Finanse publiczne · 18/04/2013

SEC Finalizes Regulations for Reporting by Securities Brokers on Debt Instruments and Options

The Securities and Exchange Commission has released final regulations requiring brokers to report the sale of securities, including debt instruments and options, to the IRS, including the customer's adjusted basis and classification of gains and losses as long-term or short-term. The regulations also require reporting of gross proceeds from certain options and implement new rules for transferring debt instruments or options to another broker.