Investors & landlords

MarilynG1 · ‎March 30, 2021

@bazbsg Yes, you can apply any rental carryover losses against any Capital Gain when you sell your rental property. TurboTax will do this for you automatically when you report the sale of the property.

Click this link for more info on Sale of Rental Property

In your Arizona interview, you are asked what portion of Federal amounts applies to Arizona income (screenshot).

You will be able to include any Arizona-related Rental Loss or Capital Gain/Loss on your Arizona Return.

Click this link for more info on Arizona Rental Income.

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