What Is IRS Section 987 and How Does It Impact 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 taxes of foreign currency gains and losses under Area 987 is critical for U.S. financiers engaged in international transactions. This section lays out the intricacies associated with figuring out the tax implications of these gains and l