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Title 26 — Internal Revenue CodeRelease 119-73

§6045B Returns relating to actions affecting basis of specified securities

Title 26 › Subtitle Subtitle F— - Procedure and Administration › Chapter CHAPTER 61— - INFORMATION AND RETURNS › Subchapter Subchapter A— - Returns and Records › Part PART III— - INFORMATION RETURNS › Subpart Subpart B— - Information Concerning Transactions With Other Persons › § 6045B

Last updated Apr 6, 2026|Official source

Summary

Issuers of specified securities must file a report, using forms or rules the Secretary creates, that explains any corporate action that changes the security’s tax basis, shows how much the basis changes, and gives any other information the Secretary requires. The report must be filed by the earlier of 45 days after the action or January 15 of the next year. Issuers must also give a written statement to the nominee (or the certificate holder if there is no nominee) with a contact name, address, and phone number, the same information on the report, and any other required details. Specified security is defined in 6045(g)(3)(B). No report is needed for actions before the applicable date in 6045(g)(3)(C). The Secretary can waive the filing and statement rules if the issuer makes the contact info (including email) and the report information publicly available in the form the Secretary requires.

Full Legal Text

Title 26, §6045B

Internal Revenue Code — Source: USLM XML via OLRC

(a)According to the forms or regulations prescribed by the Secretary, any issuer of a specified security shall make a return setting forth—
(1)a description of any organizational action which affects the basis of such specified security of such issuer,
(2)the quantitative effect on the basis of such specified security resulting from such action, and
(3)such other information as the Secretary may prescribe.
(b)Any return required by subsection (a) shall be filed not later than the earlier of—
(1)45 days after the date of the action described in subsection (a), or
(2)January 15 of the year following the calendar year during which such action occurred.
(c)According to the forms or regulations prescribed by the Secretary, every person required to make a return under subsection (a) with respect to a specified security shall furnish to the nominee with respect to the specified security (or certificate holder if there is no nominee) a written statement showing—
(1)the name, address, and phone number of the information contact of the person required to make such return,
(2)the information required to be shown on such return with respect to such security, and
(3)such other information as the Secretary may prescribe.
(d)For purposes of this section, the term “specified security” has the meaning given such term by section 6045(g)(3)(B). No return shall be required under this section with respect to actions described in subsection (a) with respect to a specified security which occur before the applicable date (as defined in section 6045(g)(3)(C)) with respect to such security.
(e)The Secretary may waive the requirements under subsections (a) and (c) with respect to a specified security, if the person required to make the return under subsection (a) makes publicly available, in such form and manner as the Secretary determines necessary to carry out the purposes of this section—
(1)the name, address, phone number, and email address of the information contact of such person, and
(2)the information described in paragraphs (1), (2), and (3) of subsection (a).

Legislative History

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Effective Date

Section 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.

Reference

Citations & Metadata

Citation

26 U.S.C. § 6045B

Title 26 — Internal Revenue Code

Last Updated

Apr 6, 2026

Release point: 119-73