### Question
What does qualified acquisition costs mean?


### Answer
**Qualified acquisition costs** has the following meaning in *26 U.S.C. § 72*:

> the costs of acquiring, constructing, or reconstructing a residence

#### Citation:
  - *26 U.S.C. § 72*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART II-ITEMS SPECIFICALLY INCLUDED IN GROSS INCOME**

