WASHINGTON -- The Internal Revenue Service issued final hedging rules yesterday that dictate how and when hedging transactions should be taxed.

The rules, which generally take effect in October, typically would not affect municipal issuers or investors. Issuers are not subject to taxation because they are governmental entities. Investors would not be taxed because they would receive tax-exempt interest.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.