# Prop. Treas. Reg. § 1.954-0: Introduction.

Proposed regulation, not in force. REG-119514-15, 82 FR 60135, published 2017-12-19 <https://www.federalregister.gov/documents/2017/12/19/2017-27320/exclusion-of-foreign-currency-gain-or-loss-related-to-business-needs-from-foreign-personal-holding>. Interprets 26 U.S.C. § 954.

Par. 3. Section 1.954-0(b) is amended by: 1. Redesignating the entry for § 1.954-2(g)(2)(ii)(D) as the entry for § 1.954-2(g)(2)(ii)(E). 2. Redesignating the entries for § 1.954-2(g)(2)(ii)(C), (g)(2)(ii)(C)( 1 ), (g)(2)(ii)(C)( 2 ), (g)(2)(ii)(C)( 2 )( i ), (g)(2)(ii)(C)( 2 )( ii ), and (g)(2)(ii)(C)( 2 )t( iii ) as the entries for § 1.954-2(g)(2)(ii)(D), (g)(2)(ii)(D)( 1 ), (g)(2)(ii)(D)( 2 ), (g)(2)(ii)(D)( 2 )( i ), (g)(2)(ii)(D)( 2 )( ii ), and (g)(2)(ii)(D)( 2 )( iii ), respectively. 3. Adding new entries for § 1.954-2(g)(2)(ii)(C), (g)(2)(ii)(C)( 1 ), and (g)(2)(ii)(C)( 2 ). 4. Revising the entry for § 1.954-2(g)(2)(iii). The additions and revision read as follows:

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