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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

|Tax Alerts, Legislation & Policy, Na ...|United States
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 pool (FEEP) method and current rate and annual recognition elections
  • Provide additional guidance on elig…