TAXATION OF FOREIGN CURRENCY GAINS AND LOSSES: IRS SECTION 987 AND ITS IMPACT ON TAX FILINGS

A Comprehensive Guide to Taxes of Foreign Currency Gains and Losses Under Section 987 for FinanciersUnderstanding the taxes of international currency gains and losses under Section 987 is critical for U.S. financiers involved in global transactions. This section lays out the intricacies included in identifying the tax obligation implications of the