personal transaction

(3) Personal transactions For purposes of this subsection, the term “personal transaction” means any transaction entered into by an individual, except that such term shall not include any transaction to the extent that expenses properly allocable to such transaction meet the requirements of— (A) section 162 (other than traveling expenses described in subsection (a)(2) thereof), or (B) section 212 (other than that part of section 212 dealing with expenses incurred in connection with taxes).


26 USC § 988(e)(3)

Scoping language

For purposes of this subsection
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