IRS Publication 946 — How To Depreciate Property
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“Owners of electric vehi- cles placed in service after December 31, 2006, should use the table of maximum deduction amounts in the previ- ous section titled Passenger Automobiles for electric vehi- cles classified as passenger automobiles or use the table of maximum deduction amounts for trucks and vans, later, for electric vehicles classified as trucks and vans.”
To make the election, attach a statement to your timely filed return (including extensions) for the tax year in which you plant or graft the specified plant(s), indicating you are electing to apply section 168(k)(5) and identifying the specified plant(s) for which you are making the election. The election, once made, cannot be revoked without IRS consent.
See section 168(k)(5) of the Internal Revenue Code as in effect prior to amendment by section 70301 of P .L. 119-21.
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