Also, have you grouped your properties, active or passive, to be able to use losses on one against gains on another?

I bought with a cash-flow on day-1 and could tolerate two vacancies before creating red-ink, so it's crazy to be penny-wise and vacancy foolish.I know there are those here on BP that harp on hobby vs professional business operations, but there's more to the bottom line than just GSI - - consider the opportunity losses created by vacancies.

What do you guys use for book keeping, to categorize transactions and generate Profit and Loss reports for your CPA? 

I aim to have it show the impact of K1 losses if the syndication offers it, and that tool is helpful because some of the comparisons will show a real estate syndication vs mortgage notes or debt funds that may not offer the same tax advantages/losses.I've included some of the criteria I was putting on the Excel calculation below.

My property has a capital loss.

@Marcus Auerbach we have a similar problem with OOS lumping the 5 million suburban population of Metro Detroit with the City of Detroit.While the suburbs of Detroit have already recovered, our good news is the City of Detroit is now also recovering:)

Should get appraised this week but trying to figure out how much they’re going to list and if they’re mostly trying to recover loss from the foreclosure

If you ruin your credit it can take years to recover .EVERYTHING is expensive and  it is showing no signs of stopping .

The bank stopped paying the taxes because it's a loss either way. 

@Keith Meyer The subject you appear to be referencing in the link is Passive Activity Loss Limitations under Sec. 469 of the IRC.