business-related property
Defined in 1 place of the United States Code.
The term “business-related property” means property—
(A) held by the taxpayer for use in a trade or business or for the production of income, or
(B) described in section 1221(a)(1) in the hands of the taxpayer.
(2) Federally declared disaster
Source
- 2008–present26 U.S.C. § 198AInternal Revenue Code · Repealed. Pub. L. 113–295, div. A, title II, § 221(a)(35), Dec. 19, 2014, 128 Stat. 4042] · in this section