### Question
How is the term qualified property defined?


### Answer
The term **qualified property** is defined in *26 U.S.C. § 1017* as the following:

> given to such term by section 108(g)(3)(C).

#### Citation:
  - *26 U.S.C. § 1017*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter O-Gain or Loss on Disposition of Property > PART II-BASIS RULES OF GENERAL APPLICATION**

