When will I receive my K-1(s) for the third-party fund investment(s)?
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The partnership investment structure of the third-party fund(s) requires additional time to process K-1s as it entails increased coordination with the fund managers at tax time. This is standard and expected for these types of investment opportunities.

Typically, this means investors who are to receive K-1s will elect to file an extension. K-1 tax documents for these types of investments are expected to be published to your Tax Center in September.

We are reliant on the third-party for information and we will publish the K-1s as soon as they become available. In some cases, it may be necessary for an investor to file an extension. We recommend investors consult with their own tax or accounting advisor(s) as necessary.

Why aren’t my K-1s available until September?

Similar to individuals, partnerships may file for an automatic, 6-month extension to the initial mid-March deadline. The extended deadline falls in mid-September. Based on discussions with our partners and our tax preparer, the current K-1 filing requirements will necessitate an extension for all Yieldstreet investments that generate a K-1. An additional complicating factor for partnerships is that audited financial statements are not finalized until April 30. It's only after that time that initial work on the K-1s can begin.

For the majority of Yieldstreet investments that generate K-1s, we are also waiting on K-1 filings from our third party sponsors. Those sponsors adhere to the IRS deadlines and extensions for K-1s and may not deliver to us the underlying partnership K-1s until September, at which point we use the information to complete the K-1s for the funds before the mid-September extended filing deadline. Investments structured as multi-layered partnerships have particularly complicated filing processes which may include multiple underlying filings of K-1s, K-2s and K-3s.

Why do only certain investments provide estimate K-1s?

Draft K-1s are provided when the underlying information is available. We are doing this for a small subset of active investments (our Income Notes) where such information is available. For the remainder of Yieldstreet investments where underlying information is not available, draft K-1s are not able to be produced. Once we receive the information from the sponsor or third party, we will publish investor K1s as soon as possible.

Will I receive a state K-1 form?

In some cases, investors may receive a state K-1 form in addition to their federal K-1 form. This is a state requirement that depends on the state in which the investor resides.

Although not all investors will receive a state K-1 form, they should be mindful that they are still required to report their interest income on a state level, even if they didn’t receive a state-specific K-1.

For questions specific to your state and investments, we recommend investors consult with their own tax or accounting advisor(s).

Why did I receive a state K-1 that is different from my state of residence?

For direct lender investment, K-1s are issued based on the physical location of the underlying assets, not where the investor resides.

For example, if a real estate investment’s underlying asset is located in New York City then investors in that investment will receive state K-1 from the State of New York.

For questions specific to your state and investments, we recommend investors consult with their own tax or accounting advisor(s).