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Which statement is true: Group of answer choices A. Gains and losses subject to Section 988 are capital gains B. The source of foreign currency
Which statement is true: Group of answer choices A. Gains and losses subject to Section 988 are capital gains B. The source of foreign currency losses is foreign source C. Individuals are not required to recognize a foreign currency gain on a transaction if the gain is less than $200 D. Taxpayers are not allowed to integrate a currency hedging transaction with the underlying hedged transaction.
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