I would recommend for your wife to get the real estate professional designation, which means she would have to document her hours of work in that area (and pass the 50% and 750 hours test), so that the collective outcome of all your properties is looked at together (you have to actively make that selection when filing your taxes) - if you still have losses overall (even if they are just phantom depreciation or rollover losses), you would then be able to balance out those losses against your active income (of either of you).Remember that the fact that your wife has a license is irrelevant for the RE professional designation - it is all about the time spent and the type of work done.Do talk to a professional on this. and good luck!

After doing some Googling,  seems to be a good option for meA few questions for those who have done this before:Can I 'rollover' my current 401K that can only invest in stocks to a real estate-based 401k?

I have a Traditional IRA that includes some contributions during years when the contribution wasn't tax-deductible because I or my wife had 401k accounts.Last year I did a rollover of the entire Traditional IRA into my Solo 401k, and then did an in-plan rollover of my entire Solo 401k into a separate Roth-designated Solo 401k account.I'm trying to figure out how to get TurboTax to understand that part of that in-plan Roth rollover shouldn't be taxed because some of the original Traditional IRA money was already taxed (and I haven't yet submitted the 1099-R for that rollover, so I need to do that).Then I came across this...https://www.mysolo401k.net/nondeductible-ira-contr...That article claims that you can't actually rollover nondeductible traditional IRA funds into a Solo 401k at all.  

@Jessica Sander-CederlofIf you are self-employed with no full-time w-2 employees, you can set up a Solo 401k & rollover funds from a former employer plan and/or non-Roth IRA as a tax-free direct rollover and then invest in real estate.

Then, after repairs are made, they would roll over into a traditional mortgage 75% of the newly appraised value.

we had a similar problem with one of the wife's being rolled into an IRA BUT it was a 'surrendered' non-qualified account, NOT a roll over.

Now, as I use those words, "rent credits" understand that these roll over to seller financing, not conventional financing.

It sounds like a rollover to me, which is non-taxable.

after many attempts, he refuses to sign....mum and dad would roll over in their graves if they knew what was going on....he knows he has a bit of power, and takes full advantage of it.

Access money from your IRA for a 60-day period with what is considered a tax-free rollover.