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.

[drrupard]

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?

[fanfare]

You would not do that. You are already depreciating the property with all the improvements it came with when you bought it.

[drrupard]

Thank you! Could I take depreciation on the land value, given the in ground pool?

[Hal_Al]

No

[drrupard]

Thank you for your help.