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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