Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

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.



Loading replies...