Taxable income is calculated in all aspects of the project including construction losses, operating income or losses, and residuals. Each of these three tax values or liabilities can be separately assigned to participants in the deal. If these specific provisions are not made, then all tax implications are distributed in accord with the distribution of cash flow input as AVI[83-85].
In addition to these inputs for sharing ownership of the total project, inputs are available for land sale leaseback deals, participations at various levels of operating cash flow (called "kickers"), and for preferred returns. These various means of sharing ownership are discussed below.