Enrolled Agent Exam [Part 2] 44, Listed Property — Vehicles and Computers

About this episode

This episode covers the requirements and implications of claiming depreciation on listed property such as vehicles and computers for the Enrolled Agent Exam.

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Listed property like vehicles and computers requires strict, contemporaneous written records to substantiate business use. - To claim accelerated depreciation (MACRS, Section 179), business use must exceed 50% in the year the asset is placed in service. - If business use is 50% or less, you are restricted to the slower straight-line method under the Alternative Depreciation System (ADS). - Depreciation recapture is required if business use drops to 50% or less in a subsequent year, treating the excess depreciation taken as ordinary income. - Annual depreciation on passenger automobiles is capped by the luxury auto limits under IRC §280F, regardless of the vehicle's cost or business-use percentage. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel…

People in this episode

Host: Ran Chen

Topics covered

• Enrolled Agent Exam
• Listed Property
• Depreciation
• Business Use
• Tax Regulations

Keywords

• Enrolled Agent Exam
• listed property
• depreciation
• business use
• tax regulations
• MACRS
• Section 179
• ADS
• IRC §280F

Mentioned in this episode

Organizations: Open Exam Prep, YouTube Channel

Products: MACRS, Section 179, Alternative Depreciation System (ADS), IRC §280F

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