HOW SECTION 987 IN THE INTERNAL REVENUE CODE ADDRESSES THE TAXATION OF FOREIGN CURRENCY GAINS AND LOSSES

A Comprehensive Guide to Taxation of Foreign Currency Gains and Losses Under Area 987 for InvestorsRecognizing the taxes of international money gains and losses under Section 987 is vital for U.S. financiers engaged in global transactions. This section describes the intricacies involved in identifying the tax ramifications of these losses and gains