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Has Cityvest/DLP returned your calls?

Home Real Estate Investing Has Cityvest/DLP returned your calls?

  • The White Coat Investor The White Coat Investor 
    Keymaster
    Status: Physician
    Posts: 4211
    Joined: 05/13/2011

    i got K1 as well via email. I think you can reach out to Cityvest and request K1.

     

    Question on K1. Since there is a paper loss on K1, this does not reduce your tax liability this year right? I just carries over the loss to next year which may offset with next year gains?

     

    Click to expand…

    That’s the way paper losses work for high earners that aren’t real estate professionals. One of my real estate investments listed a 36% loss on the K-1! It may be a decade before I pay any taxes on income from that. Not sure how they managed to get it so large, but there it is.

    Site/Forum Owner, Emergency Physician, Blogger, and author of The White Coat Investor: A Doctor's Guide to Personal Finance and Investing
    Helping Those Who Wear The White Coat Get A "Fair Shake" on Wall Street since 2011

    #205416 Reply
    Avatar G 
    Participant
    Status: Physician, Small Business Owner
    Posts: 1411
    Joined: 01/08/2016
    I’m not expecting a 2018 K-1 for CityVest

    Click to expand…

    To the contrary, it does sound like at least some people have gotten K-1s.  FWIW, I was told to expect it…a week ago.  Managing expectations is part of the deal, right?

    Yeah, filing for an extension is easy.  Filing an amended return is also easy but costs money (I use an accountant).

    Or CityVest could do a better job…particularly to folks who have had to take the initiative to reach out.

    #205445 Reply

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