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Tax Basis Reporting - 2020

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
46560 TU Telus Corporation Doubled 50.00% 03/18/2020 Form 8937
46650 GASX Direxion Daily Natural Gas Related Bear 3X Shares x10 10.00% 03/27/2020 Form 8937
46651 DRIP Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Share x12 8.33% 03/27/2020 Form 8937

* As % or fraction of prior basis per contract

Futures

There are no records for this time period.