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© 2023 SEI 2 2022 Tax Reporting Process SPTC will provide you with a detailed communications specific to the 2022 tax reporting process. The content of the 2022 Tax Reporting Process Communication is designed to provide you with the information that you may need to assist your clients once they have received the 2022 SPTC Tax Packages. In February 2023, the following tax-related information will be available and will cover topics such as: › Frequently Asked Questions on the 1099 forms › Information on the Return of Capital Reclassification (ROCR) done on SEI Mutual Funds › Dividend Income breakdown by state for certain SEI Mutual Funds › SPTC Personal Trust Services Tax Reporting (For accounts the SPTC's Personal Trust Program) The SPTC 2022 Tax Packages that will be mailed to your clients will include: › IRS Form(s) 1099 (as applicable) › IRS Form 5498 for IRA account owners, along with a Fair Market Value (FMV) statement and a notification of RMD for applicable accounts. › An attached tax information statement providing detailed information on sales, dividends, interest, and other important taxable account transactions. If there are other topics that you would like to suggest be included in this communication, please submit those suggestions through your SPTC service team at (800) 734-1003. Dates for 1099 Series Tax Forms All 1099-R forms and 5498s will be available online at the end of January. The 1099 Composite 'DIOB' forms will be available throughout February and March and can include the following: › 1099-B, Proceeds from Broker and Barter Exchange Transactions › 1099-DIV, Dividends and Distributions › 1099-INT, Interest Income › 1099-OID, Original Issue Discount › 1099-MISC, Royalty Income SEI Private Trust Company will mail all tax forms per the 2022 Year-End Tax Calendar. Please note, if the account has less than $10 of taxable transactions, it will not generate a 1099 Form per IRS regulations. SEI Private Trust Company will produce and postmark four waves of 1099DIOB forms for 2022. SPTC will produce a 1099 'DIOB' for an account once we have received the final ROC factors and IR factors for the entirety of the holdings within the account. If an asset issuer provides the factors later in February, the clients 1099DIOB will be held until the final information is provided to SPTC. Generally, all 1099DIOB's will be mailed by February 28. The only exception to the February 28 mailing for 1099-Composite forms will be for accounts that hold WHFITS (Widely Held Fixed Investment Trusts). As with prior years, accounts holding these investments could have their tax forms postmarked up to March 15, 2023, due to the reporting requirement for an additional written statement added in 2009. Please expect these online 1099-Composite copies to be available per the dates provided in the 2022 Year-End Tax Calendar. The Energy Improvement and Extension Act of 2008 extended the information reporting deadline from January 31 to February 15 for the Tax Information Statement. The IRS provides firms with an option to extend the mailing date of 1099 tax forms for an additional 30 days past the February 15 deadline, and SEI Private Trust Company is acting in accordance with this provision. This extension will allow SPTC to postmark the 1099-Composite forms up to March 15, 2023. If an account is setup for a 'tax information only' statement and no 1099 reporting, they will follow the 'DIOB' timeline. SPTC will not report their transactions to the IRS unless the account has Foreign Tax Paid, Federal or State withholding, Substitute payments, or tax credit interest. Those specific transactions will be reported.

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