IRS publication 946 defines listed property below. In the publication, go to the bottom of the document into the glossary. Find ‘listed property’ and click the hyperlink.
‘What Is Listed Property?
Listed property is any of the following.
- Passenger automobiles (as defined later).
- Any other property used for transportation, unless it is an excepted vehicle.
- Property generally used for entertainment, recreation, or amusement (including photographic, phonographic, communication, and video recording equipment).’
Listed property is equipment or assets that have both a personal use and business use. The IRS is concerned that deductions related to these assets can be misused. A good explanation is here.
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