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26 U.S.C. § 6045A — Information required in connection with transfers of covered securities to brokers
Federal law — U.S. Code and appendices · legal_authorities
**(a) Furnishing of information** Every applicable person which transfers to a broker (as defined in section 6045(c)(1)) a covered security (as defined in section 6045(g)(3)) in the hands of such applicable person shall furnish to such broker a written statement in such manner and setting forth such information as the Secretary may by regulations prescribe for purposes of enabling such broker to meet the requirements of section 6045(g).
**(b) Applicable person** For purposes of subsection (a), the term “applicable person” means—
(1) any broker (as defined in section 6045(c)(1)), and
(2) any other person as provided by the Secretary in regulations.
**(c) Time for furnishing statement** Except as otherwise provided by the Secretary, any statement required by subsection (a) shall be furnished not later than 15 days after the date of the transfer described in such subsection.
**(d) Return requirement for certain transfers of digital assets not otherwise subject to reporting** Any broker, with respect to any transfer (which is not part of a sale or exchange executed by such broker) during a calendar year of a covered security which is a digital asset from an account maintained by such broker to an account which is not maintained by, or an address not associated with, a person that such broker knows or has reason to know is also a broker, shall make a return for such calendar year, in such form as determined by the Secretary, showing the information otherwise required to be furnished with respect to transfers subject to subsection (a).
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Stable record: federal_law:legal_authorities:record_usc_b287bdea310f5445fc9086ca
Source file: Laws/federal/codes/united-states-code/title-26/section-6045a-information-required-in-connection-with-transfers-of-covered-securities--00c67b251f.md
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Source location: Title 26, Chapter 61, § 6045A; chapter-061-information-and-returns.md
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**(a) Furnishing of information** Every applicable person which transfers to a broker (as defined in section 6045(c)(1)) a covered security (as defined in section 6045(g)(3)) in the hands of such applicable person shall furnish to such broker a written statement in such manner and setting forth such information as the Secretary may by regulations prescribe for purposes of enabling such broker to meet the requirements of section 6045(g).
**(b) Applicable person** For purposes of subsection (a), the term “applicable person” means—
(1) any broker (as defined in section 6045(c)(1)), and
(2) any other person as provided by the Secretary in regulations.
**(c) Time for furnishing statement** Except as otherwise provided by the Secretary, any statement required by subsection (a) shall be furnished not later than 15 days after the date of the transfer described in such subsection.
**(d) Return requirement for certain transfers of digital assets not otherwise subject to reporting** Any broker, with respect to any transfer (which is not part of a sale or exchange executed by such broker) during a calendar year of a covered security which is a digital asset from an account maintained by such broker to an account which is not maintained by, or an address not associated with, a person that such broker knows or has reason to know is also a broker, shall make a return for such calendar year, in such form as determined by the Secretary, showing the information otherwise required to be furnished with respect to transfers subject to subsection (a).
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** The basis of property shall be the cost of such property, except as otherwise provided in this subchapter and subchapters C (relating to corporate distributions and adjustments), K (relating to partners and partnerships), and P (relating to capital gains and losses).
**(b) Special rule for apportioned real estate taxes** The cost of real property shall not include any amount in respect of real property taxes which are treated under section 164(d) as imposed on the taxpayer.
**(c) Determinations by account**
(1) **In general** — In the case of the sale, exchange, or other disposition of a specified security on or after the applicable date, the conventions prescribed by regulations under this section shall be applied on an account by account basis.
(2) **Application to certain regulated investment companies**
(A) *In general* — Except as provided in subparagraph (B), any stock for which an average basis method is permissible under this section which is acquired before January 1, 2012, shall be treated as a separate account from any such stock acquired on or after such date.
