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

accoun5
Level 4

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

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2 Comments 2
sjrcpa
Level 15

No


Ex-AllStar
TaxGuyBill
Level 15

... 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).