What LISTED PROPERTY means: Listed property includes passenger autos and other property used for transportation, property generally used for purposes of entertainment, recreation, or amusement, computers not used exclusively at a regular business establishment, cellular telephones, and other property to be specified by the IRS. Special rules apply to depreciation and substantiating deductions for listed property.
- Definition Lien For Taxes:
- Dictionary as part of its tax collection effort, may attach a lien (a legal claim) on the property of a taxpayer who is delinquent in the payment of amounts owed to the IRS and who has not made arrangements to listed property definition.
- Definition Land Value:
- Dictionary land in a sale of real property that includes both land and improvements to the land, suhc as a building. Such a sale must be reported as two sales on the tax return: (1) land, and (2) improvements listed property explain.
- Definition Like-Kind Property:
- Dictionary is property acquired in an exchange that is of the same type as the traded property. In addition to other requirements, both the traded and acquired proprerties must be either held for investment or listed property what is.
- Definition Liquidation Distributions:
- Dictionary received because of a partial or complete liquidation (going out of business) of a corporation. The basis of the stock on which liquidation distributions are paid is reduced by the amount of the listed property meaning.
How works Listed Property meaning in Tax definitions L .
