Self employed

Hi Pilotwood51, I'm happy to hear that you are taking advantage of the deductions on your Schedule C. As a real estate professional, the IRS considers you and your wife statutory nonemployees and you are treated as self-employed for all Federal tax purposes. Some expenses that would be deductible and would likely apply to both you and your wife are: Advertising (Brochures/Flyers, Business Cards, Direct Mail, Email Marketing and Newsletters, Internet Ads, Leads/Mailing Lists, Post Cards, Print Ads (Newspapers and Magazines), Promotional Materials, etc.), Auto Expenses, Business Travel, Office Expenses, Employee Wages, Communication ( cell phone, efax, internet, office phone, answering service), Equipment (Cameras, Cellphone, Computer, Lock Boxes/Locksmiths/Keys, Printer), Professional Fees(MLS Fees, dues, business licenses, legal fees), Retirement, and Training. I would recommend using a checklist specific to your Real Estate profession to stay organized and ensure you that you are taking advantage of all possible deductions. Here is an example of a real estate tax deduction checklist

Additionally, TurboTax has an excellent resource that you may find helpful. The article is titled Tax tips for Real Estate Agents and Brokers and is updated regularly. 

IRS Deducting Business Expenses