### Question
How is the "qualified rent-to-own property" defined?


### Answer
The term **qualified rent-to-own property** is defined in *26 U.S.C. § 168* as follows -

> 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**

