CFR›Title 26›Chapter I›Part 1›Subject Group Itemized Deductions for Individuals and Corporations›26 CFR 1.163-16 Citation26 CFR 1.163-16CorpusDaily eCFRDisplayed edition2026-09-08Last updated2026-09-08 § 1.163-16 xxxLink to an amendment published at 91 FR 57235, Sept. 8, 2026. Previous 1.163-15 § 1.163-15 Debt proceeds distributed from any taxpayer account or from cash. Next 1.163(d)-1 § 1.163(d)-1 Time and manner for making elections under the Omnibus Budget Reconciliation Act of 1993 and the Jobs and Growth Tax Relief Reconciliation Act of 2003.