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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?
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1 Reply
ColeenD3
Expert Alumni

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

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. 

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