Schedule E Rental Property & Depreciation Assistant
Schedule E · MACRS Depreciation · Workpapers
Purpose-built for residential landlords and expats with U.S. or foreign rental properties. Organizes Schedule E figures in 10–15 minutes with complete audit-ready workpaper exports.
- Dual depreciation engines: Computes U.S. MACRS 27.5-year GDS and foreign residential 30-year ADS depreciation.
- Personal-to-rental conversion: Enforces Reg. §1.167(g)-1 lower-of-basis rule between conversion FMV and adjusted basis.
- Repair vs. improvement rules: Guides De Minimis Safe Harbor expensing up to $2,500 vs mandatory capital improvements.
- Partial rental & personal days: Allocates shared utilities, property taxes, and mortgage interest accurately.
- Audit-ready Excel export: Generates structured workpapers ready for Drake, TurboTax, or CPA review.