In returns with a portfolio of residential property rentals, excess deductions from properties making a rental profit are not offsetting the losses of other rental properties. This is under investigation by development.
In the meantime please use the following workaround:
Open the return.
Go to Income, Key Point 22, Residential Rental, View Items.
Enter the Property One Gross Rental Income figure.
Add Item, enter the Property Two figure under Expenses this year.
Press Tab, this will allow you to enter the same figure into the deductions claimed field.
Press Tab, the warning message 'The deduction claim exceeds the property's gross income but is not being restricted as the calculation-basis is 'Portfolio'. Please ensure the deduction do not exceed permitted limits. Income is negative, has this property been sold?"
Add Item, repeat this process for each additional rental property.
