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.
On Winter Solstice, the polar North receives no energy from the Sun. In contrast, the amount of incoming solar energy the Earth receives on June 21, Summer Solstice, is 30 percent higher at the North Pole than at the Equator. The contrast between Winter and Summer Solstice is illustrated in these images.
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.