Treasury Regulations (26 C.F.R.)
26 CFR § 1.6049(d)-5T
Reporting by brokers of interest and original issue discount on and after January 1, 1986 (temporary).
For purposes of § 1.6049-5 (c), relating to original issue discount treated as interest subject to reporting, on and after January 1, 1986, a payor who is a broker or middleman holding as a nominee—
# (a)
A bank certificate of deposit (without regard to whether the broker or middleman sold the certificate of deposit to the owner), or
# (b)
Any other original issue discount debt instrument that is specified by the Commissioner,
must determine whether that obligation is one that was issued at a discount and the amount of discount that is includible in the income of the owner. However, before January 1, 1987, reporting is required only with respect to certificates of deposit (or any such other obligations) held by a broker or middleman as a nominee on or after June 1, 1986, that were sold by the broker or middleman (whether for the broker's account or as an agent of the issuer) to the owner. The preceding two sentences do not apply to certificates of deposit (or any such other obligations) held on or after January 1, 1986, but disposed of before June 1, 1986; reporting requirements with respect to such certificates of deposit (or any other such obligations) shall be determined under the provisions of § 1.6049-5 (c) as in effect immediately prior to publication of this § 1.6049-5T.
[T.D. 8109, 51 FR 45106, Dec. 17, 1986. Redesignated by T.D. 9658, 79 FR 12800, Mar. 6, 2014]
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In this part (40 sections)
- 1.6044-5 · Statements to recipients of patronage dividends.
- 1.6045-0 · Table of contents.
- 1.6045-1 · Returns of information of brokers and barter exchanges.
- 1.6045-2 · Furnishing statement required with respect to certain…
- 1.6045-3 · Information reporting for an acquisition of control or a…
- 1.6045-4 · Information reporting on real estate transactions.
- 1.6045-5 · Information reporting on payments to attorneys.
- 1.6045A-1 · Statements of information required in connection with…
- 1.6045B-1 · Returns relating to actions affecting basis of securities.
- 1.6046-1 · Returns as to organization or reorganization of foreign…
- 1.6046A-1 · Return requirement for United States persons who acquire or…
- 1.6046-2 · Returns as to foreign corporations which are created or…
- 1.6046-3 · Returns as to formation or reorganization of foreign…
- 1.6047-1 · Information to be furnished with regard to employee…
- 1.6047-2 · Information relating to qualifying longevity annuity…
- 1.6049-1 · Returns of information as to interest paid in calendar years…
- 1.6049-2 · Interest and original issue discount subject to reporting in…
- 1.6049-3 · Statements to recipients of interest payments and holders of…
- 1.6049-4 · Return of information as to interest paid and original issue…
- 1.6049-5 · Interest and original issue discount subject to reporting…
- 1.6049(d)-5T · Reporting by brokers of interest and original issue…
- 1.6049-6 · Statements to recipients of interest payments and holders of…
- 1.6049-7 · Returns of information with respect to REMIC regular…
- 1.6049-8 · Interest and original issue discount paid to certain…
- 1.6049-9 · Premium subject to reporting for a debt instrument acquired…
- 1.6049-10 · Reporting of original issue discount on a tax-exempt…
- 1.6050A-1 · Reporting requirements of certain fishing boat operators.
- 1.6050B-1 · Information returns by person making unemployment…
- 1.6050D-1 · Information returns relating to energy grants and financing.
- 1.6050E-1 · Reporting of State and local income tax refunds.
- 1.6050H-0 · Table of contents.
- 1.6050H-1 · Information reporting of mortgage interest received in a…
- 1.6050H-2 · Time, form, and manner of reporting interest received on…
- 1.6050H-3 · Information reporting of mortgage insurance premiums.
- 1.6050I-0 · Table of contents.
- 1.6050I-1 · Returns relating to cash in excess of $10,000 received in a…
- 1.6050I-2 · Returns relating to cash in excess of $10,000 received as…
- 1.6050J-1T · Questions and answers concerning information returns…
- 1.6050K-1 · Returns relating to sales or exchanges of certain…
- 1.6050L-1 · Information return by donees relating to certain…