MichaelDC
New Member

Get your taxes done using TurboTax

 “Similar items of property” is defined to mean “property of the same generic category or type,” such as clothing, jewelry, furniture, electronic equipment, household appliances, or kitchenware.

The term “household items” includes furniture, furnishings, electronics, appliances, linens, and other similar items.

from IRS Tax Court ruling "Smith v. Commisioner"

Please feel free to post any additional details or questions in the comment section.



View solution in original post