12 2 STA T .3857PUBLIC LA W 11 0– 3 4 3 —O CT. 3 , 2008 Februa r y15ofth e year fo l lo wing the c alen d ar year in which the p ay m ent wa s made .’ ’. (C)OTHERS T A TE M E N TS. —S ubsection (b) of section 604 5 is amended by adding at the end the following
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‘ I n the case of a consolidated reporting statement (as defined in regulations) with respect to any customer , any statement which would otherwise be re q uired to be furnished on or before J anuary 3 1 of a calendar year with respect to any item reportable to the ta x payer shall instead be required to be furnished on or before February 15 of such calendar year if furnished with such consolidated reporting statement.’’. (b) D ETERM I NATI O NO FB ASIS OF CERTAIN SE CU RITIES ON A CCOUNT BY ACCOUNT OR A V ERA G E BASIS M ETHO D .—Section 101 2 is amended— (1) by stri k ing ‘‘ T he basis of property’’ and inserting the following: ‘‘(a) IN G ENERA L .—The basis of property’’, (2) by striking ‘‘The cost of real property’’ and inserting the following: ‘‘(b) S P ECIAL R ULE FOR APPORTIONED REAL E STATE TA X ES.— The cost of real property’’, and (3) by adding at the end the following new subsections: ‘‘(c) DETERMINATIONS BY ACCOUNT.— ‘‘(1) IN GENERAL.—In the case of the sale, exchange, or other disposition of a specified security on or after the applicable date, the con v entions prescribed by regulations under this sec - tion shall be applied on an account by account basis. ‘‘(2) APPLICATION TO CERTAIN FUNDS.— ‘‘(A) IN GENERAL.—Except as provided in subparagraph (B), any stock for which an average basis method is permis- sible under section 1012 which is acquired before January 1, 2012, shall be treated as a separate account from any such stock acquired on or after such date. ‘‘(B) ELECTION FUND FOR TREATMENT AS SINGLE ACCOUNT.—If a fund described in subparagraph (A) elects to have this subparagraph apply with respect to one or more of its stockholders— ‘‘(i) subparagraph (A) shall not apply with respect to any stock in such fund held by such stockholders, and ‘‘(ii) all stock in such fund which is held by such stockholders shall be treated as covered securities described in section 6045(g)(3) without regard to the date of the acquisition of such stock. A rule similar to the rule of the preceding sentence shall apply with respect to a broker holding such stock as a nominee. ‘‘(3) DEFINITIONS.—For purposes of this section, the terms ‘specified security’ and ‘applicable date’ shall have the meaning given such terms in section 6045(g). ‘‘(d) AVERAGE BASIS FOR STOC K AC Q UIRED P URSUANT TO A DIVI- DEND REINVESTMENT PLAN.— ‘‘(1) IN GENERAL.—In the case of any stock acquired after December 31, 2010, in connection with a dividend reinvestment plan, the basis of such stock while held as part of such plan Deadlin e .26USC 6 045 .
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