Which property is NOT considered Listed Property?

In the context of tax law, listed property refers to certain types of property that are subject to specific rules regarding their depreciation and the deductibility of expenses. Listed property generally includes items that are used for both business and personal purposes and can easily switch between the two, making it difficult to determine the exact percentage of business use.

Computers used exclusively in a business do not fall under the definition of listed property because they are not subject to the same limitations if they are solely used for business purposes. The IRS considers such computers to be fully business property, allowing for straightforward depreciation without the complications associated with the dual-use nature of listed properties.

On the other hand, items like passenger autos, recreational vehicles, and properties used for entertainment purposes are typically considered listed property due to their potential for mixed-use. These can be used for personal and business purposes, leading to more stringent requirements regarding the documentation of business use and limitations on deductions. This is why they are included in the category of listed property, while exclusively business-use computers are not.