Sale proceeds

Sale proceeds means any amounts actually or constructively received from the sale of the issue, including amounts used to pay underwriters' discount or compensation and accrued interest other than pre-issuance accrued interest. Sale proceeds also include, but are not limited to, amounts derived from the sale of a right that is associated with a bond, and that is described in 1.1484(4). See also 1.1484(h)(5) treating amounts received upon the termination of certain hedges as sale proceeds.


26 CFR § 1.148-1

Scoping language

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