What do I need to use the K-1 analysis?

Your Schedule K-1 (Form 1065 or 1120-S) and, ideally, your basis schedule. You enter the boxes as printed — ordinary business income, guaranteed payments, interest and dividends, capital and Section 1231 gain, Section 179, charitable contributions, and distributions — one entry per K-1.

Is my K-1 information submitted anywhere?

No. The analysis runs entirely in your browser as you type. Nothing is stored or transmitted, and no contact details are required. You share information with us only if you choose to book a call.

What does the analysis actually check?

It aggregates every layer across your K-1s, then tests the limits that quietly delete deductions: tax basis, at-risk and passive-activity limits, distributions in excess of basis, missing Section 199A (QBI) information, self-employment tax on guaranteed payments, S-corporation reasonable compensation, the 3.8% net investment income surtax, multi-state apportionment, and unused retirement plan capacity.

Can I use it for more than one entity?

Yes — add a K-1 for each partnership or S-corporation you own. The whole point of aggregation is that six K-1s planned separately produce six surprises, while the same six planned together produce one number you can act on.

Does this replace my CPA?

No. It gives you a written, prioritized agenda with owners and deadlines that your CPA can execute while the year is still open. Filing records history; planning changes it.

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K-1 analysis sessions run virtually or by phone, with your CPA on the call when you want them there — Tele-Wealth planning, documents shared securely.

K-1 Analysis

Bring your actual K-1. Leave with the plan it implies.

A Schedule K-1 is not one number — it is a stack of layers, each with its own rules, limits and deadlines. Enter yours below and the analyzer aggregates every layer, flags the limits quietly deleting your deductions, and returns a prioritized plan with owners and dates.

Analyze my K-1 See how the written plan works

Runs in your browser · nothing submitted · no contact details required

What the analysis reads on your K-1

Every layer, aggregated

Ordinary income, guaranteed payments, rental activity, portfolio items, gains, Section 179 and depreciation — combined across entities into one picture instead of six.

The limits that delete deductions

Basis, at-risk, and passive-activity limits are tested first. A loss you cannot deduct this year is not a benefit — it is a deferral you did not choose.

The Section 199A gap

Missing Box 20 code Z information is one of the most common reasons the 20% qualified business income deduction quietly disappears.

Compensation & multi-state exposure

Guaranteed payments, S-corporation reasonable compensation, and income apportioned to several states each change what you actually owe.

Dated, owned actions

Each recommendation names who executes it and the date after which it stops working — because almost every provision worth using is date-driven.

A plan you can hand to your CPA

The output is an agenda, not a lecture: prioritized items with estimated dollar impact you can review line by line in a 15-minute call.

K-1 Analysis

Read your K-1 into the analyzer. Get the plan it implies.

Enter the boxes exactly as they appear on your Schedule K-1 — add one entity per K-1. The analyzer aggregates every layer, flags the limits that quietly delete deductions, and returns a prioritized plan with owners and deadlines. Nothing is submitted and no contact details are required.

Filing status

State effective rate%

Income outside these K-1s

W-2 wagesYours plus your spouse's.$1099 / self-employment profitNet of business expenses.$Itemized deductions you already expectMortgage interest, state taxes, existing gifts.$Pretax retirement already funded401(k), profit sharing, cash balance to date.$Total tax paid last yearOptional — gives a year-over-year read.$

Your K-1s (1)

Entity type

Your ownership%States sourced

Box 1 — Ordinary business income (loss)Enter a negative number for a loss.$Box 2 — Net rental real estate income (loss)Rental activity reported by the entity.$Box 4 — Guaranteed paymentsPartnerships only; carries self-employment tax.$Box 5 — Interest incomeTaxed at ordinary rates.$Box 6a — Ordinary dividendsTotal dividends reported.$Box 6b — Qualified dividendsThe portion taxed at capital-gain rates.$Box 9a — Net long-term capital gain (loss)Include carried interest allocations.$Box 8 — Net short-term capital gain (loss)Taxed at ordinary rates.$Box 9c / 10 — Section 1231 gainGain from business property sales.$Box 12 / 11 — Section 179 expenseElected expensing passed through to you.$Depreciation & depletion in the reported incomeFrom the entity's statements, if shown.$Box 13A / 12A — Charitable contributionsGifts made by the entity on your behalf.$Box 19 / 16D — DistributionsCash or property you actually received.$Your tax basis at the start of the yearFrom the basis schedule; needed for loss limits.$W-2 wages this entity paid youS-corporations: your own payroll.$

Box 20 code Z / 17 code V is filled in. Section 199A information is attached, so the 20% deduction can be substantiated.I materially participate in this activity. Uncheck for a purely passive investment — it changes whether losses can offset your other income.

Your K-1 analysis

$19,735–$41,115 of planning opportunity identified across 1 K-1.

Tax as the K-1s read today: $100,515
Tax with the plan executed: $67,623
Effective rate today: 19.6%
Marginal bracket: 24%

How planned your K-1 looks today65/100

Partially planned — several layers of the K-1 are still being reported rather than planned.

Aggregated across every K-1

Ordinary business income (Box 1): $285,000
Rental real estate (Box 2): $0
Guaranteed payments (Box 4): $60,000
Interest & non-qualified dividends: $7,000
Qualified dividends: $6,000
Long-term & 1231 gain: $35,000
Depreciation & Section 179: $75,000
Charitable contributions: $8,000
Distributions received: $180,000
Basis at start of year: $220,000

What the plan puts in place

Pretax retirement / cash balance funding$70,000
Bunched charitable / donor-advised funding$16,000
Income sequenced out of this year$28,500

Modeled reduction: $19,735–$41,115. Ranges reflect that final amounts depend on plan design, basis, and the documents your CPA can still amend this year.

