Residential property investors often rely on their CPAs to track and calculate depreciation across their portfolios, but sometimes you just need a quick and dirty number to help inform an important decision. So we built this handy rental property depreciation calculator just for you.
It uses a MACRS table to calculate a full depreciation schedule, including the partial first and last calendar year depreciation amounts, based on your date placed in service and useful life inputs. Note that for 5 and 7-year property, the 200 percent declining balance depreciation method is used, while the 27.5 and 39 year useful life variables use straight line depreciation. This is per general IRS guidelines but you should of course consult a qualified CPA before determining which approach is best suited to your specific situation.
Understanding the MACRS depreciation schedule can get a bit complicated. Just stick with it and try some examples on your own.
Finally, there is a known javascript bug in the way that the code handles a January 1 date placed in service. The results will mistakenly show a partial amount for the prior calendar year — just take that amount and move it to the final year of the schedule.
MACRS Depreciation Calculator
Yearly Depreciation:
| Year | Depreciation ($) |
|---|
Once you have a good handle on your depreciation schedules, be sure to check out our other calculators:
- Section 179 calculator
- Simple Mortgage Calculator
- Airbnb Calculator
- Quick RevPAR Calculator