sjrcpa
Level 15
02-28-2021
05:01 PM
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"I want to revoke the 2018 election to not claim bonus depreciation on Form 3115 and write off the remaining balance of the asset in 2020."
I don't think you can do that.
I think you can amend 2018, for this particular circumstance, and claim bonus depreciation.
@TaxGuyBill may know for sure.
The more I know the more I don’t know.