### Question
What is the definition of imported property?


### Answer
The definition of **imported property** is as follows in *26 U.S.C. § 168*:

> any property if—



(i) such property was completed outside the United States, or



(ii) less than 50 percent of the basis of such property is attributable to value added within the United States

#### Citation:
  - *26 U.S.C. § 168*
  - 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**

