How Section 987 in the Internal Revenue Code Addresses the Taxation of Foreign Currency Gains and Losses
A Comprehensive Guide to Taxes of Foreign Money Gains and Losses Under Area 987 for CapitalistsUnderstanding the tax of foreign currency gains and losses under Area 987 is critical for U.S. financiers involved in global transactions. This section details the ins and outs involved in establishing the tax ramifications of these losses and gains, furt