Ark. Code R. 26-51-440 - 5 (1997) - Subchapter M - Fasits - Taxation of Regular Interests

26-51-440 - 5 - Subchapter M - Fasits - Taxation of Regular Interests
26-51-440 - 4 - Subchapter M - Fasits - Taxation of Fasits26-51-440 - 6 - Subchapter M - Fasits - Prohibited Transactions

The holder of a regular or high-yield interest in a FASIT (normally an investor), is generally taxed in the same manner as a holder of any other debt instrument. IRC Sec. 860H(c)(1).

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