### Question
How does ADJUSTMENTS define qualified sale?


### Answer
Under *26 U.S.C. § 483*, **qualified sale** is defined as:

> any sale or exchange of land by an individual to a member of such individual's family (within the meaning of section 267(c)(4))

#### Citation:
  - *26 U.S.C. § 483*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter E-Accounting Periods and Methods of Accounting > PART III-ADJUSTMENTS**

