Nolo's Plain-English Law Dictionary

Legal Dictionary Home

Need Professional Help? Talk to a Lawyer

Enter Your Zip Code to Connect with a Lawyer Serving Your Area

searchbox small
Listed Property
Certain types of depreciable assets used in a business for which the IRC requires special record keeping to prorate personal and business use. These assets are prone to being used for personal use, such as cellular phones, home-based computers, boats, airplanes, and vehicles.
LA-NOLO5:DRU.1.6.2.20140813.27175