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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.
In LTR 200502004, the IRS allowed a taxpayer to claim the 50 percent bonus first-year depreciation on an aircraft that had previously been purchased but, before physical delivery or possession had been retransferred to the manufacturer, who used it as a demonstration model and loaner.