### Question
How is the "purchase" defined?


### Answer
The term **purchase** is defined in *26 U.S.C. § 36* as follows -

> any acquisition, but only if—


(i) the property is not acquired from a person related to the person acquiring such property, and


(ii) the basis of the property in the hands of the person acquiring such property is not determined—


(I) in whole or in part by reference to the adjusted basis of such property in the hands of the person from whom acquired, or


(II) under section 1014(a) (relating to property acquired from a decedent)

#### Citation:
  - *26 U.S.C. § 36*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart C-Refundable Credits**

