Listed Property

Listed property is a category of property that tax law targets for unfavorable treatment by limiting tax benefits and imposing tough Substantiation requirements.1 (See Record Keeping.)


For example, if you don't use listed property more than 50 percent for business, you must use the low-and-slow Alternative Depreciation System (ADS).2 (See Depreciation.)


Types of listed property include:3



Passenger automobiles and other property used as a means of transportation,



Property of a type generally used for “entertainment, recreation, or amusement” (see also Entertainment Facility Rule), and



Any computer or peripheral equipment (unless located in a regular business office or a home office that qualifies for the Home Office Deduction).


For articles in our Tax Reduction Letter on tax strategies for dealing with the listed property rules, click on Listed property in our Browse by Topic finding tool.



1           IRC Section 274(d).

2           IRC Section 280F(b)(1).

3           IRC Section 280F(d)(4)(A).