Second, this problem is not unique to your project. The payment of a capital contribution by a general partner does not create a deduction for the general partner entity. The payment of the deferred development fee by the partnership creates ordinary income for the developer entity.Assuming the owner of the general partner entity and the developer entity are related parties, the tax result of the above is phantom income.his revised projection should give you a good indicator of the time period remaining to pay off the deferred development fee and to develop a reasonable repayment schedule. In general, the goal is to repay the deferred development fee prior to exhausting the investor limited partnerâs positive capital account.
The summer solstice occurs at the moment the earth's tilt toward from the sun is at a maximum. Therefore, on the day of the summer solstice, the sun appears at its highest elevation with a noontime position that changes very little for several days before and after the summer solstice.
First Day of Summer. Summer Solstice-longest day of the year. June (6/20/08, 6/21/09, 6/21/10, 6/21/11, 6/20/12, 6/21/13, 6/21/14, 6/21/15, 6/20/16, 6/21/17, 6/21/18, 6/21/19, 6/20/20). 1  Summer Solstice. 2  Summer Solstice. 3  Earth's Seasons-Summer Solstice.