Listed property

A listed property is a property that can be used for business and be used for personal purposes as well.

Or simply put listed property is a personal property that can be used for business as well. Or it originally meant for personal use but can be used in business as well.

Listed property includes:

 

  • Car 6,000 lbs. or under
  • Motorcycle
  • SUV
  • Pickup truck
  • Video equipment
  • Photo equipment

 

Property that is NOT a listed property

A property that can be used for personal use and business use, if you use it exclusively for business, it is not a listed property

 

  • Video and photo equipment used exclusively in your business in left in your business office is NOT listed property
  • Computers used only for business
  • Vehicle used for business only

If you work from home and have a home office for your business and use it exclusively for your business, it is considered you regular business establishment.

2020 Federal Tax Forms and Instructions

Save time and find the links to the right IRS Tax Form and Instructions for your business.

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“I am not an attorney to practice law. I am not allowed to draft legal documents, give advice on legal matters including immigration, or charge a fee for these activities.” Our articles are informative and based on our knowledge and experience. Use them at your own discretion.

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