Allocation of income/loss multi state with passive loss carryover
I have rental properties across state with income and losses, and some of them with paasive loss carryovers from previous years.
I understand in federal rental income, losses for any properties can offset other rental gains but nonresident states only use rental losses for properties in the nonresident state to offset rental gains in their state.
But what about the passive carryover losses from one state used to offset different state's income? How do I calculate loss for a state when its deductible loss carryover offsets another state's income.
Should it be added as is ??
For example, considering two prpoperties in State A ,and one property in State B :
Both states are files as non-resident.
| state A property1 | state A property2 | state B property1 | |
| Rents minus expenses (line 21 from SchdE) | 1000 | 6000 | 10000 |
| Deductibe real estate loss (line 22 from SchdE) | -12000 | -6000 | 0 |
Federal rental income would look like :
| Income (line 24) | 17000 |
| Losses (line 25) | -18000 |
| Total income or Loss (line 26) | -1000 |
But for State A is the caluclation below correct ???
| Income (line 24) | 7000 |
| Losses (line 25) | -18000 ??? |
| Total income or Loss (line 26) | -11000 ??? |
Thanks for your help!
