The document outlines tax implications for investors in the Onshore Feeder Fund, including tax basis adjustments, distributions, and sale or disposition of interests. It discusses how tax allocations generally follow book allocations and the potential impact of IRS challenges. It also details how cash and property distributions affect an investor's tax basis and the tax consequences of selling or disposing of interests.
doj/DataSet10/EFTA01451521.pdf
{"document_type":"financial","document_subtype":"tax document","key_organizations":["Onshore Feeder Fund","IRS","Southern Financial LLC"],"reference_numbers":["DB-SDNY-0108170","SDNY_GM_00254354","EFTA01451521"]}