Depreciation Recapture - Land Improvement

[Michelle Hannah]

Hello!

I own and operate a full time short term rental. We added a pool to the home last year. When doing taxes it separates the assets, property & the new land improvement (pool). My question is, we would like to take the one time “special depreciation” on the pool to increase cash flow as the pool was very expensive but also bc we’re well aware we’re not going to get a 1 for 1 value of what the pool cost when we  eventually sell ,so it really does depreciate immediately… But how does depreciation recapture work when we sell the home one day? Since the sale will be for the property (incl the pool), not the property & pool separately, how is the cost basis calculated? Is the land improvement asset now just automatically combined with the cost basis of the house? I’ve been searching the internet for days and could not find an answer to this! Im a numbers gal so if you could help explain with an example that would be so great! Like purchase price of home $200,000, purchase price of pool $50,000, etc

*in case it’s relevant, we are doing straight line over 27.5 yrs for the home (bought separately from the pool). Did not plan on taking any section 179 1st year for the home, as I assume the home will appreciate over time. 

Thank you!!!