When it comes to foreign currency transactions like the Iraqi dinar, Section 988 of the Internal Revenue Code applies. This section treats gains or losses from these transactions as ordinary income or loss, which can be beneficial because it allows for greater flexibility in offsetting other income2.
When it comes to foreign currency transactions like the Iraqi dinar, Section 988 of the Internal Revenue Code applies. This section treats gains or losses from these transactions as ordinary income or loss, which can be beneficial because it allows for greater flexibility in offsetting other income2.
These videos are more about education of iqds snd currencies thats fine but the screen shot is misinformation