Question 69 of 75. 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. O 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. O Special depreciation is mandatory for qualifying property. A taxpayer may not elect out.