How to use the EasyRentalTools rental property depreciation calculator
The EasyRentalTools depreciation calculator calculates the annual depreciation amounts for a rental property.
The EasyRentalTools rental property depreciation calculator allows us to simply enter a purchase price and date and then follow the screens to a chart of our annual depreciation amounts. The hardest part of this task is figuring out the lot value of our rental. For this purpose we can use property tax records, appraisals, or simply the price of other similar lots for sale. The IRS does not stipulate a desired method. Your estimates just need to be reasonable. Any of the above should be reasonable sources in the eyes of the IRS. The EasyRentalTools depreciation calculator walks you thru, step by step.