Cpa's generally will not provide tax 'strategies'. You can ask what ifs and they will try and give you filing process and mathematical result answers.
If one carries passive activities on a personal return the annual deductability is limited by AGI. The passive losses are not 'lost' but accrue to be used at future date as charge off against gain realized from book value/disposition price.
If the wife has sole income from active participation as a RE Professional any income reports on the return less operating expenses as a business activity.
Passive? Active? LLC carry thru? Your cpa should be able to run approx #s for you.