### Question
How does the law define business-related property?


### Answer
Under *26 U.S.C. § 198A*, **business-related property** is defined as:

> property—


(A) held by the taxpayer for use in a trade or business or for the production of income, or


(B) described in section 1221(a)(1) in the hands of the taxpayer

#### Citation:
  - *26 U.S.C. § 198A*
  - 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**

