Level 11
01-11-2021
02:06 PM
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Both bonus and 179 are depreciation for calculating the ordinary gain on disposition, but if they're in an entity, the K-1 presentation is different.
You can elect 179 dollar by dollar, but bonus is all or nothing by depreciable life (all your 5-year property).
The bonus depreciation rules and planning techniques changed this last year, so worth getting some continuing education on.