Income Tax Basis Net Income and Partners' Capital

12 Months Ended

Dec. 31, 2011

Income Tax Basis Net Income & Partners' Capital [Abstract]

Income Tax Disclosure [Text Block]

INCOME TAX BASIS NET INCOME AND PARTNERS' CAPITAL

A reconciliation of the Partnership's financial statement net income (loss) to net income (loss) presented in accordance with the federal income tax basis of accounting is as follows for the years ended December 31, 2011, 2010, and 2009:

	2011			2010			2009
Financial statement net income (loss)	$	553,476		$	(393,956	)	$	(38,198	)
Adjustments in net income resulting from:
Bad debt (recoveries) expense for financial reporting purposes in excess of    amounts for income tax purposes	—			—			(1,561		)
Depreciation expense for financial reporting purposes (less than) greater than amounts for income tax purposes	(12,374		)	18,534			18,521
Rental income accrued for financial reporting purposes (greater than) less than amounts for income tax purposes	(11,827		)	106,025			93,642
Gains on sale of properties for financial reporting purposes in excess of    income tax purposes	(580,348		)	(72,753		)	—
Impairment losses taken for financial reporting purposes in excess of    amounts for income tax purposes	—			565,248			—
Other	(253,893		)	(65,455		)	(30,403		)
Income tax basis net income (loss)	$	(304,966	)	$	157,643		$	42,001

A reconciliation of the partners' capital balances, as presented in the accompanying financial statements, to partners' capital balances, as presented in accordance with the federal income tax basis of accounting, is as follows for the years ended December 31, 2011, 2010, and 2009:

	2011			2010			2009
Financial statement partners' capital	$	10,899,279		$	10,345,803		$	10,739,759
Increase (decrease) in partners' capital resulting from:
Accumulated meals and entertainment	390			390			390
Accumulated bad debt expense, net, for financial reporting purposes greater    than amounts for income tax purposes	381			381			381
Accumulated depreciation expense for financial reporting purposes    greater than amounts for income tax purposes	3,854,659			3,867,033			3,848,499
Capitalization of syndication costs for income tax purposes, which are    accounted for as cost of capital for financial reporting purposes	5,223,360			5,223,360			5,223,360
Accumulated rental income accrued for financial reporting purposes greater    than amounts for income tax purposes	(317,221		)	(305,394		)	(411,419		)
Accumulated expenses deductible when paid for income tax purposes less    than amounts accrued for financial reporting purposes	464			464			464
Accumulated expenses capitalized for income tax purposes greater than    amounts deducted for financial reporting purposes	10,145			10,145			10,145
Accumulated gains on sale of properties for financial reporting purposes in    excess of income tax purposes	(2,201,036		)	(1,620,688		)	(1,547,935		)
Accumulated impairment losses taken for financial reporting purposes in    excess of amounts for income tax purposes	703,543			703,543			138,295
Other	(355,054		)	(101,161		)	(35,706		)
Income tax basis partners' capital	$	17,818,910		$	18,123,876		$	17,966,233