it's actually the correct option in TT this 5 years also applies to other farm machinery and equipment with the same requirements - acquired after 2017 first use after 2017 for farming. by the way bonus depreciation, unless you elect out or the property doesn't qualify, should allow you to fully depreciate the tractor in 2019. bonus depreciation may be better than section 179 because there is no recapture should it be disposed of before the end of its useful life (2024)
