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No other assets were added, and only prior year assets were depreciated in 2013. My question relates to being able to elect OUT of the bonus depreciation on the amended 2013 return... I see the rule that a missed election out can be made on an amended return if file within 6 months of original due date.
Section 179 deductions are set up similarly to bonus depreciation but they can be on used equipment or vehicles. Read more about considerations in taking Section 179 deductions. Update: Effective with 2015 business tax returns, Section 179 deductions have been made permanent, as noted above.