the new tax package will include information previously provided in K-1s for most of these funds

Transcription

1 Dear Valued Clients and Tax Advisors: We are very pleased to introduce a new tax reporting format. As always, a tax package will be mailed for each account as soon as the information is finalized. This will be as early as next week for some clients accounts. For those accounts which hold common trust funds, the new tax package will include information previously provided in K-1s for most of these funds. These tax packages will be mailed by the end of the first week of March, approximately two weeks earlier from prior years for those clients owning common trust fund units. Additionally, all tax packages will include fee and expense data which should eliminate the need to scroll through year-end statements for this information. To provide you an opportunity to become familiar with and ask any questions regarding the new 1099 package, we are pleased to provide you this sample. There is a considerable amount of information on page 2, so we encourage you to review it carefully. In particular, please note that all common trust fund income and expense information, with the exception of that information attributable to the Credit Opportunity Fund, is included in this package and listed on a fund by fund basis as Not Reported on This is the same information that will be reported to the IRS and should be used in preparation of your or your client s income tax return. Because the reportable information for these common trust funds is included, K-1s will not be provided but will be available upon request shortly after April 15 th. Other Diversified Trust strategies for which K-1s do remain outstanding, however, will be listed on the Tax Information Statement included in the 1099 package along with an estimate of when those K-1s will be available. Many clients have historically provided accountants with annual statements to retrieve fee and expense information and other items of potential tax significance. All fee and expense information will now be summarized in the 1099 package, including internal common trust fund expenses. Disbursement information is also included to ensure that you can easily identify those items that are potentially deductible, alleviating the need to review prior or year-end statements simply to obtain this information. An additional item that may be helpful is the Computation of Expenses Allocable to Federal Tax Exempt Income which can be found toward the end of the package. The information provided in this paragraph is provided as a courtesy only and is not reported to the IRS. While this 1099 package will be generated for the vast majority of our clients, there will be some exceptions. For any accounts that are custodied with Charles Schwab & Company, Schwab will continue to generate the requisite tax reporting. Additionally, beneficiaries of most irrevocable trusts of which Diversified Trust serves as trustee or co-trustee will also continue to receive beneficiary K-1s. Because of the earlier availability of tax information for those CPAs preparing the tax returns for those trusts, we would anticipate your receipt of those K-1s earlier than in prior years. We are excited about these improvements and the efficiencies they create. We welcome your questions and your comments and, as always, we value our relationship with you. DIVERSIFIED TRUST

2 S Page 1 of 30 From: DIVERSIFIED TRUST COMPANY, INC 6075 POPLAR AVENUE, SUITE 900 MEMPHIS, TN Contents Letter 2 Tax Summary 4 Combined Year-End 1099 Forms 7 Form 1099-B: Proceeds from Broker and Barter Exchange Transactions 8 Dividends and Interest Detail 12 Other Tax Information 19 Payments/Receipts Made on Behalf of 20 Form 1099 Instructions for Recipient 26 Mail to: Copies also sent to: If a copy of the 1099 was sent to anyone other than the client, the name will be noted here.

3 - Page 2 of 30 We are pleased to provide you with this Tax Information Statement to assist you in the preparation of your Income Tax Returns. Please review this page carefully, as the information included with this 1099 package is much more extensive than the 1099s previously provided. Perhaps most importantly, DTC common trust fund ("CTF") income and expense items reported to the IRS on K-1s, other than those attributable to the DTC Credit Opportunity Fund, are reported to you herein as items "Not Reported on 1099". The first section in this package summarizes the information reported to the IRS via 1099 and adds to those amounts the items "Not Reported on 1099" to generate a total of all reportable items. Your 1099s and additional detail behind both the 1099s and items "Not Reported on 1099" follow. All amounts should be reported on the appropriate schedules of your Federal Income Tax Return and (if applicable) State Income Tax Return. The name of the 1099 Payer is shown at the top of each 1099 form, and CTF Payer information for each common trust fund is below. DTC Short Duration Fixed Income CTF DTC International Equity CTF DTC Core Fixed Income CTF DTC Equity Opportunity CTF DTC Large Cap U.S. Equity CTF DTC Multi-Strategy CTF DTC Small-Mid Cap U.S. Equity CTF Because K-1 tax information is included herein, K-1s for these CTFs will not be provided but will be available upon request shortly after April 15th. No state income tax was paid from any CTF on behalf of its participants. Please note that international income and withholding items attributable to each CTF are presented as "VARIOUS". All foreign income should be treated as passive for foreign tax credit purposes. The percentage of common trust fund expenses attributable to foreign source income is for the International Equity CTF, for the Large Cap U.S. Equity CTF, and for the Small/Mid Cap U.S. Equity CTF. Per country detail for all international items is available by contacting Diversified Trust. Please note that income and expenses related to the DTC Credit Opportunity Fund and other partnerships will be reported to you on separate K-1(s) and will be mailed to you directly from each partnership. A list of these

4 - Page 3 of 30 partnerships (excluding certain family and private party partnerships) is included in your Tax Summary. Additionally, please note that sales of partnership units are reported on the 1099 as cost basis unknown. With the exception of the Credit Opportunity Fund, basis on these sales will need to be maintained based on the partnership K-1 information. Please consult your tax advisor for proper reporting. Finally, your Tax Summary also includes information regarding potentially deductible items. Investment Management or Custody Fees and Expenses are listed as "Other Deductions Subject to 2% Limitation," and payments made to or on your behalf are summarized, as well. Additional detail for each of these items, including a list of all payments made to or on your behalf, is included. A computation of expenses allocable to federal tax exempt income is also provided. Please forward this Tax Information Statement to your tax advisor. If you have any questions or need any additional information, please do not hesitate to contact us.

