This document discusses the tax consequences of the Access Fund's investments, activities, income, gain, and loss, including indirect investments. It covers topics such as a Limited Partner's tax basis in its interests, distributions, and allocations of income and loss to Limited Partners. The document outlines how cash distributions are taxed, the treatment of property distributions, and the allocation of income and loss according to the Partnership Agreement. It also mentions the potential for IRS challenges to the Fund's allocations.
doj/DataSet10/EFTA01389300.pdf
{"document_type":"financial","document_subtype":"tax document","key_organizations":["Georgetown University Endowment","Access Fund","IRS"],"reference_numbers":["DB-SDNY-0093655","SDNY_GM_00239839","EFTA01389300"]}