Broker.
Broker. Broker is defined in section 6045(c)(1) and 1.6045-1(a)(1) of this chapter. If there could be more than one broker with respect to any acquisition, only the broker having the closest contact (as determined under 1.6045-1(c)(3)(iii) and (iv) of this chapter) with the payee is treated as a broker. In the case of any instrument, the term broker does not include any person who is the payor with respect to the instrument as described in 31.3406(a)-2.
is defined in section 6045(c)(1) and 1.6045-1(a)(1)of this chapter. If there could be more than one broker with respect to any acquisition, only the broker having the closest contact (as determined under 1.6045-1(c)(3)(iii) and (iv) of this chapter) with the payee is treated as a broker. In the case of any instrument, the termbrokerdoes not include any person who is the payor with respect to the instrument as described in 31.3406(a)-2.