Depreciation and paying zero tax

[Nicholas Overby]

I have roughly a $100k/year taxable income between w-2 and some self employed activities.  I want to buy rental property, but my accountant says that I can only take up to $25,000 in losses, but thats only if your income is below $75k.  

The bigger pockets real estate podcast #569 gives the impression I can make my tax bill $0 through rental property no matter how much money you are making.  Can someone lay out an example of how I could start investing in real estate and lower the tax bill with my scenario?  I have about $100k to start with currently.  Thanks.

[Natalie Kolodij]

If your income is under $100k you can take up to $25k annually of passive losses against your other income,. 

Do you file married separately? 

The theory of bringing your income tax to $0 corerlates to qualifying as a real estate professional for tax purposes. That's when there is no cap on the amount of losses you can deudct.