Mastering Multiple K-1s: Logistics for Leaders

This article provides a strategic framework for managing the logistical and technical complexities inherent in high-volume K-1 portfolios. It details the specific structural maneuvers required from multi-state nexus defense to institutional basis tracking to ensure your tax liability is a deliberate, optimized outcome rather than a year-end surprise.

TLDR:

• Demand a Forever Ledger: Ask for real-time basis tracking across all K-1s to prevent six-figure overpayments at liquidation by capturing the critical step-ups a reactive CPA will miss.
• Reject the Composite Return Trap: File individually to avoid maximum marginal rates and unlock state-specific suspended losses, keeping your capital in your pocket rather than the state’s.

• Leverage a Holding Company for PTET elections: Doing so across fragmented LP interests bypasses the $10k SALT cap and creates a 37% federal discount on state tax liabilities.
• Quarterly Advisor Briefings: Meet multiple times a year to model tax liabilities from investor updates and distributions, ensuring you know your numbers long before late K-1s arrive.
  

The K-1 Complexity Crisis

You have graduated from wealth accumulation to wealth stewardship. Yet for many Limited Partners (LPs) with portfolios ranging from $10M to $100M+, this evolution doesn’t feel streamlined; it feels like multiplying complexity. You’ve allocated capital across 25 vehicles: Private Equity, Venture Capital, Real Estate syndications, private credit, and now, every spring, your tax advisor spends hours untangling dozens of K-1s. Each minute billed adds up, especially with multi-layered investments. That’s friction you never worry about at OLarry. Here, white-glove technology and institutional-grade oversight transform K-1 chaos into clarity without surprise invoices or wasted hours.

The paradox of the passive investor is that as your wealth grows, your time shrinks. You spend weekends chasing PDFs, decrypting footnotes on a Schedule K-1, and uploading documents to secure portals. You are perpetually on extension, waiting for a single lagging fund to close its books so you can file yours. You face nexus anxiety, wondering if that one commercial building your syndicate bought in Ohio has suddenly triggered a domicile audit risk for your family trust.

This is not the freedom you began investing for.

At OLarry, we operate as the proactive navigator for the modern LP. We believe the administrative friction of managing 10 to 50+ K-1s is a problem solved not through brute force, but through consultative synthesis. This guide is your plan. It provides context beyond basic compliance, helping you explore the institutional-grade logistics required to protect your and your family’s wealth from the erosion caused by inefficiency.

The Administrative Alpha: Redefining K-1 Logistics

Most investors view tax compliance as a defensive measure, a shield against penalties. We view it as a source of Alpha.

The Friction of Success

The trajectory of the LP investor follows a predictable curve.

• The Starter Phase: You buy into one or two local deals. Your CPA handles it easily.
• The Accumulation Phase: You diversify. You enter a fund of funds, a direct PE deal, and several real estate syndications. Suddenly, you have 15 K-1s arriving between March 15th and September 15th.
• The Complexity Cliff: You hold 40+ positions. You have exposure to 30 states. You receive K-3s with foreign reporting requirements. Your "tax season" is now year-round.

At this third stage, the traditional annual "send it to the CPA" model breaks. The average CPA firm, designed for 1040s and simple S-Corps, lacks the infrastructure to harmonize data from dozens of disconnected General Partners (GPs). The result is that you become the bottleneck, manually bridging the gap between your investment managers and your tax preparers.

The Cost of Chaos

The cost of poor K-1 management is rarely seen on a fee statement. It appears in the margins of your returns:

• Phantom Income: Paying tax on money you never received because distributions were misclassified.
• Lost Basis: Failing to track basis accurately, resulting in a massive, unnecessary capital gains bill when you exit a fund years later.
• Suspended Loss Leakage: Passive Activity Losses (PALs) that get stranded because they weren't properly grouped or utilized against Passive Income Generators (PIGs).
• State Compliance Bleed: Overpaying via composite returns because it was easier than filing efficiently in specific jurisdictions.

Institutional-grade reporting is not a luxury; it is the only way to ensure that the gross returns promised by your GPs translate into net wealth for your family.

Navigating the Multi-State Nexus Nightmare

For the LP investor, geography is risk. When you invest in a diversified Real Estate Fund, you aren't just buying an asset; you are buying a tax footprint. If that fund acquires a logistics center in Georgia, an apartment complex in Arizona, and a strip mall in Ohio, you have established nexus, a taxable connection, in all three jurisdictions.

