### Question
What does rental activity mean?


### Answer
**Rental activity** has the following meaning in *26 U.S.C. § 469*:

> any activity where payments are principally for the use of tangible property

#### Citation:
  - *26 U.S.C. § 469*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter E-Accounting Periods and Methods of Accounting > PART II-METHODS OF ACCOUNTING > Subpart C-Taxable Year for Which Deductions Taken**

