Offset passive income with new passive loss?

[Tony Lin]

Let's say I made a 100k passive LLC syndication investment #1 a few years back. It sold this year with 10k of total cashflow and 50k of appreciation.

If I invest in a new 100k LLC syndication deal #2 this year and it provides $60k worth of accelerated depreciation. Can this be used to offset the passive gains from deal #1?

I heard that the depreciation losses from deal #2 cannot be used to offset capital gains from deal #1.