(B) *Election for treatment as single account* — If a regulated investment company described in subparagraph (A) elects to have this subparagraph apply with respect to one or more of its stockholders—
(i) subparagraph (A) shall not apply with respect to any stock in such regulated investment company held by such stockholders, and
(ii) all stock in such regulated investment company which is held by such stockholders shall be treated as covered securities described in section 6045(g)(3) without regard to the date of the acquisition of such stock.
A rule similar to the rule of the preceding sentence shall apply with respect to a broker holding such stock as a nom
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 1012
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Federal law — U.S. Code and appendices · legal_authorities
**(a) General rule** Every person doing business as a broker shall, when required by the Secretary, make a return, in accordance with such regulations as the Secretary may prescribe, showing the name and address of each customer, with such details regarding gross proceeds and such other information as the Secretary may by forms or regulations require with respect to such business.
**(b) Statements to be furnished to customers** Every person required to make a return under subsection (a) shall furnish to each customer whose name is required to be set forth in such return a written statement showing—
(1) the name, address, and phone number of the information contact of the person required to make such return, and
(2) the information required to be shown on such return with respect to such customer.
The written statement required under the preceding sentence shall be furnished to the customer on or before February 15 of the year following the calendar year for which the return under subsection (a) was required to be made. In the case of a consolidated reporting statement (as defined in regulations) with respect to any customer, any statement which would otherwise be required to be furnished on or before January 31 of a calendar year with respect to any item reportable to the taxpayer shall instead be required to be furnished on or before February 15 of such calendar year if furnished with such consolidated reporting statement.
**(c) Definitions** For purposes of this section—
(1) **Broker** — The term “broker” includes—
(A) a dealer,
(B) a barter exchange,
(C) any person who (for consideration) regularly acts as a middleman with respect to property or services, and
(D) any person who (for consideration) is responsible for regularly providing any service ef
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 6045
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Federal law — U.S. Code and appendices · legal_authorities
Page 3365
TITLE 26—INTERNAL REVENUE CODE
§ 6045A
EFFECTIVE DATE OF 1992 AMENDMENT
Pub. L. 102–486, title XIX, § 1939(b), Oct. 24, 1992, 106
Stat. 3034, provided that: ‘‘The amendment made by
subsection (a) [amending this section] shall apply to
transactions after December 31, 1992.’’
EFFECTIVE DATE OF 1989 AMENDMENT
Amendment by Pub. L. 101–239 effective, except as
otherwise provided, as if included in the provision of
the Technical and Miscellaneous Revenue Act of 1988,
Pub. L. 100–647, to which such amendment relates, see
section 7817 of Pub. L. 101–239, set out as a note under
section 1 of this title.
EFFECTIVE DATE OF 1988 AMENDMENT
Pub. L. 100–647, title I, § 1015(e)(1)(B), Nov. 10, 1988, 102
Stat. 3570, provided that: ‘‘The amendment made by
subparagraph (A) [amending this section] shall take ef-
fect as if included in the amendments made by section
311(a)(1) of the Tax Equity and Fiscal Responsibility
Act of 1982 [Pub. L. 97–248].’’
Pub. L. 100–647, title I, § 1015(e)(2)(B), Nov. 10, 1988, 102
Stat. 3570, provided that: ‘‘The amendment made by
subparagraph (A) [amending this section] shall take ef-
fect on the date of the enactment of this Act [Nov. 10,
1988].’’
Amendment by section 1015(e)(3) of Pub. L. 100–647 ef-
fective, except as otherwise provided, as if included in
the provision of the Tax Reform Act of 1986, Pub. L.
99–514, to which such amendment relates, see section
1019(a) of Pub. L. 100–647, set out as a note under sec-
tion 1 of this title.
Amendment by section 4005(g)(3) of Pub. L. 100–647 ap-
plicable to financing provided, and mortgage credit cer-
tificates issued, after Dec. 31, 1990, with certain excep-
tions, see section 4005(h)(3) of Pub. L. 100–647, set out as
a note under section 143 of this title.
EFFECTIVE DATE OF
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 6045A
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