Assertion: debt instrument's amount | /r/HasProperty | includible
Facets:
value: as interest
type: MANNER
value: in income by the holder
type: OTHER
value: as ordinary income on the date
type: TEMPORAL
Source sentences:
text: The amount allocated to a daily portion of interest is includible in income by the holder as ordinary income on the date the daily portion accrues.
text: The accurate determination of principal and interest is necessary in United States tax law to determine the basis of property and to determine whether an amount paid is deductible and includible as interest, or simply a nontaxable debt repayment.