Estimate your rental income and expenses. See which Schedule E line each item maps to, and calculate your net rental income or loss.
Total rent collected during the year
Expense
Schedule E Line
Residential property depreciates over 27.5 years (building value only, not land).
Annual depreciation: $0
Click "Use this" to apply to your calculation
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SealedFolio tracks every expense in the right category, then generates your Schedule E report at the click of a button.
Try SealedFolioThis calculator is for estimation purposes only and does not constitute tax advice. Consult a qualified tax professional for your specific situation. Passive activity loss rules and other limitations may affect your actual deductible amount.