Definition of 'Listed Property'
A specific class of depreciable property that is subject to a special set of tax rules if it is used for business no more than 50% of the time. Listed property includes such items as vehicles, computer equipment and cell phones. Listed-property rules limit the amount of deductions and depreciation that can be taken if the asset isn't predominantly used in a business or trade.
According to the IRS, listed property includes automobiles weighing less than 6,000 pounds, property used for transportation purposes, properties used for transportation and computers.
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