### Question
What does qualified contaminated site mean?


### Answer
**Qualified contaminated site** has the following meaning in *26 U.S.C. § 198*:

> any area—



(A) which is held by the taxpayer for use in a trade or business or for the production of income, or which is property described in section 1221(a)(1) in the hands of the taxpayer, and



(B) at or on which there has been a release (or threat of release) or disposal of any hazardous substance

#### Citation:
  - *26 U.S.C. § 198*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

