The land trusts which investors use for asset protection are revocable and not irrevocable.  

Between them, there are two irrevocable trusts. each has an investment property (plus the property where they currently live).

For this purpose, the SEC defines “the date of first sale is the date on which the first investor is irrevocably contractually committed to invest.”

You’re forgetting the $30,000 “exclusive mastermind” group and the pointless SDIRA along with the irrevocable trust used for no assets hahahaBy the way, up the limit on your credit cards because it’s only 30% API and as soon as you make money with the turnkey dog S#%@ property I sell you, you can pay the credit card back hahaA few folks just got done with those scheme $50m fine Small fine for how much cheese they made… 

Trusts work well, too, and a irrevocable trust works very well.

As a result, your suspended losses are not lost.If the trust was irrevocable, the answer would be different.

Is it possible to buy a property from a Irrevocable/revocable trust? 

Most people that are trying to do prop 19 planning are doing irrevocable trusts or outright gifts to their children.

@Deanne Bourne  did the attorney indicate why the irrevocable trust would be able to avoid reassessment after you pass away? 

I have run into a group of real estate lawyers/investors at the American Apartment Owners Assoc. who are suggesting a Dynasty Generational Irrevocable Trust (Dynasty Trust) that does go on for generations.