Proceeds

Proceeds means any sale proceeds, investment proceeds, and transferred proceeds of an issue. Proceeds do not include, however, amounts actually or constructively received with respect to a purpose investment that are properly allocable to the immaterially higher yield under 1.1482 or section 143(g) or to qualified administrative costs recoverable under 1.1485(e).

Source

26 CFR § 1.148-1


Scoping language

None
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