Also see this please fromhttps://www.law.cornell.edu/uscode/text/26/988"(C)Special rules for disposition of nonfunctional currency(i)In generalIn the case of an...
Dave, thanks for a prompt response. I've checked your previous posts. However, as@MS456has explained at great length above, the description regarding the Time D...
Also, see this past recommendation.https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-to-report-interest-income-on-foreign-bank-accounts/00...
MS,Thanks for a very detailed post. After many hours of research, I've come to the exact same conclusions as you. Logically a) IRS should allow the adjustment f...