Please note that Opto is not a tax advisor and cannot offer guidance on necessary filings or individual tax situations.
In practice, state filings can vary based on each person's tax circumstances, so it’s best for every investor to consult with their tax advisor to confirm filing and payment requirements. At the fund level, each investor will receive a K-1. Depending on the fund’s underlying investments, there might be income exposed to multiple states, which could lead to additional state filing requirements. A tax advisor can provide the most accurate guidance on what is needed.