© 2025 SEI
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Wednesday, January 22
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Final deadline for cost basis information to be submitted to SEI Private Trust Company in order for the updates
to be reflected in 2024 tax reporting. Please submit the Cost Basis Update Form electronically via
www.SEIAdvisorCenter.com by selecting Actions > Upload Forms.
Friday, January 24
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1099-R tax forms available on www.SEIAdvisorCenter.com for Advisor firm users and Investor.SEI-Connect.com
for investors.
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5498 tax forms available on www.SEIAdvisorCenter.com for Advisor firm users and Investor.SEI-Connect.com
for investors.
Monday, January 27
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A bulk download of all clients 1099-R and 5498 tax forms will be available on www.SEIAdvisorCenter.com for
Advisor firm users.
Friday, January 31
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1099-R and 5498 tax forms will be postmarked and mailed to investors by this date.
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5498 tax forms will include the 2024 Required Minimum Distribution (RMD) notification (as appropriate) and
December 31, 2024 Fair Market Value Letters. Forms will be postmarked and mailed by no later than January
31, 2025.
February 2025 — Key Dates and Deadlines
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SEI Private Trust Company will sometimes refer to the Tax forms 1099-DIV, 1099-INT, 1099-OID, and 1099-B as
'Combined' Tax forms or '1099-DIOB' tax forms.
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SEI Private Trust Company will run the Return of Capital Reclassification (ROCR) program in early February.
This program adjusts cost basis for dividends that were reclassified at any point during the tax year.
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Several types of 'collective' instruments, including Mutual Funds, REITs and Unit Investment Trusts, pay
periodic income to holders throughout the year, based upon estimated earnings of underlying holdings. Should
the Fund find after the end of the year that income paid exceeds income earned, the excess is reclassified as
Return of Capital.
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The reclassification not only splits the amount of original distribution to the holder, but as a result of a
portion of that distribution now considered Return of Capital, the cost basis of the eligible tax lots must be
updated. For those eligible lots that were disposed subsequent to the income distribution, the update of cost
basis must also result in updated realized gain/loss on the disposed lots. These cost adjustments will be
reflected in the Transactions section of your clients' statements.
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In early February, 'collective' instruments will also perform Income Reallocation (IR) of income paid in 2024.
This is to separate the income's tax character to be specific between taxable and tax-exempt income. If the
asset has not sent final IR factors, your clients' 1099 will remain on hold until they are received.
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Sometimes assets make corrections to the original IR information provided to SEI Private Trust Company. If a
correction is made, SPTC will issue a corrected 1099 to the client with the updated IR information.
Friday, February 14
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SEI Private Trust Company will be producing the first wave of 1099-DIV, 1099-INT, 1099-OID and 1099-B tax
forms. SEI will only include tax forms for accounts which we have received all ROCR and IR factors for all
holdings.
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The first wave of 1099-DIV, 1099-INT, 1099-OID and 1099-B tax forms available on www.SEIAdvisorCenter.com
for Advisor firm users and Investor.SEI-Connect.com for investors.
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If an account does not have a form produced on February 14th, it is because SPTC has not received all the
Return of Capital factors and Income Reallocation from the asset issuer. The 1099 will be produced, made
