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offsetting passive losses ( rental) with w2 active income
Hi, I have three rental properties in Houston (TX) and all three have passive losses. I have regular W2 job and thus active income. I file jointly with my wife. She does not have active income.
what is best and easy way to offset these rental losses to my active income, I researched and found two ways.. but not sure what is correct
1. If my wife obtains a real estate agent license, will we be able to offset these passive losses with my active income. All 3 rental properties are managed by Property management services.
2. or is this possible to offset losses by she just talking to property managers.
Thanks in Advance.