5 - Page 4 of 30 Tax Summary Listed below is a summarization of all items posted to your account. It includes items reported to the IRS on 1099 Forms INT, DIV, B and OID, items reported to the IRS by individual payers, and miscellaneous information you may need in the preparation of your federal and state income tax returns. INCOME Differences between amounts Reported on Combined 1099 and Total represent CTF information detailed in the following pages. Reported on Combined 1099 Total 1040 Reference Domestic Dividends: Total for year $9, $17, Sch B, Part II, Line 5 Qualified $2, $10, See 1040 instructions Exempt Interest Dividends (not subject to Alt Min Tax): Non-taxable in Georgia $0.03 $ , Line 8b Taxable in Georgia $81.01 $ , Line 8b Exempt-interest Dividends (subject to Alt Min Tax): Taxable in Georgia $0.08 $ , Line 8b & Form 6251 Domestic Interest $0.00 $2.85 Sch B, Part I, Line 1 Tax-exempt interest (not subject to Alt Min Tax): Non-taxable in Georgia $20, $20, , Line 8b Short Term Gains and Losses: Common Trust Fund Gain/Loss (N/A) -$23.38 Sch D, Line 5 Other Short Term (Basis information reported to the IRS): Sales Price $80, $80, Form 8949, Pg 1, Box A, Line 1(d) Cost or other basis $82, $82, Form 8949, Pg 1, Box A, Line 1(e) Net gain/loss (N/A) -$2, Form 8949, Pg 1, Box A, Line 1(h) Long Term Gains and Losses: Capital Gain Distributions: Capital gain distributions $6, $6, Sch D, Line 13 Common Trust Fund Gain/Loss (N/A) $16, Sch D, Line 12 Other Long Term (Basis information reported to the IRS): Sales Price $403, $403, Form 8949, Pg 2, Box D, Line 1(d) Cost or other basis $384, $384, Form 8949, Pg 2, Box D, Line 1(e) Market discount $0.00 $0.00 Form 8949, Pg 2, Box D, Line 1(g), Code D Net gain/loss (N/A) $18, Form 8949, Pg 2, Box D, Line 1(h) Other Long Term (Basis information not reported to the IRS):

6 - Page 5 of 30 INCOME Reported on Combined 1099 Total 1040 Reference Sales Price $711, $711, Form 8949, Pg 2, Box E, Line 1(d) Cost or other basis (N/A) $257, Form 8949, Pg 2, Box E, Line 1(e) Net gain/loss (N/A) $453, Form 8949, Pg 2, Box E, Line 1(h) DEDUCTIONS Deductions will typically include fees and expenses but could also include other items paid directly for a client. Gross Amount Allocated to Tax- Exempt Income Net Amount 1040 Reference Other Deductions Subject to 2% Limitation $30, $16, $13, Sch A Payments/Receipts Made on Behalf of Payments Receipts The following items from the account are presented to assist you in the preparation of your individual tax return. Transactions have been summarized under three general headings of, where applicable, Medical expenses, Taxes paid and Miscellaneous. They are intended to cover those items the account paid on your behalf during the tax year that you may want to consider for your individual tax return. We recommend that you check your statement of transactions for any corrections or additions. Taxes paid $8, $0.00 Miscellaneous $698, $0.00 OTHER INFORMATION

7 - Page 6 of 30 OTHER INFORMATION Please note that the income and expenses related to any partnerships listed below are not included in this tax statement. Separate K-1(s) will be mailed directly from each partnership by the dates noted (if known). Sales of partnership units are reported on the 1099 as cost basis unknown. Basis on these sales will need to be maintained based on the partnership K-1 information. Family and private party partnerships reflected on statements as a courtesy to the client may not be included in this list. Please consult your tax advisor for proper reporting and to determine if information from any other partnerships is needed to complete your tax return. Please review Other Information carefully. This section will include information specific to this taxpayer. BROAD BASED CONSUMER CREDIT (Q) FUND - 5/31 DTC CREDIT OPPORTUNITY COMMON FUND - 5/31 (Basis information to be provided) DTC PRIVATE EQUITY III Q - 9/15 WINSTON GLOBAL FUND LP ONSHORE - 5/15

8 - Payer s Name and Address: DIVERSIFIED TRUST COMPANY, INC 6075 POPLAR AVENUE, SUITE 900 MEMPHIS, TN Tax Information Statement Account Number: Recipient s Payer s Federal ID Number: Corrected Form 1099-DIV Dividends and Distributions OMB No a Total ordinary dividends $9, b Qualified dividends $2, a Total capital gain distributions $6, b Unrecaptured Section 1250 Gain 2c Section 1202 gain 2d Collectibles (28%) gain 3 Nondividend distributions 4 Federal income tax withheld 5 Investment expenses 6 Foreign tax paid 7 Foreign country or U.S. possession 8 Cash liquidation distributions 9 Non-cash liquidation distributions 10 Exempt-interest dividends $ Specified private activity bond interest dividends $ State GA 13 State identification number 14 State tax withheld XXX-XX- 2nd TIN notice 2014 Combined Year-End 1099 Forms Recipient s Name and Address: Form 1099-INT Interest Income OMB No Interest income 2 Early withdrawal penalty 3 Interest on U.S. Savings Bonds and Treasury obligations 4 Federal income tax withheld 5 Investment expenses 6 Foreign tax paid 7 Foreign country or U.S. possession 8 Tax-exempt interest $20, Specified private activity bond interest 10 Market discount 11 Bond premium 12 Tax-exempt bond CUSIP no. Various 13 State GA 14 State identification number 15 State tax withheld Page 7 of 30 This page includes only those income items that are reported to the IRS via a Other items of income that are reported otherwise to the IRS are listed on the following pages as "Not Reported on Form 1099" and should be reported on your income tax return. Summary of Form 1099-B Proceeds from Broker and Barter Exchange Transactions 1d Proceeds $1,194, e Cost or other basis $467, g Adjustments 4 Federal income tax withheld 8 Profit or (loss) realized in 2014 on closed contracts 9 Unrealized profit or (loss) on open contracts Unrealized profit or (loss) on open contracts Aggregate profit or (loss) on contracts Sales Price less commissions and option premiums from each sale transaction are reported individually to the IRS. Refer to the 1099-B section of this Tax Information Statement. Summary of Form 1099-OID Original Issue Discount 1 Original issue discount for Other periodic interest 3 Early withdrawal penalty 4 Federal income tax withheld 5 Market discount 6 Acquisition premium 8 Original issue discount on US Treasury obligations 9 Investment expenses Original Issue Discount Amounts are reported individually to the IRS. Refer to the 1099-OID section of this Tax Information Statement. This is important tax information and is being furnished to the Internal Revenue Service (except as indicated). If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported.

