Public-domain · open source
OpenJurist

qualified residence interest

Defined in 1 dictionary — U.S. Code

United States Code

26 U.S.C. § 163 — under this chapter (14 versions over time)

The term “qualified residence interest” means any interest which is paid or accrued during the taxable year on—

(i) acquisition indebtedness with respect to any qualified residence of the taxpayer, or

(ii) home equity indebtedness with respect to any qualified residence of the taxpayer.