Depreciation - listed property
Equipment that is used for personal and business purposes is called "listed property". Listed property includes automobiles (weighing 6,000 lbs. or less), cellular telephones, computers and peripheral equipment, property used for entertainment, recreation or amusement, such as boats, airplanes, and photographic, sound or video recording equipment. There are certain limitations associated with listed property. Listed property deductions are reportable on IRS Form 4562, part 5.
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