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Depreciation calculator for rental property

Updated October 23, 2009

This depreciation calculator will show the annual depreciation deduction for a U.S. residential investment property in its simplest form. This calculator will work for single family homes, condos, townhomes and duplexes thru four-plexes. Just follow the steps shown and the results will follow.

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 1)  Please select the month and year the property was purchased as a rental (the closing date).

  

 2)  What was the purchase price of the property?

 3)  Which of the following best describes the property?

  • It was a rental when I bought it (or I immediately put it up for rent when I bought it).
  • Some time passed before I put it up for rent (for example - I remodeled the bathroom and kitchen and put it up for rent a couple of months later).

Irvin Wilson is a licensed real estate broker located in sunny Scottsdale, Arizona, home of the world's largest attendance PGA golf tournament - The FBR Phoenix Open - which set an attendance record on Saturday's play in 2008 with over 170,000 spectators in one day (538,000+ for the entire tournament). Irvin specializes in income producing and vacation oriented properties. He can be reached by email at iwilson@realmarketexperts.com or by telephone at 1-480-850-1504.

Disclaimer -- Irvin Wilson is not an attorney nor a CPA. Legal and tax information is not legal or accounting advice.

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