### Question
How is the "property" defined?


### Answer
The term **property** is defined in *26 U.S.C. § 614* as follows -

> each separate interest owned by the taxpayer in each mineral deposit in each separate tract or parcel of land

#### Citation:
  - *26 U.S.C. § 614*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter I-Natural Resources > PART I-DEDUCTIONS**

