Levin College of Law
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Tax of Financial Instruments

Course Number: LAW 7931 Credits: 2

This course covers the U.S. taxation of financial instruments. The first part of the course is about debt instruments, beginning with an examination of interest and the time value of money and continuing with the tax consequences of issuing or holding a debt instrument that is issued or purchased at a price differing from the instrument’s face value. Subsequent topics include the tax treatment of options, futures, forwards, swaps and other “derivatives.”