What-If Question: Each of these questions should be answered from your original completed return, with each question being independent. For the Pizza Piazza partnership return, what would be different on the return if the partners opted to use bonus depreciation for the dishwasher both on their books and for tax purposes?

On page 1, net income would be more; box 14 on Schedule K would be higher; on Schedule L, the ending capital balance would be less; each partner's Schedule K-1 would have a higher amount on the last line of item L.

There would be no changes on page 1, Schedule K, Schedule L, or Schedule K-1.

Net income on page 1 would be less; Schedule K would not have any amount on line 12.

The partner's capital accounts would be more, but they would not have the benefit of taking their share of the Section 179 on their personal returns.