### Question
How does the law define residential rental property?


### Answer
Under *26 U.S.C. § 168*, **residential rental property** is defined as:

> 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**

