Updated over 5 years ago on .
Most recent reply
presented by

Can RE professional take passive syndication losses?
I classify myself as a real estate professional and understand what that means. I own rentals directly.
I invested in many syndication deals in 2019 that generated over 100k paper net losses. Can I write this off against earned income? Does the fact it is a syndication disallow me what is otherwise possible for privately held RE?
I made these investments thinking I could, and I know others that have, but my CPA is adamant that I cannot. Any insight much appreciated. It's the difference between owing 50k and getting 5k back.