The parties recognize that each parcel of real property is encumbered by loans and requires certain maintenance, upkeep and repair and certain other expenses for its operation. The parties further understand that at the present time neither parcel of real property produces sufficient cash flow to meet loan payments and the other expenses referred to above. Commencing with the calendar year 19__, the parties shall contribute equally to their collective share of the money required to meet loan payments or expenses. Except as otherwise provided in this agreement, the parties shall each report on their federal and state income tax returns ½; of their collective share of the income and ½; of their collective share of the deductions, including (but not limited to) depreciation, arising from or related to the property. Upon the sale or other disposition of either or both the parcels of real property, each party shall be responsible for reporting on his or her respective income tax returns his or her share of the gain or loss, if any, realized from such sale or disposition, and, for purposes of computing the same, all depreciation taken by husband with respect to the property in the calendar year 19__ shall only reduce the basis of husband in the property and not the basis of wife.