Tax Basis Reporting
IRS Form 8937 provides information concerning a security subject to a corporate event which affects the tax basis of that security. OCC is required by Internal Revenue Code Section 6045B to publish an IRS Form 8937 for any equity option or security futures contract adjustment in which the number of contracts is increased. These adjustments typically occur is response to integer splits or distributions (e.g., 2:1, 3:1). OCC is not required to publish a Form 8937 for non-integer splits (e.g., 3:2, 4:3, reverse splits) where the contract adjustment does not affect the number of contracts.
Options
| Information Memo | Symbol | Underlying Issuer and Action | Effect on Number of Contracts | Basis in Each Replacement Contract* | Effective Date | Tax Form |
|---|---|---|---|---|---|---|
| 51629 | EFAX | SPDR MSCI EAFE Fossil Fuel Reserves Free ETF - 2 For 1 Stock Split | Doubled | 50.00% | 01/12/23 | Form 8937 |
| 51631 | EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF - 2 For 1 Stock Split | Doubled | 50.00% | 01/12/23 | Form 8937 |
| 51630 | SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF - 3 For 1 Stock Split | Tripled | 33.33% | 01/12/23 | Form 8937 |
| 51632 | HYMB | SPDR Nuveen Bloomberg High Yield Municipal Bond ETF - 2 For 1 Stock Split | Doubled | 50.00% | 01/12/23 | Form 8937 |
* As % or fraction of prior basis per contract
Futures
There are no records for this time period.