Adding the cost of a capital improvement to the basis of a rental property.

[Donatello]

I need to adding the cost of a capital improvement to the basis of a rental property for depreciation purposes. I can add it as a new Asset but it does not accumulate to the same rental property. I am looking for the way to correctly do this.

Many thanks

[IRonMaN]

But improvements are separate assets and a new asset should be created in the year that the improvements were put into use.

[Just-Lisa-Now-]

"I can add it as a new Asset but it does not accumulate to the same rental property."

What does this mean.....it does not accumulate to the same rental property?

[Accountant-Man]

You mean attach to the same property. You can change the activity in the Forms menu, while  you are looking at the new asset sheet.

Every time you add a new asset, do it while looking at another asset in the same activity, then it will attach properly.