Once the more-than-50% business-use test is met for listed property,it does not matter if the business use falls below 50% in subsequent years.

Question

Quizplus · Accepted Answer

The business use must continue to be more-than-50% each year in order for the listed property to continue to qualify for favorable tax treatment. So, if the business use falls below 50% in subsequent years, the property may no longer qualify as listed property and may be subject to less favorable tax treatment.

Once the More-Than-50% Business-Use Test Is Met for Listed Property,it