Epstein File EFTA01364723: Holder, Fifteen and Treat (DS10)

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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01364723: Holder, Fifteen and Treat (DS10)

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This document contains tax and financial analysis regarding the Access Fund's treatment of investment gains and losses. It discusses amortization of start-up and organizational expenses over a fifteen-year period for U.S. federal income tax purposes, and addresses how the fund holder must treat gains on debt investments and market discount elections depending on circumstances at the time of disposition.

👤 Named in This Document

Eric Holder

🔑 Evidence Keywords

fifteen treat

📋 Key Excerpts5

PersonKeyword

Excerpt 1

Start-up and organizational expenses are generally amortized for U.S. federal income tax purposes over a **fifteen** (15) year period.

Excerpt 2

Upon disposition of such an obligation, the Access Fund generally would be required to **treat** gain recognized as ordinary income to the extent of the market

Excerpt 3

Any gain or loss realized on the disposition of debt investments may, depending upon the circumstances of the **holder** at the time of any such sale, be treated