What if I do have a year with a profit on Arizona rental properties? (I don't have properties in any other state so that issue is avoided. Also, I am a non-resident of Arizona; I live overseas.) You are right that the past several years since I bought them, they always showed a loss due to depreciation. But in 2020 I didn't have any travel expenses due to COVID19 and the rents were higher than in past years so I do show a small profit. Can I carry forward last year's loss or the first year's loss to offset the profit this year? If so, how do I tell Turbotax because it should know but didn't do that?
