### Question
How does the law define term interest in property?


### Answer
Under *26 U.S.C. § 167*, **term interest in property** is defined as:

> given such term by section 1001(e)(2).

#### Citation:
  - *26 U.S.C. § 167*
  - 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**

