### Question
What is the definition of inventory property?


### Answer
The definition of **inventory property** is as follows in *26 U.S.C. § 865*:

> personal property described in paragraph (1) of section 1221

#### Citation:
  - *26 U.S.C. § 865*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter N-Tax Based on Income From Sources Within or Without the United States > PART I-SOURCE RULES AND OTHER GENERAL RULES RELATING TO FOREIGN INCOME**

