$40,000 Pool Deduction: Weirdest Write-Off I've Ever Seen

Teaching Millionaires

When Dr. Emily told me she deducted her $40,000 backyard pool as a medical expense, I thought she was crazy. But she had the IRS paperwork to prove it was 100% legal.

In this video, I break down exactly how she did it, what documentation she needed, and the specific IRS rules that made it possible. Plus, I'll share other surprising tax deductions you've probably never heard of - including elevators, saunas, and even guard dogs!

⏱️ CHAPTERS:

0:00 - $40K Pool Deduction Revealed

1:38 - The IRS Documentation Requirements

2:42 - How the $80K Pool = $40K Deduction

4:26 - Other Surprising Legal Write-Offs

6:10 - Marcus's $23K Garage Office Case Study

7:47 - The Real Life-Changing Impact

9:06 - Why Timing Beats Last-Minute Planning

10:39 - Your Tax Strategy Takeaway

#TaxDeductions #TaxPlanning #IRS

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👥 About Rich Smith:

Rich Smith helps individuals and business owners optimize their wealth through smart financial strategies. With expertise in tax incentives and wealth preservation, Rich breaks down complex financial concepts into actionable steps.

📌 This video may contain links through which we are compensated when you click on or are approved for offers. The information in this video was not provided by any of the companies mentioned, and has not been reviewed, approved, or otherwise endorsed by any of these entities. I am not a financial advisor. The information I share is for educational purposes only and shouldn't be considered as certified financial or legal advice. It is imperative you conduct your own research. I am sharing my opinion only.