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Syndications & Passive Real Estate Investing

All Forum Posts by: Mayur Gaitonde

Mayur Gaitonde has started 1 posts and replied 4 times.

Multi-Family and Apartment Investing

Post: Tax deduction on syndication investment forclosure

Mayur GaitondePosted
  • Posts 4
  • Votes 2
Quote from @Basit Siddiqi:

The losses should be reported on the K-1's provided to you.


 I understand that but my question was more around what types of income or profit can they be deducted against.  I've heard some conflicting info here ranging from passive only to capital gains only to active income

0 Votes
Multi-Family and Apartment Investing

Post: Tax deduction on syndication investment forclosure

Mayur GaitondePosted
  • Posts 4
  • Votes 2
Quote from @Chris Seveney:

@Mayur Gaitonde

Unfortunately in many of these situations you may actually owe taxes. The reason is the sponsoray have taken 100% depreciation or accelerated depreciation and they may have to be given back

This is the double whammy of these types of deals.

I would speak to your accountant

@Chris Seveney that would be a double whammy indeed. The dark side of real estate syndication that nobody talks about

0 Votes
Multi-Family and Apartment Investing

Post: Tax deduction on syndication investment forclosure

Mayur GaitondePosted
  • Posts 4
  • Votes 2

Thank you for the replies. Most of the investments that resulted in foreclosure were with Alan Stalcup's GVA



Multifamily Syndicator GVA Scaled Up at Worst Possible Time (therealdeal.com)

1 Vote
Multi-Family and Apartment Investing

Post: Tax deduction on syndication investment forclosure

Mayur GaitondePosted
  • Posts 4
  • Votes 2

Hello I am new here and looking for advice.  Couple of the syndication deals I had invested in passively and have been foreclosed on by the lender. I have lost 100% of the investment amount. I was wondering if there are any potential tax deductions we could take as a passive investor.  Would they just be passive losses that can offset passive income or can we treat them to offset capital gains from other investments ?

1 Vote