MS456
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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...
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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...
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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...
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I also wanted to give another link on similar subject:http://publications.ruchelaw.com/news/2014-05/Vol.1No.04-03_Tax%20101-FX.pdf
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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...
Activity Feed for MS456
- Posted Re: How to show currency loss in foreign CD due to exchange rate conversion? on Deductions & credits. ‎April 15, 2024 10:52 AM
- Got Cheered for Re: How to show currency loss in foreign CD due to exchange rate conversion?. ‎April 14, 2024 6:22 PM
- Posted Re: How to show currency loss in foreign CD due to exchange rate conversion? on Deductions & credits. ‎April 14, 2024 5:34 PM
- Posted Re: Where do I report foreign interest income and losses? on Deductions & credits. ‎April 11, 2024 8:00 PM
- Posted How to show currency loss in foreign CD due to exchange rate conversion? on Deductions & credits. ‎April 10, 2024 8:52 AM
- Posted Re: Where do I report foreign interest income and losses? on Deductions & credits. ‎April 9, 2024 9:15 PM
- Posted Re: Where do I report foreign interest income and losses? on Deductions & credits. ‎April 9, 2024 8:35 PM
- Posted Re: Q about section 988 (foreign currency) gains and losses on Investors & landlords. ‎April 9, 2024 6:45 PM