Interest.

(iii) Interest. Any payment of interest with respect to a loan described in subdivision (i) or (ii) of this subparagraph shall be treated as a deduction under paragraph (d)(1)(ii) of 53.4942(a)2 in the taxable year in which it is made.

Source

26 CFR § 53.4942(a)-3

---

Scoping language

None

---

Is this correct? or