Tax question after sale of syndication

[Account Closed]

When a real estate syndication is sold and you still have loss carryover from initial year 1 depreciation (cost segregation), can you use it to offset ordinary income on the year of the sale? And how?  (assuming not real estate professional tax status). Thanks. 

[Ashish Acharya]

Originally posted by @Account Closed:

When a real estate syndication is sold and you still have loss carryover from initial year 1 depreciation (cost segregation), can you use it to offset ordinary income on the year of the sale? And how?  (assuming not real estate professional tax status). Thanks. 

Although the question is not very clear, yes the losses gets released and can offset your ordinary income unless you have done grouping election that can prevent the release of the suspended losses.