9 - Payer s Name and Address: DIVERSIFIED TRUST COMPANY, INC 6075 POPLAR AVENUE, SUITE 900 MEMPHIS, TN Tax Information Statement Account Number: Recipient s Payer s Federal ID Number: Payer s State ID Number: State: XXX-XX- GA Recipient s Name and Address: Page 8 of 30 Corrected 2nd TIN notice 2014 Form 1099-B: Proceeds from Broker and Barter Exchange Transactions Reported to the IRS is proceeds less commissions and option premiums. Covered (Box 5 is not checked) Description of property (Box 1a) OMB No Federal State Cusip Date Sold Date Form 8949 Cost or Code Net Gain Income Tax Number or Disposed Acquired Checkbox Proceeds Other Basis if any Adjustments or Loss Tax Withheld Withheld (Box 1c) (Box 1b) (Box 1d) (Box 1e) (Box 1f) (Box 1g) (Box 4) (Box 16) Short Term Sales Reported on 1099-B ASTON/RIVER ROAD INDEPENDENT VALUE FUND CLASS I # Y579 09/15/ /22/2014 A 9, , ASTON/RIVER ROAD INDEPENDENT VALUE FUND CLASS I # Y579 12/29/2014 Various A 40, , , NATIXIS GATEWAY FUND CLASS Y # /11/2014 Various A 1, , RIVERNORTH CORE OPPORTUNITY FUND CLASS R 76881N103 07/30/ /22/2014 A 29, , Total Short Term Sales Reported on 1099-B 80, , , Report on Form 8949, Part I, with Box A checked Long Term Sales Reported on 1099-B FPA CRESCENT PORTFOLIO FUND CLASS I # T759 The cost basis on certain assets is required to be reported to the IRS while cost on others is not. "Covered" indicates that cost basis is required to be reported. 05/21/2014 Various D 40, , , FPA CRESCENT PORTFOLIO FUND CLASS I # T759 07/30/2014 Various D 11, , , This is important tax information and is being furnished to the Internal Revenue Service (except as indicated). If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported. The taxpayer is ultimately responsible for the accuracy of their own tax return.

10 - Payer s Name and Address: DIVERSIFIED TRUST COMPANY, INC 6075 POPLAR AVENUE, SUITE 900 MEMPHIS, TN Tax Information Statement Account Number: Recipient s Payer s Federal ID Number: Payer s State ID Number: State: XXX-XX- GA Recipient s Name and Address: Page 9 of 30 Corrected 2nd TIN notice 2014 Form 1099-B: Proceeds from Broker and Barter Exchange Transactions Reported to the IRS is proceeds less commissions and option premiums. Covered (Box 5 is not checked) Description of property (Box 1a) OMB No Federal State Cusip Date Sold Date Form 8949 Cost or Code Net Gain Income Tax Number or Disposed Acquired Checkbox Proceeds Other Basis if any Adjustments or Loss Tax Withheld Withheld (Box 1c) (Box 1b) (Box 1d) (Box 1e) (Box 1f) (Box 1g) (Box 4) (Box 16) NATIXIS GATEWAY FUND CLASS Y # /11/2014 Various D 149, , , PIMCO ALL ASSET FUND CLASS I # /11/2014 Various D 30, , , PIMCO ALL ASSET FUND CLASS I # /30/ /28/2013 D 31, , PIMCO ALL ASSET FUND CLASS I # /21/2014 Various D 55, , PIMCO ALL ASSET FUND CLASS I # /30/ /31/2012 D 7, , WHITEBOX TACTICAL OPPORTUNITIES FUND - INS 96467B406 05/21/ /28/2013 D 30, , , WHITEBOX TACTICAL OPPORTUNITIES FUND - INS 96467B406 07/30/ /28/2013 D 8, , WHITEBOX TACTICAL OPPORTUNITIES FUND - INS 96467B406 12/29/ /28/2013 D 40, , , Total Long Term Sales Reported on 1099-B 403, , , Report on Form 8949, Part II, with Box D checked This is important tax information and is being furnished to the Internal Revenue Service (except as indicated). If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported. The taxpayer is ultimately responsible for the accuracy of their own tax return.

