Note 1 - Organization and Summary of Significant Accounting Policies: Net Income (Loss) Per Limited Partnership Interest (Policies)	3 Months Ended
Mar. 31, 2015
Policies
Net Income (Loss) Per Limited Partnership Interest	Net Income (Loss) Per Limited Partnership Interest Net income (loss) per limited partnership interest was computed by dividing the limited partners’ share of net income (loss) by the number of limited partnership interests outstanding at the beginning of the year. The number of limited partnership interests used was 72,007 and 72,017 for the three months ended March 31, 2015 and 2014, respectively.

Note 1 - Organization and Summary of Significant Accounting Policies: Net Income (Loss) Per Limited Partnership Interest (Policies)

3 Months Ended

Mar. 31, 2015

Policies

Net Income (Loss) Per Limited Partnership Interest

Net income (loss) per limited partnership interest was computed by dividing the limited partners’ share of net income (loss) by the number of limited partnership interests outstanding at the beginning of the year. The number of limited partnership interests used was 72,007 and 72,017 for the three months ended March 31, 2015 and 2014, respectively.

- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

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NATIONAL TAX CREDIT INVESTORS II 10-Q