[Code of Federal Regulations]
[Title 26, Volume 13]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR]

[Page 331]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
Procedure and Administration--Table of Contents
 
Sec.  1.6049-7T  Market discount fraction reported with other financial 
information with respect to REMICs and collateralized debt obligations (temporary).

    For purposes of Sec.  1.6049-7(f)(2)(i)(G)(1) relating to the market 
discount fraction to be reported with other financial information with 
respect to REMICs and other collateralized debt obligations, if the 
REMIC regular interest or the collateralized debt obligation has de 
minimis original issue discount (as defined in section 1273(a)(3) and 
any regulations thereunder), then, at the option of the REMIC or the 
issuer of the collateralized debt obligation, a fraction computed in the 
manner specified in paragraph (f)(2)(ii)(K) of this section taking into 
account the de minimis original issue discount may be reported instead 
of the fraction specified in Sec.  1.6049-7(f)(2)(i)(G)(1)(i). The REMIC 
or the issuer of the collateralized debt obligation, however, must be 
consistent in the method used to compute this fraction.

[T.D. 8366, 56 FR 49518, Sept. 30, 1991]