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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 13, 2004
Commission file number 0-15815
Krupp Insured Plus Limited Partnership
(Exact name of registrant as specified in its charter)
Massachusetts 04-2915281
(State or other jurisdiction of (IRS employer
incorporation or organization) identification no.)
One Beacon Street, Boston, Massachusetts 02108
(Address of principal executive offices) (Zip Code)
(617) 523-0066
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
SEC 873 (6-04) Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.
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Item 8.01. Other Events
Terminating Capital Transaction Distribution
The Partnership completed the process of winding up its business
during the third quarter of 2004. Upon the occurrence of a
Terminating Capital Transaction, as defined in the Partnership
Agreement, the Partnership Agreement provides that such losses,
which were approximately $175,000, were to be allocated first to the
Limited Partners and General Partners to the extent of any then
existing positive account balances (or, if the amount would be
insufficient to reduce those positive capital account balances to
zero, then in proportion to any positive account balances). As of
December 31, 2003, the General Partners had deficit account balances
of approximately $815,000 and the Limited Partners had positive
account balances of approximately $16,049,000. Therefore, all
estimated losses from the Terminating Capital Transaction were
allocated, for tax purposes, to the Limited Partners to reduce their
positive capital accounts. Subsequent to this allocation, the
General Partners had a remaining deficit balance in their capital
accounts of $826,823, which included current year distributions.
This amount was contributed to the Partnership by the General
Partners on August 31, 2004, was included with other amounts
available for distribution from the Terminating Capital Transaction,
and was distributed to the Limited Partners on September 8, 2004 in
a final liquidating distribution of approximately $0.247 per Limited
Partner interest.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Krupp Insured Plus Limited Partnership
(Registrant)
BY: /s/ Alan Reese
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Alan Reese
Vice-President (Chief Accounting Officer)
of the Krupp Corporation, a General Partner
of the Registrant
Date: September 13, 2004
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