The Accidental Domicile Risk

State tax authorities are becoming increasingly aggressive. They use sophisticated data matching to identify non-filers. The risk here is not just a $50 late filing penalty; it is a domicile audit.

If you file a return in a high-tax state (like California or New York) because of a K-1, and you fail to clearly delineate that you are a non-resident passive investor, you open a door. Aggressive auditors may use that filing to probe your actual residency, looking at where you spend time, where your bank accounts are, and where your economic center lies.

At OLarry we provide the proactive oversight required to manage this multi-state nexus. Our team ensures that every state filing explicitly confirms your 'Passive Non-Resident' status, reinforcing a strategic firewall around your primary domicile. This is essential for protecting your status in zero-tax states like Florida, Texas, or Nevada.

Composite Returns vs. Individual Filing

GPs often offer a Composite Return option. They will file and pay state taxes on behalf of all partners.

• The Appeal: It reduces your paperwork. You don't have to file a separate return for that state.
• The Trap: Composite returns are almost always taxed at the state's highest marginal tax rate, regardless of your personal bracket. Furthermore, you often lose the ability to deduct state-specific exemptions or utilize suspended losses from other investments in that same state.

The OLarry Approach: We perform a Filing ROI Analysis to decide on the Composite vs. File decision.

• Scenario A: The Noise Reduction. If a separate state filing only yields a negligible savings ($100), we typically recommend a composite filing. Why? Because for a $100 gain, it isn’t worth expanding your audit nexus or adding another year of administrative burden to your personal record-keeping. We prioritize Jurisdictional Cleanliness over pennies.
• Scenario B: The Strategic Alpha. If a separate filing uncovers a $5,000 tax-saving opportunity (by unlocking suspended losses from a previous deal), the math changes. We execute the individual filing to capture that alpha, ensuring the complexity is rewarded with actual bottom-line growth.

We do not default to the path of least resistance; we default to the path of highest retention.

The $100,000 Perspective: Reactive vs. Proactive Results

To see the financial impact of your tax strategy, consider how the same $100,000 in K-1 income, a typical Passive Income Generator (PIG), is handled by two different approaches for the 2026 tax year.

1. The QBI Deduction (Section 199A)

• The Reactive/Compliance Accountant: They treat the $100,000 as a standalone entry. Because the specific property has a low remaining basis, the 20% Qualified Business Income (QBI) deduction is restricted. You pay tax on the full amount.
• The OLarry Proactive Advisor: They look across your entire portfolio and aggregate this income with a high-basis acquisition from a different fund. This "Group Election" unlocks the full 20% deduction. Taxable Income: $80,000.

2. The State Nexus Strategy

• The Reactive/Compliance Accountant: To save administrative time, they opt into the "Composite Return" offered by the fund manager. The state (e.g., California or New York) taxes that $100,000 at the highest marginal rate (approx. 10.9%). You pay $10,900 in state tax.
• The OLarry Proactive Advisor: They reject the composite filing after identifying $80,000 in suspended losses from a separate deal in that same state. By filing an individual return and netting the income, your liability drops significantly. Estimated State Tax: ~$1,500.

• *OLarry advisors will also take it a step further by recommending setting up and utilizing a Holding Pass-Through Company to aggregate your various LP interests. This allows the state tax to be paid at the entity level rather than at the individual level. Which, in turn, helps it become a federal business expense and fully deductible.

3. Strategic Netting for a Zero-Tax Goal

• The Reactive/Compliance Accountant: Informs you in April that you owe federal tax on the $100,000 profit from the prior year.

The OLarry Proactive Advisor: Anticipates this profit in Q4. They advise deploying capital into a new value-add fund with accelerated depreciation, creating a $100,000 Passive Activity Loss (PAL). The loss wipes out the gain entirely. Total Federal Tax: $0.

The Apportionment Factor

Different states use different formulas to determine how much of the fund's income is taxable in their jurisdiction. Some use a "three-factor" formula (property, payroll, sales), while others use a single sales factor.

Your GP provides the raw data, but they do not know your personal situation. They might allocate income to a state where you have no filing requirement due to thresholds. Without an institutional-grade review, you might file (and pay) in states where you legally owe nothing. We filter the noise, ensuring you only file where statutory thresholds are breached.

The Forever Ledger: Basis Tracking and Capital Accounts

If there is one area where the Reactive/Compliance CPA mindset fails most catastrophically, it is basis tracking.

