topic Can I UN-choose a 179 deduction in Get your taxes done using TurboTax

Can I UN-choose a 179 deduction

JJ146 — Mon, 23 Feb 2026 12:41:18 GMT

If I chose a 179 deduction for a piece of equipment bought in 2020 but have been operating at a loss since, and thus, carrying over the entire amount each year, is there a way to convert that piece of equipment to regular depreciation this year?

Re: Can I UN-choose a 179 deduction

MaryK4 — Mon, 13 Feb 2023 01:50:37 GMT

You can file an amended return. See How to Correct Federal Tax Returns - TurboTax.

An election (or any specification made in the election) to take a section 179 deduction for 2020 can be revoked without IRS approval by filing an amended return. The amended return must be filed within the time prescribed by law. The amended return must also include any resulting adjustments to taxable income. Once made, the revocation is irrevocable.

Re: Can I UN-choose a 179 deduction

Mike9241 — Mon, 13 Feb 2023 05:14:15 GMT

you will also have to amend 2021 to take the regular depreciation and fix 2022 so you get the regular depreciation.