Depreciation

[Kevin Schick]

I relation to depreciation and rental properties, I think I have a pretty good handle on how the IRS regulations work.

Purchase price and repairs up to the point property is placed in service, are the base 27.5 year depreciated amount.

Additional repairs/improvements after it is rented are depreciated based upon placed in service date and type of improvement.

Question:

In general would grouping similar capital improvements by quarter be acceptable, or by month, versus tracking each improvment to it's exact in service date.

I have a new rental, that is fully leased, but there are still capital improvements being made. I don't want to be tracking 10 different depreciating improvement items forever. I guess I could do monthly groupings since that is the minimal period that the depreciation schedule is based upon.

Thoughts?