Your plan — 8 items, highest impact first

Each item names the box it came from, who executes it, and the date after which it stops working.

OpportunityBox 1 · ordinary business income≈ $21,000

Unused pretax plan capacity on pass-through profit

Your entities are producing roughly $285,000 of active profit. Against that profit, a properly designed plan stack — 401(k) deferral, profit sharing, and a cash balance plan where the profit supports it — still has about $70,000 of unused room this year.

Do this: Adopt or amend the plan documents before year end and set the funding schedule, so the deduction lands in this year rather than the next.

Owner: My IRA HeroDeadline: Plan adopted by December 31; funded by the return due date

OpportunityBox 13 code A · charitable contributions≈ $4,800

Charitable giving is not bunched

Annual giving spread evenly across years often produces no benefit above the standard deduction. Bunching several years of gifts into a high-income year — ideally with appreciated property — converts the same generosity into a deduction.

Do this: Fund a donor-advised fund with appreciated stock or entity interests in this high-income year instead of writing cash checks over several years.

Owner: My IRA HeroDeadline: Gift completed and irrevocable by December 31

OpportunitySection 199A

The QBI deduction is sensitive to taxable income

You are currently modeling a $41,756 qualified business income deduction. Because the deduction phases down above a taxable-income threshold, every deductible dollar you move into this year can be worth more than its face rate.

Do this: Sequence retirement funding, charitable gifts, and depreciation to hold taxable income under the phase-down range.

Owner: Your CPADeadline: December 31

OpportunityBoxes 9a / 9c · capital and 1231 gain

Gain recognition timing is still open

$35,000 of long-term and Section 1231 gain is flowing through. Gains stack on top of ordinary income, so they can be pushed from the 0% or 15% band into 15% or 20% by unrelated income.

Do this: Sequence gain against a low-income year, an installment structure, an exchange, or an offsetting loss harvest before December.

Owner: Your CPADeadline: Before the transaction closes

WatchBox 4 · guaranteed payments≈ $2,295

Guaranteed payments are carrying full self-employment tax

$60,000 of guaranteed payments are subject to self-employment tax and are not eligible for the 20% qualified business income deduction. On a partnership agreement that can be amended, part of this is often better characterized as a distributive share.

Do this: Review the partnership agreement and compensation structure with your CPA for the coming year; model an S-corp or management-company layer where the facts support it.

Owner: Your CPADeadline: Before the next tax year begins

WatchBoxes 5, 6 and 9a · investment items≈ $730

The 3.8% net investment income surtax is engaged

Portfolio items flowing off the K-1s are producing roughly $1,824 of net investment income surtax on top of ordinary tax.

Do this: Move interest-bearing positions into tax-deferred or tax-free vehicles, harvest losses, and reduce modified AGI with pretax funding.

Owner: My IRA HeroDeadline: December 31

WatchState apportionment schedules

Income is sourced to 2 states

Multi-state pass-through income creates non-resident filings, composite-return elections, and credits for taxes paid to other states — and the same dollar is frequently taxed twice when the entities are handled separately.

Do this: Coordinate composite versus individual filings across entities and elect the pass-through entity tax where the state offers a net benefit.

Owner: Your CPADeadline: State PTE elections are usually due during the tax year

WatchEstimated payments & safe harbor

Estimated payments should be re-cut once the plan is set

Every lever above changes what you actually owe. Paying last year's number after a planning year overpays the government interest-free; paying too little triggers an underpayment penalty on top of the tax.

Do this: Recompute safe-harbor payments after the plan is finalized, and use entity-level withholding or PTE payments where they help.

Owner: Your CPADeadline: Next quarterly due date

These are educational planning estimates using projected federal parameters and the figures you entered — not tax advice, and not a substitute for your CPA's projection or the filed return. Final results depend on basis, at-risk and passive limits, state rules, and plan documents.

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Questions about the K-1 analysis

What do I need to use the K-1 analysis?: Your Schedule K-1 (Form 1065 or 1120-S) and, ideally, your basis schedule. You enter the boxes as printed — ordinary business income, guaranteed payments, interest and dividends, capital and Section 1231 gain, Section 179, charitable contributions, and distributions — one entry per K-1.
Is my K-1 information submitted anywhere?: No. The analysis runs entirely in your browser as you type. Nothing is stored or transmitted, and no contact details are required. You share information with us only if you choose to book a call.
What does the analysis actually check?: It aggregates every layer across your K-1s, then tests the limits that quietly delete deductions: tax basis, at-risk and passive-activity limits, distributions in excess of basis, missing Section 199A (QBI) information, self-employment tax on guaranteed payments, S-corporation reasonable compensation, the 3.8% net investment income surtax, multi-state apportionment, and unused retirement plan capacity.
Can I use it for more than one entity?: Yes — add a K-1 for each partnership or S-corporation you own. The whole point of aggregation is that six K-1s planned separately produce six surprises, while the same six planned together produce one number you can act on.
Does this replace my CPA?: No. It gives you a written, prioritized agenda with owners and deadlines that your CPA can execute while the year is still open. Filing records history; planning changes it.

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Allianz Life
Corebridge Financial
EquiTrust Life
Global Atlantic
North American
Pacific Life
MassMutual
American Equity
Mutual of Omaha
Symetra
Jackson National
Protective
Transamerica
Securian Financial
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Equitable

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