Assertion: debt instrument's interest | /r/HasProperty | accrued on the debt instrument
Facets:
value: for the tax year
type: TEMPORAL
value: previously
type: TEMPORAL
Source sentences:
text: The adjusted issue price of a debt instrument is equal to the debt instrument's issue price, increased by the interest previously accrued on the debt instrument under paragraph (b)(3)(iii) of this section (determined without regard to any adjustments taken into account under paragraph (b)(3)(iv) of this section), and decreased by the amount of any noncontingent payment and the projected amount of any contingent payment previously made on the debt instrument.
text: If the net negative adjustment exceeds the amount of interest accrued on the debt instrument for the tax year under the projected payment schedule, then generally, the excess is then treated as an ordinary loss by the holder (or as ordinary income by the issuer) subject to certain limitations.