In preparing financial statements of an investment partnership, TIS Section 6910.29 clarified that, if a nonregistered investment partnership reports capital by investor class, cumulative unrealized gains (losses), carried interest, and clawback provisions would be reflected in the equity balances of each class of unitholder or partner at the balance sheet date, as if the investment company had realized all assets and settled all liabilities at the fair values reported in the financial statements, and allocated all gains and losses and distributed the net assets to each class of unitholder or partner at the reporting date consistent with the provisions of the partnership’s governing documents.