One LLC with multi members for rentals- IE: A partnership One LLC with multiple members for flips, potentially with S election, potentially as a specially structured partnership.The home office won't vary nor change whether it's you and your wife listed, the office deduction remains the same. 

Carol,You would first be able to deduct selling expenses. 

Is taking a cash advance for reserves-only, really tax deductible? 

You’ll want to see how that affects your insurance premiums and ability to get insurance because it can make it more difficult.I’m with Cody, I carry high deductible insurance whenever possible Cody L.

Investment property isn’t eligible for deductions and is taxed at 2% compared to 1%.

Hi folks,I recently purchased a duplex, am occupying one unit and renting out the other.  Everyone seems to recommend separate bank accounts for the business (as landlord, collecting rent, paying expenses, repairs, et...

and if you really want to get into the weeds, interest is tax deductible.

A $100K property purchased with $40K down of IRA money ... producing 10% return would generate a tax bill of between $0 and $200 per year depending on the deductible expenses.   

Just mail him the legally required return of the deposit and the accounting statement for what you deducted, along with any necessary invoices/receipts, and be done with it. 

I have heard that those investments provide sizable tax deductions (e.g. 70-100% of the intangible drilling costs are deductible in year 1, and all tangible drilling costs are deductible over a 7 year depreciation schedule).