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Level 1
posted May 17, 2021 5:46:58 PM

I have multiple rentals in different states. Can I use losses in one state to offset income in another?

For example, if my residential rentals have:
1) NET loss of 10k in NH
2) NET profit of 10k in MA

From the federal tax perspective, my Schedule E income will be $0, if I understand correctly. But how does it work from the NH and MA states perspective?

0 1 310
1 Replies
Expert Alumni
May 17, 2021 6:06:40 PM

Each state will show the gain or loss. While they are netted in the Federal return, it doesn't work that way for the states. You will have to file a nonresident return for the other state.