Unreimbursed Partnership Expenses (UPE)
PARTNERSHIP TAX SERVICES We identify and document Unreimbursed Partnership Expenses (UPE) that partners pay out‑of‑pocket—so they’re deducted properly on Schedule E, reduce taxable income, and are reflected in partner basis.
Our Key Services
What We Handle
End‑to‑end UPE compliance, documentation, and tax reporting.
Our Process
Discovery
Collect partnership agreement, accountable plan details, K‑1s, and expense records (mileage logs, receipts).
Analysis
Determine UPE eligibility, categorize expenses, and quantify allowable amounts under federal/state rules.
Reporting
Prepare UPE statement, update basis schedules, and report on Schedule E with state alignment.
After‑File Support
Provide documentation packets and guidance to reduce out‑of‑pocket exposure going forward.