### Question
How does the law define section 1250 property?


### Answer
Under *26 U.S.C. § 1250*, **section 1250 property** is defined as:

> any real property (other than section 1245 property, as defined in section 1245(a)(3)) which is or has been property of a character subject to the allowance for depreciation provided in section 167

#### Citation:
  - *26 U.S.C. § 1250*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter P-Capital Gains and Losses > PART IV-SPECIAL RULES FOR DETERMINING CAPITAL GAINS AND LOSSES**

