For example, foreign currency gains and losses related to the purchase and sale of inventory are [...] if none of the income from the purchase and sale is subpart F income under section 952.
Answer
excluded from the computation of FPHCI
Question
For example, foreign currency gains and losses related to the purchase and sale of inventory are [...] if none of the income from the purchase and sale is subpart F income under section 952.
Answer
?
Question
For example, foreign currency gains and losses related to the purchase and sale of inventory are [...] if none of the income from the purchase and sale is subpart F income under section 952.
Answer
excluded from the computation of FPHCI
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For example, foreign currency gains and losses related to the purchase and sale of inventory are excluded from the computation of FPHCI if none of the income from the purchase and sale is subpart F income under section 952.
Original toplevel document (pdf)
owner: VPLAN - (no access) - 2017-27320 988 regs.pdf, p8
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