Rental Property Depreciation Calculator

Depreciation is one of the biggest tax breaks in real estate: the IRS lets you deduct the cost of a residential rental building over 27.5 years (straight-line, mid-month convention), even though the property may be appreciating. Enter your numbers to get your annual deduction and a year-by-year schedule you can print for your tax file.

Not tax advice. Land (not depreciable) must be excluded from the basis — use your property tax assessment's land/improvement split or an appraisal. Consult a tax professional for your situation.

Total acquisition cost $ (purchase price + closing costs + improvements) Land value % of total (land is NOT depreciable — typical range 10–30%) Date placed in service (when the property was ready and available for rent) Date sold / taken out of service (leave blank if still in service)