Tax Question when renting out primary residence, while renting an

[Lood Le Roux]

I have been following the forum for info for a while, but this is my first time posting. I tried finding a answer to this question online, but don't really get anything.

I own 2 properties. One is a rental so the tax situation on it is pretty straight forward. The other is my primary residence in Virginia, but I am currently renting it out while I am renting another property in Arizona. My rental income at the Virginia property is the same as my rental expenses on the Arizona property. The reason for the situation is a temporary work contract after which I would most likely return to my primary residence in Virginia. (+- 18 -24 months). My question is, should I be liable for taxes on the full rental income, if my expenses matches it, or how is the tax situation handled?