### Question
How is the term short-life qualified tangible property defined?


### Answer
The term **short-life qualified tangible property** is defined in *26 U.S.C. § 936* as the following:

> any qualified tangible property to which section 168 applies and which is 3-year property or 5-year property for purposes of such section

#### Citation:
  - *26 U.S.C. § 936*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter N-Tax Based on Income From Sources Within or Without the United States > PART III-INCOME FROM SOURCES WITHOUT THE UNITED STATES > Subpart D-Possessions of the United States**

