Real Estate Professional Status & Taking Losses Against Full Time Income

[Isaiah Tademy]

Hello BP Community,

I'm a bit stumped. I've talked to several investors and my CPA and am getting different answers. I am a full time insurance agent with a relatively high income, and my wife got her real estate license this year (intending to qualify for real estate professional status). We aquired a handful of rental properties this year (in my personal name), and my wife handles all property management with our units and has generated some real estate commissions from sales. 

My question: Can we still take advantage of cost segs/depreciation losses against my insurance income because we are married (even though my name is on the properties only?) Or does my wife need to own the properties in order to take losses against my income?

Would love some guidance from those in a similar situation or tax professionals :)