Par. 8. Section 1.863-7(a)(1) is amended by revising the second sentence to read as follows:
(a) Scope--(1) Introduction. * * * This section does not apply to income from a section 988 transaction (as defined in section 988(c) and Sec. 1.988-1(a)), or to income from a global dealing operation (as defined in Sec. 1.482-8(a)(2)(i)) that is sourced under the rules of Sec. 1.863-3(h). * * *
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