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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.
IRS Tax Tip 2013-25, March 4, 2013. If you paid for medical or dental expenses in 2012, you may be able to get a tax deduction for costs not covered by insurance. The IRS wants you to know these seven facts about claiming the medical and dental expense deduction. You must itemize. You can only claim medical and dental expenses for costs not covered by insurance if you itemize deductions on your tax return. You cannot claim medical and dental expenses if you take the standard deduction. Deduction is limited. You can deduct medical and dental expenses that are more than 7.5 percent of your adjusted gross income. Expenses paid in 2012. You can include medical and dental costs that you paid in 2012, even if you received the services in a previous year.