11 - Payer s Name and Address: DIVERSIFIED TRUST COMPANY, INC 6075 POPLAR AVENUE, SUITE 900 MEMPHIS, TN Tax Information Statement Account Number: Recipient s Payer s Federal ID Number: Payer s State ID Number: State: Corrected XXX-XX- GA 2nd TIN notice Recipient s Name and Address: Page 10 of Form 1099-B: Proceeds from Broker and Barter Exchange Transactions OMB No Reported to the IRS is proceeds less commissions and option premiums. For noncovered securities (Box 5 is checked) shown on this statement, cost basis information is not being reported to the IRS. Cost or Other Basis amounts shown with a "U" are unknown or unsubstantiated. Description of property (Box 1a) If basis is not required to be reported to the IRS, the asset is considered "noncovered" and only the proceeds from the sale are reported. Federal State CUSIP Date Sold Date Form 8949 Cost or Code Net Gain Income Tax Number or Disposed Acquired Checkbox Proceeds Other Basis if any Adjustments or Loss Tax Withheld Withheld (Box 1c) (Box 1b) (Box 1d) (Box 1e) (Box 1f) (Box 1g) (Box 4) (Box 16) Long Term Sales Reported on 1099-B DTC CREDIT OPPORTUNITY COMMON FUND If the cost basis CF /31/2014 Various E 99, U of the asset is , unknown, a "U" DTC CREDIT OPPORTUNITY COMMON FUND CF will follow the 04/30/ /11/2010 E 100, U , amount reflected DTC CREDIT OPPORTUNITY COMMON FUND as basis. CF /31/2014 Various E 240, U , INTERNATIONAL EQUITY FUND CF /30/2014 Various E 30, , , While cost reflected without a "U" on the noncovered securities schedule is not INTERNATIONAL EQUITY FUND CF /31/ /31/2001 E 14, , , reported to the IRS, we believe the information to be accurate LARGE CAP US EQUITY FUND CF /30/ /31/2012 E 15, , , LARGE CAP US EQUITY FUND CF /31/ /31/2012 E 12, , , This is important tax information and is being furnished to the Internal Revenue Service (except as indicated). If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported. For noncovered securities shown on this statement, cost basis information is not being reported to the Internal Revenue Service. The taxpayer is ultimately responsible for the accuracy of their own tax return.

12 - Payer s Name and Address: DIVERSIFIED TRUST COMPANY, INC 6075 POPLAR AVENUE, SUITE 900 MEMPHIS, TN Tax Information Statement Account Number: Recipient s Payer s Federal ID Number: Payer s State ID Number: State: Corrected XXX-XX- GA 2nd TIN notice Recipient s Name and Address: Page 11 of 30 Reported to the IRS is proceeds less commissions and option premiums. For noncovered securities (Box 5 is checked) shown on this statement, cost basis information is not being reported to the IRS. Cost or Other Basis amounts shown with a "U" are unknown or unsubstantiated. Description of property (Box 1a) Federal State CUSIP Date Sold Date Form 8949 Cost or Code Net Gain Income Tax Number or Disposed Acquired Checkbox Proceeds Other Basis if any Adjustments or Loss Tax Withheld Withheld (Box 1c) (Box 1b) (Box 1d) (Box 1e) (Box 1f) (Box 1g) (Box 4) (Box 16) PRIVATE COLLEGES & UNIVS AUTH REV BDS 2005 A 5.00% DTD 74265LRR1 08/04/2005 DUE 09/01/2014 Various E 200, , Total Long Term Sales Reported on 1099-B 711, , , Report on Form 8949, Part II, with Box E checked This is important tax information and is being furnished to the Internal Revenue Service (except as indicated). If you are required to file a return, a negligence penalty or other sanction may be imposed on you if this income is taxable and the IRS determines that it has not been reported. For noncovered securities shown on this statement, cost basis information is not being reported to the Internal Revenue Service. The taxpayer is ultimately responsible for the accuracy of their own tax return.

13 - Page 12 of 30 Qualified Dividends Qualified Domestic Dividends Dividends and Interest Detail Description Amount of dividend Reported on Form 1099-DIV ASTON/RIVER ROAD INDEPENDENT VALUE FUND CLASS I # FPA CRESCENT PORTFOLIO FUND CLASS I # PIMCO ALL ASSET FUND CLASS I # THE RIVERNORTH CORE OPPORTUNITY FUND INV 2, WHITEBOX TACTICAL OPPORTUNITIES FUND - INS Common trust fund items, where applicable, will be reflected as "Not Total Reported on Form 1099-DIV $2, Not Reported on Form 1099-DIV Reported on Form 1099" and will be INTERNATIONAL EQUITY FUND 7, listed separately for each fund. LARGE CAP US EQUITY FUND Total Not Reported on Form 1099-DIV $8, Total Qualified Domestic Dividends $10, Total Qualified Dividends included on 1099-DIV box 1a and 1b $2, Non-Qualified Dividends

14 - Page 13 of 30 Non-Qualified Domestic Dividends Description Amount of dividend Reported on Form 1099-DIV ASTON/RIVER ROAD INDEPENDENT VALUE FUND CLASS I # FPA CRESCENT PORTFOLIO FUND CLASS I # PIMCO ALL ASSET FUND CLASS I #34 4, THE RIVERNORTH CORE OPPORTUNITY FUND INV WHITEBOX TACTICAL OPPORTUNITIES FUND - INS 1, Total Reported on Form 1099-DIV $6, Total Non-Qualified Domestic Dividends $6, Total Non-Qualified Dividends included in Form 1099-DIV box 1a $6, Short-Term Common Trust Fund Gain/Loss Description Amount of gain/loss Not Reported on Form 1099-DIV INTERNATIONAL EQUITY FUND LARGE CAP US EQUITY FUND Total Not Reported on Form 1099-DIV -$23.38 Total Short-Term Common Trust Fund Gain/Loss -$23.38

