Thank you so much for staying to the point. You are great.
You are correct, I do not individually own any property just by myself but with syndicators (GP) and along with dozens of other investors (LPs). So, yes, let's stay in in my scenarios.
If something is not reflected back on 1040 then my tax will be unaffected, correct?
So, what is the point for filling up K-1 in TT?
Would I, as LP, not be able to take any tax advantage for the depreciation or losses of the real estate property?
