In general, a taxpayer should select longer-lived property for the §179 immediate expensing election.

Question

Quizplus · Accepted Answer

This is because the immediate expensing election allows a taxpayer to deduct the cost of certain qualifying property in the year it is placed in service, rather than depreciating it over a number of years. By selecting longer-lived property, the taxpayer can take advantage of the larger §179 deduction in the year of acquisition, rather than spreading it out over several years through depreciation.

In General, a Taxpayer Should Select Longer-Lived Property for the §179