Other people say it has to happen between the same taxpaying entity, which is the syndication LLC itself, so there are ways to make it happen.

There was very little done to the property, they stopped paying the tax, payments to the lender and kept the majority of money by my calculations (about 320K). 

Well apartments are where I want to be I like the fact you have one mortgage and tax payment on multiple doors.

Please note, this extension applies to all taxpayers with exchange deadlines within this time frame.

One must review whether the taxpayer can use passive losses, if you are not materially participating and a real estate professional for tax purposes.

Large upfront deposits can also be another indicator.EXAMPLE - LEASE-OPTION THAT IS REALLY A DISGUISED INSTALLMENT SALE: XYZ Taxpayer does a 36 month lease\option on a $100,000 property which would normally rent for $1,000 a month.With the lease\option there are the following terms: $10,000 upfront option payment to be totally applied toward the purchase price; monthly payments of$2,200 of which $2,000 is to be totally applied toward the purchase price; $18,000 option payment to purchase the property at the end of the 36 months.

Please note, this extension applies to all taxpayers with exchange deadlines within this timeframe.

The agent is asking that I sign a "Taxpayers Authorization for Release of Assessor's Information" so he can research permits more closely.

Dep. is a lille over 3K.I cannot wait to tell the Boro I am him to not demand my RE Tax......let THEM go bankrupt, defund the school and public employee pensions (which strangle the taxpayers in this State) then re work these contracts.

The 3 year taxation is the default, but taxpayers may elect to pay taxes on the full amount for the year of distribution.