personal use property

(3) Personal use property For purposes of this subsection, the term “personal use property” means any property substantially all of the use of which by the taxpayer is not in connection with a trade or business of the taxpayer or an activity described in section 212. The determination of whether property is described in the preceding sentence shall be made as of the time of issuance of the debt instrument.


26 USC § 1275(b)(3)

Scoping language

For purposes of this subsection
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