26 CFR Part 1 §§ 1.6045-1, 1.6045A-1, 1.6045B-1, 1.1001-7, 1.1012-1 — digital-asset broker reporting and basis regulations (IRS, TD 10000 family) [bounded slice, eCFR point-in-time]

Current as of 1 July 20265 provisions

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["Title 26", "PART 1 (selected sections)", "§ 1.1001-7 Computation of gain or loss for digital assets."]
§ 1.1001-7 Computation of gain or loss for digital assets.
§ 1.1001-7 Computation of gain or loss for digital assets. (a) In general. This section provides rules to determine the amount realized for purposes of…
["Title 26", "PART 1 (selected sections)", "§ 1.6045B-1 Returns relating to actions affecting basis of securities."]
§ 1.6045B-1 Returns relating to actions affecting basis of securities.
§ 1.6045B-1 Returns relating to actions affecting basis of securities. (a) In general— (1) Information required. Except as provided in paragraphs (a) (4) and…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (a) Duty to furnish transfer statement— (1) In general—(i) Transfers…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (a) Definitions. The following definitions apply for purposes of this section and §§…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (a) General rule. In general, the basis of property is the cost thereof. The cost is the amount paid for such property in cash or…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (2) Customer—(i) In general. The term customer means, with respect to a sale effected by a…
["Title 26", "PART 1 (selected sections)", "§ 1.6045B-1 Returns relating to actions affecting basis of securities."]
§ 1.6045B-1 Returns relating to actions affecting basis of securities.
§ 1.6045B-1 Returns relating to actions affecting basis of securities. (2) of this chapter), classification of the security (such as stock), account number…
["Title 26", "PART 1 (selected sections)", "§ 1.1001-7 Computation of gain or loss for digital assets."]
§ 1.1001-7 Computation of gain or loss for digital assets.
§ 1.1001-7 Computation of gain or loss for digital assets. (1)(iii)(A) through (C) of this section apply the rules of this section to certain sales, exchanges…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (2) of this section (dealing with stock for which the average basis method is permitted), if a taxpayer sells or transfers shares…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (3) of this section (relating to noncovered securities and certain…
["Title 26", "PART 1 (selected sections)", "§ 1.6045B-1 Returns relating to actions affecting basis of securities."]
§ 1.6045B-1 Returns relating to actions affecting basis of securities.
§ 1.6045B-1 Returns relating to actions affecting basis of securities. (2)(i) of this section, an issuer may make reasonable assumptions about facts that…
["Title 26", "PART 1 (selected sections)", "§ 1.1001-7 Computation of gain or loss for digital assets."]
§ 1.1001-7 Computation of gain or loss for digital assets.
§ 1.1001-7 Computation of gain or loss for digital assets. (2)(ii) of this section. (iv) Debt instrument issued in exchange for digital assets. For purposes of…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (1) In exchange for property of a type the later sale of which, if effected by such broker…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (1)(i). (iv) Securities lending transactions—transferor as…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (4) of this section) by averaging the cost of each share if the stock is purchased at separate times on the same calendar day in…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (5) Commodity. The term commodity means: (i) Any type of personal property or an interest…
["Title 26", "PART 1 (selected sections)", "§ 1.1001-7 Computation of gain or loss for digital assets."]
§ 1.1001-7 Computation of gain or loss for digital assets.
§ 1.1001-7 Computation of gain or loss for digital assets. (1)(iii)(C) of this section (original transaction) and for which digital assets are withheld from…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (2) Format of transfer statement. The transfer statement must be…
["Title 26", "PART 1 (selected sections)", "§ 1.6045B-1 Returns relating to actions affecting basis of securities."]
§ 1.6045B-1 Returns relating to actions affecting basis of securities.
§ 1.6045B-1 Returns relating to actions affecting basis of securities. (6) Reporting for certain specified securities that are digital assets. Unless otherwise…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (3) Identification on confirmation document. (i) Where the stock is left in the custody of a broker or other agent, an adequate…
["Title 26", "PART 1 (selected sections)", "§ 1.6045B-1 Returns relating to actions affecting basis of securities."]
§ 1.6045B-1 Returns relating to actions affecting basis of securities.
§ 1.6045B-1 Returns relating to actions affecting basis of securities. (2), a redemption occurs on the last day a holder may redeem a security. An issuer may…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (9)(ii)(B) or (C) of this section; and (B) Is not a regulated futures contract. (8) Closing…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (4) Stock held by a trustee, executor, or administrator. (i) A trustee or executor or administrator of an estate holding stock…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (1), any person that acts as a custodian of securities in the…
["Title 26", "PART 1 (selected sections)", "§ 1.1001-7 Computation of gain or loss for digital assets."]
§ 1.1001-7 Computation of gain or loss for digital assets.
