The document outlines tax implications for non-corporate Limited Partners investing in the Access Fund managed by Southern Financial LLC. It discusses the investment interest limitation, passive activity loss rules, at-risk limitations, and the deductibility of fund expenses. Non-corporate Limited Partners are advised to consult tax advisors regarding these limitations.
doj/DataSet10/EFTA01382995.pdf
{"document_type":"financial","document_subtype":"investment memorandum","key_organizations":["Southern Financial LLC","Access Fund"],"reference_numbers":["DB-SDNY-0082574","SDNY_GM_00228758","EFTA01382995"]}