One of your entities is an SPV, and you want to know which of your other entities it owes a K-1.
In Rhodes: Documents → Expected, or the SPV's Documents tab
When one of your entities is set up as an investment vehicle (see Track an Entity Financials like an Investment) and another of your entities is a member of it, Rhodes expects a K-1 from the SPV to that member every year. Every SPV sends K-1s, so the investment types chosen in Settings don't matter here.
An entity counts as a member when it's on the SPV's cap table, or when a K-1 from the SPV to it is recorded on the SPV. Rhodes starts expecting K-1s from the year the member first invested. Both entities have to be active.
Where you'll see them
- Documents → Expected: a row such as "K-1 from Tarn Ridge Partners, For Fenwick Trust", with the line "Fenwick Trust is a member of Tarn Ridge Partners".
- The SPV's Documents tab: "K-1s Tarn Ridge Partners sends to your entities, tax year 2025", with each member, how many have been received and each one's history.
- The member's Documents tab: the K-1 sits in its checklist's K-1s group with its other K-1s.
They're also included in the missing documents email.
Marking them
The same choices apply as for any K-1: Mark received…, Not expected this year (in the row's More actions menu) and Expect it again (see Why Rhodes Expects a K-1, or Doesn't). When a K-1 recorded on the SPV for that member and year has its document in Rhodes, the row is marked received on its own.
Chat works too: "Fenwick Trust's 2025 K-1 from Tarn Ridge Partners came by mail. Mark it received."