§ 1.1001-7 Computation of gain or loss for digital assets. (5), assume that TP is a digital asset investor, and each unit of digital asset A, B, and C is…
["Title 26", "PART 1 (selected sections)", "§ 1.6045B-1 Returns relating to actions affecting basis of securities."]
§ 1.6045B-1 Returns relating to actions affecting basis of securities.
§ 1.6045B-1 Returns relating to actions affecting basis of securities. (3)(i)(B), provided the issuer has actual knowledge that the holder is described in that…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (1)(iii) of this section, E is not required to furnish a transfer…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (5) of the Code involves making delivery, there are two sales, one resulting in profit or…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (3)(i)(a) of this paragraph in the case of a sale or transfer of a book-entry security (as defined in subdivision (iii) (a) of…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (1)(ii)(A) of this section, G is not required to furnish a transfer…
["Title 26", "PART 1 (selected sections)", "§ 1.1001-7 Computation of gain or loss for digital assets."]
§ 1.1001-7 Computation of gain or loss for digital assets.
§ 1.1001-7 Computation of gain or loss for digital assets. (3) of this section, TP's amount realized from the exchange is $18, which is the fair market value…
["Title 26", "PART 1 (selected sections)", "§ 1.6045B-1 Returns relating to actions affecting basis of securities."]
§ 1.6045B-1 Returns relating to actions affecting basis of securities.
§ 1.6045B-1 Returns relating to actions affecting basis of securities. (1) or presumed to be made to a foreign payee under § 1.6049-5(d) (2) or (3). For…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (3)(i)(b) of this section to a sale or transfer of a book-entry security pursuant to a taxpayer's written instruction, a…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (9)(ii) if the contract had not been executory. In the case of a transaction involving a…
["Title 26", "PART 1 (selected sections)", "§ 1.6045B-1 Returns relating to actions affecting basis of securities."]
§ 1.6045B-1 Returns relating to actions affecting basis of securities.
§ 1.6045B-1 Returns relating to actions affecting basis of securities. (3)(D) to all proper parties for the organizational action. (e) Acquiring and successor…
["Title 26", "PART 1 (selected sections)", "§ 1.1001-7 Computation of gain or loss for digital assets."]
§ 1.1001-7 Computation of gain or loss for digital assets.
§ 1.1001-7 Computation of gain or loss for digital assets. (2)(ii)(A) of this section, TP must allocate $2 of such costs to the disposition of the 10 units of…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (1)(ii)(B) of this section, K must furnish a transfer statement to…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (2) the Federal National Mortgage Association, the Federal Home Loan Banks, the Federal Home Loan Mortgage Corporation, the…
["Title 26", "PART 1 (selected sections)", "§ 1.6045B-1 Returns relating to actions affecting basis of securities."]
§ 1.6045B-1 Returns relating to actions affecting basis of securities.
§ 1.6045B-1 Returns relating to actions affecting basis of securities. (2) of this section, D is required to file an issuer return with the IRS and furnish…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (12) Cash. The term cash means United States dollars or any convertible foreign currency…
["Title 26", "PART 1 (selected sections)", "§ 1.1001-7 Computation of gain or loss for digital assets."]
§ 1.1001-7 Computation of gain or loss for digital assets.
§ 1.1001-7 Computation of gain or loss for digital assets. (5)(ii)(A) of this section (the facts in Example 2), except that BEX requires its payment be…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (2) of this section, K may satisfy this duty by maintaining the…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (10) Method for determining basis of stock. A method of determining the basis of stock, including a method of identifying stock…
["Title 26", "PART 1 (selected sections)", "§ 1.6045B-1 Returns relating to actions affecting basis of securities."]
§ 1.6045B-1 Returns relating to actions affecting basis of securities.
§ 1.6045B-1 Returns relating to actions affecting basis of securities. (1) In general. For an option granted or acquired on or after January 1, 2014, if the…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (1)(ii)(B) of this section, M must furnish a transfer statement to…
["Title 26", "PART 1 (selected sections)", "§ 1.1001-7 Computation of gain or loss for digital assets."]
§ 1.1001-7 Computation of gain or loss for digital assets.
§ 1.1001-7 Computation of gain or loss for digital assets. (5)(iv)(A) of this section (the facts in Example 4), except that BEX requires its payment be…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (15). (i) In general. Except as provided in paragraph (a) (15)(iv) of this section, the…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (2) are illustrated by the following example: Example.(i) In connection with a dividend reinvestment plan, Taxpayer B acquires…
["Title 26", "PART 1 (selected sections)", "§ 1.1001-7 Computation of gain or loss for digital assets."]
§ 1.1001-7 Computation of gain or loss for digital assets.
§ 1.1001-7 Computation of gain or loss for digital assets. (3) of this section, TP's amount realized on the 10 units of digital asset A is $17, which is the…
["Title 26", "PART 1 (selected sections)", "§ 1.6045B-1 Returns relating to actions affecting basis of securities."]
