8. Taxable Loss: Reconciliation of Financial Statement Net Income (Loss) to the Tax Return Loss (Tables)

12 Months Ended

Mar. 30, 2013

Tables/Schedules

Reconciliation of Financial Statement Net Income (Loss) to the Tax Return Loss

	2013	2012	2011
Financial statement net income (loss) for the years ended March 30, 2013, 2012 and 2011	$(7,626)	$2,585	$ 13,297
Add (less) net transactions occurring between
January 1, 2010 and March 30, 2010	--	--	(64,011)
January 1, 2011 and March 30, 2011	--	(56,423)	56,423
January 1, 2012 and March 30, 2012	78,928	(78,928)	--
January 1, 2013 and March 30, 2013	23,434	--	--
Adjusted financial statement net income (loss) for the years ended December 31, 2012, 2011 and 2010	94,736	(132,766)	5,709
Management Fees deductible for tax purposes when paid	(72,441)	86,495	(150,880)
Differences arising from equity in loss of investment in local partnerships	(297,896)	(461,155)	(607,788)
Difference in gain (loss) on sale of limited partner interests/local partnership properties	(168,307)	--
Other income from local partnerships	(36,250)	(6,250)	(2,500)
Other differences	(2,754)	(2,262)	2,812
Tax return loss for the years ended December 31, 2012, 2011 and 2010	$ (482,912)	$ (515,938)	$ (752,647)