Passive Gains/Losses across Multiple Properties

[Allison Park]

First year doing my taxes with rental properties.  I have 4 rental properties. 3 properties have a ~$2000 loss and 1 property has a ~$2000 gain. In this case can I net the losses and gains together for an overall ~$6000 loss to carry forward or do I have to pay taxes on the one that has the gain?  My CPA is saying I make too much money (W-2) to take any losses.

[Aaron Zimmerman]

Yes you can offset the passive gains with passive losses. If you make >150k with LTRs or MTRs, then any losses that don't offset passive income will roll to future years.