Tax-advantaged Accounts for Real Estate Professionals

[Jasper Cooper]

Hello,

I work a normal job, and my wife is the real estate professional who helps manage our investment properties.  Due to depreciation, we report negative taxable income from our real estate investments, which helps offset my W2 income.  

We own enough real estate and plan to significantly increase our stock investments in the next few years.  We are looking for advice on tax-advantaged accounts.  

I already max out my retirement contributions for my work retirement plan, and we also max out our Roth IRAs and HSA. Are there other tax-advantaged accounts available to us, particularly for my wife as a real estate professional? Most retirement accounts for entrepreneurs max out at 20-25% of net income (e.g. SEP IRA and SEP 401(k)). However, our real estate business generates negative taxable income, so I would think SEPs won't work for us. Are there any other accounts we can use?

Thank you very much in advance!

(Question should be viewed as theoretical and does not necessarily reflect our true financial situation)