### Question
How is the term electing real property trade or business defined?


### Answer
The term **electing real property trade or business** is defined in *26 U.S.C. § 163* as the following:

> any trade or business which is described in section 469(c)(7)(C) and which makes an election under this subparagraph

#### Citation:
  - *26 U.S.C. § 163*
  - 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**