In the world of K-1s, there are two types of basis:

• Inside Basis: The partnership’s basis in its assets (the building, the company stock).
• Outside Basis: Your personal basis in the partnership interest.

These two numbers rarely match. If you inherited the investment, bought it on a secondary market, or if the partnership failed to make a Section 754 election upon a partner's exit, your Outside Basis will diverge from what is reported on your K-1 Capital Account.

The K-1 Capital Account Flaw

Box L on your Schedule K-1 shows your capital account. However, the IRS now requires this to be reported on Tax Basis. While this improves transparency for the Service, it often confuses the investor.

The K-1 only tells the story from the GP's perspective. It does not account for:

• Your initial purchase price if distinct from capital contribution (e.g., secondary purchase).
• Inherited step-up in basis.
• Gifted interests.

The Exit Consequence

The pain of poor basis tracking is dormant until you sell.

• The Scenario: You invested $1M ten years ago. You received $400k in distributions (return of capital) and were allocated $200k in losses.
• The Problem: You rely solely on the K-1 capital account figure when the fund liquidates.
• The Result: You may under-report your basis, artificially inflating your capital gain. You could easily overpay taxes by six figures simply because no one maintained the Forever Ledger of your outside basis.

At OLarry we maintain a basis schedule for every position in your portfolio. We track the rolling adjustments, contributions, distributions, income, losses year over year. When a liquidity event occurs, we don't ask the GP what your gain is; we tell the IRS what your gain actually is, defended by a decade of granular data.

Distributions in Excess of Basis

A common pitfall occurs when a fund refinances an asset and distributes cash to investors. This debt-financed distribution is generally tax-free up to the point of your basis. Once distributions exceed your adjusted basis, the excess is taxable as capital gains immediately.

Without real-time basis tracking, you won't know you've crossed this threshold until the IRS sends a notice. We forecast these triggers, allowing for liquidity planning rather than reactive panic.

The Passive Loss (PAL) Labyrinth

The IRS views income in baskets: Active (W-2, business income), Portfolio (interest, dividends), and Passive (trade or business where you don't materially participate). For the LP investor, the game is played almost entirely in the Passive basket.

The Netting Strategy

The goal is simple: Pay zero tax on passive income by offsetting it with passive losses. However, "simple" does not mean "easy."

• PIGs (Passive Income Generators): Mature funds that are cash-flowing and have burned off their depreciation.
• PALs (Passive Activity Losses): New funds with heavy upfront bonus depreciation or cost segregation studies.

A proactive strategy is a matter of timing. If a significant exit (PIG) is on the horizon, we identify the structural need for passive offsets (PALs) to protect those gains. While we don’t select your investments, we engineer the tax-efficient framework that tells you exactly how much shielding your portfolio requires to stay optimized.

The Grouping Election (Reg. 1.469-4)

One of the most overlooked tools in the LP arsenal is the ability to group activities. If you own multiple distinct entities that constitute an appropriate economic unit, you can elect to treat them as a single activity for the purposes of the passive loss rules.

Why does this matter? If you have suspended losses in Entity A, and you sell Entity A, you can free those losses to offset other income. If you have grouped Entity A with Entity B, and you only sell Entity A, the losses might remain suspended until you sell the entire group.

Conversely, grouping can help you meet material participation tests if you have some operational involvement. The decision to group (or not group) is a permanent election that requires foresight. We model the lifecycle of your portfolio to determine if grouping enhances or restricts your liquidity.

Suspended Losses: The Hidden Asset

Suspended passive losses are not lost; they are a deferred asset on your personal balance sheet. They carry forward indefinitely. However, many tax preparers lose track of them when switching software or when K-1 entity names change (which happens frequently in PE restructuring).

We treat your suspended loss carryover schedule with the same reverence as your bank account balance. It is real money, waiting to be unlocked. We verify that every dollar of loss generated in 2018 is still available to shield your gains in 2025.

Section 199A: The 20% Deduction for Passive Owners

The Tax Cuts and Jobs Act introduced Section 199A, offering a deduction of up to 20% on Qualified Business Income (QBI). There is a pervasive myth that this deduction is only for active business owners. This is false.

The Passive Investor Opportunity

Passive investors in pass-through entities (S-Corps, Partnerships, LLCs) are eligible for the 199A deduction, provided the underlying entity is a trade or business.

