### Question
How does the law define tenant-stockholder's proportionate share?


### Answer
Under *26 U.S.C. § 216*, **tenant-stockholder's proportionate share** is defined as:

> that proportion which the stock of the cooperative housing corporation owned by the tenant-stockholder is of the total outstanding stock of the corporation (including any stock held by the corporation)

#### Citation:
  - *26 U.S.C. § 216*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VII-ADDITIONAL ITEMIZED DEDUCTIONS FOR INDIVIDUALS**

