You are required to disclose any income you receive from Arrived Homes to the IRS.
With regard to tax structure, we elect each property Series LLC to be taxed as a REIT. This structure allows us to report on a 1099 form. We will send you the corresponding summarized tax disclosure form (specifically a 1099-DIV) for your investment by the end of January of the following year, so that you can file your taxes appropriately.
Because of our REIT tax structure, investing in states that you don't live in will not trigger additional tax filing requirements. Any relevant state taxes would be based on the state where an investor files their tax returns, not where the property is located.