Estimate yearly depreciation for a residential rental building using the IRS 27.5-year MACRS mid-month convention. Land is not depreciable — enter building basis only.
Depreciation for tax year
$0
Uses IRS Publication 946 mid-month percentages for 27.5-year residential rental property. Does not handle bonus depreciation, Section 179, partial dispositions, or commercial 39-year property. Not tax advice.
Years from placed-in-service through the end of the recovery period. Amounts round to the nearest dollar.
| Year | Recovery year | Rate | Depreciation | Cumulative |
|---|
Log the annual figure on Schedule E Line 18 inside the Landlord Tracker, next to rent and every other expense line. $19 one-time.