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listed property includes all of the following except

listed property includes all of the following except

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Answer #1

Listed property
Listed property refers to certain types of property that may be used for personal and business purposes.

For listed property, you're allowed to claim first-year expensing and accelerated MACRS only if business use exceeds 50%.

Tax law specifies the following as listed property:

Passenger cars and other transportation vehicles
Cell phones
Computers and peripheral equipment
Boats
Airplanes
Any photographic, sound, or video recording equipment that could be used for entertainment or recreational purposes.
There are exceptions that remove the following items from the listed property category:

A computer or peripheral equipment that you own or lease that is used exclusively at a regular business establishment.
Photographic, phonographic, communications, or video equipment used exclusively and regularly in your business or regular business establishment.

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