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Investors & landlords
No, you are not allowed to do that.
If you elect out of Bonus depreciation for 5 year property, that election applies to your entire tax return. So if you elect out, you elect out for all 5 year property.
If you decide to elect out of Bonus Depreciation, and want a bigger deduction for the other two properties, you may still be able to claim Section 179 on those assets.
‎June 7, 2019
3:21 PM