K-1s are issued on an annual basis to investors within a SPV or Fund. Fund managers will also be issued a K-1 if they have invested, or if they have carry in the deal.
- The K-1 form gets filed (with the business return), and so the individual K-1 form is only to be used to input information into your personal return.
- It does not get attached and filed with a personal return.
- We encourage you to deliver the K-1 to your CPA so that they can record the information.