Taxes - can you offset REIT dividends using passive losses?

[Jim S.]

If you own rental properties that produce passive losses due to depreciation, can you apply this loss to the pass-through tax from REIT dividends?

I have a growing pile of passive losses that I can't do anything useful with and during COVID I've been having fun investing in a number of REITs on the side (SPG, MAC, STOR, PK, CIO) in addition to expanding my rental portfolio. I am hoping I can offset the high tax burden on the dividends using the passive losses my rentals kick off. If it's not possible, I would likely sell my REITs after I hit one year of ownership and book the gains as capital gains before the dividends start killing my taxes.