Market context
What the market shows
HUD Fair Market Rent, city reports, and the rent estimator describe statistical or voucher-related rent. They are not rents you received and not taxable income by default.
Home · Tax literacy
Worksheets
Seven worksheets that run in your browser. They arrange cash from a residential rental on a worksheet you can take to your CPA.
Estimates for planning; not tax/legal advice.
Three layers. keep them apart
This hub will not print a blended “return after tax using live FMR.” HUD rent is a market statistic. Cash flow is money that moved. Tax education is how some of those items appear on a teaching worksheet.
Market context
HUD Fair Market Rent, city reports, and the rent estimator describe statistical or voucher-related rent. They are not rents you received and not taxable income by default.
Cash flow
Vacancy, operating expenses, and debt service belong on a P&L first. Mortgage principal is not an expense here; interest may be a worksheet category later.
Cash flow analyzer. operations math, not a tax return.
Tax education
Interest, depreciation, and exchange questions live here. They use numbers you type. They do not pull HUD into income and they do not file anything.
A simplified annual worksheet with Schedule E-style categories.
Open worksheet →How net before depreciation moves when vacancy or an expense shock changes.
Open worksheet →27.5-year mid-month illustration for building basis. Land stays out.
Open worksheet →Questions to take to a QI and a CPA, including identification windows and boot.
Open checklist →Year-1 depreciation from a land split, a short-life slice, and a bonus percent you can edit.
Open worksheet →Sale net after the recapture percent you enter, refinance cash, and hold cash flow.
Open worksheet →Your hours and a spouse's hours toward the 500-hour and 100-hour tests, saved in this browser, with CSV export.
Open tracker →EXAMPLE DATA - MUST BE VERIFIED BEFORE SHIP
A sample identity: $24,000 rents − $1,680 vacancy (7%) = $22,320 effective rent. That figure is a teaching identity, not rents from a property, not HUD FMR, and not a Schedule E result.
Worksheets do not call tax APIs and do not require a live HUD fetch. Market pages keep their own data strategy.