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BONUS DEPRECIATION ELECTION


Lee B

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The election to opt out of 100 % Bonus Depreciation treatment for business assets placed in service after 9/2717 or later expires October 15th.

In other words any taxpayer that does not file or amend their 2017 tax return by 10/15/2018 will be locked into 100 % bonus depreciation treatment for those qualifying assets.

 

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