I started my daycare in August 2017. I have almost finished completing my taxes for the year. Net profit of around $550 with all my deductions.

I have an 11 year old inground swimming pool in excellent condition. Installed new vinyl liner in 2016 also. My daycare kids will use it in the summer.

I dont want to show a loss for taxes this year. Will I be able to claim the pool on my 2018 taxes for the first time or do i have to start in the year my business began? If i can claim it in 2018, how can i figure its value/depreciation?

Thanks!

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