Blackstone Tactical Opportunities Fund - H LP (''BTOF H LP'')
Blackstone Tactical Opportunities Fund - H LP (''BTOF H LP'')
New Category | LP |
Investment Manager | Blackstone Group |
Fund Status | |
Archive | No |
Custodian | N/A |
Jurisdiction | USA |
T1135 Reporting | Yes Section: Category 6 - Other property outside Canada |
Currency | USD |
Tax Slip | 7 K-1 & 3 PFIC for 2022 Clients initially invested in BTOF H LP. BTOF H LP then invests in other funds. Each underlying fund issues a K-1/PFIC. |
Receiver of Tax Receipt |
RFO/Client |
Tax Slips Expected |
June/July |
Statements Expected |
Quarterly |
Accounting Treatment |
Per K-1 and PFIC slips. When distributions are received you will decrease the ACB of the investment until the tax information is received at year-end and then reclassify accordingly |
Tax Memo/ Tax Treatment |
All 7 K-1s and 3 PFIC slips should be picked up (for 2022). Withholding taxes paid on distributions are not always eligible for the Foreign Tax Credit (FTC). FTC should be recorded based on Form1042-S. |
US Tax Return Required | No |
Type | Partnership |
Nature of Investment |
Global flexible investment mandate that will include different asset classes such as public and private real estate and equity as well as credit strategies |
Notes |