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Deductions & credits
@markorec wrote:But that would mean the vehicle would take more than 10 years to fully depreciate.
Who would elect the bonus when regular MACRS 200db 5 year depreciation could be taken instead?
Yes.
People who don't know about that weird rule (including you and many tax professionals). It would have been better to elect OUT of Bonus and used Section 179 instead.
‎January 14, 2025
5:27 PM