### Question
Can you define what permitted property means?


### Answer
**Permitted property** is defined as the following in *26 U.S.C. § 1043*:

> any obligation of the United States or any diversified investment fund approved by regulations issued by the Office of Government Ethics

#### Citation:
  - *26 U.S.C. § 1043*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter O-Gain or Loss on Disposition of Property > PART III-COMMON NONTAXABLE EXCHANGES**

