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tax treatment of adding shared swimming pool?

any tax masterminds out there? i own a home with a standalon...
Bearded Sapphire Toaster Boltzmann
  09/20/17
...
Bearded Sapphire Toaster Boltzmann
  09/20/17
If u put an "island" in middle of pool any money y...
Ungodly self-centered theater stage
  09/20/17
...
flesh electric furnace
  09/20/17
...
marvelous transparent trump supporter
  09/20/17
...
Dashing brethren
  09/20/17
Get an accountant
sickened medicated multi-billionaire indian lodge
  09/20/17
never
Bearded Sapphire Toaster Boltzmann
  09/20/17
why would it matter where you allocate it
Sadistic Obsidian Trailer Park
  09/20/17
depreciation over time. and also if i could deduct some of t...
Bearded Sapphire Toaster Boltzmann
  09/20/17
wouldn't you lose depreciation on real house pari passu with...
Sadistic Obsidian Trailer Park
  09/20/17
you can't deduct depreciation on your personal home. only re...
Bearded Sapphire Toaster Boltzmann
  09/20/17


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Date: September 20th, 2017 4:59 AM
Author: Bearded Sapphire Toaster Boltzmann

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)



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Date: September 20th, 2017 12:33 PM
Author: Bearded Sapphire Toaster Boltzmann



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



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Date: September 20th, 2017 12:34 PM
Author: Ungodly self-centered theater stage

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)



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Date: September 20th, 2017 12:46 PM
Author: flesh electric furnace



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



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Date: September 20th, 2017 12:47 PM
Author: marvelous transparent trump supporter



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



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Date: September 20th, 2017 12:56 PM
Author: Dashing brethren



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



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Date: September 20th, 2017 12:34 PM
Author: sickened medicated multi-billionaire indian lodge

Get an accountant

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



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Date: September 20th, 2017 12:38 PM
Author: Bearded Sapphire Toaster Boltzmann

never

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



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Date: September 20th, 2017 12:51 PM
Author: Sadistic Obsidian Trailer Park

why would it matter where you allocate it

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



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Date: September 20th, 2017 12:56 PM
Author: Bearded Sapphire Toaster Boltzmann

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)



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Date: September 20th, 2017 12:57 PM
Author: Sadistic Obsidian Trailer Park

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)



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Date: September 20th, 2017 1:03 PM
Author: Bearded Sapphire Toaster Boltzmann

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)