what is listed property 
listed property is tangible property that can be used for both business and personal purposes the internal revenue service irs defines it as passenger automobiles any other property used for transportation and property of a type generally used for entertainment recreation or amusement if listed property is used more than 50 for business purposes it is eligible for special tax deduction and depreciation rules 12understanding listed propertylisted property is a tangible asset owned by a business that can be used for both business and personal purposes if it is used more than 50 for business it qualifies for special tax deduction or depreciation rules the more than 50 can refer to time vehicle mileage or some other relevant measure 3the listed property rules were introduced to prevent people from claiming tax deductions for personal property under the pretense that it was being used in a business or trade businesses are required to keep what the irs calls adequate records of all of their listed property this includes its purchase price and any repair or maintenance costs as well as evidence to substantiate its business use 4examples of listed propertyin its annually updated publication 946 how to depreciate property the irs provides a long list of items that it classifies as listed property they include 5cell phones and similar personal telecommunications devices were once considered listed property but congress changed that in 2010 6 they can still be written off as a business expense to the extent that they are used for business but they are no longer subject to the stricter record keeping requirements of listed property 