Navigating Section 987: Tax Strategies for Currency Gains and Losses in 2024

In this episode, we dive deep into the newly released 2024 Final Regulations under Section 987, focusing on taxable income and foreign currency impacts on Qualified Business Units (QBUs). Discover the ins and outs of the Foreign Exchange Exposure Pool (FEEP) method and how it simplifies tracking gains and losses due to currency fluctuations. We’ll also explore loss suspension rules—your safety net during tax reporting. Join us as we unravel these complex regulations to help businesses navigate their international tax strategies with ease!