"Property improvements are expenses you incur that add value to the property. Expenses for this are entered in the Assets/Depreciation section and depreciated over time. Property improvements can be done at any time after your initial purchase of the property. It does not matter if it was your residence or a rental at the time of the improvement. It still adds value to the property."
We DIYed all of the improvements to our rental property while it was still our primary residence.
#1) Over the years, we've bought windows, appliances, as well as tons of construction materials to be used in our reno (tile, drywall, wood, etc.). Should these be consolidated into categories and depreciated with different schedules? We only started renting the house in June 2019, but the improvements were years in the making. Please advise.
