# Treatment of Income and Expense From Certain Hyperinflationary, Nonfunctional Currency Transactions and Certain Notional Principal Contracts
> **IRS** · Final regulations. · Published 2000-01-13 · Effective 2000-02-14 · 65 FR 2026
## Document
- **Document number:** 00-644
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 65 FR 2026
- **CFR reference:** 26 CFR 1
- **Publication date:** 2000-01-13
- **Effective date:** 2000-02-14
- **Treasury docket:** TD 8860
## Abstract

This document contains final regulations regarding the treatment of income and deductions arising from certain foreign currency transactions denominated in hyperinflationary currencies and coordinates section 988 with the section 446 regulations pertaining to significant nonperiodic payments. These regulations are intended to prevent distortions in computing income and deductions of taxpayers who enter into certain transactions in hyperinflationary currencies, and nonfunctional currency, notional principal contracts with significant nonperiodic payments.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2000/01/13/00-644/treatment-of-income-and-expense-from-certain-hyperinflationary-nonfunctional-currency-transactions)
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