Passive RE investing and unallowed losses
Guys - this is regarding investing passively in multi-family. Can you take unallowed losses accumulated for a property directly against capital gains when the property is sold? In addition, am I accurate in stating that passive RE investing isn't tax avoided but rather tax deferred on distributions which you can re-invest immediately and then pay off later at property sale
If somebody also has a blog or video which talks about how to read your final k-1, that'll be helpful. I found quite a few on regular k1's but nothing on the final k-1
Thanks
Most Popular Reply
Hey @Sam Dal, the complexity of your question shows a depth of thoughtfulness on your part that is unusual among passive investors. Great job! It also reminded me that you…and all of us…need real estate-oriented tax strategists in our corner not just regular CPAs.
You got one of the best people I know in the US replying to your question in @Michael Plaks above. Michael, as always, I appreciate your detail and knowledge.