What tax reporting should I expect (K-1s, etc.)?.

Club deals are typically pass-through entities (partnerships). You don’t pay tax at the deal level; you pay it on your personal return.

• The Form: In the US, you receive a Schedule K-1 annually.
• The Timing: K-1s often arrive late (March/April), meaning you may need to file an extension for your personal taxes. This is a standard friction of private investing.