qualified rental period
Defined in 1 place of the United States Code.
For purposes of subparagraph (A), the term “qualified rental period” means a consecutive period of—
(i) 12 or more months which begins or ends in such taxable year, or
(ii) less than 12 months which begins in such taxable year and at the end of which such dwelling unit is sold or exchanged, and
Source
- 201326 U.S.C. § 280AInternal Revenue Code · Disallowance of certain expenses in connection with business use of home, rental of vacation homes, etc. · for purposes of this section
For purposes of subparagraph (A), the term "qualified rental period" means a consecutive period of—
(i) 12 or more months which begins or ends in such taxable year, or
(ii) less than 12 months which begins in such taxable year and at the end of which such dwelling unit is sold or exchanged, and
for which such unit is rented, or is held for rental, at a fair rental.
Source
- 1994–present26 U.S.C. § 280AInternal Revenue Code · Disallowance of certain expenses in connection with business use of home, rental of vacation homes, etc. · for purposes of this section