2021 US Code
Title 26 - Internal Revenue Code
Subtitle F - Procedure and Administration
Chapter 61 - Information and Returns
Subchapter A - Returns and Records
Part III - Information Returns
Subpart B - Information Concerning Transactions With Other Persons
Sec. 6045A - Information required in connection with transfers of covered securities to brokers
26 U.S.C. § 6045A (2021) |
§6045A. Information required in connection with transfers of covered securities to brokers |
(a) Furnishing of information
Every applicable person which transfers to a broker (as defined in section 6045(c)(1)) a security which is 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 personFor 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. 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. |
(Added Pub. L. 110–343, div. B, title IV, §403(c)(1), Oct. 3, 2008, 122 Stat. 3858; amended Pub. L. 117–58, div. H, title VI, §80603(b)(2)(A), Nov. 15, 2021, 135 Stat. 1340.) |
Amendment of Section
Pub. L. 117–58, div. H, title VI, §80603(b)(2)(A), (c), Nov. 15, 2021, 135 Stat. 1340, 1341, provided that, applicable to returns required to be filed, and statements required to be furnished, after Dec. 31, 2023, this section is amended— (1) in subsection (a), by striking "a security which is", and (2) by adding at the end the following: "(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)." See 2021 Amendment notes below. EDITORIAL NOTES AMENDMENTS 2021—Subsec. (a). Pub. L. 117–58, §80603(b)(2)(A)(i), struck out "a security which is" after "section 6045(c)(1))". Subsec. (d). Pub. L. 117–58, §80603(b)(2)(A)(ii), added subsec. (d). STATUTORY NOTES AND RELATED SUBSIDIARIES EFFECTIVE DATE OF 2021 AMENDMENT Amendment by Pub. L. 117–58 applicable to returns required to be filed, and statements required to be furnished, after Dec. 31, 2023, see section 80603(c) of Pub. L. 117–58, set out as a note under section 6045 of this title. EFFECTIVE DATESection effective Jan. 1, 2011, see section 403(e)(1) of Pub. L. 110–343, set out as an Effective Date of 2008 Amendment note under section 1012 of this title. |
United States Code, 2018 Edition, Supplement 3, Title 26 - INTERNAL REVENUE CODE |
Bills and Statutes |
United States Code |
Y 1.2/5: |
Title 26 - INTERNAL REVENUE CODE Subtitle F - Procedure and Administration CHAPTER 61 - INFORMATION AND RETURNS Subchapter A - Returns and Records PART III - INFORMATION RETURNS Subpart B - Information Concerning Transactions With Other Persons Sec. 6045A - Information required in connection with transfers of covered securities to brokers |
section 6045A |
2021 |
January 3, 2022 |
No |
standard |
122 Stat. 3858 135 Stat. 1340 |
Public Law 110-343, Public Law 117-58 |