HOUSE_OVERSIGHT_026778.txt

The document discusses The 2017 Tax Reform Act and its impact on fund managers and their funds. Key provisions include the carried interest rule and other changes affecting asset management firms and investors. Richard Kahn from HBRK Associates Inc. is forwarding this information to Jeffrey E. Jeyacation@gmail.com, who can contact Alex Gelinas or Steven Etkind for further information. The Tax Act contains significant changes since 1986, with some provisions taking effect on January 1, 2018. However, the "future profits only" interest in a partnership continues to be eligible for tax-free treatment under the new law.