sw-pa-farmer
Returning Member

Does special depreciation allowance (post 9 27 2017) apply to all assets are can you apply it only to some?

Turbo Tax says of the special depreciation allowance (post September 17 2017) "you can elect to take a special allowance of 50% instead of 100%.  Whichever you select will apply to all assets and vehicles that you acquired and started using during that timespan."  I read that to say that if I choose to use a special depreciation allowance on one asset, I must use it on all.  Certainly in the past, bonus depreciation could be applied to some assets, but need not be applied to all.  I am now wondering that the statment means if you chose to, for example, use the 50% special allowance on one asset, you must use the same 50% allowance on any other asset that you choose to use the special allowance on.  Not that you must use it on all assets.