Data / Federal rules / 2024-18281
Guidance Regarding Elections Relating to Foreign Currency Gains and Losses
The Internal Revenue Service published this proposed rule in the Federal Register on August 20, 2024. Comments closed on October 21, 2024.
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What the agency says
This document contains proposed regulations regarding the time for making and revoking certain elections relating to foreign currency gain or loss.
Key facts
- Document number
- 2024-18281
- Type
- Proposed rule
- Action
- Notice of proposed rulemaking; partial withdrawal of proposed rulemaking
- Agency
- Treasury Department; Internal Revenue Service
- Published
- August 20, 2024
- Comments due
- October 21, 2024
- Dates
- Written or electronic comments and requests for a public hearing must be received by October 18, 2024. As of August 20, 2024, proposed Sec. 1.954-2(g)(3)(iii) and (g)(4)(iii) and proposed Sec. 1.988-7(c) through (e), contained in the notice of proposed rulemaking published in the Federal Register of December 19, 2017 (82 FR 60135), are withdrawn.
- Docket
- REG-111629-23
- Regulation ID (RIN)
- 1545-BM80
- Code of Federal Regulations
- 26 CFR 1
- Topics
- Income taxes; Reporting and recordkeeping requirements
- Pages
- 6
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Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.