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Florida Department of Revenue
Notification of AlternativePeriod
Basis Reporting for
Communications Services TaxDR700033
N. 10/15Rule 12A19.100
Florida Administrative Code
Effective 01/16Communications
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What is basis reporting for?
Basis reporting is used to report the original cost basis of investments or assets to the IRS for tax purposes.
Who is required to file basis reporting for?
Financial institutions and brokers are required to file basis reporting for their clients or customers.
How to fill out basis reporting for?
Basis reporting is typically filled out using Form 1099-B or other relevant tax forms provided by financial institutions.
What is the purpose of basis reporting for?
The purpose of basis reporting is to ensure accurate reporting of capital gains and losses on tax returns.
What information must be reported on basis reporting for?
Information such as the original cost basis, acquisition date, and sale date of investments or assets must be reported on basis reporting forms.
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