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Investors & landlords
Thank you for confirming about the sale of a property. That will be good to know sometime in the future when I sell.
I did do what you said about the Arizona portion of the amounts from the federal. For the rental item, the last several years I had a loss but this year I have a small profit. For all other items, the Arizona amount is zero since I don't live there anymore.
So my question is, can I use the loss from last year to offset the profit from this year?
I guess this is more of a tax law question than a Turbotax question. I did try to search online for an answer but couldn't find one.
March 30, 2021
6:51 PM