Which of the following is an example of listed property?

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Listed property refers to specific types of assets that are subject to special rules regarding depreciation and expense deductions. One of the most common examples of listed property is passenger automobiles used for business purposes. Specifically, most passenger automobiles that weigh under 6,000 pounds fall into this category.

Listed property must meet certain requirements to qualify as such. For vehicles, this includes the stipulation that they must be used more than 50% for business in order to take advantage of specific tax benefits related to their depreciation and deduction. The rules for listed property are designed to prevent abuse of tax breaks and to ensure that personal use of the vehicle is accurately reflected in tax filings.

In contrast, real estate held for investment, office buildings, and land do not fit the specific criteria that classify them as listed property, as they are treated differently for depreciation and expensing purposes under tax laws. These assets are subject to regular depreciation rules, rather than the additional considerations required for listed property. Thus, the correct answer highlights the specific asset type of passenger automobiles as an example of listed property.

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