RR-2024-23: Section 1256 Contracts Marked to Market

Revenue Ruling 2024-23 holds that European Energy Exchange is a “qualified board or exchange” within the meaning of section 1256(g)(7)(C). European Energy Exchange is a regulated exchange of Germany that offers electronic trading.

Revenue Ruling 2024-23 will be in IRB: 2024-43, dated October 21, 2024.

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