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All Forum Posts by: Zach Heine

Zach Heine has started 2 posts and replied 2 times.

Post: Suspended Passive Losses

Zach HeinePosted
  • Katy, TX
  • Posts 2
  • Votes 0

Hello all! I have a tax return related question for the community. I have invested in a few multifamily syndications since 2018 that provide yearly K1’s. I just now noticed that my suspended losses from prior years was not shown on the last 3 years of tax returns (Form 8582 Item 3c)… This hasn’t been an issue yet as none of the deals have sold, but they may sell soon and this will be a problem where I can’t use the losses to offset the gains. My question is, do I need to amend the last 3 years worth of tax returns to correct this small issue, or can I just input the correct amount on Form 8582 in my 2021 tax return going forward? 

Thanks in advance!

Hello everybody, long time browser of BP but first post. With the impending recession on the horizon, I’m curious if there are any apartment syndicators on BP that owned / managed properties during the last recession? If so, what were your key takeaways? What should / do you include in your stress test for current deals based on your last experience?

Thanks in advance!

Zach