15 - Page 14 of 30 Capital Gain Distributions Description Amount of dividend Reported on Form 1099-DIV ASTON/RIVER ROAD INDEPENDENT VALUE FUND CLASS I #266 1, FPA CRESCENT PORTFOLIO FUND CLASS I #134 1, THE RIVERNORTH CORE OPPORTUNITY FUND INV 3, WHITEBOX TACTICAL OPPORTUNITIES FUND - INS Total Reported on Form 1099-DIV $6, Total capital gain distributions Gains and losses attributable to sales of $6, Long-Term Common Trust Fund Gain/Loss Description common trust fund units within the account, if any, will be reflected on a Form 1099-B that will be included in this package. The gains reflected to the left are pass-through gains from the common trust funds that historically have been reported on K-1s. Amount of gain/loss Not Reported on Form 1099-DIV INTERNATIONAL EQUITY FUND 14, LARGE CAP US EQUITY FUND 1, Total Not Reported on Form 1099-DIV $16, Total Long-Term Common Trust Fund Gain/Loss $16,253.33

16 - Page 15 of 30 Exempt interest dividends non-taxable in Georgia (not subject to Alt Min Tax) Investment Amount of Description expense dividend Reported on Form 1099-DIV Georgia FEDERATED TAX FREE INST TR # Total for Georgia $0.03 Total Reported on Form 1099-DIV box 10 $0.03 Totals $0.03 Exempt interest dividends taxable in Georgia (not subject to Alt Min Tax) Investment Amount of Description expense dividend Reported on Form 1099-DIV Various FIDELITY TAX EXEMPT MONEY MARKET # FEDERATED TAX FREE INST TR # Total for Various $81.00 Tennessee FEDERATED TAX FREE INST TR # Total for Tennessee $0.01 Total Reported on Form 1099-DIV box 10 $81.01

17 - Page 16 of 30 Exempt interest dividends taxable in Georgia (not subject to Alt Min Tax) Investment Amount of Description expense dividend Totals $81.01 Exempt interest dividends taxable in Georgia (subject to Alt Min Tax) Description Amount of dividend Reported on Form 1099-DIV Various FEDERATED TAX FREE INST TR # Total for Various $0.08 Total Reported on Form 1099-DIV box 10 and 11 $0.08 Totals $0.08 Interest

18 - Page 17 of 30 Domestic Interest Amount of Amount of Amount of Description market discount bond premium interest Not Reported on Form 1099-INT INTERNATIONAL EQUITY FUND 2.74 LARGE CAP US EQUITY FUND 0.11 Total Not Reported on Form 1099-INT $2.85 Total Domestic Interest $2.85 Tax-exempt Interest non-taxable in Georgia (not subject to Alt Min Tax) Investment Amount of Amount of Amount of Description CUSIP expense market discount bond premium interest Reported on Form 1099-INT Georgia ATLANTA GA DEV AUTH REV DEV REV REF BDS 2005 A 5.00% DTD 07/01/2005 DUE BRUNSWICK & GLYNN CNTY GA JT W REV BDS 2010 C 5.00% DTD 06/30/2010 DUE DE KALB CNTY GA GO BDS 4.00% DTD 02/07/2006 DUE 12/01/2020 EAST POINT GA BLDG AUTH REV REV BDS 2006 A 4.00% DTD 06/01/2006 DUE PRIVATE COLLEGES & UNIVS AUTH REV BDS 2005 A 5.00% DTD 08/04/2005 DUE 04780NDF1 2, AQ4 3, WZ3 5, EE1 4, LRR1 6, Total Reported on Form 1099-INT $20,905.58

19 - Page 18 of 30 Tax-exempt Interest non-taxable in Georgia (not subject to Alt Min Tax) Investment Amount of Amount of Amount of Description CUSIP expense market discount bond premium interest Totals $20,905.58

20 - Page 19 of 30 Deductions Other Deductions Subject to 2% Limitation Other Tax Information Description Amount of expense Available for allocation to tax exempt income Investment Management Fees 30, Total available for allocation to tax exempt income 30, Total Other Deductions Subject to 2% Limitation 30, This page will include information regarding fees and expenses deducted from this account and may include other items of tax significance paid on the client's behalf directly from the account. Information regarding payments made directly on the client's behalf is being provided as a courtesy and should not replace the tax preparer's reliance upon information provided by the client.

21 - Page 20 of 30 Payments/Receipts Made on Behalf of The following transactions from the account are presented to assist you in the preparation of your individual tax return. Transactions are shown under three general headings of, where applicable, Medical Expenses, Taxes Paid and Miscellaneous. They are intended to cover those items the account paid on your behalf during the tax year that you may want to consider for your individual tax return. We recommend that you check your statement of transactions for any corrections or additions. Taxes Paid Date Description Payments Receipts Federal Estimated Tax Payments 06/11/2014 Federal Estimated Tax Payments UNITED STATES TREASURY 2Q14 INDIVIDUAL ESTIMATED TAX PAYMENT 12/23/2014 Federal Estimated Tax Payments UNITED STATES TREASURY 4Q14 INDIVIDUAL ESTIMATED TAX PAYMENT Payments made on the client's behalf are classified based upon the information we were provided. To ensure that all disbursements are available for review to identify any possible tax significance, classified as well as unclassified disbursements are provided on this schedule. 5, , Total Federal Estimated Tax Payments 8, Total Taxes Paid 8, Miscellaneous Date Description Payments Receipts Other Disbursements 01/27/2014 Other Disbursements CASH DISBURSEMENT ACH TRANSFER TO CHECKING MONTHLY DISTRIBUTION 18, /27/2014 Other Disbursements CASH DISBURSEMENT ACH TRANSFER TO CHECKING MONTHLY DISTRIBUTION 2,000.00

