Consolidated Statements of Cash Flows (Parenthetical) (USD $)	Dec. 31, 2012	Dec. 31, 2011
Statement Of Cash Flows [Abstract]
Cash and Cash Equivalents, discontinued operations	$ 0	$ 79,359

For the disposal group, including a component of the entity (discontinued operation), cash includes currency on hand as well as demand deposits with banks or financial institutions. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months.

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INDEPENDENCE TAX CREDIT PLUS LP III 10-Q