None of us keep perfect records, and most of us sometimes just pull a number out of the air because we're always short on time, need to run the business, and don't have an army of bookkeepers to keep everything straight.

@Melanie Fairchild I use Bookkeeping and More.  

Hey Gang,My book keeper just retired and the person she referred me to is not very well versed in REI.  

So unless the bookkeeper / accountant does the segregation, you are stuck with the longest period.Also, as an investor in a group, you do not get to claim depreciation directly / separately.

However it sounds like it is going into the plan and the immediate transfer to the Roth is your bookkeeping approach which  seems antiquated today.

May help you find a bookkeeper you like.

Does anyone else use a bookkeeping software that works for more than 4 properties and also can import to turbotax?

Troubles with book keeping, bank accounts, accounting?

My wife has been an RE professional for quite a few years (she manages manages almost all our units and does the book keeping and most years we have at least one rehab to manage) now so that if we have a negative year, we benefit immediately (versus banking the loss against future gains).$1M umbrella coverage likely suffices even with San Diego RE prices. 

Not all of that was RE training, some was bookkeeping, entity structuring, Anthony Robbins, etc.Not sure I'd do it exactly that way now, I was learning 14 years ago so not nearly as much was available for free online.