Assertion: debt instrument | /r/HasProperty | held by the taxpayer
Facets:
Source sentences:
text: A taxpayer takes into account only those adjustments that occur during a taxable year while the debt instrument is held by the taxpayer or while the taxpayer is primarily liable on the debt instrument.
text: A debt instrument issued by a taxpayer and a debt instrument held by the taxpayer cannot be part of the same integrated transaction.
text: Such an election applies to all debt instruments held by the taxpayer (Sec. 1278(b)).