• REIT Dividends: These automatically qualify for the 20% deduction, with no W-2 wage or property limitations.
• PTPs (Publicly Traded Partnerships): Also automatically eligible.
• Real Estate Syndications: Often qualify, provided the rental activity rises to the level of a Section 162 trade or business (which many commercial syndications do).

The Aggregation Strategy

For high-net-worth individuals, the 199A deduction is subject to limitations based on W-2 wages paid by the business or the unadjusted basis of depreciable property (UBIA). A standalone rental property might produce great income but have zero W-2 wages, limiting your deduction.

However, by aggregating multiple rental activities together, we can combine the wages and property basis of your entire portfolio to maximize the deduction cap. This allows a property with high income but low basis to borrow the high basis of a newly acquired building, unlocking the full 20% deduction for both.

This requires specific disclosure statements attached to your return. It is a check the box election that, if missed, cannot be easily retroactively applied. We ensure the box is checked.

The Extension Trap and Estimated Payments

There is a stigma associated with filing tax extensions. While it feels that filing an extension is a sign of disorganization, filing an extension is a strategic necessity for the alternative investor.

The Reality of K-1 Timing

Private Equity and Hedge Fund K-1’s are notoriously late. They cannot close their books until their underlying portfolio companies close theirs. It is mathematically impossible for a Fund of Funds to issue a K-1 by April 15th. If you have 40 K-1s, you will file in September or October. Acceptance of this fact is the first step toward peace of mind.

The Safe Harbor Calculation

The anxiety comes not from the filing delay, but from the payment deadline. Taxes are due April 15th, regardless of when you file. How do you pay an accurate amount when you don't have the data?

We rely on the Safe Harbor method (110% rule).

• If your Adjusted Gross Income (AGI) is over $150,000, you must pay 110% of your prior year's total tax liability to avoid underpayment penalties.
• The Strategy: We calculate this number precisely. We ensure you pay exactly enough to satisfy the IRS Safe Harbor, keeping the rest of your capital working for you.

Modeling the Future

The challenge arises when your income jumps significantly from year to year (e.g., a $5M exit event in 2024 vs. a quiet 2023). Paying 110% of 2023's tax won't cover 2024's liability, and while you won't be penalized, you will face a massive cash crunch in October.

We model your tax liability using estimates derived from quarterly investor updates, not just the final K-1. We parse the GP's Q4 investor letter, estimate the capital gain distribution, and advise you to make a specific estimated payment. This prevents the October surprise.

We prioritize quarterly strategic touch bases for this reason. These sessions allow us to identify substantial income transactions or shifts in portfolio activity as they happen, rather than after the fact. By bridging the gap between your real-time deal flow and your tax blueprint, we ensure your overall liability is never a surprise, but a calculated and managed outcome.

Foreign Complexity: K-2 and K-3 Reporting

In recent years, the IRS introduced Schedules K-2 and K-3 to standardize international tax reporting. For the domestic LP, this has been a source of immense confusion.

The Accidental International Investor

You might believe your portfolio is 100% domestic. However, if your US-based Private Equity fund invests in a holding company in the Cayman Islands, or if your Real Estate fund buys a portfolio that includes a resort in Mexico, you now have foreign reporting requirements.

The Filing Drag

K-3s are notoriously the last documents to arrive, often pushing filings deep into October. Why do they matter?

• Foreign Tax Credit (FTC): If the fund paid taxes to a foreign government, you are entitled to a credit on your US return (Form 1116). Without the detailed codes on the K-3, you cannot claim this credit, resulting in double taxation.
• PFIC (Passive Foreign Investment Company): This is the nuclear waste of the tax world. If your fund holds a PFIC, the tax rates and interest charges can be punitive. The K-3 identifies these toxic assets.

We scrutinize K-3s not just for compliance, but for efficiency. Sometimes, the administrative cost of calculating a small Foreign Tax Credit exceeds the value of the credit itself. In those cases, we elect to forego the credit to streamline the filing, a decision made with mathematical precision, not laziness.

Tech-Empowered Synthesis: The OLarry Solution

The "One-Page" Truth

Our goal is to take the chaos of 50 K-1s, 30 state filings, and complex foreign disclosures, and distill them into a single, comprehensible dashboard.

• Total Passive Income: Aggregated across all funds.
• Total Suspended Losses: Your bank for future gains.
• Effective Tax Rate: The true measure of efficiency.
• Cash Flow vs. Taxable Income: Highlighting the efficiency of depreciation.