22 - Page 21 of 30 Date Description Payments Receipts 02/25/2014 Other Disbursements CASH DISBURSEMENT ACH TRANSFER TO CHECKING MONTHLY DISTRIBUTION 02/25/2014 Other Disbursements CASH DISBURSEMENT ACH TRANSFER TO CHECKING MONTHLY DISTRIBUTION 02/28/2014 Other Disbursements CASH DISBURSEMENT DISTRIBUTION 03/25/2014 Other Disbursements 03/25/2014 Other Disbursements 03/26/2014 Other Disbursements 04/25/2014 Other Disbursements 04/25/2014 Other Disbursements 05/23/2014 Other Disbursements 2, , , , , , , , ,000.00

23 - Page 22 of 30 Date Description Payments Receipts 05/23/2014 Other Disbursements 06/25/2014 Other Disbursements 06/25/2014 Other Disbursements 07/22/2014 Other Disbursements DISTRIBUTION FOR 07/25/2014 Other Disbursements 07/25/2014 Other Disbursements 08/25/2014 Other Disbursements 08/25/2014 Other Disbursements 09/25/2014 Other Disbursements 18, , , , , , , , ,000.00

24 - Page 23 of 30 Date Description Payments Receipts 09/25/2014 Other Disbursements 09/25/2014 Other Disbursements PER CLIENT REQUEST 10/24/2014 Other Disbursements 10/24/2014 Other Disbursements 11/25/2014 Other Disbursements 11/25/2014 Other Disbursements 12/24/2014 Other Disbursements 2, , , , , , , /24/2014 Other Disbursements 18, Total Other Disbursements 690, Payments for Personal Gifts

25 - Page 24 of 30 Date Description Payments Receipts 12/09/2014 Payments for Personal Gifts CHRISTMAS GIFT - 12/09/2014 Payments for Personal Gifts CHRISTMAS GIFT - 12/09/2014 Payments for Personal Gifts CHRISTMAS GIFT - 12/09/2014 Payments for Personal Gifts CHRISTMAS GIFT - 12/09/2014 Payments for Personal Gifts CHRISTMAS GIFT - 12/09/2014 Payments for Personal Gifts CHRISTMAS GIFT - 12/09/2014 Payments for Personal Gifts CHRISTMAS GIFT - 1, , , , , , , /09/2014 Payments for Personal Gifts CHRISTMAS GIFT - 1, Total Payments for Personal Gifts 8, Total Miscellaneous 698,923.23

26 - Page 25 of 30 Computation of Expenses Allocable to Federal Tax Exempt Income 1. Tax exempt income $20, Gross taxable income $17, Total income $38, Allocable expenses $30, Other deductions subject to 2% limitation $30, Expenses allocated to TEI (line 1/line 3 * line 4) $16, Expenses allocated to taxable income (line 4 - line 5) $13, Like all deduction and disbursement information above, this calculation is provided as a courtesy only and is not reported to the IRS.

27 - Page 26 of 30 Recipient s identification number. For your protection, this form may show only the last four digits of your social security number (SSN), individual taxpayer identification number (ITIN), or adoption taxpayer identification number (ATIN). However, the issuer has reported your complete identification number to the IRS and, where applicable, to state and/or local governments. Account Number. May show an account or other unique number the payer assigned to distinguish your account. Box 1a. Shows total ordinary dividends that are taxable. Include this amount on line 9a of Form 1040 or 1040A. Also, report it on Schedule B (1040A or 1040), if required. Box 1b. Shows the portion of the amount in box 1a that may be eligible for reduced capital gains rates. See Form 1040/1040A instructions for how to determine this amount. Report the eligible amount on line 9b, Form 1040 or 1040A. The amount shown may be dividends a corporation paid directly to you as a participant (or beneficiary of a participant) in an employee stock ownership plan (ESOP). Report it as a dividend on your Form 1040/1040A but treat it as a plan distribution, not as investment income, for any other purpose. Box 2a. Shows total capital gain distributions from a regulated investment company or real estate investment trust. Report the amounts shown in box 2a on Schedule D (Form 1040), line 13. But, if no amount is shown in boxes 2c-2d and your only capital gains and losses are capital gain distributions, you may be able to report the amounts shown in box 2a on line 13 of Form 1040 (line 10 of Form 1040A) rather than Schedule D. See the Form 1040/1040A instructions. Box 2b. Shows the portion of the amount in box 2a that is unrecaptured section 1250 gain from certain depreciable real property. Report this amount on the Unrecaptured Section 1250 Gain Worksheet-Line 19 in the Schedule D instructions (Form 1040). Box 2c. Shows the portion of the amount in box 2a that is section 1202 gain from certain small business stock that may be subject to an exclusion. See the Schedule D (Form 1040) instructions. Dividends and Distributions - Form 1099-DIV Instructions for Recipient Box 2d. Shows 28% rate gain from sales or exchanges of collectibles. If required, use this amount when completing the 28% Rate Gain Worksheet-Line 18 in the instructions for Schedule D (Form 1040). Box 3. Shows the part of the distribution that is nontaxable because it is a return of your cost (or other basis). You must reduce your cost (or other basis) by this amount for figuring gain or loss when you sell your stock. But if you get back all your cost (or other basis), report future distributions as capital gains. See Pub. 550, Investment Income and Expenses. Box 4. Shows backup withholding. A payer must backup withhold on certain payments if you did not give your taxpayer identification number to the payer. See Form W-9, Request for Taxpayer Identification Number and Certification, for information on backup withholding. Include this amount on your income tax return as tax withheld. Box 5. Shows your share of expenses of a nonpublicly offered regulated investment company, generally a nonpublicly offered mutual fund. If you file Form 1040, you may deduct these expenses on the "Other expenses" line on Schedule A (Form 1040) subject to the 2% limit. This amount is included in box 1a. Box 6. Shows the foreign tax that you may be able to claim as a deduction or a credit on Form See the Form 1040 instructions. Box 7. This box should be left blank if a regulated investment company reported the foreign tax shown in box 6. Boxes 8 and 9. Shows cash and noncash liquidation distributions. Box 10. Shows exempt-interest dividends from a mutual fund or other regulated investment company paid to you during the calendar year. Include this amount on line 8b of Form 1040 or 1040A as tax-exempt interest. This amount may be subject to backup withholding. See box 4. Box 11. Shows exempt-interest dividends subject to the alternative minimum tax. This amount is included in box 10. See the Instructions for Form Boxes State income tax withheld reporting boxes. Nominees. If this form includes amounts belonging to another person, you are considered a nominee recipient. You must file Form 1099-DIV (with a Form 1096) with the IRS for each of the other owners to show their share of the income, and you must furnish a Form 1099-DIV to each. A spouse is not required to file a nominee return to show amounts owned by the other spouse. See the 2014 General Instructions for Certain Information Returns. Future developments. For the latest information about the developments related to Form 1099-DIV and its instructions, such as legislation enacted after they were published, go to

