qualified rental period

(4) Rental of principal residence (A) In general For purposes of applying subsection (c)(5) to deductions allocable to a qualified rental period, a taxpayer shall not be considered to have used a dwelling unit for personal purposes for any day during the taxable year which occurs before or after a qualified rental period described in subparagraph (B)(i), or before a qualified rental period described in subparagraph (B)(ii), if with respect to such day such unit constitutes the principal residence (within the meaning of section 121) of the taxpayer. (B) Qualified rental period 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

26 USC § 280A(d)(4)

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Scoping language

None identified, default scope is assumed to be the parent (part IX) of this section.

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