Question about saving taxes for high W-2 income

[Jingwen Ni]

Hello, has anyone approached this issue and was able to overcome it? We are considered high earners and not able to take the passive income loss on schedule E due to the $150k cap thus unable to enjoy the depreciation on our duplex. How does one offset their W2 income with the loss on rental properties due to phantom expense of depreciation? Truly appreciate any help on this.

[Mike Dymski]

Real estate professional status, but you have to qualify.

Most higher earners are just happy that their real estate income is shielded and/or tax deferred, which reduces their overall effective tax rate.