Note 2 - Organization and Summary of Significant Accounting Policies: Basis of Presentation (Policies)	12 Months Ended
Dec. 31, 2012
Policies
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States. The Partnership’s management evaluated subsequent events through the time this Annual Report on Form 10-K was filed. Certain reclassifications have been made to the 2011 balances to conform to the 2012 presentation.

Note 2 - Organization and Summary of Significant Accounting Policies: Basis of Presentation (Policies)

12 Months Ended

Dec. 31, 2012

The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States.

The Partnership’s management evaluated subsequent events through the time this Annual Report on Form 10-K was filed.

Certain reclassifications have been made to the 2011 balances to conform to the 2012 presentation.

REAL ESTATE ASSOCIATES LTD VII 10-K