A tax document generated by a form 1065, issued by a partnership (LLC or LP) entity to another entity or individual which reports the income, losses, and dividends of a business that is allocated to each partner of a partnership. Each partner is required to report the information in the K-1 in their personal income tax return. SPVs are partnerships requiring them to file a 1065 form with the IRS each year the SPV has a taxable event. Each 1065 filing generates a K-1 for each SPV investor.
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