Discount on Short-Term Obligations

  1. Law
  2. USC 26
  3. Internal Revenue Code
  4. Income Taxes
  5. NORMAL TAXES AND SURTAXES
  6. Capital Gains and Losses
  7. SPECIAL RULES FOR BONDS AND OTHER DEBT INSTRUMENTS
  8. Discount on Short-Term Obligations

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Section
1281

Current inclusion in income of discount on certain short-term obligations

Section
1282

Deferral of interest deduction allocable to accrued discount

Section
1283

Definitions and special rules