accoun5
Level 4
05-01-2020
08:27 PM
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Do you have to opt out of bonus depreciation to take a Section 179 deduction?
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sjrcpa
Level 15
05-01-2020
08:54 PM
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No
The more I know the more I don’t know.
TaxGuyBill
Level 15
05-01-2020
09:23 PM
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... 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).