- 6 -
1.e PER EXAM PER RETURN ADJUSTMENT
Other Income (loss) $0 ($26,992) $26,992
from Ampersand
Management Company
Inc, Schedule K-1,
Line 6
SIF LLC (Partnership) losses claimed by you for the
Hong Kong dollar forward contract, Argentine peso
forward contract and Japanese Yen option in the amount
of $26,992 for the taxable year did not meet the
requirements for deduction under the IRC, including but
not limited to section 165 and 465. * * *
1.f PER EXAM PER RETURN ADJUSTMENT
Other Deductions $0 ($107,250) $107,250
from Ampersand
Management Company
Inc, Schedule K-1,
Line 10 - Management Fee
1.g PER EXAM PER RETURN ADJUSTMENT
Other Deductions $0 ($25,732) $25,732
from Ampersand
Management Company
Inc, Schedule K-1,
Line 10 - Loan Breakage Fee
1.h PER EXAM PER RETURN ADJUSTMENT
Other Deductions $0 ($2,644) $2,644
from Ampersand
Management Company
Inc, Schedule K-1,
Line 10 - Guaranteed Payment
1.i PER EXAM PER RETURN ADJUSTMENT
Other Deductions $0 ($9,601) $9,601
from Ampersand
Management Company
Inc, Schedule K-1,
Line 10 - Bank Fee
The * * * items were treated as reductions to your
basis in assets distributed to you by SIF LLC
(Partnership). * * * Since these expenses did not
meet the requirements for a deduction under the IRC
including, but not limited to, the requirements under
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Last modified: May 25, 2011