Discusses authority of General Partner over tax elections affecting Limited Partners.
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This document is page 74 of a confidential legal or financial memorandum, likely related to an investment fund connected to the Epstein investigation (indicated by the House Oversight Bates stamp). The text details U.S. federal income tax definitions for U.S. and Non-U.S. partners, explains that the fund is taxed as a partnership (pass-through entity), and discusses the General Partner's authority regarding Section 754 tax elections to adjust the basis of fund assets.
Entities connected to both General Partner and MOF VI Limited Partnership (Seller)
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