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

12 Months Ended

Mar. 30, 2019

Tables/Schedules

Reconciliation of Financial Statement Net Loss to the Tax Return Loss

	2019	2018
Financial statement net loss for the years ended March 30, 2019 and 2018	$(84,571)	$(88,291)
Add (less) net transactions occurring between
January 1, 2017 and March 30, 2017	--	(18,518)
January 1, 2018 and March 30, 2018	(24,938)	24,938
January 1, 2019 and March 30, 2019	20,896	--
Adjusted financial statement net loss for the years ended December 31, 2018 and 2017	(88,613)	(81,871)
Management Fees and Administration Fees deductible for tax purposes when paid	29,014	(686,599)
Equity in loss of investment in local partnerships	(240,116)	(221,866)
Gain on sale of limited partner interests/local partnership properties	--	(7,000)
Unrealized (gain)/loss on Pemberwick Fund and other	4,079	(2,136)
Tax return loss for the years ended December 31, 2018 and 2017	$(295,636)	$(999,472)