Accountants for K1 Partnership Income
If you receive Schedule K-1s from partnerships, S corps, or trusts, your taxes are more complex than most. K-1 income isn’t just plug-and-play—it requires accurate reporting, basis tracking, and advanced tax planning.
This page highlights accountants who work with:
Partnership & S Corp K-1s (Form 1065 & 1120S)
Trust and Estate K-1s (Form 1041)
Real estate and syndication investments
Basis, passive activity loss, and at-risk limits
Carryforwards and multi-entity coordination
These experts help investors, partners, and beneficiaries file clean returns, reduce tax liability, and stay compliant with IRS reporting rules. Whether you're juggling multiple K-1s or navigating a large real estate portfolio, the right accountant can save you time, money, and stress.
Need to outsource something else? Search for proactivefinancial advisorsandfractional CFOson Sam’s List too. Make sure to check the reviews, it’s one of the most important parts of your vetting process!
This page highlights accountants who work with:
Partnership & S Corp K-1s (Form 1065 & 1120S)
Trust and Estate K-1s (Form 1041)
Real estate and syndication investments
Basis, passive activity loss, and at-risk limits
Carryforwards and multi-entity coordination
These experts help investors, partners, and beneficiaries file clean returns, reduce tax liability, and stay compliant with IRS reporting rules. Whether you're juggling multiple K-1s or navigating a large real estate portfolio, the right accountant can save you time, money, and stress.
Need to outsource something else? Search for proactivefinancial advisorsandfractional CFOson Sam’s List too. Make sure to check the reviews, it’s one of the most important parts of your vetting process!
Accountants
22 Client Reviews
"Chase was invaluable in providing me with the financial tools and information I needed to make a big decision for my company. It was helpful to see the numbers, but he went beyond that by guiding me through the potential outcomes and responding to all my “what-if” questions."
12 Client Reviews
"Great! They are fast and responsive. They get the work done."
13 Client Reviews
"Everything has been easy, professional, and straight forward."
11 Client Reviews
"Working with Kellan has been a great experience. She is thorough, patient, and always willing to answer questions in a way that makes you feel informed rather than overwhelmed. She is so knowledgable and transparent, and I can tell she has a genuine desire to help. I feel so supported and understood every step of the way. I couldn’t recommend her more."
4 Client Reviews
"Great! They took some really messy books, cleaned them up, did much better tax planning than my former accountant.
Before I was really stressed about my accounting. My I have a solid team and a system backing me up!"
Before I was really stressed about my accounting. My I have a solid team and a system backing me up!"
4 Client Reviews
"I'm working with whitney and she's been very helpful, fast with responses, detailed and able to resolve any issue I've had"
3 Client Reviews
"Excellent. We highly recommend working with the OLarry team."
3 Client Reviews
"Working with CPA on Fire has been a game-changer. Their team is responsive, strategic, and truly understands the needs of growing businesses. The fractional CFO support and personalized tax planning have added real value and peace of mind."
2 Client Reviews
"Fantastic team at Anomaly - Been a client for years and this is the ONLY place where you get CPA brainpower and legal advice IN ONE PLACE. Before working with Anomaly about something complex, the response from my accountant was "speak to your attorney", who in turn would say "we should hop onto a call with your CPA".
Anomaly brings it all together - like it should be!!!
Brilliant team and terrific insights."
Anomaly brings it all together - like it should be!!!
Brilliant team and terrific insights."
2 Client Reviews
"I have found the overall service invaluable to the success of my business. Highly recommend the team at BK60."
Showing 1 - 10 of 23 results
FrequentlyAsked Questions
What is Schedule K-1 income?
Schedule K-1 reports a partner’s or beneficiary’s share of income, losses, deductions, and credits from pass-through entities like partnerships, S corps, or trusts.
Why is K-1 income hard to file on your own?
K-1s often involve passive income, basis tracking, loss limits, capital gains, and multi-entity coordination. Missing a detail can lead to IRS penalties.
How is K-1 income taxed?
K-1 income is taxed on your personal return—based on the type of income passed through (e.g., interest, dividends, capital gains, rental income, etc.). The entity itself isn’t taxed.
What happens if I leave out a K-1?
The IRS receives copies of all K-1s. If you omit one, you risk audits, late fees, and amended returns. Extensions are common if you’re still waiting for a K-1.
Do I need a CPA for K-1s?
If you have multiple K-1s, real estate investments, or complex partnership interests, hiring a CPA or EA experienced in K-1 income is strongly recommended.
What Does a K-1 Income Accountant Help With?
These accountants specialize in tax strategies and filing support for clients who receive one or more K-1s. That includes:
Accurate K-1 Reporting: Partnership (1065), S corp (1120S), and trust/estate (1041) income.
Basis & At-Risk Tracking: So you only deduct losses you’re actually eligible for.
Passive Activity Loss Rules: Navigate §469 limitations and real estate PALs.
Real Estate Syndication Tax Strategy: Depreciation, capital accounts, and timing exits.
Foreign or Complex Investments: Including foreign tax credits, PFICs, and FATCA forms.
Multi-Entity Coordination: Integrating your K-1s with W-2s, 1099s, and other income streams.
Quarterly Tax Estimates & Planning: Avoid underpayment penalties.
These aren’t basic tax preparers. They’re experts in K-1 income strategy—especially for real estate investors, private equity LPs, and trust beneficiaries.
Accurate K-1 Reporting: Partnership (1065), S corp (1120S), and trust/estate (1041) income.
Basis & At-Risk Tracking: So you only deduct losses you’re actually eligible for.
Passive Activity Loss Rules: Navigate §469 limitations and real estate PALs.
Real Estate Syndication Tax Strategy: Depreciation, capital accounts, and timing exits.
Foreign or Complex Investments: Including foreign tax credits, PFICs, and FATCA forms.
Multi-Entity Coordination: Integrating your K-1s with W-2s, 1099s, and other income streams.
Quarterly Tax Estimates & Planning: Avoid underpayment penalties.
These aren’t basic tax preparers. They’re experts in K-1 income strategy—especially for real estate investors, private equity LPs, and trust beneficiaries.
Not sure who’s right for you with your K1 partnership income? Answer a few quick questions, and we’ll introduce you to someone who fits.
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