Why did not my passive carryover loss from last year cover my passive rental property income this year?

[a_sal6]

I have multiple properties. properties A and B have passive rental income this year, but have passive carryover loss from previous years. Properties C, D and E have passive income loss this year. So the sum of income from all properties is a loss. Does the IRS look at the total sum for all properties before applying carryover loss? or should each property have its own carryover loss?

[AmyC]

1. Yes. Passive rental income and loss are carried to Form 8582, Passive Activity Loss Limitations to determine if you have an allowable loss. 

On the Sch E, you can see all income is added, all losses subtracted and then allowed carryover is entered on lines 22 and 25. 

2. As the owner, you are required to track the loss on each property in your records. So, yes, each property should have its own loss, but in your books, not on Sch E.