Rental Income Tax Calculator
Rental income flows through Schedule E. Most expenses are deductible, and 27.5-year straight-line depreciation on the building shelters a meaningful chunk of rent each year.
Annual depreciation
$8,000
Total deductions
$24,800
Net rental income
$11,200
Federal tax (combined)
$13,434
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Passive activity loss rules cap deductible losses for non-real-estate-pro filers (typically up to $25k phasing out between $100k–$150k MAGI). Depreciation recapture applies on sale.