Federal long-term rate
Defined in 1 place of the United States Code.
For purposes of this paragraph, the term “Federal long-term rate” means the Federal long-term rate which would have applied to the residual interest under section 1274(d) (determined without regard to paragraph (2) thereof) if it were a debt instrument.
Source
- 1994–present26 U.S.C. § 860EInternal Revenue Code · Treatment of income in excess of daily accruals on residual interests · for purposes of this section