danielmalkin
Level 2
02-21-2020
06:22 AM
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@TaxGuyBill we did not elect out of Bonus Depreciation in 2017, that is correct.
And yes for state reasons, this is relating to a CT client and the add-back for Bonus depreciation is 100% in year elected whereas the add-back for Section 179 is 80% - giving them at least some kind of benefit on the state side in the year taken.