thanks, I have a feeling that the answer is somewhere related to what you were mentioning. But this is still confusing, as (carrying a loss forward) <> (my Federal taxes going up). So are you saying that if Property A profit is 10K, Property B is -10K and Property C is -15K, any other additional expenses/depreciation added to any of the properties will result in a carryover loss? Even though 10 + -10 + -15 = -15K? I'm still confused. Yes, I guess I'm in that > 150K category.
Regarding the Property C, so I currently am saying that the house was rented out for only 150 days, even though the house was vacant and available for sale/rent the whole year, except for maybe the Jan 1-Feb 15 time period when it was being renovated. Should I say that the house was available the whole year for rent? I guess I can play around with that and see if my taxes change or not. Technically I was living there for only part of the renovation part for a couple of weeks or so.
