Key Insights Into Taxes of Foreign Currency Gains and Losses Under Area 987 for International Transactions Recognizing the complexities of Area 987 is paramount for U.S. taxpayers engaged in worldwide deals, as it dictates the treatment of foreign currency gains and losses. This section not only requires the recognition of https://taxidermy69254.wikibriefing.com/3239653/how_irs_section_987_affects_the_taxation_of_foreign_currency_gains_and_losses