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Current Year Tax Map
Publication 225
taxmap/pubs/p225-033.htm#en_us_publink1000218280

Additional Rules for Listed Property(p46)

rule
Listed property includes cars and other property used for transportation, property used for entertainment, and certain computers.
Deductions for listed property (other than certain leased property) are subject to the following special rules and limits.
taxmap/pubs/p225-033.htm#en_us_publink1000218281

What Is Listed Property?(p46)

rule
Listed property is any of the following.
taxmap/pubs/p225-033.htm#en_us_publink1000218282

Passenger automobiles.(p46)

rule
A passenger automobile is any 4-wheeled vehicle made primarily for use on public streets, roads, and highways and rated at 6,000 pounds or less of unloaded gross vehicle weight (6,000 pounds or less of gross vehicle weight for trucks and vans). It includes any part, component, or other item physically attached to the automobile or usually included in the purchase price of an automobile. Electric passenger automobiles are vehicles produced by an original equipment manufacturer and designed to run primarily on electricity.
Deposit
A truck or van that is a qualified nonpersonal use vehicle is not considered a passenger automobile. See Qualified nonpersonal use vehicles under Passenger Automobiles in chapter 5 of Publication 946 for the definition of qualified nonpersonal use vehicles.
taxmap/pubs/p225-033.htm#en_us_publink1000218284

Other property used for transportation.(p46)

rule
This includes trucks, buses, boats, airplanes, motorcycles, and other vehicles used for transporting persons or goods.
taxmap/pubs/p225-033.htm#en_us_publink1000218285
Excepted vehicles.(p46)
Other property used for transportation does not include the following vehicles.
For more information, see chapter 5 of Publication 946.
taxmap/pubs/p225-033.htm#en_us_publink1000218286

What Is the Business-Use Requirement?(p46)

rule
You can claim the section 179 expense deduction for listed property and depreciate listed property using GDS and a declining balance method, if the property meets the business-use requirement. To meet this requirement, listed property must be used predominantly (more than 50% of its total use) for qualified business use. To determine whether the business-use requirement is met, you must allocate the use of any item of listed property used for more than one purpose during the year among its various uses.
taxmap/pubs/p225-033.htm#en_us_publink1000218287

Do the Passenger Automobile Limits Apply?(p46)

rule
The depreciation deduction (including the section 179 expense deduction) you can claim for a passenger automobile each year is limited. The passenger automobile limits are the maximum depreciation amounts you can deduct for a passenger automobile. They are based on the date you placed the vehicle in service. See chapter 5 of Publication 946 for tables that show the maximum depreciation deduction for passenger automobiles. Also, see the Instructions for Form 4562.
For information about deducting expenses for the business use of your passenger automobile, see chapter 4 in Publication 463.
taxmap/pubs/p225-033.htm#en_us_publink1000218288

Deductions for passenger automobiles acquired in a trade-in.(p46)

rule
Special rules apply in figuring the depreciation for a passenger automobile received in a like-kind exchange or involuntary conversion. See chapter 5 of Publication 946 and Regulations section 1.168(i)-6(d)(3).