Decline Bonus Depreciation?

[Snaggletooth]

If we do not wish to take "Bonus" depreciation, do we still have to state that we decline?

Was ridiculous to begin with. Even an auditor would not enforce this. How in this political development of regs does this even happen to begin with?

[TaxGuyBill]

Yes, you are still required to take Bonus depreciation unless you elect "out".

If an auditor is following the law, they should be enforcing it. Congress wrote the law. If you don't like the treatment, you are free to contract your Congressional representatives to have them change the law.

[Rapid Robert]

Anyone remember when greatly accelerated depreciation was thought to be only a temporary measure to stimulate economic activity during a downturn? But over the years, "temporary" became "extended temporary" which has now become permanent, removing one of the better tools for dealing with recessions from the toolbox. Of course, depreciation has always been about timing differences, since the asset would be completely written off sooner or later. But the concept of matching expenses to income seems to have left the building (pun intended).