Can RE professional take passive syndication losses?

[Jason Powell]

I classify myself as a real estate professional and understand what that means. I own rentals directly. 

I invested in many syndication deals in 2019 that generated over 100k paper net losses. Can I write this off against earned income? Does the fact it is a syndication disallow me what is otherwise possible for privately held RE?

I made these investments thinking I could, and I know others that have, but my CPA is adamant that I cannot. Any insight much appreciated. It's the difference between owing 50k and getting 5k back.

[Michael Plaks]

@Jason Powell

Take some strong coffee (or something even stronger) and try to figure out what we argued about on this older thread and whether we agreed on anything. Warning: very technical.

https://www.biggerpockets.com/forums/51/topics/647412-syndication-losses-against-active-income