{"abstract":"This document contains final regulations that provide guidance under section 987 of the Internal Revenue Code (Code) regarding the determination of the taxable income or loss of a taxpayer with respect to a qualified business unit (QBU) subject to section 987, as well as the timing, amount, character, and source of any section 987 gain or loss. Taxpayers affected by these regulations are corporations and individuals that own QBUs subject to section 987. In addition, published elsewhere in this issue of the Federal Register, temporary and proposed regulations (the temporary regulations) are being issued under section 987 to address aspects of the application of section 987 not addressed in these final regulations.","action":"Final regulations.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2016/12/08/2016-28381.html","cfr_references":[{"chapter":null,"citation_url":null,"part":1,"title":26},{"chapter":null,"citation_url":null,"part":602,"title":26}],"citation":"81 FR 88806","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective date: These regulations are effective on December 7, 2016.","disposition_notes":null,"docket_ids":["TD 9794"],"dockets":[],"document_number":"2016-28381","effective_on":"2016-12-07","end_page":88852,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2016/12/08/2016-28381.xml","html_url":"https://www.federalregister.gov/documents/2016/12/08/2016-28381/income-and-currency-gain-or-loss-with-respect-to-a-section-987-qbu","images":{"ER08DE16.002":{"large":"https://img.federalregister.gov/ER08DE16.002/ER08DE16.002_large.png","original_size":"https://img.federalregister.gov/ER08DE16.002/ER08DE16.002_original_size.png"}},"images_metadata":{"ER08DE16.002":{"large":{"identifier":"ER08DE16.002","content_type":"image/png","size":9918,"width":823,"sha":"4aefa9e2a1000ecb815b4e4f8715285b","url":"https://img.federalregister.gov/ER08DE16.002/ER08DE16.002_large.png","height":120},"original_size":{"identifier":"ER08DE16.002","content_type":"image/png","size":12066,"width":3014,"sha":"6fb3d50345a080c9d46f9986f68f4690","url":"https://img.federalregister.gov/ER08DE16.002/ER08DE16.002_original_size.png","height":438}}},"json_url":"https://www.federalregister.gov/api/v1/documents/2016-28381?publication_date=2016-12-08","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2016-12-08/2016-28381/mods.xml","not_received_for_publication":null,"page_length":47,"page_views":{"count":12681,"last_updated":"2026-10-24 04:15:05 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2016-12-08/pdf/2016-28381.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2016-28381.pdf?1481118322","publication_date":"2016-12-08","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2016/12/08/2016-28381.txt","regulation_id_number_info":{"1545-AM12":{"issue":"201104","html_url":"https://www.federalregister.gov/regulations/1545-AM12/computation-of-a-branch-s-taxable-income-taxation-of-exchange-gain-or-loss-on-branch-remittances","title":"Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on Branch Remittances","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201104&RIN=1545-AM12&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1545-AM12"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-AM12/computation-of-a-branch-s-taxable-income-taxation-of-exchange-gain-or-loss-on-branch-remittances","title":"Computation of a Branch's Taxable Income; Taxation of Exchange Gain or Loss on Branch Remittances"},"comments_count":0,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2016-0049","supporting_documents_count":0,"docket_id":"IRS-2016-0049","document_id":"IRS-2016-0049-0001","regulation_id_number":"1545-AM12","title":"Income and Currency Gain or Loss With Respect to a Section 987 QBU (REG-208270-86)","checked_regulationsdotgov_at":"2022-02-15T04:30:04Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":88806,"subtype":null,"title":"Income and Currency Gain or Loss With Respect to a Section 987 QBU","toc_doc":"Income and Currency Gain or Loss with Respect to a Section Qualified Business Unit","toc_subject":null,"topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Rule","volume":81}