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, 2014

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,
	2014	2013
Net income (loss) per financial statements	$ (542)	$ (1,633)
Investment in Local Partnerships	1,094	4,903
Net income (loss) per tax return	$ 552	$ 3,270
Net income (loss) per limited partnership interest	$ 7.59	$ 44.95