### Question
How does Income Taxes define qualified acquisition costs?


### Answer
Under *26 U.S.C. § 72*, **qualified acquisition costs** is defined as:

> the costs of acquiring, constructing, or reconstructing a residence

#### Citation:
  - *26 U.S.C. § 72*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART II-ITEMS SPECIFICALLY INCLUDED IN GROSS INCOME**

