April 8th – 11am – 12pm – 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.).

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April 9th – 11am – 12pm -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).

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April 10th – 11am – 12pm -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.