Free Tool

Schedule E Estimator

Estimate your Schedule E rental taxable income for a property.

Tax

Rents Received ($)

Operating Expenses (ex interest) ($)

Mortgage Interest ($)

Depreciation ($)

Schedule E Taxable Income

Total Expenses

How this number is calculated

Basis

Rental taxable income estimate

Formula

taxable rental income = rents received - operating expenses - mortgage interest - depreciation

Includes

Excludes

Source

Public calculator inputs

Computed

Live from the values currently entered above

Notes

This is a simple worksheet estimate, not tax advice.

How it works

Add operating expenses, mortgage interest, and depreciation

Subtract from rents received to get taxable rental income

Depreciation often turns a cash flow positive property into paper loss

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Related tools and terms

Frequently asked questions

Can Schedule E show a loss?

Yes. Depreciation commonly produces a paper loss. Passive loss rules may limit deductibility.