Receiving multiple tax forms for your Fundhomes investments is a common scenario if your portfolio is diversified across various investment products.
Here's what you can typically expect:
- For Real Estate Crowdfunding investments (e.g. Polaris property) generating aggregate distributions of $10 or more in a tax year, you will receive a Form 1099-DIV.
- If you hold shares in the Vacation Rental Fund, you should receive a Schedule K-1.
These multiple forms are designed to provide a comprehensive overview of the income generated from each specific investment within your portfolio. Be sure to include the information from each relevant form when filing your taxes for accurate reporting.