H.R.878 - Simplification Through Additional Reporting Tax Act of 2007
To amend the Internal Revenue Code of 1986 to require broker reporting of customer's basis in securities transactions, and for other purposes.
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Official Summary
2/7/2007--Introduced.
Simplification Through Additional Reporting Tax Act of 2007 - Amends the Internal Revenue Code to include within the reporting requirements of investment brokers the adjusted basis of any security owned by customers of such brokers.