### Question
How does the law define imported property?


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

> 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**

