{"abstract":"This document contains final regulations regarding information reporting and the determination of amount realized and basis for certain digital asset sales and exchanges. The final regulations require brokers to file information returns and furnish payee statements reporting gross proceeds and adjusted basis on dispositions of digital assets effected for customers in certain sale or exchange transactions. These final regulations also require real estate reporting persons to file information returns and furnish payee statements with respect to real estate purchasers who use digital assets to acquire real estate.","action":"Final regulations.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2024/07/09/2024-14004.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"1","title":26},{"chapter":null,"citation_url":null,"part":"31","title":26},{"chapter":null,"citation_url":null,"part":"301","title":26}],"citation":"89 FR 56480","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective date: These regulations are effective on September 9, 2024.","disposition_notes":null,"docket_ids":["TD 10000"],"dockets":[{"supporting_documents":[{"title":"Public Hearing Agenda - 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REG-122793-19","document_id":"IRS-2023-0041-39679"}],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BP71/returns-of-information-of-brokers-in-virtual-currency-transactions","title":"Returns of Information of Brokers in Virtual Currency Transactions"},"comments_count":0,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2023-0041","supporting_documents_count":1,"docket_id":"IRS-2023-0041","document_id":"IRS-2023-0041-44835","regulation_id_number":"1545-BP71","title":"Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions (REG-122793-19)","checked_regulationsdotgov_at":"2024-07-10T14:00:39Z"},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":56480,"subtype":null,"title":"Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions","toc_doc":"Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions","toc_subject":null,"topics":["Employment taxes","Estate taxes","Excise taxes","Gift taxes","Income taxes","Penalties","Pensions","Railroad retirement","Reporting and recordkeeping requirements","Social security","Unemployment compensation"],"type":"Rule","volume":89}