Property expensed under the §179 immediate expensing election is not included in the 40 percent test to determine whether the mid-quarter convention must be used.

Question

Quizplus · Accepted Answer

Property expensed under the §179 immediate expensing election is not included in the 40 percent test for the mid-quarter convention, which applies to property placed in service during the last quarter of the tax year.

Property Expensed Under the §179 Immediate Expensing Election Is Not