Each Series under our Delaware Series LLC is designed to be tax-transparent, meaning investors are taxed individually based on their share of income or gains — not at the entity level. This structure keeps things simple, compliant, and investor-aligned.
1. Tax-Transparent Pass-Through Structure
• Every Series is treated as a pass-through entity for U.S. tax purposes.
• There is no entity-level tax — all income, gains, and losses are passed directly to the investors.
• Investors report their share of results on their personal or institutional tax returns.
👉 You’re only taxed on your portion of the profits (or losses), and only when those events occur.
2. Annual Tax Documents (K-1s)
Each investor receives a Schedule K-1 annually for each Series they participate in.
The K-1 details your share of:
• Income and gains (e.g., interest, capital gains)
• Expenses and losses
• Distributions (if any)
K-1s are prepared and distributed via email and/or in the Uniborn app, by March 15th the following tax season.
3. International Investors
Non-U.S. investors can participate, but:
• May be subject to withholding taxes depending on jurisdiction.
• Must complete relevant IRS forms (e.g., W-8BEN, W-8BEN-E).
• May need to file a U.S. tax return depending on distributions and deal outcomes.
We work with our tax partners to provide support, but non-U.S. investors are strongly encouraged to consult their own advisors for jurisdiction-specific requirements.
4. Crypto-Funded Deals & Tax Treatment
For crypto-based contributions:
• The IRS treats crypto transfers as dispositions — a taxable event.
• Investors may need to report gains/losses upon sending crypto to the SPV wallet.
• Profits or losses from the investment itself are treated like any other capital investment.
5. Tax Considerations to Keep in Mind
• Carry paid to Advisers is generally taxed as a share of profits (capital gains).
• Unreturned capital is not taxed — only realized gains are.
• You remain responsible for filing accurately and on time, using the K-1 provided.
We maintain tax transparency and operational clarity across all Series. For further details, investors should refer to Uniborn’s Terms or consult their tax professional.