{
  "$schema": "https://json-schema.org/draft/2020-12/schema",
  "$id": "https://askcalculators.com/calculator/property-depreciation-real-estate-calculator/schema.json",
  "title": "Property Depreciation Calculator: Real Estate inputs",
  "description": "Create a straight-line, mid-month-convention depreciation schedule for U.S. residential rental or nonresidential real property.",
  "type": "object",
  "properties": {
    "buildingBasis": {
      "title": "Depreciable building basis",
      "type": "number",
      "description": "Exclude nondepreciable land value.",
      "default": 500000,
      "minimum": 0,
      "x-step": 1000,
      "multipleOf": 1000,
      "x-unit": "currency"
    },
    "propertyType": {
      "title": "Property type",
      "type": "string",
      "default": "residential",
      "enum": [
        "residential",
        "nonresidential"
      ],
      "x-optionLabels": {
        "residential": "Residential rental property (27.5 years)",
        "nonresidential": "Nonresidential real property (39 years)"
      }
    },
    "placedInServiceMonth": {
      "title": "Placed-in-service month",
      "type": "number",
      "default": 7,
      "minimum": 1,
      "maximum": 12,
      "x-step": 1,
      "multipleOf": 1
    },
    "bonusBasisAdjustment": {
      "title": "Basis adjustments",
      "type": "number",
      "description": "Positive or negative adjustment applied to building basis.",
      "default": 0,
      "x-step": 100,
      "multipleOf": 100,
      "x-unit": "currency"
    }
  },
  "required": [
    "buildingBasis",
    "propertyType",
    "placedInServiceMonth",
    "bonusBasisAdjustment"
  ],
  "additionalProperties": false,
  "x-askcalculators": {
    "version": "1.0.0",
    "calculatorUrl": "https://askcalculators.com/calculator/property-depreciation-real-estate-calculator/",
    "queryExample": "https://askcalculators.com/calculator/property-depreciation-real-estate-calculator/?buildingBasis=500000&propertyType=residential&placedInServiceMonth=7&bonusBasisAdjustment=0",
    "migrationStatus": "new",
    "reviewStatus": "pending",
    "pageStatus": "live",
    "workStatus": "pending",
    "formula": {
      "expression": "annual depreciation = basis ÷ recovery years, with a half-month allowed in the placed-in-service and disposition months"
    },
    "quality": {
      "availability": "live",
      "technicalReviewRecord": "/reviews/property-depreciation-real-estate-calculator.json",
      "qualifiedReview": "pending",
      "qualifiedReviewer": null,
      "qualifiedReviewDate": null,
      "formulaVersion": "1.0.0",
      "referenceCoverage": "references-pending",
      "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
      "historicalMetadataDate": "2026-09-01",
      "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
    },
    "outputs": {
      "adjustedBasis": {
        "title": "Adjusted depreciable basis",
        "type": "number",
        "x-format": "currency",
        "x-primary": true
      },
      "firstYearDepreciation": {
        "title": "First tax-year depreciation",
        "type": "number",
        "x-format": "currency"
      },
      "fullYearDepreciation": {
        "title": "Full-year straight-line amount",
        "type": "number",
        "x-format": "currency"
      },
      "finalYearDepreciation": {
        "title": "Final partial-year depreciation",
        "type": "number",
        "x-format": "currency"
      },
      "recoveryPeriod": {
        "title": "Recovery period",
        "type": "string",
        "x-format": "text"
      },
      "scheduleYears": {
        "title": "Tax years in schedule",
        "type": "number",
        "x-format": "integer"
      }
    }
  }
}