I recently sign a lease. The apartment will put my security deposit into an interest-bearing account and requires me to fill out a form W9. I will join EY this June and just wondering if this is ok in terms of the independence rule. I guess the apartment will put my deposit in some sort of funds. Anyone with EY has experience? Reading the independence brochure, looks like it does not specify something related to this scenario but just wanted to confirm . TIA!

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Not required to report at your level - independence team member

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Thank you very much!

Everybody who rents has a security deposit. But it is not your decision where they place the money and is certainly not an account you control. Since you may get a 1099 for the interest I suppose you can add the deposit to your independence confirm if you want to play it safe. Do you know if you already have to declare the lease or the landlord?

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I’m a new hire and associate level, looks like they only want me to check all the securities I held before joining EY. I do not see the independence brochure mentioning declaring lease or landlord. Maybe that’s for manager level and above?

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