Memo #
34348

UPDATE: 2022 Year-End Reporting Primary Layout and Instructions
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[34348]

November 11, 2022

TO: ICI Members
Bank, Trust and Retirement Advisory Committee
Bank-Affiliated Member Advisory Committee
Broker-Dealer Advisory Committee
Closed-End Investment Company Committee
Operations Committee
Tax Committee
Transfer Agent Advisory Committee SUBJECTS: Fund Accounting & Financial Reporting
Tax RE: UPDATE: 2022 Year-End Reporting Primary Layout and Instructions

 

The 2022 Primary Layout and Instructions have been updated to account for the new "FATCA filing requirement" checkbox that has been assigned box number 11. Subsequently, Form 1099-DIV box numbers 11 through 15 have been renumbered 12 through 16, respectively.

Accordingly, the 2022 Primary Layout, Column 30 "Box 11 Exempt Interest Dividends" has been updated to reflect this change. Specifically, Column 30 now reads: "Box 12 Exempt Interest Dividends." The 2022 Primary Instructions references in paragraphs 23 and 24 to Box 11 and Box 12 have been modified to reference Box 12 and Box 13, respectively.

The updated Primary Layout and Instructions (with a compare to the previous version) can be found on the Institute's website here: https://www.ici.org/year-end-tax-reporting

 

Katie Sunderland
Assistant General Counsel

    Attachments

    34348a.pdf
    34348b.pdf
    34348c.xls

    Tags

    Fund Accounting & Financial Reporting
    Taxes