Using passive losses from syndication (K-1) to offset income from other SFR rentals

[Asim G.]

Hello,

Can I use bonus depreciation losses from apartment syndication (form K1) to offset income from income-producing single-family rentals? I own 4 SFRs and have an opportunity to invest in a syndication deal with 60% bonus depreciation this year.

Other details: Both I and my wife have W2 jobs and can not take real estate professional deduction.

Thanks

[Michael Plaks]

@Asim G.

Yes you can. Keep in mind that in the final year of the syndication it will throw your way a large capital gain, including the reversal of all their depreciation from cost segregation.

Here is more: 
https://www.biggerpockets.com/forums/51-tax-legal-issues-con...
https://www.biggerpockets.com/forums/51/topics/839015-are-sy...