Assertion: debt instrument's yield | /r/HasProperty | §1.1272-3 election
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Source sentences:
text: For acquisition premium on a taxable debt instrument, unless you have timely notified your broker that you have elected to determine the amount of acquisition premium taken into account each year based on a constant yield (the §1.1272-3 election) or you have revoked your §1.1272-3 election, your broker must report acquisition premium to you each year based on the ratable method described in I.R.C. §1272(a)(7).