RP-2014-45: Money Market Funds

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July 23, 2014

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Issue Number: RP-2014-45

Inside This Issue

Revenue Procedure 2014-45 describes the circumstances in which the Internal Revenue Service (Service) will not treat a redemption of shares in a money market fund (MMF) as part of a wash sale. Revenue Procedure 2014-45 responds to Securities and Exchange Commission (SEC) rules that change how certain MMF shares are priced.

Revenue Procedure 2014-45 will be published in Internal Revenue Bulletin 2014-33 on August 11, 2014.

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