This calculator is designed to provide a guide to possible financial outcomes of the purchase and rental of an investment property.
27.5 yr straight line depreciation, deduction may be limited with high gross income. Depreciation is based on the value of the home without the land. These calculations are allocating 20% of the purchase price to the land and the remainder to the residence.
Deductions based on Federal Filing Status Single. Keep in mind that your tax deduction may be limited with an adjusted gross income over $100,000. See your tax advisor for your deductions.