Will I receive a K-1 or a 1099? What is the name of the tax document?

Investors will receive either a 1099 or Substitute 1099 or a Profit and Loss statement (PnL) that contains the information for your tax advisor to input on schedule E of the 1040 tax return. You will not receive a K-1 as K-1s report partnership income and partnerships are not eligible for 1031 exchange.