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New DRAFT 2022 Form 1099-DIV

New DRAFT 2022 Form 1099-DIV

On July 2, 2021, the IRS published a DRAFT 2022 Form 1099-DIV. This new form includes the following key changes:

  • The 2022 Form 1099-DIV will be a continuous use form.
  • The FATCA filing requirement checkbox is now Box 11. This caused the following renumbering to occur:
    • OLD Box 11 for reporting exempt-interest dividends from a mutual fund or other Registered Investment Company (RIC) is now NEW Box 12.
    • OLD Box 12 for reporting exempt-interest dividends subject to the alternative minimum tax is now NEW Box 13.
    • OLD Boxes 13-15 for reporting State Income Tax Withheld are now NEW Boxes 14-16.

Although these changes are in DRAFT form, be sure to check your tax reporting packages and vendors for updates next year!

Have a look through the new DRAFT via the link below:

https://www.irs.gov/pub/irs-dft/f1099div–dft.pdf

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New DRAFT 2022 Form 1099-DIV

This document contains general information only and is not a substitute for accounting, tax, or any other professional advice or services. The information provided is considered accurate at the time of publishing and will not be updated with new regulation requirements.

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