Understand the 8582 shows you the aggregate loss. In other words, the fact you had a gain on one rental and a loss on the other doesn't matter. What matters if if you show a gain or loss on all rentals combined (aggregated.)
Now I myself am in a rather unique situation, having paid off one rental property, completed depreciated another and converted a 3rd one back to personal use. I "used up" all my losses years ago and the aggregate of my remaining two rentals shows a taxable gain every year now. So I've not had an 8582 generated for I don't know how many years now.
Based on this, I'm not sure that what I'm saying below is 100% correct.
You can't realize your losses against other non-passive income until the tax year you sell the last rental property. I *think* your AGI plays into this too. Additionally, after selling that last rental you may be limited to a maximum of $3000 of losses a year against other ordinary income, until all of those losses are used up.
Hopefully someone with more knowledge and details on this can jump in to educate you better, and refresh my memory on this.
