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Thread: Taxes (yuk)

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    Rockcrawler's Avatar
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    May 2007
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    El Paso, Texas
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    174

    Taxes (yuk)

    Just wondering if you can deduct the interest on a pool loan??


    I need every deduction I can get, hope the Demos don't take over
    13,000 IG Plaster, 2hp whisperflo pump, 48 sq in pentair DE Filter, 1 skimmer, 2 eyeball outlets, 200 sq ft solar panels on second story, Auto Pilot SWG-36, Polaris ATV Cleaner

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    SeanB's Avatar
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    Mar 2007
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    Missouri City (suburb of Houston, TX)
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    2,622
    You can if you rolled it in when you financed your home, and I believe you can if it's a home improvement loan - not sure if that applies if it is a "pool loan" though.

    Do we have a CPA in the house?
    TFP Founder

    My Pool: 13K gal IG gunite with 7' spa, Pentair Cartridge Filter, Intellichlor IC40 SWG, Polaris 280 Cleaner, TF-100 Test Kit w/ salt test.

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    AnnaK's Avatar
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    Jul 2007
    Location
    Eastern Pennsylvania
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    If it's a Home Improvement loan or Line-of-Credit you can deduct the interest paid regardless of what you used the money for.
    — AnnaK —

    12,000 gal AGP, Hayward sand filter, Pentair 2-speed pump, timer.
    Please visit our Pool Issues pages for information about step weights, managing the solar cover, and PoolSkim.

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