Initial Investment (2014)
$6.80M
Current Outside Basis
$5.12M
Cumulative Credits Claimed
$7.71M
Projected Exit Year
2031
Outside-Basis Roll-Forward · 2014 → 2031 (Projected)
Historical (auto-calculated)
Projected (basis exhaustion)
Today
Tax Basis Agent · Calculation Trace
Verified
Step 1 · Initial contribution
Opening basis = $6,800,000
2014 cash investment, recorded against Citizens Community Capital, Inc.
Step 2 · Allocated losses
Cumulative losses through 2025: ($1,924,612)
12 years of ordinary & rental losses · agent re-keyed each year from K-1 history
Step 3 · Distributions
Cumulative distributions: ($142,000)
Cash distributed in 2019 ($82K) and 2022 ($60K)
Step 4 · 743(b) adjustment
Step-up basis: +$381,840
Investors Bank acquisition triggered partnership-level basis election
Step 5 · Final outside basis
Closing basis = $5,115,228
Reconciles to AMP report column 14 with zero variance
⚡ Auditable trace
Every line of this calculation is traceable back to the source K-1 PDF page & field. Click any step to see the underlying citation.
Year-by-Year Ledger
| Year | Loss | Distrib. | Adj. | Basis EOY |
|---|---|---|---|---|
| 2014 | ($120K) | — | — | $6.68M |
| 2015 | ($138K) | — | — | $6.54M |
| 2016 | ($156K) | — | — | $6.39M |
| 2017 | ($172K) | — | — | $6.21M |
| 2018 | ($164K) | — | — | $6.05M |
| 2019 | ($178K) | ($82K) | — | $5.79M |
| 2020 | ($188K) | — | — | $5.60M |
| 2021 | ($172K) | — | — | $5.43M |
| 2022 | ($168K) | ($60K) | — | $5.20M |
| 2023 | ($170K) | — | — | $5.03M |
| 2024 | ($148K) | — | — | $4.88M |
| 2025 | ($150K) | — | +$382K | $5.12M |
Early-Exit Scenario Modeler
Strategic Insights Agent
Hold to Maturity
2031
Exit at 15-yr compliance end
Remaining credits$3.85M
Recapture riskNone
NPV @ 8%$2.88M
Recommended
Strategic Exit
2028
Sell to secondary at 92% NAV
Capital release$4.71M
Recapture riskLow (3.2%)
NPV @ 8%$3.42M
Aggressive Exit
2026
Exit Q4 · 80% NAV
Capital release$4.10M
Recapture riskHigh (18.4%)
NPV @ 8%$2.35M