Your Rental,
Tax Decoded.

Calculate your net rental income, depreciation deduction, passive loss limits, and tax impact — in under 3 minutes.

Step 1 of 4

Step 1: Property & Rental Income

Enter your property details and annual rental income.

Annual gross rental income ?Total rent collected for the year before any expenses.

Property purchase price ?Original purchase price. Used to calculate depreciation. Land is not depreciable — we'll separate it in the next field.

Land value (typically 15-25% of purchase price) ?Check your property tax assessment for the land vs. building breakdown. If unsure, use 20% of purchase price.

Year property was placed in service ?The year the property was first available and ready for rental use — not necessarily the year you purchased it. If you renovated before renting, use the year it was first available for tenants. This starts the 27.5-year depreciation clock.

Step 2: Rental Expenses

All deductible operating expenses for the year

Enter your annual expenses. All of these are deductible against rental income.

Mortgage interest

Property taxes

Insurance

Repairs & maintenance

Property management fees

HOA / condo fees

Utilities (if landlord pays)

Other expenses (advertising, legal, travel, etc.)

Step 3: Your Tax Situation

Determines passive loss limits and tax rate

This determines whether you can deduct rental losses against other income (the $25,000 special allowance) and your marginal tax rate.

Filing Status

Your Modified AGI (excluding rental) ?Your AGI from all sources EXCEPT this rental property. Used for the passive loss phaseout ($100K-$150K).

I qualify as a Real Estate Professional (750+ hours)

If you materially participate and spend 750+ hours in real estate activities, passive loss limits don't apply to you.

Step 4: Additional Details

Days property was rented

Days of personal use ?If personal use exceeds the greater of 14 days or 10% of rental days, the property is treated as a personal residence and deductions are limited.

TaxDecoded

This analysis is for educational and informational purposes only.
It does not constitute tax advice. Consult a qualified tax professional for guidance specific to your situation.

Built by TaxDecoded

This tool is for educational and informational purposes only and does not constitute tax advice. Tax laws are complex and individual circumstances vary. Consult a qualified tax professional for advice specific to your situation.

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Your Rental,Tax Decoded.

Your Rental,
Tax Decoded.