Each investor will receive a K1 or 1099 for tax purposes depending on the investment’s legal structure. The structure of the particular investment will be stated on each offer's detail page.
Investors will only receive a state-issued K1 if the state they live in requires it. Each SPV is formed in Delaware, and state taxes only apply to the state you reside in. If you are a resident of New York State, you may receive a federal and state-issued K1.
Interest income on your K1 or 1099 will generally be taxed as ordinary income.