diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4483995b43..b34b498804 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -22,7 +22,8 @@ This project adheres to [Semantic Versioning](https://semver.org/).
 * Ignore function naming in Kotest classes `function-naming` [#2289](https://github.com/pinterest/ktlint/issue/2289)
 * Prevent wrapping of nested multiline binary expression before operation reference as it results in a compilation error `multiline-expression-wrapping` [#2286](https://github.com/pinterest/ktlint/issue/2286)
 * Force blank line before object declaration if preceded by another declaration `blank-line-before-declaration` [#2284](https://github.com/pinterest/ktlint/issues/2284)
-* Fix malformed AST when `&&` or `||` is at start of line `chain-wrapping` [#2297](https://github.com/pinterest/ktlint/issues/2297) 
+* Fix malformed AST when `&&` or `||` is at start of line `chain-wrapping` [#2297](https://github.com/pinterest/ktlint/issues/2297)
+* Do not report false positives `type-argument-list-spacing` and `type-parameter-list-spacing` [#2299](https://github.com/pinterest/ktlint/issues/2299)
 
 ### Changed
 
diff --git a/ktlint-ruleset-standard/src/main/kotlin/com/pinterest/ktlint/ruleset/standard/rules/TypeArgumentListSpacingRule.kt b/ktlint-ruleset-standard/src/main/kotlin/com/pinterest/ktlint/ruleset/standard/rules/TypeArgumentListSpacingRule.kt
index 5de1063e14..9848ea1197 100644
--- a/ktlint-ruleset-standard/src/main/kotlin/com/pinterest/ktlint/ruleset/standard/rules/TypeArgumentListSpacingRule.kt
+++ b/ktlint-ruleset-standard/src/main/kotlin/com/pinterest/ktlint/ruleset/standard/rules/TypeArgumentListSpacingRule.kt
@@ -12,6 +12,7 @@ import com.pinterest.ktlint.rule.engine.core.api.editorconfig.INDENT_STYLE_PROPE
 import com.pinterest.ktlint.rule.engine.core.api.findCompositeParentElementOfType
 import com.pinterest.ktlint.rule.engine.core.api.isPartOfCompositeElementOfType
 import com.pinterest.ktlint.rule.engine.core.api.isWhiteSpace
+import com.pinterest.ktlint.rule.engine.core.api.isWhiteSpaceWithoutNewline
 import com.pinterest.ktlint.rule.engine.core.api.nextLeaf
 import com.pinterest.ktlint.rule.engine.core.api.nextSibling
 import com.pinterest.ktlint.rule.engine.core.api.prevLeaf
@@ -109,9 +110,13 @@ public class TypeArgumentListSpacingRule :
             ?.let { nextSibling ->
                 if (multiline) {
                     if (nextSibling.text != expectedIndent) {
-                        emit(nextSibling.startOffset, "Expected newline", true)
-                        if (autoCorrect) {
-                            nextSibling.upsertWhitespaceAfterMe(expectedIndent)
+                        if (nextSibling.isWhiteSpaceWithoutNewline()) {
+                            emit(nextSibling.startOffset, "Expected newline", true)
+                            if (autoCorrect) {
+                                nextSibling.upsertWhitespaceAfterMe(expectedIndent)
+                            }
+                        } else {
+                            // Let Indentation rule fix the indentation
                         }
                     }
                 } else {
@@ -129,9 +134,13 @@ public class TypeArgumentListSpacingRule :
             ?.let { prevSibling ->
                 if (multiline) {
                     if (prevSibling.text != expectedIndent) {
-                        emit(prevSibling.startOffset, "Expected newline", true)
-                        if (autoCorrect) {
-                            prevSibling.upsertWhitespaceBeforeMe(expectedIndent)
+                        if (prevSibling.isWhiteSpaceWithoutNewline()) {
+                            emit(prevSibling.startOffset, "Expected newline", true)
+                            if (autoCorrect) {
+                                prevSibling.upsertWhitespaceBeforeMe(expectedIndent)
+                            }
+                        } else {
+                            // Let Indentation rule fix the indentation
                         }
                     }
                 } else {
diff --git a/ktlint-ruleset-standard/src/main/kotlin/com/pinterest/ktlint/ruleset/standard/rules/TypeParameterListSpacingRule.kt b/ktlint-ruleset-standard/src/main/kotlin/com/pinterest/ktlint/ruleset/standard/rules/TypeParameterListSpacingRule.kt
index 42d7968329..ece836f096 100644
--- a/ktlint-ruleset-standard/src/main/kotlin/com/pinterest/ktlint/ruleset/standard/rules/TypeParameterListSpacingRule.kt
+++ b/ktlint-ruleset-standard/src/main/kotlin/com/pinterest/ktlint/ruleset/standard/rules/TypeParameterListSpacingRule.kt
@@ -19,6 +19,7 @@ import com.pinterest.ktlint.rule.engine.core.api.SinceKtlint.Status.STABLE
 import com.pinterest.ktlint.rule.engine.core.api.editorconfig.EditorConfig
 import com.pinterest.ktlint.rule.engine.core.api.editorconfig.INDENT_SIZE_PROPERTY
 import com.pinterest.ktlint.rule.engine.core.api.editorconfig.INDENT_STYLE_PROPERTY
+import com.pinterest.ktlint.rule.engine.core.api.isWhiteSpaceWithoutNewline
 import com.pinterest.ktlint.rule.engine.core.api.nextCodeSibling
 import com.pinterest.ktlint.rule.engine.core.api.nextLeaf
 import com.pinterest.ktlint.rule.engine.core.api.nextSibling
@@ -222,7 +223,7 @@ public class TypeParameterListSpacingRule :
                 }
             }
 
