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accoun5
Level 5
May 2, 2020
Question

Do you have to opt out of bonus depreciation to take a Section 179 deduction?

  • May 2, 2020
  • 1 reply
  • 9 views

Do you have to opt out of bonus depreciation to take a Section 179 deduction?

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1 reply

sjrcpa
sjrcpa
Level 15
May 2, 2020

No

The more I know the more I don’t know.
    T
    TaxGuyBill
    Level 15
    May 2, 2020

    ... but if it is a vehicle that is subject to the Luxury Limits, you would WANT to elect out of Bonus, otherwise the results are problematic (or you could not use Section 179 and use Bonus instead).

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