Private Credit Fund 1099

[mitchden1]

The trade date for the sale of all the units in a Private Credit Fund was Dec. 31, 2022 and the settlement date was Jan. 31, 2023.  The 2022 1099 reflects this sale. 

The transaction date for the final income dividend was Jan. 3, 2023, however, on the 2022 1099-DIV, it appears that this amount was included in the total dividends that were paid in 2022. 

Does this make sense? 

[DavidD66]

Yes, it makes sense.  Do you have a question?

[mitchden1]

I would have thought that any dividend posted on Jan. 3, 2023 has to be shown on a 2023 1099, not the 2022 1099. Am I wrong?

[DavidD66 · Accepted solution]

For most investments you would be correct.  But this was a Private Credit Fund and apparently they were trying to close the books as of the end of the year.  Thus they dated everything in 2022.