### Question
Can you define what subsection (f) asset means?


### Answer
**Subsection (f) asset** is defined as the following in *26 U.S.C. § 341*:

> any property which, as of the date of any sale of stock referred to in paragraph (1), is not a capital asset and is property owned by, or subject to an option to acquire held by, the consenting corporation

#### Citation:
  - *26 U.S.C. § 341*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter C-Corporate Distributions and Adjustments > PART II-CORPORATE LIQUIDATIONS > Subpart C-Collapsible Corporations**

