Tax season is just around the corner, so you might be waiting on all sorts of documentation and forms. Well, good news! You won’t need K1 forms from ONE ROQ this year, so you don’t need to wait on us to start filing your taxes.
There could be several reasons why you will not need any ONE ROQ K-1 forms this year, even though you may have had investment activity in your account in 2020, including:
- The Company did not disburse dividends or other payments to your account due to its stage
- The Company elected to file as a corporation in 2020 with the IRS, alleviating a K-1 Form requirement
As always, thank you for being a ONE ROQ Member-Investor, and we look forward to the year ahead in 2021.