What is the best way to depreciate Repairs/Improvements for Rental Condominium that is greater than 2% of the Unadjusted Basis?

[IRonMaN · Accepted solution]

There isn't any "best way".  If it is an improvement, you depreciate.  If it is a repair, you expense.

[abctax55]

Repairs & Improvements are NOT interchangeable terms.

A repair is not restricted to "less than 2% of unadjusted basis".

An Improvement will depreciated using MACRS (assuming the property is on US soil), using the appropriate convention.