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Updated over 1 year ago on . Most recent reply

User Stats

46
Posts
55
Votes
Solomon Rosenberg
  • Investor
  • Rockland County, NY
55
Votes |
46
Posts

Tax on passive re investments

Solomon Rosenberg
  • Investor
  • Rockland County, NY
Posted

Can someone clarify,

As an LP in a mf syndication where can one save on taxes and what can I expect to pay?

Here is an example,

If I invested 100k into a mf syndication, Property sells in year 3 with a profit of 100k,

I also invested in other mf syndications and I have losses on paper for depreciation of 200k,

Can I use the depreciation losses against the 100k profit of the sale?

I am not a real estate professional.

My accountant says that it will be a capital gain and I would have to pay capital gain taxes, and the depreciation can only be used against operating profits and not on profit from the sale.

I would love to hear from a professional.

Thanks in advance.



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