Originally Posted by
Trip7
And where in that description did you come to the conclusion that Cares Act Funds were "Ordinary Income"?
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The question is, are they part of the PTIX?
PTIX has a specific exclusionary clause. Do they qualify as an excludable gain or loss? That depends on how you account for them in GAAP. Gain is never used to describe the CAREs funds in the 2020 10-K or the 2021 10-Qs.