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Tag: Money Market Funds

New IRS rules simplify compliance for money market fund shares

Posted on July 30th, by Big Chief in Blog. Comments Off

In response to new SEC pricing rules for shares in certain money market funds (MMFs), the IRS on Wednesday issued guidance that allows a simplified method for calculating gain or loss on shares in MMFs subject to the new rules and exempts redemptions of shares in these MMFs from the wash sale rules.