### Question
How is the "qualified ownership interest" defined?


### Answer
The term **qualified ownership interest** is defined in *26 U.S.C. § 280A* as follows -

> an undivided interest for more than 50 years in the entire dwelling unit and appurtenant land being acquired in the transaction to which the shared equity financing agreement relates

#### Citation:
  - *26 U.S.C. § 280A*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART IX-ITEMS NOT DEDUCTIBLE**

