Foreign Currency Transactions

1. CFR
2. ›
3. Title 26
4. ›
5. Chapter I
6. ›
7. Part 1
8. ›
9. Subject Group Foreign Currency Transactions

Sections

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