The document discusses the tax consequences for Limited Partners in the Access Fund, including tax basis, 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/EFTA01382994.pdf
{"document_type":"financial","document_subtype":"tax document","key_organizations":["Southern Financial LLC","Access Fund"],"reference_numbers":["DB-SDNY-0082572","SDNY_GM_00228756","EFTA01382994"]}