$0
Total Income
$0
Total Expenses
$0
Net Income
0%
Expense Ratio
| Description | Category | Property | Date | Type | Amount |
|---|
Monthly Income vs Expenses
Track your cash flow over time
Expense Breakdown
Where your money goes
Income by Category
Revenue sources breakdown
Rental Income Tax Estimator
Estimate your federal and state tax liability based on your rental income. For reference only — consult a tax professional for filing.
Common Tax Deductions
Rental property owners can typically deduct these expenses:
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Important Disclaimer
This calculator provides estimates only and is not tax advice. Tax laws vary and change frequently. Always consult a licensed CPA or tax professional before filing. This tool does not account for depreciation, passive loss rules, or all state-specific rules.
Tax Filing Resources
Use these trusted resources for filing your rental income taxes
TurboTax PremierBest for rental property owners. Handles Schedule E, depreciation, and all rental deductions.
IRS Rental Income GuideOfficial IRS guidance on what rental income to report and what expenses you can deduct.
IRS Schedule E FormThe official form for reporting supplemental income and losses from rental real estate.
H&R Block Rental TaxesExpert tax prep services specializing in rental property income filing and deductions.
IRS Publication 527Complete IRS guide for residential rental property — depreciation, expenses, and reporting rules.
IRS Form 4562 — DepreciationCalculate depreciation on your rental properties using the official IRS depreciation form.
Pro Tip: Keep all receipts and records for rental expenses. Property management, repairs, and professional fees are all potentially deductible. Use the Transactions section to track everything throughout the year so filing is easy.