And then there is this:
THE PARTNERSHIP HAS TAKEN POSITION THAT IT IS ENGAGED IN THE
ACTIVE CONDUCT OF BUSINESS AS A "TRADER" IN SECURITIES.
UNLESS OTHERWISE INDICATED, THE TRADING ACTIVITIES OF THE
PARTNERSHIP ARE NOT PASSIVE LOSSES AND ARE NOT PORTFOLIO
LOSSES FOR PURPOSES OF THE PASSIVE ACTIVITY LOSS RULES UNDER
TEMP. REG. SEC. 1.469-1T(E)(6) AND SEC.1.469-2T(C)(3)(II)D).
CONSULT YOUR TAX ADVISOR.
