26 CFR 1.822-3
§ 1.822-3 Amortization of premium and accrual of discount.
United States · 26 CFR — Internal Revenue · Status: effective
Cite this
- Citation
- 26 CFR 1.822-3, § 1.822-3 Amortization of premium and accrual of discount, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/110915
- Permanent ID
ys:prov:110915@1- SHA-256
de8e06ea1fc058dd501888b8b594d997add4049d0492d9537ddb615683f3a4ad
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Full text
Section 822(d)(2) makes provision for the appropriate amortization of premium and the appropriate accrual of discount, attributable to the taxable year, on bonds, notes, debentures or other evidences of indebtedness held by a mutual insurance company subject to the tax imposed by section 821. Such amortization and accrual is the same as that provided for life insurance companies by section 803(i), except that in determining the premium and discount of a mutual insurance company subject to the tax imposed by section 821 the basis provided in section 1012 shall be used in lieu of the acquisition value.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.