I Have 3 rentals, all have some depreciation. One rental was profitable, and the system took prior loss from the profit with resulting profit of zero. The second has a rental loss of about 16k. The third has profit of about 9K. Turbotax wants me to pay tax on 9k and accumulate 16k as a loss. Why cannot it subtract 9 from 16, so I do not pay tax this year and accumulate 7k as a loss for proptery 2? Thanks.
