RP-2023-35: Wash sale relief to redemptions of shares in money market funds

Revenue Procedure 2023-35 provides that a redemption of money market fund (MMF) shares will not be treated as part of a wash sale under § 1091 of the Internal Revenue Code. This revenue procedure amplifies Revenue Procedure 2014-45 and extends its wash sale relief to redemptions of shares in MMFs that maintain fixed share prices.

Revenue Procedure 2023-35 will be in IRB: 2023-42, dated October 16, 2023.

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