- Married filing jointly: I sold 12 rental properties in June of 2022 that long term capital gains tax will apply. I qualify as a real estate professional and in the 6 months I can show where I have materially participated in my rental business rehab activities.
- I will have aproximately 600K taxable as long term capital gains and this same year have purchased into LP multifamily syndications of real-estate (non 1031 exchange) that will create about 600k of cost segregation depreciation loss on my redeployment of capital from my rental properties sales this year.
Can I offset my LP syndications 600k loss against my rental property long term 600k capital gains because I am a real estate professional that actively participated in the same year? I do not have a W2 job Real-Estate is it.
