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TREAS/IRS RIN: 1545-BL13 Publication ID: Fall 2016 
Title: Income and Currency Gain or Loss With Respect to a Section 987 QBU 

These final and temporary regulations will provide guidance on determining items of income or loss of a taxpayer with respect to a section 987 QBU and the timing, amount, character, and source of section 987 gain or loss.

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
CFR Citation: 26 CFR 1.985-5 (revision)    26 CFR 1.987-1-10 (new)    26 CFR 1.861-9(T) (revision)    26 CFR 1.988-1 (revision)    26 CFR 1.988-4 (revision)    26 CFR 1.989(a)-1 (revision)    26 CFR 1.989(c)-1 (revision)   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 0987   
Legal Deadline:  None
Action Date FR Cite
Interim Final Rule  12/00/2016 
Additional Information: REG-208270-86 Drafting attorney: Sheila N. Ramaswamy (202) 317-6938 Reviewing attorney: Steven Jensen (202) 317-6938 Treasury attorney: Brian Jenn CC:INTL
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 1545-BL11, Related to 1545-BL12, Related to 1545-AM12 
Agency Contact:
Sheila Ramaswamy
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-6938
Fax:202 317-4922