Rev. Rul. 86-34

1986-1 C.B. 296, 1986-9 I.R.B. 20.

Published: March 3, 1986

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

(Also Sections 467, 483.)

  For purposes of section 1274(d) of the Internal Revenue Code, the short-term, mid-term, and long-term applicable federal rates (AFR) for the month of March

1986 are as follows:

                Period for Compounding

               Annual     Semiannual     Quarterly     Monthly

Short-Term
       AFR      8.06%       7.90%         7.82%         7.77%
  110% AFR      8.88%       8.69%         8.60%         8.54%
  120% AFR      9.70%       9.48%         9.37%         9.30%

  Mid-Term
       AFR      8.92%       8.73%         8.64%         8.58%
  110% AFR      9.83%       9.60%         9.49%         9.41%
  120% AFR     10.75%      10.48%        10.35%        10.26%

Long-Term
       AFR      9.55%       9.33%         9.22%         9.15%
  110% AFR     10.52%      10.26%        10.13%        10.05%
  120% AFR     11.51%      11.20%        11.05%        10.95%

Rev. Rul. 86-34, 1986-1 C.B. 296, 1986-9 I.R.B. 20.