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© SEI 2022 For Intermediary Use Only. Do Not Distribute. 11 Tax Forms - SPTC will provide PDF copies of the tax forms to the Advisor on www.SEIAdvisorCenter.com. The Advisor will not receive a paper copy. Forms can be accessed online in the Tax Documents library for the client or account. Tax forms for the 2018-2021 tax year are also available online. Annual Tax Information Statement – For assistance in the preparation of personal income tax returns, SPTC provides your clients with a detailed Tax Information Statement for each taxable account. This statement will be part of the 1099 tax form document and summarizes all transactions and the associated tax implications for the 2022 tax year. When combined with Forms 1099-DIV, 1099-INT, 1099-OID and 1099- B, the Tax Information Statement provides the information required for completing applicable sections of Form 1040 Schedule A, Schedule B, and Schedule D, including income posted to an account, taxes withheld, sale transaction proceeds, and gain/loss information. Cost basis information for covered securities will be included on the tax form and transmitted to the IRS. Your clients are encouraged to verify cost basis and holding period information against their records. For each taxable account, you can review an online copy of the Tax Information Statement that is sent to your clients on the www.SEIAdvisorCenter.com. Note: There is no Tax Information Statement generated for Form 1099-R and Form 5498. SPTC Tax Guides – In addition to this FAQ, there are several SPTC Tax Guides which provide important year-end tax reporting information for accounts custodied at SPTC. These include the Nov Year-End preparation and Tax Process Update, the Year-End Calendar, and the Quick Reference Schedule. The Tax Guides are provided to help your clients and their tax preparers complete and file 2022 individual income tax returns. SPTC encourages you to review the various SPTC Tax Guides and use them as a reference for your clients and their tax preparers. These guides are made available to you online on the Advisor Desktop website www.SEIAdvisorCenter.com. Form 5498 will be available on the website by January 31, 2023. Any clients making a prior year contribution for tax year 2022 after January 12 2023 will receive a revised 5498 issued in May 2023. IRA owners do not need their final 5498 to file. The 5498 will also include the IRA's Fair Market Value (FMV) information and notification to RMD eligible clients that they may need to take an RMD for 2023. H. When should my client file their 2022 tax return with the IRS? In general, your clients should consult with their tax preparer to determine when they should file their 2022 tax returns. Your clients may continue to receive tax information through mid-March, so they should consider filing their 2022 tax return after March 31, 20XY, to allow for the receipt of all necessary and finalized tax information for the 20XX tax year. If you have a client who owns a taxable account and the account is invested in a limited partnership, hedge fund, or other investment that issues a Schedule K-1 (Form 1065), your client should consider filing an extension for their 20XX tax return. A Schedule K-1 (Form 1065) is used to report the shareholder's portion of the Companies income, deductions, credits, etc, and information provided on the K-1 must to be reported on an investor's tax return. However the deadline for the company to issue the K-1 is March 15, so the K-1 tax form may not be received until close to April 15 of each year. The K-1 will be provided directly to your client(s) by the asset company and it is not produced by or included in the SPTC tax form. If you have any questions regarding a specific K-1 tax form, please visit www.TaxPackageSupport.com I. What tax reporting does SPTC provide for Personal Trust Services (PTS) accounts where SPTC is acting as Agent for the Trustee, Trustee or Co-trustee? In late February and through March, for taxable or charitable trust accounts where SPTC is serving as Agent for the Trustee, tax returns are prepared by Ernst and Young and issued to the individual Trustee(s) by SPTC's Personal Trust Services team. The Trustee(s) must review, sign, submit tax payment if applicable, and file the tax returns with the IRS and state tax authority, if applicable. A Schedule K-1 is sent separately to the beneficiary to report their share of trust income, credits, deductions, etc. on their personal income tax returns. A cover letter is sent to the Trustee as part of the tax return package and includes detailed instructions on the signing and filing of the returns. Taxable Trust Tax Forms:

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