IRS Broker Information Reporting & Cost Basis
Broker gross-proceeds and cost-basis reporting, transfer statements, wash-sale adjustments and backup withholding for custodians and broker-dealers.
- Issued by
- Internal Revenue Service
- Applies in
- United States
- Edition
- 26 CFR as of September 2026; 2026 Form 1099-B instructions
- Area
- Tax transparency & substance
What an assessor reads first.
The headline requirements in Amoreg’s catalogue, in the issuer’s own numbering where it has one. They are where a review starts, not a transcription of the text.
- 1.6045-1Report gross proceeds and adjusted basis of covered securities on Form 1099-B and furnish payee statementsInformation reporting
- 1.6045A-1Furnish basis transfer statements to the receiving broker within 15 days of a transferCost basis
- 1.6045B-1Apply issuer organizational-action (Form 8937) basis adjustmentsCost basis
- 1.1012-1Apply lot-identification method (FIFO default, specific ID, average basis) consistentlyCost basis
- 1.1091-1Track wash sales and adjust basis and holding period of replacement sharesCost basis
- 31.3406(a)-1Backup withhold on reportable payments for missing or incorrect TINsWithholding
- Pub 1281Process CP2100 B-notices and solicit corrected TINs on scheduleWithholding
- 301.6721-1File correct information returns on time electronically (IRIS/FIRE) and correct errorsFiling
How Amoreg keeps you on it.
Enable the IRS Broker Information Reporting & Cost Basis and add Internal Revenue Service’s pages as a monitor of your own. Every publication it records keeps its source, stage and date.
Inspector reads your policies against these 8 requirements every week and opens a finding wherever one falls short, citing the rule and drafting the fix. A person decides what is applied.
Each week
- Read Internal Revenue Service’s pages
- Check the library against 8 requirements
- Open findings with drafted fixes
- Wait for a person to decide
Policy does not yet set out: report gross proceeds and adjusted basis of covered securities on Form 1099-B and furnish payee statements
- Rule
- IRS Broker Information Reporting & Cost Basis, 1.6045-1
- Area
- Information reporting
- Proposed by
- Inspector
- Decided by
- A named person, once reviewed
The same ground, elsewhere.
- OECD Common Reporting StandardAutomatic exchange of financial account information, extended to digital assets and e-money.Global · 4 controls
- Economic Substance (Crown Dependencies & Overseas Territories)Substance requirements for relevant activities under the EU Code of Conduct Group commitments.Crown Dependencies & Overseas Territories · 4 controls
- DAC6 & OECD Mandatory Disclosure RulesReporting of cross-border arrangements bearing hallmarks, and CRS avoidance arrangements.European Union / Global · 3 controls
Also in United States
- US Bank Secrecy Act / FinCEN AML ProgramBSA AML programme requirements: the pillars, CDD rule, SAR/CTR reporting and beneficial ownership.United States · 6 controls
- OFAC Sanctions Compliance ProgramThe five essential components of an effective sanctions compliance programme.United States · 5 controls
- US Foreign Corrupt Practices ActAnti-bribery and books-and-records provisions, assessed against the DOJ's Evaluation of Corporate Compliance Programs.United States · 4 controls
- GLBA Safeguards RuleThe information security programme financial institutions must maintain for customer information.United States · 5 controls
- NIST Cybersecurity Framework 2.0Six functions for managing cybersecurity risk, now including Govern.United States / Global · 6 controls
- NYDFS Cybersecurity Regulation (23 NYCRR 500)Cybersecurity requirements for DFS-licensed entities, with CISO, MFA, annual certification and 72-hour notice.United States — New York · 6 controls
Questions
Does Amoreg watch for changes to the IRS Broker Information Reporting & Cost Basis?
Enable it and add the issuer’s pages as a monitor of your own. Every publication the Monitor records keeps its source, stage and date.
Can Amoreg check our policies against the IRS Broker Information Reporting & Cost Basis?
Yes. Inspector reads your library against its requirements every week and opens a finding, with the rule it cites and a proposed fix, wherever a policy falls short. A person decides what is applied.
Which edition does Amoreg use?
The catalogue records 26 CFR as of September 2026; 2026 Form 1099-B instructions. Editions were last verified in August 2026, and the Monitor records new publications as they appear.