I've been itemizing for years but if I retire this year, my 2019 taxes will likely just used the $26k standard deduction. How does rental income that gets offset by depreciation and other rental expenses fit in if you take the standard deduction, is it still deducted from the rental income? For example, if I have $50k in ordinary income and take the standard deduction, but also have $20k in rental income on a house that is depreciating at $20k/year, do I end up with AGI of $24k ($50k-26k+(20k-20k)) or $44k ($50k+20k-26k)?