\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

tax treatment of adding shared swimming pool?

any tax masterminds out there? i own a home with a standalon...
Soggy Snowy Base Background Story
  09/20/17
...
Soggy Snowy Base Background Story
  09/20/17
If u put an "island" in middle of pool any money y...
Motley fear-inspiring factory reset button fanboi
  09/20/17
...
Turquoise forum main people
  09/20/17
...
180 range fortuitous meteor
  09/20/17
...
exciting legend
  09/20/17
Get an accountant
Cheese-eating station
  09/20/17
never
Soggy Snowy Base Background Story
  09/20/17
why would it matter where you allocate it
Abusive vigorous electric furnace idiot
  09/20/17
depreciation over time. and also if i could deduct some of t...
Soggy Snowy Base Background Story
  09/20/17
wouldn't you lose depreciation on real house pari passu with...
Abusive vigorous electric furnace idiot
  09/20/17
you can't deduct depreciation on your personal home. only re...
Soggy Snowy Base Background Story
  09/20/17


Poast new message in this thread



Reply Favorite

Date: September 20th, 2017 4:59 AM
Author: Soggy Snowy Base Background Story

any tax masterminds out there? i own a home with a standalone guest house that i've been airbnbing for 18 months (pretty sweet, as it covers my mortgage).

if i were to add a pool in the backyard of the shared prop and permit airbnb guests to use without restriction, what happens? i know it'd be a capital improvement vs repair. but can i allocate half of that to the guest house and depreciate it every year?

what about ongoing pool maintenance? deduct half?

totally putting in a pool/hot tub this fall if i can figure out the tax thing.



(http://www.autoadmit.com/thread.php?thread_id=3737310&forum_id=2#34249044)



Reply Favorite

Date: September 20th, 2017 12:33 PM
Author: Soggy Snowy Base Background Story



(http://www.autoadmit.com/thread.php?thread_id=3737310&forum_id=2#34250709)



Reply Favorite

Date: September 20th, 2017 12:34 PM
Author: Motley fear-inspiring factory reset button fanboi

If u put an "island" in middle of pool any money you earn is tax exempt if you accrue it while on the "island"

(http://www.autoadmit.com/thread.php?thread_id=3737310&forum_id=2#34250717)



Reply Favorite

Date: September 20th, 2017 12:46 PM
Author: Turquoise forum main people



(http://www.autoadmit.com/thread.php?thread_id=3737310&forum_id=2#34250770)



Reply Favorite

Date: September 20th, 2017 12:47 PM
Author: 180 range fortuitous meteor



(http://www.autoadmit.com/thread.php?thread_id=3737310&forum_id=2#34250779)



Reply Favorite

Date: September 20th, 2017 12:56 PM
Author: exciting legend



(http://www.autoadmit.com/thread.php?thread_id=3737310&forum_id=2#34250846)



Reply Favorite

Date: September 20th, 2017 12:34 PM
Author: Cheese-eating station

Get an accountant

(http://www.autoadmit.com/thread.php?thread_id=3737310&forum_id=2#34250719)



Reply Favorite

Date: September 20th, 2017 12:38 PM
Author: Soggy Snowy Base Background Story

never

(http://www.autoadmit.com/thread.php?thread_id=3737310&forum_id=2#34250730)



Reply Favorite

Date: September 20th, 2017 12:51 PM
Author: Abusive vigorous electric furnace idiot

why would it matter where you allocate it

(http://www.autoadmit.com/thread.php?thread_id=3737310&forum_id=2#34250793)



Reply Favorite

Date: September 20th, 2017 12:56 PM
Author: Soggy Snowy Base Background Story

depreciation over time. and also if i could deduct some of the ongoing running/maintenance costs, that'd be helpful

(http://www.autoadmit.com/thread.php?thread_id=3737310&forum_id=2#34250841)



Reply Favorite

Date: September 20th, 2017 12:57 PM
Author: Abusive vigorous electric furnace idiot

wouldn't you lose depreciation on real house pari passu with what you allocate to guest house

(http://www.autoadmit.com/thread.php?thread_id=3737310&forum_id=2#34250850)



Reply Favorite

Date: September 20th, 2017 1:03 PM
Author: Soggy Snowy Base Background Story

you can't deduct depreciation on your personal home. only rental properties.

(http://www.autoadmit.com/thread.php?thread_id=3737310&forum_id=2#34250908)