### Question
What is the definition of qualified appreciated stock?


### Answer
The definition of **qualified appreciated stock** is as follows in *26 U.S.C. § 170*:

> any stock of a corporation—



(i) for which (as of the date of the contribution) market quotations are readily available on an established securities market, and



(ii) which is capital gain property (as defined in subsection (b)(1)(C)(iv))

#### Citation:
  - *26 U.S.C. § 170*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

