This document discusses the tax consequences of the Access Fund's investments, activities, income, gain, and loss, including indirect investments as a limited partner of the underlying fund. It covers topics such as the tax basis of a limited partner's interests, distributions, and allocations of income and loss to limited partners. The document emphasizes the conditions under which distributions are taxable and the rules for recognizing gain or loss. It also discusses the allocation of income and loss according to the partnership agreement and the potential for IRS challenges.
documents/vol00010-efta01354637-pdf.pdf
{"document_type":"financial","document_subtype":"tax document","key_organizations":["Access Fund"]}