Income Taxes

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

(7)  Income Taxes –

The following is a reconciliation of net income for financial reporting purposes to income reported for federal income tax purposes for the years ended December 31:

		2021		2020
Net Income for Financial Reporting Purposes	$	634,184	$	486,845
Depreciation for Tax Purposes Under Depreciation     and Amortization for Financial Reporting Purposes		53,527		115,234
Income Accrued for Tax Purposes Over (Under)     Income for Financial Reporting Purposes		(17,873)		0
Gain on Sale of Real Estate for Tax Purposes     Over (Under) Gain for Financial Reporting Purposes		(646,730)		0
Taxable Income to Partners	$	23,108	$	602,079

The following is a reconciliation of Partners' capital for financial reporting purposes to Partners' capital reported for federal income tax purposes for the years ended December 31:

		2021		2020
Partners' Capital for Financial Reporting Purposes	$	3,142,533	$	13,983,368
Adjusted Tax Basis of Investments in Real Estate     Over Net Investments in Real Estate     for Financial Reporting Purposes		525,792		1,118,995
Income Accrued for Tax Purposes Over     Income for Financial Reporting Purposes		0		17,873
Syndication Costs Treated as Reduction     of Capital For Financial Reporting Purposes		3,271,273		3,271,273
Partners' Capital for Tax Reporting Purposes	$	6,939,598	$	18,391,509