(a)Section 988 of the Internal Revenue Code, relating to…#
(a) Section 988 of the Internal Revenue Code, relating to treatment of certain foreign currency transactions, shall apply, except as otherwise provided.
(b)Section 988(a)(3) of the Internal Revenue Code,…#
(b) Section 988(a)(3) of the Internal Revenue Code, relating to source, shall not apply.
(Amended by Stats. 1993, Ch. 877, Sec. 13. Effective October 6, 1993.)