Tax deduction on syndication investment forclosure

[Mayur Gaitonde]

Hello I am new here and looking for advice.  Couple of the syndication deals I had invested in passively and have been foreclosed on by the lender. I have lost 100% of the investment amount. I was wondering if there are any potential tax deductions we could take as a passive investor.  Would they just be passive losses that can offset passive income or can we treat them to offset capital gains from other investments ?

[Robert Rixer]

Sorry for the loss - I'm sure the wider community here will be wanting to know the identity of these syndicators. Best to talk the tax issue over with a CPA but the loss will be reflected in the K-1's and can offset gains in other deals, provided they both flow through to the same entity (or you personally).