All of the Unicorn Pairs Fund’s gains and losses are treated as Ordinary Income (§ 7.1) for tax purposes. The Fund files an IRS K-1 Form (§ 7.2) reporting the Limited Partner’s share of the Fund’s gains and losses. The Limited Partner is responsible for the taxes on their share of the Fund’s gains and losses. The only Limited Partner exempt from paying US tax on gains and losses of the Fund are Non-Profits who can show the income is related to their business and Foreign Investors that file the IRS Withholding exemption form.