Subjgrp 6. Foreign Currency Transactions

• § 1.985-0 - Outline of regulation.
• § 1.985-1 - Functional currency.
• § 1.985-2 - Election to use the United States dollar as the functional currency of a QBU.
• § 1.985-3 - United States dollar approximate separate transactions method.
• § 1.985-4 - Method of accounting.
• § 1.985-5 -
• § 1.985-6 - Transition rules for a QBU that uses the dollar approximate separate transactions method for its first taxable year beginning in 1987.
• § 1.985-7 - Adjustments required in connection with a change to DASTM.
• § 1.985-8 - Special rules applicable to the European Monetary Union (conversion to euro).
• § 1.986(a)-1 - Translation of foreign income taxes for purposes of the foreign tax credit.
• § 1.986(c)-1 - Coordination with section 965.
• § 1.987-0 - Table of contents.
• § 1.987-1 - Scope, definitions, and special rules.
• § 1.987-2 - Attribution of items to eligible QBUs; definition of a transfer and related rules.
• § 1.987-3 - Determination of section 987 taxable income or loss of an owner of a section 987 QBU.
• § 1.987-3T - Determination of section 987 taxable income or loss of an owner of a section 987 QBU (temporary).
• § 1.987-4 - Determination of net unrecognized section 987 gain or loss of a section 987 QBU.
• § 1.987-5 - Recognition of section 987 gain or loss.
• § 1.987-6 - Character and source of section 987 gain or loss.
• § 1.987-6T - Character and source of section 987 gain or loss (temporary).
• § 1.987-7 - Application of the section 987 regulations to partnerships and S corporations.
• § 1.987-8 - Termination of a section 987 QBU.
• § 1.987-8T - Termination of a section 987 QBU (temporary).
• § 1.987-9 - Recordkeeping requirements.
• § 1.987-10 - Transition rules.
• § 1.987-11 - Suspended section 987 loss relating to certain elections; loss-to-the-extent-of-gain rule.
• § 1.987-12 - Deferral of section 987 gain or loss.
• § 1.987-13 - Suspended section 987 loss upon terminations.
• § 1.987-14 - Section 987 hedging transactions.
• § 1.987-15 - Applicability date.
• § 1.988-0 - Taxation of gain or loss from a section 988 transaction; Table of Contents.
• § 1.988-1 - Certain definitions and special rules.
• § 1.988-1T - Certain definitions and special rules (temporary).
• § 1.988-2 - Recognition and computation of exchange gain or loss.
• § 1.988-2T - Recognition and computation of exchange gain or loss (temporary).
• § 1.988-3 - Character of exchange gain or loss.
• § 1.988-4 - Source of gain or loss realized on a section 988 transaction.
• § 1.988-5 - Section 988(d) hedging transactions.
• § 1.988-6 - Nonfunctional currency contingent payment debt instruments.
• § 1.989(a)-1 - Definition of a qualified business unit.
• § 1.989(b)-1 - Definition of weighted average exchange rate.