Page 90 - Small Business IRS Training Guides

Slide 31 – References

Provision 13202
Depreciation Luxury Auto Limitations
References
• IRC §§280F(a) and 280F(b)

• Publication 946 – How to Depreciate
Property
• Publication 463 – Travel, Entertainment,
Gift and Car Expenses
• Revenue Procedure 2018-25 (table with
limits)
• Revenue Procedure 2019-13

Tax Cuts and Jobs Act of 2017 | Course 73083a | SB/SE 31

Slide 32 – Introduction

Provision 13202
Depreciation Luxury Auto Limitations
Introduction
MACRS depreciation deductions, including the additional first-
year depreciation deduction and section 179 expense election
are limited for “listed property.” Listed property includes:
1. Passenger automobiles,
2. Any other property used for transportation, unless it is an
excepted vehicle,
3. Property generally used for entertainment, recreation, or
amusement (including photographic, phonographic,
communication, and video-recording equipment), and
4. Computers and related peripheral equipment placed in service
before 2018, unless used only at a regular business
establishment and owned or leased by the person operating
the establishment.
Tax Cuts and Jobs Act of 2017 | Course 73083a | SB/SE 32

Student Guide TCJA – Depreciation Provisions
73083-102 A-16 05/2019