offsetting real estate losses with non real estate syndicates

[Roy Mitle]

I have a rental that has passive losses.It just keeps going up every year. I do not ever intend to sell the rental and just pass it onto my kids so I'd rather not have this carry over.

I could buy into a good real estate syndicate and the K1 gain can become tax free because I can use the passive losses to offset the gain.

However, are there other more liquid investments which can spit out gains that I can make tax free. I have heard about something called PIGs - but not sure where to get more information about them and whether this is a good idea.

And, lastly, do a lot of people do this.