Property Depreciation Calculator

Calculate depreciation schedules for residential rental or nonresidential real property

Cost Basis

$0.00

Annual Depreciation

$0.00

First Year

$0.00

Last Year

$0.00

Year Book Value Start Depreciation Accumulated Depreciation Book Value End
Enter values and click “Calculate Depreciation” to see results

About this calculator: This calculator uses the straight-line depreciation method with mid-month convention for real estate property as per IRS guidelines. It’s designed for residential rental or nonresidential real property related to IRS form 4562 lines 19 and 20.

Note: This calculator is for educational purposes only. Consult a tax professional for specific tax advice.

Tax Forms/ Reference

Form 4562 IRS 2009 Depreciation and Amortization (Including Information on Listed Property)

Inst 4562 IRS 2009 Instructions for Form 4562, Depreciation and Amortization

Publ 946 IRS Publication: How to Depreciate Property

Turbo Tax Documentation: Real Estate Tax and Rental Property: How do I calculate depreciation?