I am sure your CPA tells you this (I am not one and this is not tax advice) but if you ever have any problems with your Adjusted Gross Income being to high causing you to hit the Phaseout Limit (limiting your Real Estate Losses) if you do a little planning through you and your wife's 401(k) plans or other retirement plans you may be able to get your AGI low enough to stay under the Phaseout Limit.
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