- 41 -
funds to the partnership. The returns filed on behalf of
EA 83-XII for the years in issue report the following
liabilities to the general partner on Schedule L, Balance
Sheets:
Year Ended Amount of Advances Accrued Interest
12/31/83 $2,991 -0-
12/31/84 104,754 $7,147
12/31/85 57,567 12,929
EA 83-XII reported the following interest expense on
its returns for the years in issue:
1983 1984 1985
Interest (noninvestment) $466,358 $539,893 $560,177
Investment interest income 66,366 -0- -0-
Total 532,724 539,893 560,177
The difference between the above amounts and the interest
paid or incurred with respect to the partnership's first
mortgage notes is as follows:
1983 1984 1985
Total interest expense reported$532,724 $539,893 $560,177
Interest on first mortgage notes532,759 532,759 532,759
Difference (35) 7,134 27,418
The record of this case does not explain the above
differences.
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