### Question
How does Gain or Loss on Disposition of Property define personal property?


### Answer
Under *26 U.S.C. § 1092*, **personal property** is defined as:

> any personal property of a type which is actively traded

#### Citation:
  - *26 U.S.C. § 1092*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter O-Gain or Loss on Disposition of Property > PART VII-WASH SALES; STRADDLES**

