Thank you for the response!
And yes sorry, in this hypothetical other sources of investment income (dividends, etc.) are what is being offset for tax purposes, the additional interest from the fund would overall be a small proportion of the portfolio income. In this situation I would hold a large balance in an MMF with the intent of accruing enough interest to deduct against the other (preexisting) sources of income.
From your response it sounds like this is an eligible investment vehicle for these purposes.
Thanks again!
