Think Outside the Tax Box
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Think Outside the Tax Box
Vibe Preparing: Ignoring Partnership Agreement Impacts on K1s - 09-15-25
Nothing derails a busy season schedule like being forwarded emails from client’s investors asking “are you sure the loss is allocated correctly?” It can expose a weakness in technical expertise – especially when it’s a partnership K1. Whether the operating agreement includes Safe Harbor or Target Capital allocations is one of the most important places to start for a preparer. And knowing these basics can be the difference between a confident reply or a lost week. Listen in as we discuss!
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