### Question
What does qualified long-term real property mean?


### Answer
**Qualified long-term real property** has the following meaning in *26 U.S.C. § 110*:

> nonresidential real property which is part of, or otherwise present at, the retail space referred to in subsection (a) and which reverts to the lessor at the termination of the lease

#### Citation:
  - *26 U.S.C. § 110*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART III-ITEMS SPECIFICALLY EXCLUDED FROM GROSS INCOME**

