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Form Schedule E Calculator

Work out rental profit or loss on Schedule E and how much of a loss you can deduct this year.

Updated November 4, 2026. Free, no sign-up; everything runs in your browser and nothing you type is stored.

Form Schedule E rental calculator

Rents received, line 3 ($)Mortgage interest, line 12 ($)Property taxes, line 16 ($)Insurance ($)Repairs and cleaning ($)Management fees ($)Other expenses: HOA, utilities, travel ($)Depreciation, line 18 ($)Your modified AGI ($)Your role

Net rental income or loss, line 21

–

–Total expenses

–Loss allowed

–Suspended loss

Schedule E, Part I: rental real estate

Schedule E (Form 1040) reports income and expenses from rental property, three properties per page. Deductible expenses include advertising, auto and travel, cleaning and maintenance, commissions, insurance, legal and professional fees, management fees, mortgage interest (line 12), repairs, supplies, property taxes (line 16), utilities, and depreciation (line 18) over 27.5 years from the rental property depreciation calculator.

Rental losses and the $25,000 allowance

Rentals are passive activities, so losses normally only offset passive income. The exceptions (IRC 469, Form 8582):

Active participants (you approve tenants, set rents, approve repairs) can deduct up to $25,000 of rental losses against wages and other income. It phases out by 50 cents per dollar of modified AGI between $100,000 and $150,000, gone above $150,000.
Real estate professionals (more than 750 hours and over half your working time in real estate, with material participation) aren't limited.
Disallowed losses aren't lost: they carry forward and are fully released when you sell the property.

Worked example

$24,000 of rent against $23,500 of cash expenses and $11,273 of depreciation is a -$10,773 tax loss even with positive cash flow. At $120,000 of MAGI, an active participant's allowance is $15,000, so the whole $10,773 loss is deductible. Rental cash return: cash on cash return calculator; sale: Form 4797.

Common questions

What is Schedule E used for?

Reporting income and expenses from rental real estate, royalties, partnerships and S corps.

How much rental loss can I deduct?

Up to $25,000 if you actively participate, phased out between $100,000 and $150,000 of MAGI.

What happens to disallowed rental losses?

They carry forward on Form 8582 and are released when you sell.

Sources

More paycheck and tax calculators: Form 8812 Calculator · Form Schedule C Calculator · Self Employment Tax Estimator · Semi Monthly Meaning + Semi-Monthly vs Biweekly Pay

General information, not financial, tax or legal advice. Check important numbers with the official source before acting on them.