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

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118
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119
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Jason Powell
  • Beaverton, OR
119
Votes |
118
Posts

Can RE professional take passive syndication losses?

Jason Powell
  • Beaverton, OR
Posted

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.

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