This type of investment requires no involvement on behalf of the investor and can be viewed as similar to mutual fund investing although with significantly more risk.
It was the choice of people looking for a legal way to reduce their annual tax liability.
Many of these investments were specifically designed to report losses and reduce the taxable income of the limited partners.
Over the last several years many individuals of seemingly average means have become high net worth individuals.
Unfortunately, as the nest eggs of one’s clients grow, so does the complexity of valuing and distributing such estates.