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Accelerating AMT Credits in Lieu of Bonus Depreciation Logo aicpa

  Ellen F. Martin, CPA, and Caleb Cordonnier, CPA |   Free |   AICPA |   01 Feb 2017 |   Tax Adviser Magazine

Recent legislation permits taxpayers who place eligible property in service during qualifying years to elect to accelerate their alternative minimum tax credits in lieu of bonus depreciation. This article explains when this election makes sense for taxpayers and when they will achieve better tax results by using bonus depreciation.

Topics covered:
  • Tax: Technical: Individual income taxation : Credits, Intermediate