New to the forum but tons of reading previously....great way to find info! Listing our swimming pool ($38K) under Land Improvement as a depreciable item as kids use it during DC. While T/S seems to be method for most items depreciated, it seems reasonable to use Actual Business use for swimming pool as it is used only in summer months. In my case T/S would have higher cost depcreciated, but is that "reasonable" (22% T/S vs 4% Bus Use)? Tom's book is on the way, but I thought I would ask opinions of others in a similar situation. Do you use T/S or Actual Business Use for such an item? Thanks.
Announcement
Collapse
No announcement yet.
Depreciation Swimming Pool
Collapse
X
Comment