topic 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. in Investors & landlords

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 — Thu, 06 Jun 2019 09:15:35 GMT

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?

You would not do that. You are already depreciating the p...

fanfare — Thu, 06 Jun 2019 09:15:36 GMT

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

Thank you! Could I take depreciation on the land value, g...

drrupard — Thu, 06 Jun 2019 09:15:38 GMT

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

No

Hal_Al — Thu, 06 Jun 2019 09:15:40 GMT

Thank you for your help.

drrupard — Thu, 06 Jun 2019 09:15:41 GMT

Thank you for your help.