The easiest thing to do might be to amend and get rid of the problem that way. Section 179 looks great up front but not so great later on. Please see this answer from MichaelL1.
Yes, you can make the election as long as Amended return is filed within the prescribed time limits (3 years from due date of the return).
For property placed in service in 2018, file Form 4562 with either of the following.
- Your original 2018 tax return, whether or not you file it timely.
- An amended return for 2018 filed within the time prescribed by law. An election made on an amended return must specify the item of section 179 property to which the election applies and the part of the cost of each such item to be taken into account. The amended return also must include any resulting adjustments to taxable income.
Narrative says 2018, however it also applies to prior year returns. This is just from the 2018 IRS Tax Publication 946.
