tax treatment of adding shared swimming pool?
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Date: September 20th, 2017 4:59 AM Author: vigorous black woman
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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