Tax question about rental gains/losses

[John Morgan]

If I own rental properties and some houses show profit, but the others lose money due to repairs etc., do they all balance out? Will I be taxed on the sum of all my properties? I own 6 rentals and had to dump a ton of $ into four of them this year causing a loss for the year on all four of those. However, two rentals did good and made profit. Overall, I probably broke even when all of them are added up with their losses and profits combIned together. I just didn’t know if I could use losses on some of them to offset the profits on others. It was a bad year for me! Murphy’s law hit me like crazy the last 4 months.