W2 Income Tax Deduction Strategies through Syndication

[Vu Nguyen]

Hi Guys! 

I am new to the Bigger Pockets Family.  But I am in great distress seeing how much taxes are deducted from my W2 income.  I need help with understanding how to reduce my taxable income strategically through syndication and/or apartment investing.  Here are my questions below.  Thank you so much for all your answers in advance!!!

1. If I were to syndicate an apartment with other investors.  How does the reduction in taxable income work?  Do I write off the whole depreciation to myself if I have other passive investors? or is it dispersed by all the investors? 

2. If I were to invest in an apartment property myself, how would the deductions work numbers-wise?  I am trying to understand numerically how I can reduce my taxable income legally through apartment investing.