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Technical

Foreign Currency Straddles and Transactions Present Complex Tax Issues

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Ray A. Knight, J.D., CPA/PFS, CGMA, and Lee G. ... | Free | AICPA | 01 Jun 2016 | Tax Adviser Magazine

Income
Intermediate
Article

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Foreign currency transactions raise complex tax issues that taxpayers must address to withstand an IRS challenge. With a focus on a foreign currency straddle transaction example, this article discusses the scope and application of Code secs. 1092, 1256, and 988.

Topics covered:

Tax: Technical: Individual income taxation : Income, Intermediate
Tax: Technical: Individual income taxation : Deductions, Intermediate
Tax: Technical: International tax, Intermediate

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Technical

Foreign Currency Straddles and Transactions Present Complex Tax Issues

Comments/Reflections

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