Epstein File EFTA01355355: Asset (DS10)

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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01355355: Asset (DS10)

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This document contains partnership agreement language defining the term 'Carrying Value' as it applies to assets contributed to a partnership associated with Jeffrey Epstein. The excerpt explains that carrying value is based on adjusted basis for federal income tax purposes, with specific provisions for assets contributed to the partnership being adjusted to gross fair market value at contribution time. The document outlines technical accounting treatment of partnership assets.

👤 Named in This Document

Jeffrey Epstein

🔑 Evidence Keywords

asset

📋 Key Excerpts3

PersonKeyword

Excerpt 1

Carrying Value With respect to any **asset**, the asset's adjusted basis for federal income tax purposes; provided, however, that (i) the initial Carrying

Excerpt 2

Value of any **asset** contributed to the Partnership shall be adjusted to equal its gross fair market value at the time of its contribution, and (ii) the

Excerpt 3

The Carrying Value of any **asset** whose Carrying Value was adjusted pursuant to the preceding sentence thereafter shall be adjusted in accordance with the