---
title: Someone is transferring an interest to me. What do I need to do?
description: Learn how a transfer of interest affects your taxes as an investor, including how K-1s are split between transferor and transferee based on the effective date.
---

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# Someone is transferring an interest to me. What do I need to do?

Accept the email invite, choose or create a profile, complete identity verification (KYC), and sign the transfer agreement.

1. Open the invite email from Sydecar and select the link.
2. Choose the profile that will receive the interest, or create one.
3. Complete identity verification (KYC).
4. Sign the transfer agreement.

The transfer is complete once the other parties and Sydecar sign. You become the owner on the effective date. Any payment goes directly to the transferor, not through Sydecar.

Need help? Contact [operations@sydecar.io](mailto:operations@sydecar.io) with questions about transfers of interest.

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