Thank you for providing your token number. I have taken a closer look at your return and will try to explain the situation below without including specific numbers from your return.
Even though your Form 4797 seems to show a mathematical error, it is correct. The loss shown on Form 4797 line 2 column g is the amount of loss that is being allowed on your 2023 return. The remaining loss is being carried forward as a suspended passive loss.
The amount that is allowed on your 2023 return is based on the fact that when you put both rental properties together on Schedule E, you have an overall profit. The loss from Form 4797 reduces that profit to zero and carries forward the portion of the loss that cannot be used in 2023. See Form 1040 Schedule 1 lines 4 and 5.
The suspended loss can be seen on Form 4797 page 3 attributable to your first rental property entered in the return.
@sjrosso
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