IRS Prop. Reg.: Foreign Currency Gains and Losses Elections Corrections (IRC §988)

Sept. 3, 2024, 3:18 PM UTC

Corrections to REG-111629-23 (89 Fed. Reg. 67,366 (Aug. 20, 2024)) regarding the time for making and revoking certain elections relating to foreign currency gain and loss, the IRS released. Written or electronic comments and requests for a public hearing still must be received by Oct. 18, 2024. [REG-111629-23, RIN 1545-BM80, 89 Fed. Reg. __ (Sept. 4, 2024)]

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