28 - Page 27 of 30 Interest Income - Form 1099-INT Instructions for Recipient The information provided may be different for covered and noncovered securities. For a description of covered securities, see the Instructions for Form For a covered security acquired at a premium, unless you notified the payer in writing in accordance with Regulations section (n)(5) that you did not want to amortize the premium under section 171, your payer may report either (1) a net amount of interest that reflects the offset of the amount of interest paid to you by the amount of premium amortization for the year or (2) a gross amount for both the interest paid to you and the premium amortization for the year. If you did notify your payer that you did not want to amortize the premium on a covered security, then your payer will only report the gross amount of interest paid to you. For a noncovered security acquired at a premium, your payer is only required to report the gross amount of interest paid to you. Recipient s identification number. For your protection, this form may show only the last four digits of your social security number (SSN), individual taxpayer identification number (ITIN), or adoption taxpayer identification number (ATIN). However, the issuer has reported your complete identification number to the IRS and, where applicable, to state and/or local governments. Account Number. May show an account or other unique number the payer assigned to distinguish your account. Box 1. Shows taxable interest paid to you during the calendar year by the payer. This does not include interest shown in box 3. May also show the total amount of the credits from clean renewable energy bonds, new clean renewable energy bonds, qualified energy conservation bonds, qualified zone academy bonds, qualified school construction bonds, and build America bonds that must be included in your interest income. These amounts were treated as paid to you during 2014 on the credit allowance dates (March 15, June 15, September 15, and December 15). For more information, see Form 8912, Credit to Holders of Tax Credit Bonds. See the instructions above for a covered security acquired at a premium. Box 2. Shows interest or principal forfeited because of early withdrawal of time savings. You may deduct this amount to figure your adjusted gross income on your income tax return. See the instructions for Form 1040 to see where to take the deduction. Box 3. Shows interest on U.S. Savings Bonds, Treasury bills, Treasury bonds, and Treasury notes. This may or may not all be taxable. See Pub This interest is exempt from state and local income taxes. This interest is not included in box 1. See the instructions above for a covered security acquired at a premium. Box 4. Shows backup withholding. Generally, a payer must backup withhold if you did not furnish your taxpayer identification number (TIN) or you did not furnish the correct TIN to the payer. See Form W-9. Include this amount on your income tax return as tax withheld. Box 5. Any amount shown is your share of investment expenses of a single-class REMIC. If you file Form 1040, you may deduct these expenses on the "Other expenses" line of Schedule A (Form 1040) subject to the 2% limit. This amount is included in box 1. Box 6. Shows foreign tax paid. You may be able to claim this tax as a deduction or a credit on your Form See your Form 1040 instructions. Box 7. Shows the country or U.S. possession to which the foreign tax was paid. Box 8. Shows tax-exempt interest paid to you during the calendar year by the payer. Report this amount on line 8b of Form 1040 or Form 1040A. This amount may be subject to backup withholding. See box 4. See the instructions above for a covered security acquired at a premium. Box 9. Shows tax-exempt interest subject to the alternative minimum tax. This amount is included in box 8. See the Instructions for Form See the instructions above for a covered security acquired at a premium. Box 10. For a covered security, if you made an election under section 1278(b) to include market discount in income as it accrues and you notified your payer of the election, shows the market discount that accrued on the debt instrument during the year while held by you. Report this amount on your income tax return as directed in the instructions for Form 1040 or 1040A. Box 11. For a covered security, shows the amount of premium amortization for the year, unless you notified the payer in writing in accordance with Regulations section (n)(5) that you did not want to amortize bond premium under section 171. If an amount is reported in this box, see the instructions for Form 1040 (Schedule B). If an amount is not reported in this box for a covered security acquired at a premium, the payer has reported a net amount of interest in boxes 1, 3, 8, or 9, whichever is applicable. If the amount in this box is greater than the amount of interest paid on the covered security, please see Regulations section (a)(4). Box 12. Shows CUSIP number(s) for tax-exempt bond(s) on which tax-exempt interest was paid to you during the calendar year and reported in box 8. If blank, no CUSIP number was issued for the bond(s). Boxes State tax withheld reporting boxes.

