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

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00, if the account does not have transactions that pertain to this section. Detailed transactional information is reported on the Supplemental Schedules after the Form s 1099.

2 The Consolidated Tax Statement ( Statement ) provides you with all of your Forms 1099 (i.e., 1099-B, 1099-DIV, etc.) information in one document. The Statement begins with a summary of the Form 1099 information that is reported to the Internal Revenue Service (IRS). Note: Certain income categories on the Statement will show as 0.00, if the account does not have transactions that pertain to this section. Detailed transactional information is reported on the Supplemental Schedules after the Form s This information is not reported to the Internal Revenue Service, but may be used to file you annual income tax return. Consolidated 1099 Summary Information The information that is summarized on the Forms 1099 referenced below is provided to the IRS. The Consolidated Statement identifies the Payer (Lincoln Investment), Payee (Client), and reports the income earned, and/or proceeds received during the relevant tax year. The Statement Date is identified to assist you in understanding when your statement was generated and keeping the track of any subsequent corrected statements. 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. Please contact Branch Services at x4500 option 5 for tax related questions Consolidated Tax Statement 1099 Overview 2

The amounts reported in this section reflect the proceeds from the securities transactions, such as, sales, redemptions, tender offers, maturities, etc.

3 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 2017 Consolidated Tax Statement 1099 Overview 3

4 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. Reinvested dividends are reported on the 1099-DIV as if a cash dividend had been credited to the account. 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 1099-DIV, an amended 1099 will be issued to the client and also reported to the IRS. 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. 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 Consolidated Tax Statement 1099 Overview 4

5 In addition to the information reported to the IRS on the Forms 1099-B and 1099-DIV, 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 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 Representative or Lincoln Investment at x4500, Option 5. 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 advisors before engaging in any transaction. HO388_2/ Consolidated Tax Statement 1099 Overview 5

Form 1099 Consolidated Tax Statement

Understanding Your 2018 Form 1099 Consolidated Tax Statement The 2018 Tax Reporting Information Statement, Form 1099, is a record of activity in your account at Janney Montgomery Scott LLC. This statement