Transcription of Final Cost Basis Regulations Released on Debt …
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COPYRIGHT 2013 COKALA TAX INFORMATION REPORTING SOLUTIONS, LLC 1 COKALA Tax Information Reporting Solutions, llc PO Box 2224 Ann Arbor, MI 48106 telephone fax website Final Cost Basis Regulations Released on Debt Instruments and Option Reporting; Temporary Regulations Change Interest and OID Reporting On April 17, 2013, the IRS Released Final Regulations on cost Basis reporting for debt instruments and the reporting of options that are for the most part effective for 2014 consistent with promises made in Notice 2012-34, 2012-21 IRB 937. However, for more sophisticated securities listed in the Regulations and for transfer statements, a phase-in was established over the subsequent one to two years.
COPYRIGHT 2013 COKALA TAX INFORMATION REPORTING SOLUTIONS, LLC 2 . applicable, at the spot rate (as defined in Reg. § 1.988 …
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