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Connected to 239 partnerships · 12 yrs of K-1 data
K-1 Intelligence Assistant
Ask about partnerships, K-1 processing, tax basis, or compliance
How I can help today
I have full read access to your 239 LIHTC partnerships, 12 years of K-1 history, the Partnership Master, the AMP draft, and all agent activity. I can answer questions about specific customers (partnerships), explain workflows, or help you reason through tax-basis and early-exit decisions.
MA
What's the current outside basis for Hartford Commons LP and what changed in 2025?
Hartford Commons LP (PT-04156, Senior Housing in CT) has a current outside basis of $5.12M as of end-of-year 2025.

The 2025 movement was a net +$232K vs. 2024's closing basis of $4.88M. Two drivers:
  • Current-year allocated loss of ($150K)
  • A new Section 743(b) step-up of +$382K from the Investors Bank acquisition absorption in Q4 2024
Partnership snapshot Open in portfolio →
PartnershipHartford Commons LP
TickerPT-04156
Ownership22.0%
Investment (2014)$6.80M
Current outside basis$5.12M
Cumulative credits$7.71M
K-1 2025 · Boston Heights tax filing Tax Basis ledger · Step 4 Investors Bank absorption memo · Nov 2024
MA
How many partnerships are near basis depletion, and are any of them at recapture risk?
14 partnerships are projected to reach a depleted basis by Q3 2027. Of those, 3 are flagged as "Basis Alert" with current outside basis below $0.5M:
Partnership Basis Recapture risk
Brookline Senior Residences$0.18MHigh 18.4%
Concord Green LP$0.31MMedium 7.1%
Riverside Park Phase II$0.42MMedium 3.2%
The other 11 partnerships are in the $0.5M–$1.2M range with low recapture risk — ideal candidates for the Strategic Exit scenario (2028 sale at 92% NAV, NPV $3.42M per partnership on average).
Partnership Master · 14 rows Insights Agent recommendation · 4 min ago
MA
Explain how the Footnote Agent handles "See Statement" references.
The Footnote Agent runs after the Extraction Agent. When a K-1 Box (typically Box 20 "Other information") says *See Statement, it follows a 4-step process:
  1. Locate the referenced statement in the PDF pages after the main form.
  2. Parse free-form text with an LLM (Claude 4.7) trained on 4 years of sponsor footnote patterns.
  3. Classify into known adjustment types: Section 743(b), 704(b), suspended losses, ownership change, recapture, etc.
  4. Emit structured adjustments that feed directly into the Tax Basis Agent's roll-forward.
Precision is currently 96.8% — the 3.2% that get flagged go to you for manual review (visible in the Validation Agent queue).
AI Agents · Footnote Agent card Live example · Boston Heights 2025
Claude 4.7 · Grounded in your 239-partnership data · Responses cite source documents Enter send · Shift+Enter new line