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Updated 3 months ago,
Question on pooling multiple rental properites
Hi experts, I have a question about net passive income from rental properties.
Say I have passive loss (say -X) from investment property A, but have passive positive (say +X) from investment property B.
For tax purposes, can I pool A&B together to net them to 0 on the whole passive rental properties income? If so, is there something that I need to file to IRS?
Thanks!