What Is IRS Section 987 and How Does It Impact the Taxation of Foreign Currency Gains and Losses?
A Comprehensive Guide to Taxation of Foreign Money Gains and Losses Under Section 987 for CapitalistsComprehending the taxes of international money gains and losses under Section 987 is essential for U.S. capitalists involved in global deals. This section lays out the complexities involved in figuring out the tax effects of these gains and losses,