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United States | Final and proposed regulations on qualified business units retain foreign exchange exposure pool method under Section 987, with simplifying elections

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United States

  • Generally applicable to individuals and C corporations (including financial service entities) for tax years beginning after December 31, 2024, but retain special, retroactive applicability date for terminating QBUs
  • Include several simplifications to the 2023 Proposed Regulations, while retaining the approach and structure of the 2023 Proposed Regulations, including the foreign exchange exposure poo…

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