Epstein File EFTA01394154: Holder, Fifteen and Treat (DS10)

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⚡IMPACT LEVEL 3 — NOTEWORTHY

Epstein File EFTA01394154: Holder, Fifteen and Treat (DS10)

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This document contains tax and investment guidance regarding the Access Fund, detailing how start-up and organizational expenses are amortized over a fifteen (15) year period for U.S. federal income tax purposes. It discusses the treatment of gains and losses on debt investments, the tax character of dispositions depending on the holder's circumstances, and elections regarding market discount income inclusion.

👤 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