Their salesmen calls you hounding you to buy so far they don’t have a great way to filter out opportunities at t seems.  

Hi Folks,Need some clarification on this complex topic.There is a lot of discussion on these tax nuances in BP forums, so I am happy to read any particular thread you can point me to.Basically I have a W2 (above income limits) and I am a General Partner in a multifamily deal.I have received 2 K1s from this deal (one as a GP) and another as an LP (since I put in some of my own money).Am I allowed to take the K1 losses from this deal to offset my W2 income?

Thank you for putting it so succinctly.

Excited to finally start so thank you all 

I signed a 1 year lease last month so kinda stuck in that until fall 2025 (unless I broke lease or paid massive amounts to cancel it).

The title would be in my name only on closing, so I would 'own' the property, making it a refinance, not a purchase.

So she should be sitting on a big pile of cash. 

I would think your first stop would be with your property manager to see what data they can share.One of the reasons for hiring a property manager is so you don't have to deal with all of this stuff.

I'm trying to confirm my understanding of a less straight forward capital gains scenario than the one-time purchase and sale most deals involve.Essentially 100% interest in a condo was acquired over time, as each joint tenant passed away, leaving 1 sole tenant who gained full ownership by rights of survivorship.I've gotten differing opinions from different professionals and am trying to understand the calculation of the basis and the final capital gains  tax that would be due myself so I can spot bad advice and understand deals.Assumptions:A condominiumNo depreciation has ever been taken by any owner.No 1031 exchange.No expenses or improvements.

You’ve already experienced a stressful beginning to the year with turnover and vacancies, so ensuring that any new investments won’t put you back in that situation is crucial.Another thing to consider is your overall strategy.