### Question
What does section 467 rental agreements mean?


### Answer
**Section 467 rental agreements** has the following meaning in *26 U.S.C. § 467*:

> any rental agreement for the use of tangible property under which—


(A) there is at least one amount allocable to the use of property during a calendar year which is to be paid after the close of the calendar year following the calendar year in which such use occurs, or


(B) there are increases in the amount to be paid as rent under the agreement

#### Citation:
  - *26 U.S.C. § 467*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter E-Accounting Periods and Methods of Accounting > PART II-METHODS OF ACCOUNTING > Subpart C-Taxable Year for Which Deductions Taken**

