Section 1274 D

3 other exceptions to section 1274 i holders of certain below market instruments.
Section 1274 d. Table 3 sets forth the adjusted federal long term rate and the long term tax exempt rate described in section 382 f. Table 2 contains the short term mid term and long term adjusted applicable federal rates adjusted afr for the current month for purposes of section 1288 b. 3 successors bound by election a in general.
Under section 1274 d 1 the afr is. Section 1274 d 1 d of the internal revenue code of 1986 formerly i r c. Section 1274 d 1 d of the internal revenue code of 1986 formerly i r c.
Section 1274 would have applied to such instrument but for an election under this subsection and d an election under this subsection is jointly made with respect to such debt instrument by the borrower and lender. Table 3 sets forth the adjusted federal long term rate and the long term tax exempt rate described in section 382 f. In the case of a demand loan the applicable federal rate shall be the federal short term rate in effect under section 1274 d for the period for which the amount of forgone interest is being determined compounded semiannually.
Of section 1274 d of the internal revenue code. 98 369 see effective date note set out under section 1271 of this title. Section 1274 d governs the determination of applicable federal rates afrs that are used for determining the imputed principal amount of obligations to which section 1274 applies for computing total unstated interest on payments to which section 483 applies and for other purposes.
Table 2 contains the short term mid term and long term adjusted applicable federal rates adjusted afr for the current month for purposes of section 1288 b. Key takeaways if the interest on a loan is lower than the applicable afr it may result in a taxable. 1954 as added by section 101 b shall apply as if included in the amendments made by section 41 of the tax reform act of 1984 pub.
Internal revenue code section 1274 d determination of issue price in the case of certain debt instruments issued for property. In accordance with section 1274 c 3 d section 1274 and this section do not apply if the issue price of a debt instrument issued in consideration for the sale or exchange of property is determined under paragraph a 1 b 1 or c 1 of 1 1273 2. In the case of any debt instrument to which this section applies for purposes of this subpart the issue price shall be 1 where there is adequate stated interest the stated principal amount or.