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taxmap/pubs/p946-012.htm#en_us_publink1000107448

How Do You Elect the Deduction?(p22)


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Words you may need to know (see Glossary)

You elect to take the section 179 deduction by completing Part I of Form 4562.
EIC
If you elect the deduction for listed property (described in chapter 5), complete Part V of Form 4562 before completing Part I.
For property placed in service in 2009, file Form 4562 with either of the following.
Where Refund
You must keep records that show the specific identification of each piece of qualifying section 179 property. These records must show how you acquired the property, the person you acquired it from, and when you placed it in service.
taxmap/pubs/p946-012.htm#en_us_publink1000107451

Revoking an election.(p22)


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An election (or any specification made in the election) to take a section 179 deduction for 2009 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.