The document outlines the financial reporting and tax implications for Limited Partners of the Access Fund, managed by Forrestal Capital LLC. It details the provision of audited financial statements, IRS Schedule K-1, and quarterly reports to Limited Partners. It also discusses the U.S. federal income tax treatment of the Access Fund as a partnership and the implications for U.S. Tax-Exempt Investors, including the potential receipt of Unrelated Business Taxable Income (UBTI). The document advises Non-U.S. Investors to consider the Offshore Access Fund instead.
doj/DataSet10/EFTA01393846.pdf
{"document_type":"financial","document_subtype":"financial report","key_organizations":["Forrestal Capital LLC","Access Fund","U.S. Internal Revenue Service"],"reference_numbers":["DB-SDNY-0099674","SDNY_GM_00245858","EFTA01393846"]}