§ 1.6045B-1 Returns relating to actions affecting basis of securities.
§ 1.6045B-1 Returns relating to actions affecting basis of securities. (1)(i) of this section, Clearinghouse G is required to prepare an issuer report for F…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (14)(v) of this section) granted or acquired in an account on or after January 1, 2026. (I)…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (1) In general. For all specified securities, each transfer…
["Title 26", "PART 1 (selected sections)", "§ 1.6045B-1 Returns relating to actions affecting basis of securities."]
§ 1.6045B-1 Returns relating to actions affecting basis of securities.
§ 1.6045B-1 Returns relating to actions affecting basis of securities. (6) Organizational actions occurring on or after January 1, 2014, that affect the basis…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (5) Regulated investment company. (i) For purposes of this paragraph, a regulated investment company means any domestic…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (2) of this chapter), quantity of shares, units, or amounts, and…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (6)) in 2011. However, a covered security acquired in 2011 that is transferred to a dividend…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (1) of this section: Example 1.(i) In a single account with P, a…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (6) Dividend reinvestment plan—(i) In general. For purposes of this paragraph (e), the term dividend reinvestment plan means any…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (19) or elsewhere in this section may be construed to mean that a digital asset is or is not…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (1)(vii) of this section, P may furnish a single transfer statement…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (2), a real estate reporting person is considered to have actual knowledge that digital…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (11) of this section, a taxpayer may not average together the basis of identical stock held in separate accounts that the…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (6)(ii)(A), D must report adjusted basis on the transfer statement…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (24) Transaction identification. For purposes of this section, the term transaction…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (3) by taking into account one or more elections described in §…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (7)(i) of this section, the 50 shares of H Company not in the dividend reinvestment plan are not identical to the 100 shares of H…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (1) Example 1. The following persons generally are brokers within the meaning of paragraph…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (7)(ii) of this section, the shares sold are the shares first acquired. Thus, D realizes $25.25 ($1.01 * 25) long-term capital…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (4) of this section in any format or to use a code in place of one…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (22) of this section. (viii) A person who in the ordinary course of a trade or business…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (7)(v) of this section, the basis of the shares D owns when D changes from the average basis method remains the same, the basis…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (7) Transfers of borrowed securities. The transfer statement must…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (1) of this section in the absence of additional facts that indicate the person is a broker—…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (7)(i) of this section, under the average basis method, the basis of all of the shares of identical stock in D's account is…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (8) Transfers pursuant to an inheritance—(i) In general. A transfer…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (8)(i) of this section, a taxpayer may use the average basis method if the taxpayer states in writing that the taxpayer will…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (3) Example 3: Barter exchange. A, B, and C belong to a carpool in which they commute to and…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (8)(i) of this section does not apply. (iii) Subsequent transfers of…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (6) Example 6: Customer. The only customers of a depositary trust acting as an escrow agent…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (9)(ii) of this section. Example 2.(i) The facts are the same as in Example 1, except E acquires the gift shares on April 15…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (9)(i) of this section for the date of the gift to the customer. If…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (2) of this section. A taxpayer may make the average basis method election at any time, effective for sales or other dispositions…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (9)(ii) of this section, T must provide a transfer statement to U…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (10) Example 10: Covered security. F, an individual not otherwise exempt from reporting, is…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (11) Information from other parties and other accounts—(i) Transfer…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (9)(i) of this section by the earlier of one year after the taxpayer makes the election or the date of the first sale, transfer…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (1) of this chapter. (ii) Other information. A transferor is…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (7)(v) of this section. (v) Examples. The provisions of this paragraph (e) (9) are illustrated by the following examples: Example…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (2), with respect to the payments it makes to Z. Customer R seeks to purchase merchandise…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (3) of this section for the transfer must request a complete…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (9)(i) of this section. Therefore, F's notification to W on May 8, 2012, is not an effective revocation under paragraph (e)…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (14) Example 14: Processor of digital asset payments—(i) Facts. Customer S purchases goods…
["Title 26", "PART 1 (selected sections)", "§ 1.6045A-1 Statements of information required in connection with transfers of securities."]
§ 1.6045A-1 Statements of information required in connection with transfers of securities.
