In Notice 2016-19, , 2016-09 I.R.B. ___, the IRS has again postponed the due date for basis reporting (i.e., filing Forms 8971), this time to March 31, 2016.  The notice (which is stated to be effective February 11, 2016) also states that proposed regulations will be issued “very shortly.”

For background on the new basis reporting rules and Form 8971, see “Consistent Basis Reporting Required,” “IRS Delays New Sec. 6035 Basis Reporting,” “New Basis Reporting Form,” and “Basis Reporting Form Released.”