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Updated about 7 years ago on .
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syndication tax simple?
so i’m looking to invest in syndication, and one thing i’m concerned about is taxes.
i want to be in a passive deal, so syndication seem to check the box. but i also want to make sure tax reporting will be simple.
is taxes for syndications as simple as importing the year end K-1 form into turbotax and thats pretty much it? i know i’m over simplifying, but at a high level i just want some feedback on tax reporting for syndications from you experts. thanks in advance
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Download a blank k1 form for yourself and see what’s on there. The main spots are the deductions and gains.