IRS practice unit: Section 986(c) gain or loss, pre-2017 tax law (TCJA)
Section 986(c) gain or loss, pre-2017 tax law (TCJA)
The IRS Large Business and International (LB&I) division publicly released a “practice unit”—part of a series of IRS examiner “job aides” and training materials intended to describe for IRS agents leading practices about tax concepts in general and specific types of transactions.
The title of this “transaction unit” (as referred to by the IRS) is: Computation and review of IRC 986(c) gain or loss -pre-TCJA*
Read the transaction unit on the IRS practice unit webpage (dated August 13, 2020)
* Pub. L. No. 115-97, the U.S. 2017 tax law that is often referred to as the “Tax Cuts and Jobs Act” (TCJA)
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