How does syndication depreciation work.

[Doug Effinger]

As an owner of a couple of duplexes I have benefitted from depreciation over the past 20 years. I am now looking to move into passive investing and still want the benefits of depreciation to lower my taxable income (if possible). Presently I simply have a line item on my schedule E (1040) which allows me the deduction. How does this work as an LP to a syndication? What is the tax form(s) used to depreciate the LP portion and what is the form that is sent out from the GP showing the amount of depreciation? I did not see a line item on the K-1 for depreciation. Am I missing something?  

Thanks In Advance.

[Michael Plaks]

Quote from @Doug Effinger:

I read somewhere else that there is a recapture event at the end of the syndicate. Is there a way to 1031 that recapture depreciation into another syndicate? Or is that just hopeful thinking? 😊 

All the answers to your K1 questions are here: 

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