2020 - Lincoln Investment

2023 Consolidated

Tax Statement

1099 Overview

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ACCOUNT

CONSOLIDATED TAX STATEMENT OVERVIEW

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ACCOUNT

The Consolidated Tax Statement (¡°Statement¡±) provides you

with all of your Forms 1099 (i.e., 1099-B, 1099-DIV, 1099-INT)

information in one document.

Note: Certain income categories on the Statement

will show as 0.00, if the account does not have

transactions that pertain to this section.

The Statement begins with a summary of the Form 1099

information that is reported to the Internal Revenue Service

(IRS).

Detailed transactional information is reported on the

Supplemental Schedules after the Forms 1099. This information

is not reported to the Internal Revenue Service, but may be

used to file your annual income tax return.

Consolidated 1099 Summary Information

The information that is summarized on the Forms 1099 referenced below is provided to the IRS.

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The Consolidated Statement identifies the Payer (Lincoln Investment), Payee (Client), and reports the income earned, and/or

proceeds received during the relevant tax year.

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The ¡°Statement Date¡± is identified to assist you in understanding when your statement was generated and keeping the track

of any subsequent corrected statements.

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The ¡°Document ID¡± may be used to download the information from this Statement in to TurboTax to assist with the

preparation of you annual income tax return.

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Please contact Branch Services at 1-888-508-4780 for tax related questions.

2023 Consolidated Tax Statement ¨C 1099 Overview | 2

PROCEEDS FROM BROKER AND BARTER EXCHANGE

TRANSACTIONS ¨C FORM 1099-B

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The amounts reported in this section reflect the proceeds from the securities transactions, such as, sales, redemptions,

tender offers, maturities, etc. This information is generally reported as a net of transaction costs (i.e. commissions and fees).

Each transaction is reported individually on a trade date basis to the IRS.

Common proceeds transactions reported on the Form 1099-B include the sale of Mutual Fund investments.

The sale of securities will be reported individually to the IRS in the following sections:

? Short-term Transactions for covered tax lots where basis is reported to the IRS

? Long-term Transactions for covered tax lots where basis is reported to the IRS

? Short-term Transactions for covered tax lots where basis is not reported to the IRS

? Long-term Transactions for covered tax lots where basis is not reported to the IRS

? Transactions in which basis is not reported to the IRS and for which the Short-term or Long-term determination is

unknown to the Broker

2023 Consolidated Tax Statement ¨C 1099 Overview | 3

DIVIDENDS AND DISTRIBUTIONS - FORM 1099-DIV

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ACCOUNT

The amounts reported reflect dividends and other distributions credited to the account for the tax year. As reflected on

the Form 1099-DIV on the summary page, these amounts are reported to the IRS in aggregate. The transaction details are

provided on the Details for Dividends and Distributions for your reference.

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Reinvested dividends are reported on the 1099-DIV as if a cash dividend had been credited to the account.

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Mutual Funds and other securities may reclassify dividend payments after the payment to the account. If the information is

available, these payments will be reclassified to the new income treatment. If this occurs after the issuance of the original

1099DIV, an amended 1099 will be issued to the client and also reported to the IRS.

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Cross-year reporting of dividends can occur for mutual funds and unit investment trusts that pay dividends in January but

have a record date in the previous year. These ¡°spillover¡± dividends will be reported for the previous tax year, not the year

actually paid.

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State Tax Exempt Income - Certain income from mutual funds may be exempt from state and local taxes. If available, this

information may be provided to the client on the statement. If it is not available at the time of statement production, you may

need to contact the mutual fund directly for this information.

2023 Consolidated Tax Statement ¨C 1099 Overview | 4

SUPPLEMENTAL SCHEDULE INFORMATION

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ACCOUNT

In addition to the information reported to the IRS on Forms 1099-B, 1099-DIV, and 1099-INT, your statement includes

various schedules that may assist you in preparing your annual income tax return. A description of each statement is

listed below.

FEES AND EXPENSES

This section details the various fees and, investment expenses charged to the account. The totals are also included in the

Reconciliation, Fees, Expenses, and Expenditures section of the Summary Information.

MUTUAL FUND AND UIT SUPPLEMENTAL INFORMATION

All or a portion of the income received from certain Mutual Funds and Unit Investment Trusts may be exempted from state

and local taxes. This information is provided, if it is available at the time the statements are processed.

MUTUAL FUND AND UIT SUPPLEMENTAL TAX DETAIL

This information provides further detail on Municipal income at the CUSIP level that may be useful in preparing your

federal and state tax returns.

TAX SUMMARY PAGE

The Tax Summary Page provides additional detail regarding the income paid to the account, realized gains and losses, as

well as deductions and other expenses.

FOREIGN INCOME AND TAXES SUMMARY

The Foreign Income and Taxes Summary provides additional information pertaining to income arising from foreign

sourced payments. Any taxes withheld at source are reported here.

2023 END NOTES

End Notes include information which may be helpful with preparing your income tax return. The End Notes page displays

notes that have been referenced throughout the Statement. End note references may appear in different locations, such as

next to column headers, adjacent to the security description, or in the Additional Information or Notes columns.

For more information about your Consolidated Tax Statement, please contact your Financial Professional or Lincoln

Investment at 1-888-508-4780.

Lincoln Investment Planning, LLC and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes

only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting

professionals before engaging in any transaction.

HO388 1/24

2023 Consolidated Tax Statement ¨C 1099 Overview | 5

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