I am an LP on multiple syndications and one such syndication sold in 2021. The K-1 was odd enough to confuse both TurboTax and a CPA. That is, my first round with the taxes was with TurboTax and while it seemed confident about the choices it made, I wasn't satisfied with its explanations. My goal with taxes is that even if I'm not doing them by hand, I still want to understand every choice on each line ("why is that value on that line?"). Since I couldn't get that clarity with TurboTax, I found a CPA with "extensive passive investing experience" through Picnic Tax. His interpretation of how to apply the K-1 was wildly different than TurboTax's... to the tune of some $12,000 more in taxes!

Unfortunately, I didn't get satisfactory answers from him, either. We went back and forth trading IRS publications but in the end, he cut me off saying that it was taking up too much of his time and he considered his services rendered appropriate for the price I paid. Maybe. I did think that if he understood that part of the IRS code better then it wouldn't have taken so long and he would have been able to convince me.

I paid the extra $12,000 (plus interest; got the penalties waived since it was my first time) just to be on the safe side. I'm still not convinced that it was correct, though.

I am willing to pay a CPA or tax professional with extensive experience with syndications in particular (not K-1s in general) to review already-submitted taxes (at least the specific part in contention) and prove to me what the right strategy is, backed up with the unambiguous lines from the supporting IRS docs.

If that goes well, then I will want my 2022 taxes finalized, too, but that's secondary to first knowing that there is one correct way to do the 2021 taxes and convincing me of that!

Any recommendations for such a person or firm?

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CPA/Tax Pro good at explaining esoteric taxes?

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