TD 8649, Netting Rule for Certain Conversion Transactions

OMB 1545-1452

OMB 1545-1452

Section 1258 recharacterizes capital gains from conversion transactions as ordinary income to the extent of the time value element. This regulation provides that certain gains and losses may be netted for purposes of determining the amount of gain recharacterized.

The latest form for TD 8649, Netting Rule for Certain Conversion Transactions expires 2023-02-28 and can be found here.


© 2024 OMB.report | Privacy Policy