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, 2014

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, 2014 and 2013 (in thousands):
	2014	2013
Net assets as reported	$ 6,716		$ 7,2587,258
Add (deduct):
Deferred offering costs and intangibles	12,323		12,500
Investment in Local Partnerships	(7,907)(8,000)		(8,073)
Other	95		95
Net assets – Federal tax basis	$ 11,227		$ 11,780