Internal Revenue Bulletin:  2010-5 

February 1, 2010 


Table of Contents

REG-101896-09 REG-101896-09

Proposed regulations under section 6045 of the Code provide rules for stockbrokers regarding changes in the law that require them to report for certain sales the adjusted basis of the stock being sold and whether any gain or loss with respect to the sale is long-term or short-term. The regulations under section 1012 of the Code address changes in the law that alter how investors compute basis when averaging the basis of shares acquired at different prices and that expand the ability of investors to compute basis by averaging. The regulations under sections 6045A, 6045B, 6721, and 6722 of the Code address new reporting requirements imposed on issuers of securities for corporate actions that affect the securities’ basis and on brokers (including custodians and issuers of securities) for transfers of securities. A public hearing is scheduled for February 17, 2010. Rev. Rul. 67-436 obsoleted.

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