debt instrument

(A)The term “debt instrument” has the meaning given such term by section 1275(a)(1). (B)The daily portion of the original issue discount for any day shall be determined under(without regard to paragraph (7) thereof and without regard to section 1273(a)(3)). (C)In the case of an obligor of a short-term obligation (as defined in) who uses the cash receipts and disbursements method of accounting, the original issue discount (and any other interest payable) on such obligation shall be deductible only when paid.

Source

26 USC § 163(e)(2)(A)


Scoping language

None: Default is title Scope
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