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How to take depreciation on an in-ground pool for a rental property. The pool was already installed when I bought the rental, so I didn't pay for the pool separately.
I was told I could take depreciation. If so, what do I check on the section "Tell Us About This Rental Asset"? a) I traded in an old asset to acquire this one, b) I purchased this asset new, or c) the item was sold, retired, etc? Do I add it somewhere else?
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‎June 6, 2019
2:15 AM