Real estate professional status

[Edward Kanive]

Does anyone have a good link to how to deduct from w2 income using real estate “losses”. I understand it mostly but I need my wife to more and I can’t get her on board, 

I’m trying to convince my wife it’d be worth her time. 

we’re a two physician house but she’s not practicing because we have 5 kids under 4 plus she has to do residency. I’m not sure how much it would help currently as we have only 2 pretty profitable and inexpensive properties. 

what sort of portfolio would we need to make a dent. I will gross about 525,000$ this year. If she were to practice, she’d do part time and thus only be 150k or so. Does anyone have strong opinions or savvy  advice for this? 
I don’t have much borrowing power as banks let me buy all 3 if my properties with 0 percent down (physician loan) and I’m only 32. I don’t have a lot of time built up building equity. Also, have 500k in student loans that I am waiting until 2027 to have forgiven via a government program. So might not be able to expand a ton until then anyway.

[Russell Brazil]

If she's going to be doing her residency, and you are a full time physician...it will not be possible for either of you to achieve real estate professional status. Im sure someone will chime in here and say you can, but they are wrong.  

Of all the cases that have gone to the tax court, tens of thousands of cases....only 2 times have individuals successfully defended claiming real estate professional status while also having a full time job.