### Question
What does residential rental property mean?


### Answer
**Residential rental property** has the following meaning in *26 U.S.C. § 168*:

> any building or structure if 80 percent or more of the gross rental income from such building or structure for the taxable year is rental income from dwelling units

#### 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**

