Income Taxes

12 Months Ended

Dec. 31, 2019

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:

		2019		2018
Net Income for Financial Reporting Purposes	$	1,522,825	$	5,187,932
Depreciation for Tax Purposes Under Depreciation     and Amortization for Financial Reporting Purposes		109,489		58,386
Income Accrued for Tax Purposes Over (Under)     Income for Financial Reporting Purposes		(13,474)		17,873
Gain on Sale of Real Estate for Tax Purposes     Over (Under) Gain for Financial Reporting Purposes		53,680		(240,752)
Taxable Income to Partners	$	1,672,520	$	5,023,439

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:

		2019		2018
Partners' Capital for Financial Reporting Purposes	$	14,282,174	$	14,465,369
Adjusted Tax Basis of Investments in Real Estate     Over Net Investments in Real Estate     for Financial Reporting Purposes		1,003,761		840,592
Income Accrued for Tax Purposes Over     Income for Financial Reporting Purposes		17,873		31,347
Syndication Costs Treated as Reduction     of Capital For Financial Reporting Purposes		3,271,273		3,271,273
Partners' Capital for Tax Reporting Purposes	$	18,575,081	$	18,608,581