K-1 Frequently Asked Questions
During tax season, we understand you may have questions about your K-1s. Please see our frequently asked questions below.
How To Use AV’s K-1 Availability Center
See video policy below.
As always, you can email Investor Relations at [email protected] for assistance.
Frequently Asked Questions
We anticipate sending all 2023 K-1s by March 31, 2024. If there are any unexpected delivery delays, we will notify you as soon as possible.
K-1s require accurate and complex analysis of tax implications related to all 1,000+ portfolio companies. It’s quite rare to receive any K-1s prior to normal tax deadlines. Each year, we make this a top priority because we know it makes a difference to our investors.
It’s possible that some K-1s will be available prior to March 31. You can check by logging in, click on the “Access K-1s” on your Message Center, or click “Documents & Tax Statements” in the top navigation bar and then scroll down to “Tax Statements.”
All investors will have the ability to receive their K-1s online. If you’ve opted to receive your K-1 electronically, we will notify you when it’s ready on or before March 31, 2023. If not, just follow the steps below:
- Log into your Investor Portal Dashboard
- Click the drop down in the upper right-hand corner of the Dashboard
- Choose “My Settings”
- Scroll to “Tax Information” and click the drop down to select “Electronic Only”
- Your K-1 delivery will now be set to “Electronic Only”
Your investment in 2024 will be reflected on your tax year 2024 Schedule K-1, which will be delivered in March 2025.
K-1 forms will be generated for any investments made via retirement funds and uploaded to your AV Investor Portal. Please consult your tax advisor to determine your filing requirements.
Please consult your tax advisors on your personal filing requirements.
If you are a non-U.S. investor who invested via the offshore vehicle (AVG Global Investor Fund 1, LP), then you will not receive a Schedule K-1. Instead, you will receive a AVG Global Investor Fund 1, LP tax summary statement detailing tax activities for your investment(s). If you are a non-U.S. investor who did not invest via the offshore vehicle (AVG Global Investor Fund 1, LP), then you will receive a 2022 Schedule K-1.
If you would like to update your Primary Residential Address with Alumni Ventures, you can do so in your online Investor Portal under “My Settings.”
- I subscribed jointly with another investor. Where do we find the K-1 for their portion of our investment?
As joint investors, both you and your co-subscriber own an equal split (50%) of the total investment — as reflected on your separate K-1s. Each of you also have your own mutually exclusive Investor Portal login. As joint investors, you will each receive an individual K-1 for your proportional ownership of the investment within your individual Investor Portals.
If you suspect an error, please email our Investor Relations team at [email protected]. To ensure that corrections are made for the 2023 tax year, please submit the necessary amendments no later than June 30, 2024.
This a new schedule created by the IRS for tax year 2021 and onward. The Form 1065 Schedule K-3 reports an investor’s distributive share of items of international tax relevance and is an extension of the Form 1065 Schedule K-1. It replaces line 16, portions of line 20, and numerous unformatted statements attached to prior versions of the Schedule K-1 Form 1065, Schedule K-1. You are getting a Schedule K-3 because the fund is required to report an investor’s distributive share of items of international tax relevance. Please consult your tax advisor.