Individual investor with a large K1 loss.

[Nathan Nance]

I am not sure how to ask or propose my question, but I invested with a big pool of investors in a large apartment complex in San Antonio. I just got a K1 form and it shows a huge loss. Do I file that on my tax returns? 

[Alina Trigub]

@Nathan Nance

Don't worry, there are special rules to be able to apply such losses. So if you are a high W-2 earner or have no passive income, chances are most if not all of it will be carried forward. So that's a good thing since it will allow you to utilize it later. 

Some of it is explained in the following article:

https://www.biggerpockets.com/member-blogs/10850/81273-how-to-pay-less-in-taxes