# Guidance Regarding the Treatment of Certain Contingent Payment Debt Instruments With One or More Payments That Are Denominated in, or Determined by Reference to, a Nonfunctional Currency
> **IRS** · Final regulation. · Published 2004-08-30 · Effective 2004-08-30 · 69 FR 52816
## Document
- **Document number:** 04-19642
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 69 FR 52816
- **CFR reference:** 26 CFR 1
- **Publication date:** 2004-08-30
- **Effective date:** 2004-08-30
- **Treasury docket:** TD 9157
## Abstract

This document contains final regulations regarding the treatment of contingent payment debt instruments for which one or more payments are denominated in, or determined by reference to, a currency other than the taxpayer's functional currency. These regulations are necessary because current regulations do not provide guidance concerning the tax treatment of such instruments. The regulations affect issuers and holders of such instruments.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2004/08/30/04-19642/guidance-regarding-the-treatment-of-certain-contingent-payment-debt-instruments-with-one-or-more)
---
*AI Analytics · CC0 1.0*