Treasury, IRS Issue Guidance on Fannie and Freddie Preferred Stock

by Sabrina I. Pacifici on October 29, 2008

News release: “The Treasury Department and the Internal Revenue Service today issued Revenue Procedure 2008-64 (Rev. Proc. 2008-64), which provides that certain gains and losses from indirect ownership of Fannie Mae and Freddie Mac preferred stock can be treated as ordinary income and loss.”

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