Do you have to opt out of bonus depreciation to take a Section 179 deduction?
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
No
... 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).
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.