Data / Federal rules / 2024-14004
Gross Proceeds and Basis Reporting by Brokers and Determination of Amount Realized and Basis for Digital Asset Transactions
The Internal Revenue Service published this final rule in the Federal Register on July 9, 2024. It took effect on September 9, 2024.
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What the agency says
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.
Key facts
- Document number
- 2024-14004
- Type
- Final rule
- Action
- Final regulations
- Agency
- Treasury Department; Internal Revenue Service
- Published
- July 9, 2024
- Takes effect
- September 9, 2024
- Dates
- Effective date: These regulations are effective on September 9, 2024.
- Docket
- TD 10000
- Regulation ID (RIN)
- 1545-BP71
- Code of Federal Regulations
- 26 CFR 1; 26 CFR 31; 26 CFR 301
- Topics
- Employment taxes; Estate taxes; Excise taxes; Gift taxes; Income taxes; Penalties; Pensions; Railroad retirement; Reporting and recordkeeping requirements; Social security; Unemployment compensation
- Significant
- Yes, under Executive Order 12866
- Pages
- 104
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Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.