# Taxable Income or Loss and Currency Gain or Loss With Respect to a Qualified Business Unit
> **IRS** · Final rule. · Published 2024-12-11 · Effective 2024-12-10 · 89 FR 100138
## Document
- **Document number:** 2024-28372
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 89 FR 100138
- **CFR reference:** 26 CFR 1
- **Publication date:** 2024-12-11
- **Effective date:** 2024-12-10
- **Treasury docket:** TD 10016
## Abstract

This document contains final regulations relating to the determination of taxable income or loss and foreign currency gain or loss with respect to a qualified business unit. These final regulations include an election to treat all items of a qualified business unit as marked items (subject to a loss suspension rule), an election to recognize all foreign currency gain or loss with respect to a qualified business unit on an annual basis, and a new transition rule.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2024/12/11/2024-28372/taxable-income-or-loss-and-currency-gain-or-loss-with-respect-to-a-qualified-business-unit)
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