Investors & landlords

@Anonymous_ 

 

I have rental properties across state with income and losses, and some of them with passive loss carryovers from previous years.

 

I understand in federal rental income, losses for any properties can offset other rental gains but nonresident states only use rental losses for properties in the nonresident state to offset rental gains in their state.    

 

But what about the passive carryover losses from one state used to offset different state's income? How do I calculate loss for a state when its deductible loss carryover offsets another state's income.

Should it be added as is ??

 

For example, considering two properties in State A ,and one property in State B :

Both states are filed as non-resident. 

 

 state A property1state A property2state B property1
Rents minus expenses (line 21 from SchdE)1000600010000
Deductibe real estate loss (line 22 from SchdE)-12000-60000

 

Fedral rental income would look like :

 

Income (line 24)17000
Losses (line 25)-18000
Total income or Loss (line 26)-1000

 

 

But for State A is the caluclation below correct ???

 

Income (line 24)7000
Losses (line 25)-18000 ???
Total income or Loss (line 26)-11000 ???

 

Thanks for your help!