Agent Pipeline
Stage 2 of 5 · Auto-advance on approval
1. Intake
PDF classified · 3 pages
2. Extract
23 fields · 4 footnotes
3. Validate
Awaiting extraction
4. Basis calc
Pending
5. AMP publish
Pending
Extracted Fields
99.1% avg confidence
Partnership EIN
47-3829104
● 99.8%
Partnership Name
Boston Heights LP
● 100%
Tax Year
2025
● 100%
Profit / Loss %
14.5%
● 99.4%
Ordinary Business Loss
($142,380)
● 99.9%
Net Rental RE Loss
($38,410)
● 99.2%
LIHTC Credit (Box 15)
$418,000
● 100%
Distributions
$0
● 100%
Footnote Interpretation
LLM · Claude 4.7
The attached statement for Box 20 discloses Section 743(b) positive adjustment of $12,840 attributable to the partnership's step-up basis election following the Investors Bank acquisition. This has been flagged to increase outside basis in downstream calculations.
Section 743(b) adjustment identified
Outside-basis impact: +$12,840
Processing Timeline
00:42 elapsed
11:42:08 AM · +0s
Document ingested from Community Development drop folder
Classified as Schedule K-1 Form 1065 · 3 pages + 2 statements · PDF/A compliant
11:42:11 AM · +3s
Extraction Agent engaged
Layout parser identified 2025 Form 1065 template (new boxes 22–23 detected)
11:42:29 AM · +21s
23 structured fields extracted
Avg confidence 99.1% · All 14 required LIHTC fields present
11:42:36 AM · +28s
Footnote Agent interpreted 4 statements
Section 743(b) adjustment surfaced · No suspended losses · No ownership changes
—
Validation Agent (queued)
Will cross-reference with partnership master + prior-year K-1
—
Tax Basis Agent (queued)
Will roll forward outside basis with 743(b) adjustment applied
Ask the Agent
Workflow Copilot
Hi Mark — I've just finished extracting Boston Heights LP's 2025 K-1. Everything looks consistent with the prior year except for one thing: a new Section 743(b) adjustment of +$12,840 on the Box 20 footnote.
MA
Is that a typical amount for this partnership?
Boston Heights had no 743(b) adjustment in 2023 or 2024. This one looks tied to the Investors Bank portfolio absorption last November — the partnership's basis step-up was recorded with the TMP in Q4. I recommend accepting and letting the Tax Basis Agent apply it to the roll-forward.