About Depreciation Calculator
This calculator helps you determine the annual depreciation deduction for your real estate property. The IRS allows you to depreciate:
- Residential properties over 27.5 years
- Commercial properties over 39 years
The calculator provides:
- Building value (property value minus land value)
- Annual depreciation amount
- Total depreciable amount
- Remaining value after first year's depreciation
Note: Land value is not depreciable, which is why it must be subtracted from the total property value.