CMS LP (multiple strategies)

CMS LP (multiple strategies)

New Category LP
Investment Manager CMS
Fund Status
Archive No
Custodian N/A
Jurisdiction USA
T1135 Reporting Yes

Category 6 - Other property outside Canada
Currency USD
Tax Slip K-1
Receiver
of Tax Receipt
RFO/Client
Tax Slips Expected

 
Statements Expected

Annual
Accounting
Treatment
Per  K-1. When income is received you will reduce the investment until the tax information is received at year-end and then reclassify accordingly
Tax Memo/
Tax Treatment
Per K-1, prepare the US return with the information on the K-1. Per T5013, prepare the CDN return with the T5013 information and then and also offset taxes with a foreign tax credit due to the US filing
US Tax Return Required Yes
Type Partnership (Real Estate)

Nature
of Investment
Company located in Philadelphia, PA that is a Real Estate investment company that is associated with various partnerships
Notes CMS Value Real Estate II LP and CMS GenN*360 Capital Fund LP were dissolved in 2021. 2021 K-1 is the final K-1.