LP Tax Prep & Advisory

Tax Prep & Advisory Built
for Limited Partners

Specialized tax preparation and year-round advisory for limited partners in real estate syndications and funds. Built around the one thing generic preparers get wrong: your K-1s.

Schedule an Intro Call

A short call to map your LP positions to the right tier. Fixed annual fee, no surprises.

Multi-K-1
Built for stacked partnership income
Multi-state
Nexus, PTET & composite handled
Year-round
Advisory, not just April

What It Is

A Tax Service Designed Around the Real Estate K-1

If you invest as a limited partner in syndications or funds, your return looks nothing like a standard 1040. You are juggling multiple K-1s, multi-state filings, passive activity rules, and basis that has to be tracked correctly for years before it pays off at exit.

This service handles all of it: accurate preparation, proactive planning, and a tax professional who actually speaks Subchapter K. We keep your basis and capital accounts clean year over year so that when a deal exits, you are not scrambling, and you are not overpaying.

Who It's For

Limited Partners Who Want It Done Right

  • Accredited investors holding LP interests in real estate syndications or funds
  • Investors receiving multiple K-1s, often across several states
  • LPs dealing with passive losses, at-risk limits, and phantom income
  • Anyone who has ever opened a K-1 in October and had no idea what it meant
  • GPs who want a trusted, white-glove tax resource to refer their investors to

How It Works

From Stacked K-1s to a Clean Filed Return

Four steps, one fixed annual fee. We map your positions, rebuild what generic preparers miss, and keep your basis carrying forward clean toward the eventual exit.

1
Intro & Scope

A short call to map your LP positions, states, and K-1 count to the right tier. You walk away knowing exactly what your annual fee covers.

2
Gather & Reconcile

We collect your K-1s, rebuild basis and capital accounts, and flag the planning items: passive losses, at-risk limits, multi-state exposure, and phantom income.

3
Prepare & Advise

Returns prepared, estimates managed, and a planning call so nothing waits until April. You get a plain-English read on what your K-1s actually mean.

4
Review & File

You review, we e-file, and your basis carries forward clean for the eventual exit. No scrambling, no reconstructing years of records when a deal sells.

Pricing & Tiers

Fixed Annual Fees, Scoped to Your Situation

Tier 1 · Compliance
$2,000 / yr
Clean, accurate preparation for the more straightforward LP return.
  • Federal 1040 plus up to 2 state returns
  • Entry and reconciliation of up to 3–4 K-1s
  • Plain-English K-1 summary
  • Extension filing
  • One estimated-payment calculation
50% at signing, 50% before filing. Pay in full at signing and save 5% ($1,900).
Most Popular
Tier 2 · LP Plus
$5,000 / yr
Preparation plus bundled, year-round advisory. Our recommended tier for most LPs.
  • Everything in Tier 1, scaled to multiple K-1s and states
  • Quarterly estimated payments with safe-harbor management
  • Passive loss, at-risk, and suspended-loss tracking
  • Outside basis and capital account tracking, year over year
  • Annual planning call plus mid-year check-in
50% at signing, 50% before filing. Pay in full at signing and save 5% ($4,750).
Tier 3 · Private
Starting at $8,000 / yr
Custom-scoped advisory for the multi-fund, higher-complexity LP.
  • Everything in Tier 2, with unlimited reasonable K-1s and states
  • Multi-entity coordination across holding LLCs and trusts
  • Exit and disposition modeling, including depreciation recapture
  • Portfolio-wide PTET and state strategy
  • Year-round access and pre-investment tax reviews
Scoped to your situation. 50/50 or prepay-discount terms apply to the final engagement fee.

How Billing Works

Simple, Predictable Engagement Terms

Term
12-Month Engagement

Each tier is an annual engagement covering the full tax year and the advisory that goes with it.

Standard Payment
50% / 50%

Half due at signing to begin work. The balance is due upon completion, before your return is released and e-filed.

Prepay Option
Save 5%

Pay the full year up front at signing and take 5% off. One invoice, one payment, best price.

Related Reading

Understand What's
Inside Your K-1

Your Accrued Preferred Return Is Still a Tax Bill

Why you can owe tax on a preferred return you haven't actually been paid yet.

Read the article → Passive Activity Isn't the First Hurdle for Your K-1 Loss

Why your K-1 loss may be suspended long before the passive rules even apply.

Read the article → 100% Bonus Depreciation Is Back — But Maybe Not for You

Why the return of 100% bonus depreciation may change nothing for most LPs this year.

Read the article → The Case for Passive Real Estate Investment

A full-lifecycle walkthrough of how suspended passive losses become deferred fuel — the visual guide.

View the guide →
Get Started

Ready to Hand Off the K-1 Headache?

Book a short intro call and we will map your LP positions to the right tier, with a fixed annual fee and no surprises.

Schedule an Intro Call

Or reach out directly: matt@surefiretaxco.com

Pricing reflects standard annual engagements and may be adjusted for scope, state count, and K-1 volume; the signed engagement letter governs all terms. Tier 3 fees are custom-scoped and begin at $8,000 annually. This page is general information about our services and is not tax, legal, or investment advice. Surefire Tax & Accounting provides tax preparation and advisory services only and does not advise on the merits of any specific investment.