How does a taxpayer elect out of the special depreciation allowance?

Attach a statement to the return identifying the classes of property for which the taxpayer does not wish to claim the special allowance.

Complete Form 4562, Depreciation and Amortization, and include the property for which they do not wish to claim the allowance on line 19 or 20.

Special depreciation is mandatory for qualifying property. A taxpayer may not elect out.

Submit a completed Depreciation Worksheet, or equivalent document which identifies all property in the desired property classes as "not eligible for special depreciation."