### Question
Can you define what date of original issue means?


### Answer
**Date of original issue** is defined as the following in *26 U.S.C. § 1275*:

> the date on which the debt instrument was issued in a sale or exchange

#### Citation:
  - *26 U.S.C. § 1275*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter P-Capital Gains and Losses > PART V-SPECIAL RULES FOR BONDS AND OTHER DEBT INSTRUMENTS > Subpart A-Original Issue Discount**