§ 1.6045A-1 Statements of information required in connection with transfers of securities. (1) In general. A transferor that has furnished a transfer statement…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (1)(i) of this section that a taxpayer sells, exchanges, or otherwise disposes of before January 1, 2012, applies to all…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (9)(ii)(D) of this section by receiving digital assets from one party and paying those…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (4) of this section, the shares of Q Company are not identical to the shares of P Company. Example 3.(i) The facts are the same…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (15) Example 15: Digital asset middleman and effect—(i) Facts. SBK is in the business of…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (10)(iii) of this section, the 80 shares are treated as held in a separate account from the 50 shares. H must make a separate…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (16) Example 16: Digital asset middleman and effect—(i) Facts. J, an unmarried individual…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (6)(ii) of this section, the stock purchased in 2010 is not stock acquired after December 31, 2010, in connection with a dividend…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (17) Example 17: Digital asset and cash—(i) Facts. Y is a privately held corporation that…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (7)(i) of this section, the basis of the 2011 shares must be averaged with the basis of the 2012 shares. Example 8.(i) The facts…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (18) Example 18: Broker and effect—(i) Facts. Individual J is an artist in the business of…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (9)(iii) of this section. (ii) Scope of election. A company, plan, or broker may make a single-account election for one or more…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (1) of this section because J does not effect sales of digital assets on behalf of others…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (16)) for which the company, plan, or broker has accurate basis information. (iv) Time and manner for making the single-account…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (3) of this section, CRX may treat the delivery of DE as a sale without separating the…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (11) are illustrated by the following examples: Example 1.(i) E Broker maintains Accounts A and B for Taxpayer M for the…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (8) of this section that is treated as a sale of the regulated futures contract under…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (11)(i) of this section, E may not make a single-account election for Accounts A and B because the accounts do not have the same…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (3) The United States or a State, the District of Columbia, the Commonwealth of Puerto Rico…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (11)(iii) of this section, these shares of T Company are subject to C's single-account election. Example 6.The facts are the same…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (1) of this section other than an investment adviser registered either under the Investment…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (12) Effective/applicability date. Except as otherwise provided in paragraphs (e) (1), (e) (2), (e) (7), (e) (9), and (e) (10) of…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (8)(i) of this chapter. (iii) The broker receives a properly completed exemption certificate…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (1) for special rules with respect to taxable years ending after December 31, 1963, for determining the basis for gain or loss in…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (8)(iii) of this section, a disposition of a digital asset representing information with…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (3) of this section of the digital assets received plus any allocable digital asset transaction costs as determined under…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (11) of this section, no return of information is required with respect to the sale by that…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (2)(ii)(B) and (C) of this section, the total digital asset transaction costs paid by the taxpayer in connection with an…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (12) of this section. (iv) Cash on delivery transactions. In the case of a sale of…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (4) also applies in this section for purposes of determining the fair market value of a received digital asset when it cannot be…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (3)(vi)(A) of this section for sales of shares in calendar years beginning before July 8…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (3) of this section, TP's basis in the 20 units of digital asset B received is $20, which is the sum of the fair market value of…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (3)(xiii) of this section. (D) Demand obligations that also are callable by the obligor and…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (2)(i) of this section, TP has digital asset transaction costs of $2. Under paragraph (h) (2)(ii)(B) of this section, TP must…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (7)) indicating that the security was borrowed, the broker receiving custody of the security…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (1) Digital assets not held in the custody of a broker. If a taxpayer sells, disposes of, or transfers less than all units of the…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (7) of this section. (xiii) Short-term obligations issued on or after January 1, 2014. No…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (2) Specific identification of digital assets not held in the custody of a broker. A specific identification of the units of a…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (7)) and provided the stock transfer agent does not know that the corporation is not…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (3)(ii) of this section, the basis and holding period of the units sold, disposed of, or transferred are determined by treating…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (6) of this section, to initiate the sale. B is required to make a return of information…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (1), an adequate identification occurs if, no later than the date and time of the sale, disposition, or transfer, the taxpayer…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (3)(iv) of this section, K is not required to make a return of information with respect to…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (25)(iii). The first lot transferred into TP's wallet consists of 10 units of digital asset DE, with a purchase date of January…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (1) of this section, E is considered the customer of K and L. Under paragraph (c) (3)(iv) of…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (2) of this section. TP's notation is sufficient to identify the 10 units of digital asset DE sold. Accordingly, TP has…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (4)(viii) of this section (the facts in Example 8) except that H also has an account with N…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (5)(iii)(A) of this section (the facts in Example 3) except that TP directs BEX to sell 10 units of digital asset DE but does not…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (3)(ii)(G) of this section. (xi) Example 11: Excepted sale of digital assets representing a…
["Title 26", "PART 1 (selected sections)", "§ 1.1012-1 Basis of property."]
§ 1.1012-1 Basis of property.
§ 1.1012-1 Basis of property. (3)(iii) of this section, the withheld unit of AB must be attributed to the units of AB acquired on June 30, Year 2 and held in…
["Title 26", "PART 1 (selected sections)", "§ 1.6045-1 Returns of information of brokers and barter exchanges."]
§ 1.6045-1 Returns of information of brokers and barter exchanges.
§ 1.6045-1 Returns of information of brokers and barter exchanges. (3)(iii)(B) of this section. In contrast, because HWP is the broker that credits the 100…

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