### Question
How does the law define qualified long-term real property?


### Answer
Under *26 U.S.C. § 110*, **qualified long-term real property** is defined as:

> 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**

