What is listed property?
Depreciation on "listed" property may be limited because this type of property may also be used for a non-business purpose. The following types of assets are considered listed property for purposes of limiting depreciation:
- Passenger automobiles, airplanes, boats and other property used as a means of transportation.
- Property generally used for purposes of entertainment, recreation or amusement.
- Computers or peripheral equipment not used at a regular business establishment (including a home office).
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