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IRS.gov Website
Publication 534
taxmap/pubs/p534-009.htm#en_us_publink100043690

Chapter 3
Listed Property (p9)



taxmap/pubs/p534-009.htm#TXMP1ab827d2

Useful items

You may want to see:


Publication
 463  Travel, Entertainment, Gift, and Car Expenses
 587  Business Use of Your Home
 946  How To Depreciate Property
Form (and Instructions)
 2106-EZ : Unreimbursed Employee Business Expenses
 2106 : Employee Business Expenses
 4255 : Recapture of Investment Credit
 4562 : Depreciation and Amortization
This chapter discusses some special rules and recordkeeping requirements for listed property. For complete coverage of the rules, including the rules concerning passenger automobiles, see Pub. 946.
If listed property is not used predominantly (more than 50%) in a qualified business use as discussed in Predominant Use Test, later, the section 179 deduction is not allowable and the property must be depreciated using the straight line method.
taxmap/pubs/p534-009.htm#en_us_publink100043691

Listed Property Defined(p10)

rule
Listed property is any of the following.
  1. Any passenger automobile (defined later).
  2. Any other property used for transportation.
  3. Any property of a type generally used for entertainment, recreation, or amusement (including photographic, phonographic, communication, and video recording equipment).
  4. Any computer and related peripheral equipment, defined later, unless it is used only at a regular business establishment and owned or leased by the person operating the establishment. A regular business establishment includes a portion of a dwelling unit (defined later), if, and only if, that portion is used both regularly and exclusively for business as discussed in Pub. 587.
taxmap/pubs/p534-009.htm#en_us_publink100043692

Passenger Automobile Defined(p10)

rule
A passenger automobile is any four-wheeled vehicle made primarily for use on public streets, roads, and highways and rated at 6,000 pounds or less of unloaded gross vehicle weight (at 6,000 pounds or less of gross vehicle weight for trucks and vans). It includes any part, component, or other item physically attached to the automobile or usually included in the purchase price of an automobile.
A passenger automobile does not include:
  1. An ambulance, hearse, or combination ambulance-hearse used directly in a trade or business; and
  2. A vehicle used directly in the trade or business of transporting persons or property for compensation or hire.
taxmap/pubs/p534-009.htm#en_us_publink100043693

Dwelling Unit(p10)

rule
A dwelling unit is a house or apartment used to provide living accommodations in a building or structure. It does not include a unit in a hotel, motel, inn, or other establishment where more than half the units are used on a transient basis.
taxmap/pubs/p534-009.htm#en_us_publink100043694

Other Property Used for Transportation(p10)

rule
Other property used for transportation includes trucks, buses, boats, airplanes, motorcycles, and any other vehicles for transporting persons or goods.
Listed property does not include:
  1. Any vehicle which, by reason of its design, is not likely to be used more than a minimal amount for personal purposes, such as clearly marked police and fire vehicles, ambulances, or hearses used for those purposes;
  2. Any vehicle that is designed to carry cargo and that has a loaded gross vehicle weight over 14,000 pounds, bucket trucks (cherry pickers), cement mixers, combines, cranes and derricks, delivery trucks with seating only for the driver (or only for the driver plus a folding jump seat), dump trucks (including garbage trucks), flatbed trucks, forklifts, qualified moving vans, qualified specialized utility repair trucks, and refrigerated trucks;
  3. Any passenger bus used for that purpose with a capacity of at least 20 passengers and school buses;
  4. Any tractor or other special purpose farm vehicle, and unmarked vehicles used by law enforcement officers if the use is officially authorized; and
  5. Any vehicle, such as a taxicab, if substantially all its use is in the trade or business of providing services to transport persons or property for compensation or hire by unrelated persons.
taxmap/pubs/p534-009.htm#en_us_publink100043695

Computers and Related Peripheral Equipment(p10)

rule
A computer is a programmable electronically activated device that:
  1. Is capable of accepting information, applying prescribed processes to the information, and supplying the results of those processes with or without human intervention; and
  2. Consists of a central processing unit with extensive storage, logic, arithmetic, and control capabilities.
Related peripheral equipment is any auxiliary machine which is designed to be controlled by the central processing unit of a computer.
Computer or peripheral equipment does not include:
  1. Any equipment which is an integral part of property which is not a computer;
  2. Typewriters, calculators, adding and accounting machines, copiers, duplicating equipment, and similar equipment; and
  3. Equipment of a kind, used primarily for the user's amusement or entertainment, such as video games.