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


### Answer
The term **personal use property** is defined in *26 U.S.C. § 1275* as follows -

> any property substantially all of the use of which by the taxpayer is not in connection with a trade or business of the taxpayer or an activity described in section 212

#### Citation:
  - *26 U.S.C. § 1275*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter P-Capital Gains and Losses > PART V-SPECIAL RULES FOR BONDS AND OTHER DEBT INSTRUMENTS > Subpart A-Original Issue Discount**

