Rev Proc Improvement Property Depreciation

[Terry D EA]

I posted a question about this topic earlier. I was questioning the ability to take bonus depreciation or expense an HVAC unity placed in service by one of my rental clients. Until this new procedure the only option was to capitalize the expense for the 27.5 years. I did this and have filed the client's tax return and it has been accepted. Now the new procedure. After reading this my only choice now is to ask the client if he wants me to look into amending the return to claim the bonus depreciation. I think that is possible without the 3115 but not sure. What do others say here?

Here is the new procedure. I know some do not like opening links but this is too long to copy and past into a post.

https://www.irs.gov/pub/irs-drop/rp-20-25.pdf

[DANRVAN]

Form 3115 would be used if you were to claim the additional deduction in a later tax year; 2020 on. 

Good luck on a 1040X, sounds like it might be awhile before it even gets opened up by the IRS.