### Question
Can you define what qualified capital gain means?


### Answer
**Qualified capital gain** is defined as the following in *26 U.S.C. § 1400F*:

> any gain recognized on the sale or exchange of—



(A) a capital asset, or



(B) property used in the trade or business (as defined in section 1231(b))

#### Citation:
  - *26 U.S.C. § 1400F*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter X-Renewal Communities > PART II-RENEWAL COMMUNITY CAPITAL GAIN; RENEWAL COMMUNITY BUSINESS**

