### Question
What is the definition of nonbusiness debt?


### Answer
The definition of **nonbusiness debt** is as follows in *26 U.S.C. § 166*:

> a debt other than—


(A) a debt created or acquired (as the case may be) in connection with a trade or business of the taxpayer

#### Citation:
  - *26 U.S.C. § 166*
  - 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**

