ended December 31, 2013. Such amount is reflected as distributions to limited partners in the accompanying unaudited financial statements as of and for the three months ended June 29, 2014. In July 2014, the Partnership made a distribution of $3.00 per unit of limited partnership interest to unit holders of record as of June 27, 2014. After deducting the nonresident state withholding taxes referred to above, the additional distribution to the Limited Partners was $76,595; the distribution to the General Partner was $1,087.