Tax implications of syndications

[Ari Bachrach]

I have invested in a few syndication deals in the last few years, and three of them are ending or have ended this year. How are the final distributions taxed? Assuming there's depreciation recapture, will the depreciation recapture and the final distribution amount be reported as regular income? net rental income? Long term capital gain? Something else? My intuition says long term capital gain, but I wanted to check so I can make sure to plan the rest fo the tax year appropriately.