SDIRA 990-T for UDFI - Advice and CPA Recommendations Needed

[Margaret Feit]

I have a new SDIRA that invested in 2020 into a real estate syndication partnership.  I do most of my own taxes, but this is my first year with self-directed retirement accounts, and I don't have a clear understanding of the filing requirement and forms.

Because the investment I made was into a real estate syndication, there is debt financing involved. I know when the property sells and there is gain to report, I will have to file 990-T and pay UDFI on the gain. But for 2020, the K1 I received shows only a loss on line 2 due to depreciation.

Here are my questions:

1. Am I (or rather was I, since the April 15 deadline is already passed) required to file a 990-T for 2020 when my K1 showed an overall loss?

2. If I am not required to do so, should I anyway? Does that give me a loss that I can carry forward against the gain I will have when the property is sold? 

3. I probably need to get a CPA to help me with this since I'm not clear on the requirements and details. But this is a pretty small investment, and paying a substantial CPA filing fee could wipe out any potential gain I get from this investment and then some! Does anyone have a recommendation for a CPA that is familiar with SDIRAs and UDFI filing that might be able to help me out without costing me an arm and a leg?