This notice sets forth updates on the corporate bond monthly yield curve, the corresponding spot segment rates for October 2019 used under § 417(e)(3)(D), the 24-month average segment rates applicable for October 2019, and the 30-year Treasury rates, as reflected by the application of § 430(h)(2)(C)(iv).

Federal rates; adjusted federal rates; adjusted federal long-term rate, the long-term exempt rate, and the blended annual rate. For purposes of sections 382, 1274, 1288, 7872 and other sections of the Code, tables set forth the rates for November 2019.

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

(Also Sections 42, 280G, 382, 467, 468, 482, 483, 1288, 7520, 7872.)

This TD finalizes regulations under section 1.165-11 and provides rules and procedures for making and revoking an election to claim a disaster loss in the preceding year and replaces the temporary regulations under section 1.165-11T. The final regulations provide that an election under section 165(i) to deduct a disaster loss for the preceding year is made either on an original Federal income tax return for the preceding year or an amended Federal income tax return for the preceding year in the manner specified by guidance issued pursuant to this section. The due date for making the section 165(i) election is six months after the due date for filing the taxpayer’s Federal income tax return for the disaster year (determined without regard to any extension of time to file). In general, a section 165(i) election may be revoked on or before the date that is ninety (90) days after the due date for making the election.