This chapter discusses listed property. Listed property includes property used for transportation or entertainment and certain computers and cellular phones. There are additional rules and recordkeeping requirements you must follow when depreciating listed property.

This chapter contains the following sections.

• Listed Property Defined. This section defines listed property.
• Predominant Use Test. This section explains the predominant use test and explains how to apply it.
• Leased Property. This section discusses the rules that apply to the rental of listed property. This section covers both the owner (lessor) and the person who rents the property from the owner (lessee). It includes a worksheet to help the lessee figure an inclusion amount to add back to gross income.
• Special Rule for Passenger Automobiles. This section discusses the maximum depreciation deduction you can claim on automobiles. It defines automobiles and includes a worksheet to help you compute your maximum depreciation deduction.
• Deductions After Recovery Period. This section discusses how you depreciate a passenger automobile in the years after the recovery period.
• What Records Must Be Kept. This section discusses the importance of records in helping you to prove that your listed property was used for business/investment reasons.

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