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Updated 9 months ago,

User Stats

64
Posts
23
Votes
Olga Daisel
23
Votes |
64
Posts

Tax on loss and gain

Olga Daisel
Posted

Folks,

I have rentals in 2 states which in total show negative. Now, the one in Illinois has a gain, but once again if I add loss from the others the total is negative.

Should I pay state tax on the one that shows positive even though the entire portfolio is at loss?

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