RGI account

(11) The term RGI account means, with respect to a CFC and an extraordinary disposition account of a section 245A shareholder with respect to an SFC, an account of the section 245A shareholder with respect to an SFC (the initial balance of which is zero), adjusted at the end of each taxable year of the CFC pursuant to the rules of 1.245A-7(c)(4) or 1.245A-8(c)(4), as applicable. The RGI account must be maintained in the functional currency of the CFC.

Source

26 CFR § 1.245A-9


Scoping language

None
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