Skool sux

Skool is really lame. Totally lame. About as lame as the debt integration rules that provide that a qualifying debt instrument when combined with a section 1256 contract will qualify as an integrated instrument if the cash flows of the separate components are substantially equivalent to the cash flows on a fixed or variable rate debt instrument.
Don't make the mistake of confusing the qualifying debt instrument with the qualified debt instrument - Hah! as if you could! Mix up I.R.C. 988 and I.R.C. 1275! But seriously folks...am on the verge of throwing myself out a window.