The IRS issued amendments (T.D. 9713) to the regulations under Section 6045A to delay until 2016 the new broker basis and premium reporting requirements that apply to transfers of debt instruments.
Under Section 6045A, a broker must report certain information relating to a transfer of a debt instrument that is a covered security on a transfer statement. As originally issued, requirements related to new basis and premium reporting under Treas. Reg. Sec. 1.6045A-1T(f) were to apply to transfers that occurred on or after June 30, 2015. However, the IRS amended Treas. Reg. Sec. 1.6045A-1T(f) to apply to transfers that occur on or after Jan. 1, 2016.
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