Rev. Rul. 85-21

1985-1 C.B. 286, 1985-9 I.R.B. 20.

Published: March 4, 1985

Section 1274-Determination of Issue Price in the Case of Certain Debt Instruments Issued for Property

(Also Sections 467, 483, 7872.)

  Pursuant to section 1.274-6T of the Temporary Income Tax regulations, the federal short-term, mid-term, and long-term rates for the months of January 1985 and February 1985 computed under the alternate method are as follows:

          Annual  Semiannual  Quarterly  Monthly
                  Short-term
     AFR   9.79%       9.56%      9.45%    9.37%
110% AFR  10.80%      10.52%     10.39%   10.30%
120% AFR  11.80%      11.47%     11.31%   11.21%
                  Mid-term
     AFR  11.48%      11.17%     11.02%   10.92%
110% AFR  12.67%      12.29%     12.11%   11.99%
120% AFR  13.85%      13.40%     13.18%   13.04%
                  Long-term
     AFR  11.92%      11.58%     11.42%   11.31%
110% AFR  13.15%      12.74%     12.54%   12.41%
120% AFR  14.38%      13.90%     13.67%   13.51%

Rev. Rul. 85-21, 1985-1 C.B. 286, 1985-9 I.R.B. 20.