<p>When you do your Schedule E forms for the IRS, do you depreciate every appliance, carpet, etc. that you purchased during the year? If you have a lot of units, is this an onerous amount of paperwork?</p>
<p>Yes, we depreciate major items.
Only have one unit (single family home), so its not too big a chore.
Comment: this is why they invented tax software. You just put in what you purchased, select the appropriate category/depreciation schedule, and the program figures it out for you and keeps track of things in subsequent years. We use Turbo Tax but I assume other software also handles this.</p>