Thus, accruals in connection with ordinary business transactions, such as purchases and sales of inventory or the provision of services, [...] if the receivable or payable is denominated in, or determined by reference to, a currency other than the taxpayer’s functional currency, as determined under §1.985-1.
Answer
are section 988 transactions
Question
Thus, accruals in connection with ordinary business transactions, such as purchases and sales of inventory or the provision of services, [...] if the receivable or payable is denominated in, or determined by reference to, a currency other than the taxpayer’s functional currency, as determined under §1.985-1.
Answer
?
Question
Thus, accruals in connection with ordinary business transactions, such as purchases and sales of inventory or the provision of services, [...] if the receivable or payable is denominated in, or determined by reference to, a currency other than the taxpayer’s functional currency, as determined under §1.985-1.
Answer
are section 988 transactions
If you want to change selection, open original toplevel document below and click on "Move attachment"
Parent (intermediate) annotation
Open it
Thus, accruals in connection with ordinary business transactions, such as purchases and sales of inventory or the provision of services, are section 988 transactions if the receivable or payable is denominated in, or determined by reference to, a currency other than the taxpayer’s functional currency, as determined under §1.985-1.
Original toplevel document (pdf)
owner: VPLAN - (no access) - 2017-27320 988 regs.pdf, p5
Summary
status
not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
0
memorised on
scheduled repetition
scheduled repetition interval
last repetition or drill
Details
No repetitions
Discussion
Do you want to join discussion? Click here to log in or create user.