Note 5 - Income Taxes: Reconciliation between the Partnership's reported net income and the net income (loss) per tax return (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Reconciliation between the Partnership's reported net income and the net income (loss) per tax return

A reconciliation between the Partnership’s reported net income and the net income (loss) per tax return follows (in thousands, except per limited partnership interest):
	Years Ended December 31,
	2013	2012
Net income (loss) per financial statements	(1,633)	$ 3,300
Sale of partnership interest	0	(3,612)
Other	0	(177)
Investment in Local Partnerships	5,068	(289)
Net income (loss) per tax return	$ 3,435	$  (778)
Net income (loss) per limited partnership interest	$ 47.22	$ (53.36)