I've got Quicken 2005 H&B on XP tracking my five personal rental properties and they're loans, however I want it to track capital improvement projects like a new cement driveway, replacement copper piping, etc. I assume in tax-speak these improvements will be 5 yr,
10 yr, or 15 yr properties following a MACRS schedule, allowing me to deduct depreceiation?/cost recovery for the years I own the rentals, then I'll add the cost of the improvement to my rental's basis when I sell it. I want Quicken to track the numbers. If I know that I paid $15,000 for a new cement driveway for rental#A in June 2003 how do I set that up in Quicken? Can it calculate the cost recovery? What else should I setup Quicken to track? Pls KISS. Thx Steve