# 2026-00335: IRS Asks Input on Netting Rules for Financial Deals

2026-00335, Agency Information Collection Activities; Comment Request on TD 8649, Netting Rule for Certain Conversion Transactions, is a Federal Register notice from Treasury Department, Internal Revenue Service published 2026-01-12, effective Written comments should be received on or before March 13, 2026 to be assured of consideration. (as of 2026-06-08).

- Canonical: https://policyrisk.com/federal-register/2026-00335
- As of: 2026-06-08
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-00335
- Title: Agency Information Collection Activities; Comment Request on TD 8649, Netting Rule for Certain Conversion Transactions
- Type: Notice
- Agencies: Treasury Department; Internal Revenue Service
- Citation: 91 FR 1237
- Published: 2026-01-12
- Effective: Written comments should be received on or before March 13, 2026 to be assured of consideration.
- Comments close: 2026-03-13
- Significant: no
- Touches household money: no
- Regulation identifier numbers: none
- Last updated: 2026-06-08

## In one line

IRS Asks Input on Netting Rules for Financial Deals

## Summary

The IRS wants your thoughts on a new rule about how certain financial deals are reported, called the Netting Rule for Conversion Transactions. This affects people and businesses involved in these deals by changing how they report info to the IRS, aiming to make things clearer and easier. Comments are open until March 13, 2026, so don’t miss your chance to weigh in!

## Abstract

In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in this notice.

## Effects PRIA read

- Netting relief for conversion gains: benefit, low. Treasury Regulation section 1.1258-1 allows certain gains and losses from conversion transactions to be netted when determining how much capital gain is recharacterized under Internal Revenue Code section 1258. If you are involved in conversion transactions, this netting rule changes how the amount…
- Recordkeeping required to get netting relief: cost, low. To be eligible for netting relief, a taxpayer must identify on its books and records all positions that are part of the conversion transaction before the close of the day on which the positions become part of the conversion transaction. The IRS estimates 50,000 responses, about 6 minutes per respon…

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## Sources
- [2026-00335 on federalregister.gov](https://www.federalregister.gov/documents/2026/01/12/2026-00335/agency-information-collection-activities-comment-request-on-td-8649-netting-rule-for-certain)
- [2026-00335 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-01-12/pdf/2026-00335.pdf)

## Related
- [Previous: 2026-00334, Agency Information Collection Activities: Comment on Return of Excise Taxes Rel…](https://policyrisk.com/federal-register/2026-00334)
- [Next: 2026-00336, Agency Information Collection Activities; Submission for OMB Review; Comment Re…](https://policyrisk.com/federal-register/2026-00336)
- [All Federal Register documents](https://policyrisk.com/federal-register)

Source: PRIA, https://policyrisk.com/federal-register/2026-00335 (as of 2026-06-08).