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Re: Short Term Rentals in Two States with a Net Loss

Additional information:   I live in PA.  The property with a gain is in Delaware.  The property with a loss is in Maryland.  

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1 Reply
KeshaH
Expert Alumni

Re: Short Term Rentals in Two States with a Net Loss

You'll only report the income and expenses incurred in each state on its respective return. You can't offset the income on the PA return with the loss from the MD property. You'll be able to net them in your resident state and on the federal return. 

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