Section 988 transactions generally include the following:
Answer
- the accrual of any item of income or expense that is to be paid or received in a nonfunctional currency after the date of accrual;
- lending or borrowing in a nonfunctional currency;
- entering into or acquiring a forward, future, option, or similar contract denominated in a nonfunctional currency;
- and the disposition of nonfunctional currency.
Question
Section 988 transactions generally include the following:
Answer
?
Question
Section 988 transactions generally include the following:
Answer
- the accrual of any item of income or expense that is to be paid or received in a nonfunctional currency after the date of accrual;
- lending or borrowing in a nonfunctional currency;
- entering into or acquiring a forward, future, option, or similar contract denominated in a nonfunctional currency;
- and the disposition of nonfunctional currency.
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pdf
owner: VPLAN - (no access) - 2017-27320 988 regs.pdf, p5
Summary
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not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
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Details
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