The document discusses the tax consequences of the Access Fund's investments, activities, income, gain, and loss, particularly focusing on the tax basis of Limited Partners in their interests, distributions, and allocations of income and loss. It outlines how a Limited Partner's tax basis is calculated, the tax implications of cash and property distributions, and the allocation of income and loss according to the Partnership Agreement. The document also notes the potential for IRS challenges to the Fund's allocations.
doj/DataSet10/EFTA01394151.pdf
{"document_type":"financial","document_subtype":"tax document","key_organizations":["Access Fund","Limited Partner","IRS"]}