# Basis Reporting by Securities Brokers and Basis Determination for Stock
> **IRS** · Final regulations. · Published 2010-10-18 · Effective 2010-10-18 · 75 FR 64072
## Document
- **Document number:** 2010-25504
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 75 FR 64072
- **CFR reference:** 26 CFR 1
- **Publication date:** 2010-10-18
- **Effective date:** 2010-10-18
- **Treasury docket:** TD 9504
## Abstract

This document contains final regulations on broker reporting of sales of securities and on the basis of securities. These final regulations reflect amendments under the Energy Improvement and Extension Act of 2008 that require brokers to report a customer's adjusted basis in sold securities and classify gain or loss as long- term or short-term, and that allow taxpayers to compute the basis of certain stock by averaging. The regulations affect brokers and custodians that make sales or transfer securities on behalf of customers, issuers of securities, and taxpayers that purchase or sell securities. The regulations also reflect amendments that provide brokers and others until February 15 to furnish certain information statements to customers.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2010/10/18/2010-25504/basis-reporting-by-securities-brokers-and-basis-determination-for-stock)
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