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CCH Axcess Tax

Listed Property Code

An entry is necessary to differentiate other listed property from automobiles. Leave this field blank for percent excluded assets which are not listed property.

Code Description
A Non-leased automobile that is subject to the luxury automobile limits
E

Automobile that is subject to the luxury automobile limits for electric vehicles

(Pre-2007 assets only)
I Investment use listed property
L Leased automobile
N Automobile not subject to the luxury automobile limits
X Other listed property
T Automobile - truck or van subject to limits
S Automobile - SUV subject to section 179 limits
C

Cellular phone or other telecommunications device

(Not used for federal calculations)

For clean fuel vehicles, also enter the amount of incremental costs in Box 137 to calculate the increased luxury auto limits for clean burning fuel vehicles.

Note: An entry of "A" or an entry in the "Auto Number" field without a corresponding "Listed Property Code" entry will trigger the luxury automobile limitations.

An entry in this field or an entry in "Auto Number" is needed to print the asset in the "Listed Property" section on Form 4562, Page 2.

The code "I" may also be added to any of the other listed property codes for investment/business use property used 50% or less in a qualified business use.

See Also

Auto Number

Product Support - support.cch.com/axcess
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Customer Support Contacts - support.cch.com/contact