thank you ... make sense. i wish the IRS had more guidance on this..
one thing that is clear is per Pub 946, Ch1 Pg 6, "you cannot depreciate the property: Property placed in service and disposed of in the same year" in this context, i am assuming my first of improvements is placing "property" in service.
i am going to try to go with this suggestion... " Therefore , and since this was all within a reasonable time period ( less than a year ), it probably more tax advantageous to include all the improvements as part of sales preparation expenses."
