### Question
Can you define what registration-required obligation means?


### Answer
**Registration-required obligation** is defined as the following in *26 U.S.C. § 163*:

> any obligation (including any obligation issued by a governmental entity) other than an obligation which—



(i) is issued by a natural person,



(ii) is not of a type offered to the public, or



(iii) has a maturity (at issue) of not more than 1 year

#### Citation:
  - *26 U.S.C. § 163*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART VI-ITEMIZED DEDUCTIONS FOR INDIVIDUALS AND CORPORATIONS**

