Notice 2025-63: Source of Certain Borrow Fees

Notice 2025-63 explains that proposed regulations will be issued to provide a rule for determining the source of certain borrow fees paid with respect to securities lending transactions and sale-repurchase transactions. These fees would be sourced based on the residence of the recipient.

Notice 2025-63 will be in IRB: 2025-46, dated: November 10, 2025

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