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Unrealized Foreign Currency Gains for Corps

  • 1.  Unrealized Foreign Currency Gains for Corps

    Posted 09-02-2016 11:24 AM

    We have a new C Corp client which is a US subsidiary of a Singapore company.  On the US entities financials is a Unrealized Foreign Currency Gain which resulted from an intercompany balance between parent and sub.  Does the unrealized gain get reported on the current years tax return? If so, on which form?

    Thanks in advance for the assistance!

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    Jay Gordon CPA

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