Business, 31.03.2020 00:24 Izayoi

Wood, a U. S. corporation, owns Holz, a German corporation. Wood receives a dividend (non-Subpart F income) from Holz of 75,000€. The average exchange rate for the year is $1US: 0.6€, and the exchange rate on the date of the dividend distribution is $1US: 0.8€. Wood’s exchange gain or loss is:

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Wood, a U. S. corporation, owns Holz, a German corporation. Wood receives a dividend (non-Subpart F...