Tax Loss AGI +150k

[John Davey]

I apologize if this has been answered prior on here, but im not finding exact in terms of it being property specific or bundled overall

Are tax profits/losses bundled when over 150 AGI to carry over or rental specific

Ex 1.  rental 1 - 2k overall after depreciation, expenses

rental 2 - 10k

rental 3 - NEGATIVE 15k 

Overal rental loss/profit for year (after depreciation, expense, etc) for the 3 rentals is NEGATIVE 3k that cant be written off, but carried over since +150k

Or is it ex. 2

Rental 1 - 2k and Rental 2 - 10k are added for 12k. For that year 12k essentially increasing your taxes

Then the rental 3 (Negative 15k) is carried over since over 150 AGI

So it actually looks like the rentals had a 12k profit overall that year when it was more -3k

Appreciate any guidance