### Question
How is the "leaseback or long-term agreement" defined?


### Answer
The term **leaseback or long-term agreement** is defined in *26 U.S.C. § 467* as follows -

> any agreement described in subsection (b)(4)(A)

#### Citation:
  - *26 U.S.C. § 467*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter E-Accounting Periods and Methods of Accounting > PART II-METHODS OF ACCOUNTING > Subpart C-Taxable Year for Which Deductions Taken**

