Rev. Proc. 2013-11 - Reportable transactions and certain losses not to be taken into account under disclosure rules 

December 6:  The IRS today released an advance copy of Rev. Proc. 2013-11 which provides that certain losses are not to be taken into account in determining whether a transaction is a reportable transaction for purposes of the disclosure rules under Reg. section 1.6011-4(b)(5).

Rev. Proc. 2013-11 [PDF 30 KB] notes, however, that the subject transactions may be reportable transactions for purposes of the disclosure rules under Reg. section 1.6011-4(b)(2), (b)(3), (b)(4), (b)(6), or (b)(7).


Rev. Proc. 2013-11 is effective December 6, 2012.


  • Rev. Proc. 2013-11 applies (except for losses recognized by certain banks with respect to section 988 transactions) to transactions that were entered into on or after January 1, 2003.
  • For losses recognized by certain banks with respect to section 988 transactions, Rev. Proc. 2013-11 applies to losses recognized on or after December 6, 2012.



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