Illegal Activity
none
Blackmail
none
Date
Unknown
Document Type
other
Model
gemini-2.0-flash-001
Processed
2026-02-07T18:41
Summary
This document discusses the tax implications for limited partners selling their interests in the Access Fund. It covers capital gains, tax basis adjustments, and limitations on investment interest deductions, emphasizing the importance of understanding these factors when dealing with partnership interests.
Metadata
- Subject
- Sale of Interests, Tax Basis Adjustments, Limitation on Deductibility of Interest Expense
- Sender
- —
- Recipients
- —
- Document ID
- DB-SDNY-0094521, SDNY_GM_00240705
- Date
- —
Relationships 2
| Entity 1 | Relationship | Entity 2 | Description |
|---|---|---|---|
| Limited Partner | business | Access Fund | Limited Partner's sale of Interests in the Access Fund |
| General Partner | business | Partners | General Partner's role in Partnership Agreement and tax basis adjustments |
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
- Assets
Transactions:
- Sale of Interests
- Tax Basis Adjustments
- Distributions of cash or property
Raw Analysis JSON
click to expand
Themes
Financial transactions/money flowLegal matters/litigationBusiness dealings
People 1
Organizations 2
Access FundIRS
Locations 1
U.S.
Text Analysis
- Tone
- Professional
- Purpose
- To explain the tax implications of selling interests in a limited partnership, tax basis adjustments, and the deductibility of investment interest expense.
- Significance
- This document outlines the tax considerations for limited partners selling their interests in the Access Fund, including potential gains or losses, tax basis adjustments, and limitations on the deductibility of investment interest expense.
File Info
- File Name
- EFTA01390133.txt
- Dataset
- dataset_10
- Type
- Text
- Model
- gemini-2.0-flash-001
- Processed
- 2026-02-07T18:41:33.100802
- DOJ Source
- View on DOJ