CPA, STR deductions and losses.

[Henry T.]

My CPA says STR "A" can only deduct expenses for STR property "A", and only up to income level. Whereas my other LTR rentals B,C,D,E etc, can accumulate/share deductions and losses , as well as carry over. STR cannot. Is this accurate? Thanks, and feeling nauseous already.

[Basit Siddiqi]

somewhat correct - If property A is non-passive, you wouldn't be able to net it with other rentals that are considered passive.