AmyC
Expert Alumni

Deductions & credits

1. A pool is real property and might go on sch E, depending on the circumstances and services provided. IRS Topic 414 scratches the tip of the iceberg. Running a swimming pool business seems pretty involved. If you provide substantial service,  it can turn into a Sch C. This is a new trend and not clearly defined by the IRS. 

2. Yes, the portion used for the rental business is deductible

3. Yes, the portion used for the rental business is deductible

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post