interest expense
Defined in 2 places of the United States Code.
The term “interest expense” means the aggregate amount allowable to the taxpayer as a deduction for interest for the taxable year (determined without regard to this subsection and section 291). For purposes of the preceding sentence, the term “interest” includes amounts (whether or not designated as interest) paid in respect of deposits, investment certificates, or withdrawable or repurchasable shares.
Source
- 1994–199726 U.S.C. § 265Internal Revenue Code · Expenses and interest relating to tax-exempt income · in this section
The term “interest expense” means the aggregate amount allowable to the taxpayer as a deduction for interest for the taxable year (determined without regard to this subsection, section 264, and section 291). For purposes of the preceding sentence, the term “interest” includes amounts (whether or not designated as interest) paid in respect of deposits, investment certificates, or withdrawable or repurchasable shares.
Source
- 1997–present26 U.S.C. § 265Internal Revenue Code · Expenses and interest relating to tax-exempt income · in this section
The term “interest expense” means the aggregate amount allowable to the taxpayer as a deduction for interest (within the meaning of section 265(b)(4)) for the taxable year (determined without regard to this subsection, section 265(b), and section 291).
Source
- 1997–present26 U.S.C. § 264Internal Revenue Code · Certain amounts paid in connection with insurance contracts · in this section