ICI - Institute Submits Additional Comments on Proposed Cost Basis Reporting Requirements: "RE: INSTITUTE SUBMITS ADDITIONAL COMMENTS ON PROPOSED COST BASIS REPORTING REQUIREMENTS
The Institute has submitted additional comments (attached) to the Internal Revenue Service (the “IRS”) and the Treasury Department on the proposed regulations on cost basis reporting. [1] Specifically, the Institute urges the IRS and Treasury Department to adopt workable default rules for gifted and inherited shares."
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