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Updated over 4 years ago,
Real Estate Professional Status and Loss from Syndication-Passive
Hi All,
I am claiming RE professional in 2019. I'm active in managing all my rentals, my flips etc...However, I have a passive loss from a K1 issued by the syndication deal where I am set up a limited partnership. Can I take offset this passive loss against my other active income generated from W2, flips, rental, private lending ect?
Appreciate if anybody knows and can share/advise?
Thu