equipment leasing
Defined in 1 place of the United States Code.
The term “equipment leasing” means—
(i) the leasing of equipment which is section 1245 property, and
(ii) the purchasing, servicing, and selling of such equipment.
Source
- 1994–present26 U.S.C. § 465Internal Revenue Code · Deductions limited to amount at risk · for purposes of this section