Proactive vs. Reactive

Most CPAs are reactive or compliance focused. They tell you what happened last year. OLarry is proactive. We tell you what is happening now and how to prepare for the future.

• November: We review Q3 reports to estimate year-end tax bills.
• December: We advise on harvesting losses or prepaying state taxes (if beneficial/deductible via PTET).
• April: We handle the extensions and Safe Harbor payments precisely.
• August: We start things up all over again to make sure K-1’s are following our models from earlier in the year

The Human Element

Technology aggregates the data, but the Lioness protects the pride. We intervene when we see a K-1 that looks wrong. We challenge GPs when footprints don't match the operating agreement. We act as the steward of your documents, ensuring that your legacy is built on a foundation of clean, defensible data.

Escaping the Paperwork Trap

The transition from High Net Worth to Institutional Wealth requires a change in operations. You cannot operate a $50M portfolio with the same tools you used for a $500k portfolio. The friction will eventually erode the returns.

You invested in private markets to achieve outsized returns and separate your time from your income. Do not let the tax administration re-tether you to the desk.

At OLarry, we handle the logistics of the K-1 ecosystem so you can focus on the acquisition. We manage the nexus, track the basis, and optimize the losses.

Deep Dive: The Mechanics of Institutional K-1 Management

To truly understand the value of institutional-grade oversight, we must look under the hood of the specific mechanisms that cause the most friction for the LP investor. This isn't just about filing forms; it's about the strategic decisions made before the forms are filed.

The Anatomy of a K-1 Correction

One of the most frustrating aspects of the K-1 lifecycle is the Amended K-1. You file your return in October. In December, a GP discovers an error in their depreciation schedule or reclassifies a portion of income from long-term capital gain to ordinary income. They issue an amended K-1.

The Reactive Reaction: Panic. Frustration. Sending the document to the CPA and paying thousands for an amended personal return (Form 1040-X).

The Proactive Reaction: Materiality Analysis. We analyze the amendment. Does the change result in a significant tax difference?

• If the amendment increases tax liability by $50, the cost of filing the amendment exceeds the tax. We document the discrepancy and move on, advising the client of the rationale.
• If the amendment unlocks a $10,000 refund, we proceed with the filing.

We shield you from the noise of immaterial corrections while capturing the value of material ones.

The At-Risk Limitations (Form 6198)

Beyond the Passive Activity Loss rules, there is another gatekeeper: The At-Risk rules. You can only deduct losses up to the amount you are personally "at risk" for.

• Non-Recourse Debt: In many real estate syndications, the debt is non-recourse (secured only by the property). Generally, this is included in your at-risk basis for real estate (thanks to the Qualified Non-Recourse Financing exception).
• The Trap: In Private Equity or Venture Capital, debt allocated to you is often not qualified. If a VC fund uses leverage, you might be allocated losses funded by that debt.

If your CPA assumes all debt is good debt, they may claim losses the IRS will later disallow. We scrutinize the debt allocation in Box K of the K-1 to ensure compliance with Section 465.

Tax-Exempt Income and Nondeductible Expenses

K-1s often include items that don't affect your taxable income but do affect your basis.

• Tax-Exempt Income: (e.g., PPP loan forgiveness). This increases your basis. If you miss this, you lose basis.
• Nondeductible Expenses: (e.g., fines, penalties paid by the fund). This decreases your basis.

We capture these invisible adjustments. They don't appear on the front page of your 1040, but they are critical gears in the basis calculation engine.

State-Specific Nuances: The "Gotcha" Geographies

While we discussed the general concept of Nexus, certain states require specific special ops strategies due to their aggressive nature or unique tax codes.

California: The Market-Based Sourcer

California is notorious for its aggressive taxation. They use what’s called Market-Based Sourcing. Even if the fund management is in New York and the property is in Texas, if the fund has customers (investors or service recipients) in California, the state may claim a piece of the income. For the LP, this often leads to unexpected filing requirements. California also has a clawback provision for certain types of income. We monitor your California exposure with extreme prejudice.

New York: The IT-204-LL

Even if you owe no tax in New York, if you are a partner in a partnership that has NY source income, you may be required to file specific information returns or pay strict LLC filing fees. The penalties for missing these informational filings can be severe. We ensure the compliance hygiene is maintained even when no tax is due.

Pennsylvania and New Jersey: The Non-Conformists

Most states follow the federal tax code (piggyback states). Pennsylvania and New Jersey often decouple from federal rules.

