💨IMPACT LEVEL 1 — MEH
Epstein File EFTA01378595: Asset (DS10)
Financial RecordDate unavailableEFTA013785951 keyword hits
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This document contains partnership or trust agreement language regarding asset disposition, gain/loss computation, and depreciation calculations for tax purposes. It specifies that gains or losses from asset disposition are computed by reference to Gross Asset Value for federal income tax purposes, regardless of adjusted tax basis differences.
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Excerpt 1
as gain or loss from the
disposition of such **asset** for purposes of computing Profits or Losses;
(d) Gain or loss resulting from any disposition of property
Excerpt 2
with respect
to which gain or loss is recognized for federal income tax purposes shall be
computed by reference to the Gross **Asset** Value of the property
Excerpt 3
disposed of
notwithstanding that the adjusted tax basis of such property differs from its Gross
**Asset** Value; and
(e) Depreciation shall be taken into
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