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.