A rental property is still considered a passive activity unless you are considered a real estate professional. The fact that you actively participate allows you to deduct up to $25,000 in losses per year on a joint tax return subject to certain income limitations.
After you finish your federal tax return, your information will accurately and automatically transfer into your state return. Just answer a few state specific questions, and you're done.
CompleteTax State is only $34.95 and includes: