I also want to say that I have posted my opinion based on all sources I have cited in this post. I also tried to contact IRS to get 100% confirmation, but was n...
I agree with this. From all articles I have seen so far including IRS publications, it is clear that the currency gain or loss should be taken when the currency...
Hi,I have created a fullposthere on this topic giving lot of details from various different sources. None of the tax accountants I called have any clear idea ho...
Hi Dave, I think your earlier answer is correct and an individual should be able to show the currency exchange loss asordinary loss under section 988 transactio...