Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
other
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:43
Summary
This document describes the tax implications for Limited Partners selling their interests in the Access Fund. It covers potential gains, losses, and the impact on the Access Fund's operations, including the need for General Partner consent for transfers and potential tax basis adjustments.
Metadata
- Subject
- Sale of Interests
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0055269
- Date
- —
Relationships 3
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Limited Partner | Financial | Access Fund | Limited Partner's sale of Interests in Access Fund |
| General Partner | Legal | Partnership Agreement | Partnership Agreement requires consent of General Partner for transfers of Interests |
| Access Fund | Legal | IRS | Access Fund's election under Section 754 of the Code requires IRS consent to revoke |
Notable Quotes 2
A Limited Partner generally will recognize capital gain or loss on the sale of Interests, except for any gain attributable to unrealized receivables or inventory• items (which arc broadly defined for this purpose) held by the Access Fund at the time of the sale.
The Partnership Agreement generally prohibits transfers of Interests without the consent of the General Partner.
Financial Information
Amounts:$250,000
Assets:
- Interests
- Unrealized receivables
- Inventory items
- Cash
- Assets
Transactions:
- Sale of Interests
- Distribution to Partners of cash or assets in-kind
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowLegal matters/litigation
Organizations 3
SOUTHERN FINANCIAL LLCAccess FundIRS
Locations 1
U.S.
Text Analysis
- Tone
- Professional
- Purpose
- To explain the tax implications of selling interests in the Access Fund.
- Significance
- This document outlines the tax implications for Limited Partners selling their interests in the Access Fund, including potential gains, losses, and the impact on the Access Fund's operations.
File Info
- File Name
- EFTA01364721.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:43:31.122904
- DOJ Source
- View on DOJ