Translation gains and losses are not quite real, they are only on paper. The gain or loss is not realized and taxed until the asset is actually sold.

Name: Translation gains and losses are not quite real, they are only on paper. The gain or loss is not realized and taxed until the asset is actually sold.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Translation gains and losses are unrealized until the asset is actually sold, so they are only on paper and not taxed until the sale occurs.

Translation Gains and Losses Are Not Quite Real, They Are