Full 3 Day Agenda - Stop Guessing at Your K-1 - Critical Tax Moves Savvy Investors Make

Author

Vince Porter
March 22, 2025

The P&C Advisory Collective

The P&C Advisory Collective is our private community built for both tax savvy entreprenuers and investors who want to move beyond surface-level conversations and get clear, practical answers to the tax and investment challenges that matter most. It’s where investors sharpen their strategies, uncover real-world insights, and stay a step ahead of the curve—without the guesswork.

Signature Workshop: Stop Guessing at Your K-1 – Critical Moves Savvy Investors Make

One of our most popular series inside the Collective is “Stop Guessing at Your K-1 – Critical Moves Savvy Investors Make.” Across three sessions, we break down what your K-1 is really telling you, how property sales, foreclosures, and carried interest impact your taxes, and the moves smart investors make to reduce surprises and capture opportunities.

From basics like “What happens if I file before I get my K-1?” to advanced strategies like bonus depreciation, vetting your GP, and understanding loan workouts, the series is designed to answer the questions investors actually face. The program closes with a live Q&A, giving members direct clarity on the issues that hit their returns the hardest—while continuing the conversation in the Collective.

You can get full access to this workshop today for a one-time fee of $99. Or, if you want everything the P&C Advisory Collective offers—all of our signature series like Tax Planning Cohorts, Real Estate Tax Secrets, Tax Planning Strategies, Dealing with IRS/State Notices, plus ongoing advisory support—you can join for $165/month (with a free 3-day trial included).

Below is the full “Stop Guessing at Your K-1 – Critical Moves Savvy Investors Make”. Agenda -

Day 1 (60 minutes)

1. Welcome & Overview (5 minutes)

  • Introduction to Vince Porter , Porter & Company CPAs , and the goals of the series.

  • Housekeeping: Q&A is on Day 3 only, but the P&C Advisory Collective is open for immediate questions/discussions.

2. K-1 Basics (45 minutes)

  • Who receives a K-1 (LP vs. GP), why it matters.

  • Key lines: income, deductions, tracking basis, passive vs. active distinctions.

  • Can I file if I don’t have a K1? What happens if I file my return and get a K1 later? What do I do if I never get a K1 ?

  • I got a State K1 but I don’t live in that State ? What’s this mean?

  • Common pitfalls (e.g., misreporting passive/active income), plus a simple example.

  • If we have extra time here, we can do a deeper dive or show multiple sample K-1s.

3. Wrap-Up & Next Steps (10 minutes)

  • Summarize Day 1’s main takeaways.

  • Encourage participants to revisit the recording in the P&C Advisory Collective

  • Preview Day 2 topics (property sales, foreclosures, etc.).

Day 2 (60 minutes)

1. Recap & Introduction (5 minutes)

  • Quick refresher of Day 1’s highlights.

  • Remind everyone to post questions in the P&C Advisory Collective and come back on Day 3 for Q&A.

2. What Happens When a Property Sells? (25 minutes)

  • Overview: capital gains (short-term vs. long-term) and depreciation recapture.

  • Possible strategies (1031 exchanges) to reduce or defer taxes.

  • Simple numerical examples illustrating gains and recapture.

3. Foreclosures & Loan Workouts (20 minutes)

  • Foreclosure basics: triggers, process, and investor impact.

  • Loan workouts vs. foreclosures: forgiven debt, potential phantom income.

  • Mitigation strategies and real-world anecdotes.

4. Closing & Day 3 Preview (10 minutes)

  • Recap Day 2 content.

  • Encourage participants to continue discussions in the P&C Advisory Collective.

  • Tease Day 3 topics (Bonus Depreciation, Carried Interest, Vetting a GP, and final Q&A).

Day 3 (60 minutes)

Quick Recap & Housekeeping (5 minutes)

  • Summarize Day 2’s highlights.

  • Remind everyone this is the final day and live Q&A happens at the end.

Bonus Depreciation (10 minutes)

  • Is 100% Bonus Depreciation coming back ?

  • Practical strategies (cost segregation, timing acquisitions).

  • Impact on different property types (short-term rentals, multifamily, etc.).

Using Your Self-Directed Retirement Accounts: The Good, the Bad, and the Ugly (10 minutes)

  • How Self-Directed IRAs work and what they can invest in.

  • Major tax pitfalls: UDFI (Unrelated Debt-Financed Income) and UBIT (Unrelated Business Income Tax).

  • Strategies to handle or minimize these taxes.

How Do You Vet Your GP? (10 minutes)

  • Key criteria (track record, transparency, communication style).

  • Deal structure, capital calls, and exit strategies.

  • Red flags and best-practice questions for due diligence.

Carried Interest (10 minutes)

  • Definition & mechanics: how it differs from a typical profit split.

  • Tax considerations for GPs (holding period, potential legislative changes).

  • How it appears on a K-1, common pitfalls, and misconceptions.

Full Q&A & Closing (10 minutes)

  • Open floor for questions covering all three days (K-1s, property sales, foreclosures, bonus depreciation, self-directed IRAs, vetting GPs, carried interest, market insights).

  • Encourage ongoing engagement in the P&C Advisory Collective for deeper discussion.

  • Conclude with next steps and services your firm can provide.