### Question
Can you define what substituted basis property means?


### Answer
**Substituted basis property** is defined as the following in *26 U.S.C. § 7701*:

> property which is—


(A) transferred basis property, or


(B) exchanged basis property

#### Citation:
  - *26 U.S.C. § 7701*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 79-DEFINITIONS**

