§ 1.6045A-1T - Statements of information required in connection with transfers of securities (temporary).

(a) through (d) [Reserved.] For further guidance, see §1.6045A-1(a) through (d).

(e) Section 1256 options—(1) In general. A transferor of an option described in §1.6045-1(m)(3) (section 1256 option) is required to furnish to the receiving broker a transfer statement for a transfer that occurs on or after January 1, 2016. The transfer statement must include the information described in §1.6045A-1(b) and paragraph (e)(2) of this section for a section 1256 option that is a covered security or in §1.6045A-1(b) for a section 1256 option that is a noncovered security.

(2) Additional information required for a section 1256 option. In addition to the information required in §1.6045A-1(b), the following information is required for a transfer of a section 1256 option that is a covered security:

(i) The original basis of the option; and

(ii) The fair market value of the option as of the end of the prior calendar year.

(f) Additional information required for a debt instrument. In addition to the information required in §1.6045A-1(b)(3) for a transfer of a debt instrument that is a covered security, the transferor must provide the last date on or before the transfer date that the transferor made an adjustment for a particular item (for example, the last date on or before the transfer date that bond premium was amortized). This paragraph (f) applies to a transfer that occurs on or after January 1, 2016. A broker, however, may rely on this paragraph (f) for a transfer of a covered security that occurs on or after June 30, 2015, and before January 1, 2016.

(g) Expiration date. The applicability of this section expires on or before March 12, 2018.

[T.D. 9713, 80 FR 13238, Mar. 13, 2015, as amended at 80 FR 31996, June 5, 2015]