Barry has a chronic back problem that requires that he receive regular therapy in a swimming pool.

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Barry has a chronic back problem that requires that he receive regular therapy in a swimming pool. He purchased a new home with a larger backyard so that he could install a swimming pool.The purchase price of the home was $180,000.The cost of installing the pool was $12,000, and the real estate appraiser said that it increased the value of the home by $7,000.The pool is used only for Barry’s therapy workouts.

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Taxation For Decision Makers 2008

ISBN: 9780324654110

2nd Edition

Authors: Shirley Dennis-Escoffier, Karen A. Fortin

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