Rental Property Depreciation Calculator

Calculate the depreciation for a rental property or real estate using the straight line method and mid-month convention, as required by the IRS for rental property and real property.

$
years
Placed in Service:

Depreciation Schedule:

YearDepreciation Amount
2022$8,712
2023$9,091
2024$9,091
2025$9,091
2026$9,091
2027$9,091
2028$9,091
2029$9,091
2030$9,091
2031$9,091
2032$9,091
2033$9,091
2034$9,091
2035$9,091
2036$9,091
2037$9,091
2038$9,091
2039$9,091
2040$9,091
2041$9,091
2042$9,091
2043$9,091
2044$9,091
2045$9,091
2046$9,091
2047$9,091
2048$9,091
2049$4,922
This calculation is based on widely-accepted formulas, but it is not a recommendation for how to handle your finances. Consult with a financial professional before making financial decisions.
Learn how we calculated this below


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Depreciation Formula

The straight line depreciation formula for a full year is:

depreciation = cost basis / recovery period

The IRS requires that the depreciation for the first year be prorated for the number of months the property is in use.[1] The straight line depreciation formula for a partial first year prorated for the number of months in use is:

1st year depreciation = (12 – month) + 0.5 / 12 × cost basis / recovery period

References

  1. Internal Revenue Service, Publication 527 (2020), Residential Rental Property, https://www.irs.gov/publications/p527