Thu May 09 2024, by Tyler Gardner
Can You Deduct Pool Installation Costs? The Surprising Answer
Tyler?
Yep.
It says here you’re trying to deduct $200,000 for installing a personal pool?
Yep.
Okay, this has gone too far.
No, here's my doctor's note. I have bronchial issues and need a pool for daily medical treatment.
And you can write this off?
I can write off the cost of the pool installation, less the increase in my home value.
Well, don’t smile too much, as pools are pretty expensive to upkeep.
Oh, I know. And I can thank you for that because I can write off the cost of pool upkeep too.
Well, off to rehab. Let me know when the check’s in the mail. I need new floaties.
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