### Question
How is the term qualified disaster expense defined?


### Answer
The term **qualified disaster expense** is defined in *26 U.S.C. § 198A* as the following:

> any expenditure—


(1) which is paid or incurred in connection with a trade or business or with business-related property,


(2) which is—


(A) for the abatement or control of hazardous substances that were released on account of a federally declared disaster occurring before January 1, 2010,


(B) for the removal of debris from, or the demolition of structures on, real property which is business-related property damaged or destroyed as a result of a federally declared disaster occurring before such date, or


(C) for the repair of business-related property damaged as a result of a federally declared disaster occurring before such date, and


  

(3) which is otherwise chargeable to capital account

#### Citation:
  - *26 U.S.C. § 198A*
  - 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**

