Election to deduct or capitalize certain expenditures., 26 CFR 1.263(a)-6

Summary

In general. Under certain provisions of the Internal Revenue Code (Code), taxpayers may elect to treat capital expenditures as deductible expenses or as deferred expenses, or to treat deductible expenses as capital expenditures.

Election provisions. The sections referred to in paragraph (a) of this section include:

Section 173 [26 USCS § 173] (circulation expenditures);

Section 174 [26 USCS § 174] (research and experimental expenditures);

Section 175 [26 USCS § 175] (soil and water conservation expenditures; endangered species recovery expenditures);

Section 179 [26 USCS § 179] (election to expense certain depreciable business assets);

Section 179A [26 USCS § 179A] (deduction for clean-fuel vehicles and certain refueling property);

Section 179B [26 USCS § 179B] (deduction for capital costs incurred in complying with environmental protection agency sulfur regulations);

Section 179C [26 USCS § 179C] (election to expense certain refineries);

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