IRS practice units: Section 263A costs for self-constructed assets; limitation of exchange gain or loss
IRS Large Business and International (LB&I) division publicly released two “practice units.”
Section 263A costs for self-constructed assets; limitation of exchange gain or loss
The IRS Large Business and International (LB&I) division publicly released two “practice units”—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 the “concept units” (as referred to by the IRS) are:
- Section 263A costs for self-constructed assets
- Limitation of exchange gain or loss on payment or disposition of debt instrument
Read the concept units on the IRS practice unit webpage (posting date of September 16, 2021).
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