### Question
How does the law define disqualified asset?


### Answer
Under *26 U.S.C. § 6015*, **disqualified asset** is defined as:

> any property or right to property transferred to an individual making the election under this subsection with respect to a joint return by the other individual filing such joint return if the principal purpose of the transfer was the avoidance of tax or payment of tax

#### Citation:
  - *26 U.S.C. § 6015*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 61-INFORMATION AND RETURNS > Subchapter A-Returns and Records > PART II-TAX RETURNS OR STATEMENTS > Subpart B-Income Tax Returns**

