### Question
How is the term imported property defined?


### Answer
The term **imported property** is defined in *26 U.S.C. § 168* as the following:

> any property if—


(i) such property was completed outside the United States, or


(ii) less than 50 percent of the basis of such property is attributable to value added within the United States

#### 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**

