The document outlines tax provisions related to the Access Fund managed by Southern Financial LLC. It discusses the treatment of investment income, limitations on interest deductions, passive activity loss restrictions, at-risk limitations, and the deductibility of fund expenses for non-corporate Limited Partners. It advises prospective investors to consult tax advisors regarding these limitations.
documents/vol00010-efta01364722-pdf.pdf
{"document_type":"financial","document_subtype":"investment fund tax provisions","key_organizations":["Southern Financial LLC","Access Fund"],"reference_numbers":["GLDUS238","DB-SDNY-0055270","SDNY_GM_00201454","EFTA01364722"]}