Using excess depreciation against other business (S-CORP)?

[Brady Huf]

I have an S-CORP that I run my video production company through.

I am planning to start an LLC to purchase my first investment property.

Question 1:

Can I use excess depreciation from that property to offset taxes paid through my day job S-CORP?

I've seen something about passive income can be used if you make under $100,000 up to $25,000?

Question 2:

Can I somehow use this for my wife's income. She is a nurse. Maybe having her named in the LLC?

May be some dumb questions, just bear with me. I'm 23 and learning how this works...

I'll be taking to a CPA soon, but I want to get a bit better handle on first.