Rhodes lists a K-1 you won't get, or leaves out one you will.
In Rhodes: Documents → Expected, or the investment's page
How Rhodes decides
Rhodes works the list out from your investment records. It expects a K-1 for a tax year when one of your active entities held the investment during that year, and at least one of these is true:
- The investment is a fund, private equity or real estate investment. These are the default types; owners and admins can change them (see Choose Which Investment Types Send K-1s).
- The investment sent that entity a K-1 for an earlier year.
- A K-1 from the investment to that entity is already in Rhodes.
Rhodes expects K-1s from your own SPVs differently (see K-1s from Your Own SPVs).
An investment with an exit date isn't expected after the year it was exited. And every K-1 is tied to an investment and the entity that holds it, so an investment with no holding entity can't produce one. The Expected tab counts these ("2 investments have no holding entity, so no K-1s can be expected for them."); choose Review to list them, then open each one and add the entity that holds it.
A K-1 that won't come this year
The position was sold, or the fund doesn't issue K-1s. On the row, open the three-dot More actions menu and choose Not expected this year. The row moves to the Not expected tab. The choice applies to that tax year only. To put it back, open the Not expected tab and choose Expect it again on the row.
To do several at once, choose Select on the To collect tab. Tick the rows you want (or Select all not yet received), then choose Mark not expected with the number ticked. Rhodes asks you to confirm first. Done leaves Select without changing anything.
A K-1 Rhodes left out
An LLC startup that sends K-1s, for example. Choose Expect a K-1…, then pick the Investment, the entity it's Held by, and the Tax year. The row says "You added this". Until it's received, its More actions menu has Remove from expected, which takes it off again.
Members, admins and owners can make these changes. Chat can too: "Fenwick Trust won't get a K-1 from Northgate Ventures II for 2025; it sold out in 2024." Chat shows you the change before making it.