Feel like I’m getting taxed incorrectly

[Nick Causa]

Maybe someone could help, or tell me i’m all wrong. I know taxes are your biggest expense and theyve been crushing us. My wife and I own two rental properties. One we house hack and the other we airbnb. We’re W2 employees and our accountant tells us we can’t see any of the deductions on either property because we make more than 150k combined on our W2. Does this make sense? Last year we paid a hefty $9000+ tax bill. The year before it was $6000+. We contribute to a 401k but we cut that contribution down significantly to help us buy an investment property. Any suggestions?