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Updated over 6 years ago on . Most recent reply

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George T.
  • San Diego, CA
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syndication tax simple?

George T.
  • San Diego, CA
Posted

so i’m looking to invest in syndication, and one thing i’m concerned about is taxes.  

i want to be in a passive deal, so syndication seem to check the box.  but i also want to make sure tax reporting will be simple.  

is taxes for syndications as simple as importing the year end K-1 form into turbotax and thats pretty much it?  i know i’m over simplifying, but at a high level i just want some feedback on tax reporting for syndications from you experts.  thanks in advance

Most Popular Reply

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Lane Kawaoka
Pro Member
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
2,626
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Lane Kawaoka
Pro Member
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
Replied

Download a blank k1 form for yourself and see what’s on there. The main spots are the deductions and gains.

  • Lane Kawaoka
  • Loading replies...