The document discusses the tax implications and considerations for Limited Partners in the sale of interests in the Access Fund managed by Third Lake Capital. It covers topics such as capital gain or loss recognition, tax basis adjustments, and limitations on the deductibility of interest expenses. The document also outlines the conditions under which the Access Fund would terminate for U.S. federal income tax purposes and the potential elections under Sections 754 and 743 of the Internal Revenue Code.
doj/DataSet10/EFTA01391094.pdf
{"document_type":"financial","document_subtype":"investment fund document","key_organizations":["Third Lake Capital","Access Fund"],"reference_numbers":["DB-SDNY-0095833","SDNY_GM_00242017","EFTA01391094"]}