• Bonus Depreciation: Federal law allows 60% or 100% bonus depreciation. Pennsylvania often disallows this, requiring a manual add-back.
• implication: You might show a huge loss on your federal return but a profit on your PA return. We manage these basis disconnects. You effectively have a Federal Basis and a Pennsylvania Basis for the same asset. We track both.

The Private Equity vs. Real Estate Distinction

Not all K-1s are created equal. The strategy for a Private Equity (PE) K-1 differs vastly from a Real Estate (RE) K-1.

Real Estate: The Depreciation Game

• Core Driver: Depreciation and Amortization.
• Key Form: Form 4562.
• Strategy: Cost Segregation.
• Objective: Generate paper losses to offset cash flow (Tax-Free Cash Flow).
• Our Role: ensuring the "Depreciation Recapture" (Unrecaptured Section 1250 Gain) is calculated correctly upon exit, as it is taxed at a maximum of 25%, not the lower capital gains rate.

Private Equity: The Capital Gains & Carry Game

• Core Driver: Capital Appreciation and Carried Interest.
• Key Concept: Character of Income.
• Strategy: Long-Term vs. Short-Term holding periods.
• Objective: Conversion of ordinary income into lower-taxed capital gains.
• Our Role: Monitoring the "3-Year Rule" for Carried Interest (Section 1061). If the GP takes a carry allocation on an asset held less than 3 years, it may be recharacterized as short-term capital gain (taxed at ordinary rates). We verify the GP's math to ensure you aren't collateral damage in their carried interest calculations.

Advanced Structure: The Family Limited Partnership (FLP)

For portfolios of this magnitude ($10M+), you likely aren't investing as an individual. You are investing through a Family Limited Partnership (FLP) or a Trust. This adds a layer of K-1 logistics: The Tiered Structure.

The K-1s from the external funds flow into your FLP. Your FLP then issues K-1s to you, your spouse, and potentially your children or irregular trusts (for estate planning).

The Flow-Through Integrity

Data must flow seamlessly from the 50 external K-1s -> into the FLP tax return (Form 1065) -> out to the family members' K-1s -> onto their personal 1040s. A breakdown at any stage stops the entire assembly line.

We manage the "Master FLP Return." We ensure that the character of income (portfolio vs. passive, foreign vs. domestic) retains its integrity as it passes through the FLP. We prevent the "blending" of distinct tax attributes that can happen when inexperienced preparers aggregate data too aggressively.

Estate Planning Synergy

By managing the K-1s within an FLP, we facilitate valuation discounts for estate tax purposes. When you gift a portion of the FLP to the next generation, you are gifting a basket of complex assets. We coordinate with your estate attorneys to ensure the K-1 reporting aligns with the transfer of ownership interests. We track the "shift in basis" that occurs when interests are gifted versus inherited.

The OLarry Private Client Difference

Proactive Communication

We don't email you saying, "Attached is your return." We email you saying: "We have reviewed 42 K-1s. We utilized $150k of suspended losses from the 2019 'Project Alpha' failure to offset the gain from the 'Beta Fund' exit. We avoided filings in 4 states due to de minimis thresholds, saving $2,000 in fees. Your effective federal rate on this income is 12%. We recommend increasing your Q4 estimate by $10k to account for the surprise distribution from the Gamma Fund."

This is the difference between a tax preparer and a Strategic Partner.

The White Glove Standard

We understand that you are document-dependent but time-poor.

• We interface directly with your GPs' investor relations teams.
• We maintain the portal logins (via secure vaults).
• We name the files correctly.
• We deliver the final product in a synthesized format, not a data dump.

We treat your tax logistics with the same level of professionalism that you treat your investments.

Conclusion: Reclaiming Your Time

The journey from reactive to proactive is a mental shift. It requires accepting that you cannot brute-force your way through the administrative burden of a $50M portfolio. It requires delegating the complexity to a system designed to handle it.

You have built a portfolio that is the envy of many. Do not let the administration of that portfolio become your burden. The tax code is a set of incentives; for the unprepared, it is a penalty system. For the prepared, it is a roadmap to wealth preservation.

At OLarry, we are the guardians of that roadmap. We synthesize the chaos. We protect the basis. We navigate the nexus. We allow you to return to what you do best: finding the next deal, mentoring the next generation, and enjoying the freedom you have earned.

Need K-1 help? Book a time to talk to us.

Any tax advice herein is not intended or written to be used.