29 - Page 28 of 30 Nominees. If this form includes amounts belonging to another person(s), you are considered a nominee recipient. Complete a Form 1099-INT for each of the other owners showing the income allocable to each. File Copy A of the form with the IRS. Furnish Copy B to each owner. List yourself as the "payer" and the other owner(s) as the "recipient." File Form(s) 1099-INT with Form 1096 with the Internal Revenue Service Center for your area. On Form 1096 list yourself as the "filer." A spouse is not required to file a nominee return to show amounts owned by the other spouse. Future developments. For the latest information about developments related to Form 1099-INT and its instructions, such as legislation enacted after they were published, go to Interest Income - Form 1099-INT Instructions for Recipient continued

30 - Page 29 of 30 Brokers and barter exchanges must report proceeds from (and in some cases, basis for) transactions to you and the IRS on Form 1099-B. Reporting is also required when your broker knows or has reason to know that a corporation in which you own stock has had a reportable change in control or capital structure. You may be required to recognize gain from the receipt of cash, stock, or other property that was exchanged for the corporation s stock. If your broker reported this type of transaction to you, the corporation is identified in the box 1a. Recipient s identification number. For your protection, this form may show only the last four digits of your social security number (SSN), individual taxpayer identification number (ITIN), or adoption taxpayer identification number (ATIN). However, the issuer has reported your complete identification number to the IRS and, where applicable, to state and/or local governments. Account Number. May show an account or other unique number the payer assigned to distinguish your account. CUSIP number. Shows the CUSIP (Committee on Uniform Security Identification Procedures) number or other applicable identifying number. Applicable check box on Form Indicates where to report this transaction on Form 8949 and Schedule D, and which check box is applicable. See the instructions for your Schedule D and/or Form Box 1a. Shows a brief description of the item or service for which amounts are being reported. For regulated futures contracts and forward contracts, "RFC" or other appropriate description may be shown. For Section 1256 option contracts, "Section 1256 option" or other appropriate description may be shown. For a corporation that had a reportable change in control or capital structure, this box may show the class of stock as C (common), P (preferred), or O (other). Box 1c. Shows the trade date of the sale or exchange. For short sales, the date shown is the date the security was delivered to close the short sale. For aggregate reporting in boxes 8 through 11, no entry will be present. Proceeds from Broker and Barter Exchange Transactions - Form 1099-B Instructions for Recipient Box 1d. Shows the cash proceeds, reduced by any commissions or transfer taxes related to the sale, for transactions involving stocks, debt, commodities, forward contracts, non-section 1256 option contracts, or securities futures contracts. May show the proceeds from the disposition of your interest(s) in a widely held fixed investment trust. May also show aggregate amount of cash and the fair market value of any stock or other property received in a reportable change in control or capital structure arising from the corporate transfer of property to a foreign corporation. Losses on forward contracts or non-section 1256 option contracts are shown in parentheses. This box does not include proceeds from regulated futures contracts or Section 1256 option contracts. Report this amount on Form 8949 or on Schedule D (whichever is applicable) as explained in the instructions for Schedule D. Box 1e. Shows the cost or other basis of securities sold. If the securities were acquired through the exercise of a non-compensatory option granted or acquired on or after January 1, 2014, the basis has been adjusted to reflect your option premium. If the securities were acquired through the exercise of a non-compensatory option granted or acquired before January 1, 2014, your broker is permitted, but not required, to adjust the basis to reflect your option premium. If the securities were acquired through the exercise of a compensatory option, the basis has not been adjusted to include any amount related to the option that was reported to you on a Form W-2. If box 5 is checked, box 1e may be blank. See the Instructions for Form 8949, Instructions for Schedule D, or Pub. 550 for details. Box 1f. Shows W for wash sale, C for collectibles, or D for market discount. Box 1g. Shows the amount of nondeductible loss in a wash sale transaction or the amount of accrued market discount. For details on wash sales and market discount, see Schedule D (Form 1040) instructions and Pub Box 3. If checked, the basis in box 1e has been reported to the IRS and one of the check boxes in box 2 must be checked. If box 3 is checked on Form(s) 1099-B and NO adjustment is required, see instructions for your Schedule D as you may be able to report your transaction directly on Schedule D. Box 4. Shows backup withholding. Generally, a payer must backup withhold if you did not furnish your taxpayer identification number to the payer. See Form W-9 for information on backup withholding. Include this amount on your income tax return as tax withheld. Box 5. If checked, the securities sold were noncovered securities and boxes 1b, 1e, and 2 may be blank. Generally, a noncovered security means: stock purchased before 2011, stock in most mutual funds purchased before 2012, stock purchased in or transferred to a dividend reinvestment plan before 2012, debt acquired before 2014, options granted or acquired before 2014, and securities futures contracts entered into before Box 6. If the exercise of a non-compensatory option resulted in a sale of a security, indicates whether the amount in box 1d was adjusted for premium.

31 E Page 30 of 30 Box 7. If checked, you cannot take a loss on your tax return based on gross proceeds from a reportable change in control or capital structure reported in box 1d. See the Form 8949 and Schedule D instructions. The broker should advise you of any losses on a separate statement. Regulated Futures Contracts, Foreign Currency Contracts, and Section 1256 Option Contracts (Boxes 8 Through 11): Box 8. Shows the profit or (loss) realized on regulated futures, foreign currency, or Section 1256 option contracts closed during Box 9. Shows any year-end adjustment to the profit or (loss) shown in box 8 due to open contracts on December 31, Box 10. Shows the unrealized profit or (loss) on open contracts held in your account on December 31, These are considered closed out as of that date. This will become an adjustment reported as unrealized profit or (loss) on open contracts-12/31/2014 in Box 11. Boxes 8, 9, and 10 are all used to figure the aggregate profit or (loss) on regulated futures, foreign currency, or Section 1256 option contracts for the year. Include this amount on your 2014 Form Box 13. Shows the cash you received, the fair market value of any property or services you received, and the fair market value of any trade credits or scrip credited to your account by a barter exchange. See Pub Boxes Shows state(s)/local income tax information. Future developments. For the latest information about any developments related to Form 1099-B and its instructions, such as legislation enacted after they were published, go to Proceeds from Broker and Barter Exchange Transactions - Form 1099-B Instructions for Recipient continued