Note 5 - Income Taxes: Reconciliation between the Partnership's reported amounts and the Federal tax basis of net assets (Tables)

12 Months Ended

Dec. 31, 2013

Tables/Schedules

Reconciliation between the Partnership's reported amounts and the Federal tax basis of net assets

The following is a reconciliation between the Partnership’s reported amounts and the Federal tax basis of net assets at December 31, 2013 and 2012 (in thousands):
	2013	2012
Net assets as reported	$  7,258	$  8,891
Add (deduct):
Deferred offering costs	9,367	9,367
Investment in Local Partnerships	(8,000)	(13,392)
Other	3,349	3,673
Net assets – Federal tax basis	$ 11,974	$  8,539