### Question
How does ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS define qualified rent-to-own property?


### Answer
Under *26 U.S.C. § 168*, **qualified rent-to-own property** is defined as:

> property held by a rent-to-own dealer for purposes of being subject to a rent-to-own contract

#### Citation:
  - *26 U.S.C. § 168*
  - 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**

