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Private Credit Fund 1099

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? 

 

 

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1 Best answer

Accepted Solutions
DavidD66
Expert Alumni

Private Credit Fund 1099

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.  

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3 Replies
DavidD66
Expert Alumni

Private Credit Fund 1099

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

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Private Credit Fund 1099

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
Expert Alumni

Private Credit Fund 1099

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.  

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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