Treasury Regulations · 26 CFR
§ 1.822-7. Amortization of premium and accrual of discount.
Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).
Cite as 26 CFR § 1.822-7
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- August 31, 1962 by T.D. 6610
- Length
- 149 words · about 1 min to read
- Cross-references
- cites 2 Code sections and 1 regulation; cited by 1
Section 822(d)(2) makes provision for the appropriate amortization of premium and the appropriate accrual of discount, attributable to the taxable year, on bonds, notes, debentures, or other evidences of indebtedness held by a mutual insurance company subject to the tax imposed by section 821. Such amortization and accrual is the same as that provided for life insurance companies by section 818(b)(1), as amended by the Life Insurance Company Income Tax Act of 1959 (73 Stat. 133), and shall be determined in accordance with paragraphs (a) and (b) of § 1.818-3, except in the case of a mutual insurance company subject to the tax imposed by section 821, paragraph (b) of § 1.818-3 shall apply without regard to the date of acquisition and the basis provided in section 1012 shall be used in lieu of the acquisition value.
[T.D. 6610, 27 FR 8722, Aug. 31, 1962]
Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
Regulations it cites
Cited by 1 other regulation
Amendment history
From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.
- Issued by T.D. 6610 (27 FR 8722)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Mutual Insurance Companies (Other Than Life and Certain Marine Insurance Companies and Other Than Fire or Flood Insurance Companies Which Operate on Basis of Perpetual Policies or Premium Deposits)
Nearby sections
- § 1.822-3 Amortization of premium and accrual of discount.
- § 1.822-4 Taxable years affected.
- § 1.822-5 Mutual insurance company taxable income.
- § 1.822-6 Real estate owned and occupied.
- § 1.822-7 Amortization of premium and accrual of discount.
- § 1.822-8 Determination of taxable investment income.
- § 1.822-9 Real estate owned and occupied.
- § 1.822-10 Amortization of premium and accrual of discount.
- § 1.822-11 Net premiums.