I am making improvements (replace doors and windows) after the property was put into rental business (while being rented). Do I start depreciating the particular improvement from the moment it is put in service, not when the rental business started? Does each improvement have its own depreciation schedule as they are finished at different times?
What if I do an expensive remodel somewhere in the middle of 27.5 period, does it start its own 27.5 depreciation cycle that would go past the main building's depreciation period or all improvements just add to the cost basis, and all depreciation ends at the end of the 27.5 period of the main building? What if I keep using the property for rent past its 27.5 depreciation period?
Thanks!