-            expectedWhitespace.startsWith("\n") -> {
+            node.isWhiteSpaceWithoutNewline() && expectedWhitespace.startsWith("\n") -> {
                 emit(
                     node.startOffset,
                     "Expected a newline",
diff --git a/ktlint-ruleset-standard/src/test/kotlin/com/pinterest/ktlint/ruleset/standard/rules/TypeArgumentListSpacingRuleTest.kt b/ktlint-ruleset-standard/src/test/kotlin/com/pinterest/ktlint/ruleset/standard/rules/TypeArgumentListSpacingRuleTest.kt
index 842b162961..37282d13a3 100644
--- a/ktlint-ruleset-standard/src/test/kotlin/com/pinterest/ktlint/ruleset/standard/rules/TypeArgumentListSpacingRuleTest.kt
+++ b/ktlint-ruleset-standard/src/test/kotlin/com/pinterest/ktlint/ruleset/standard/rules/TypeArgumentListSpacingRuleTest.kt
@@ -82,4 +82,22 @@ class TypeArgumentListSpacingRuleTest {
             """.trimIndent()
         typeArgumentListSpacingRuleAssertThat(code).hasNoLintViolations()
     }
+
+    @Test
+    fun `Issue 2299 - Given a correctly indented multiline type argument list then do not report violations`() {
+        val code =
+            """
+            class FooBar(
+                foo: String,
+                bar: Int,
+            ) : Baz<
+                    String,
+                    Int,
+                >(
+                    foo,
+                    bar,
+                )
+            """.trimIndent()
+        typeArgumentListSpacingRuleAssertThat(code).hasNoLintViolations()
+    }
 }
diff --git a/ktlint-ruleset-standard/src/test/kotlin/com/pinterest/ktlint/ruleset/standard/rules/TypeParameterListSpacingRuleTest.kt b/ktlint-ruleset-standard/src/test/kotlin/com/pinterest/ktlint/ruleset/standard/rules/TypeParameterListSpacingRuleTest.kt
index df326e4904..425a20c603 100644
--- a/ktlint-ruleset-standard/src/test/kotlin/com/pinterest/ktlint/ruleset/standard/rules/TypeParameterListSpacingRuleTest.kt
+++ b/ktlint-ruleset-standard/src/test/kotlin/com/pinterest/ktlint/ruleset/standard/rules/TypeParameterListSpacingRuleTest.kt
@@ -283,7 +283,7 @@ class TypeParameterListSpacingRuleTest {
     }
 
     @Test
-    fun `Issue 1867 - Given a multiline type parameter list which is correctly formatted then do not report a violation`() {
+    fun `Issue 1867 - Given a function with multiline type parameter list which is correctly formatted then do not report a violation`() {
         val code =
             """
             fun <
@@ -291,8 +291,19 @@ class TypeParameterListSpacingRuleTest {
                 Bar,
                 > foobar()
             """.trimIndent()
-        typeParameterListSpacingRuleAssertThat(code)
-            .hasNoLintViolations()
+        typeParameterListSpacingRuleAssertThat(code).hasNoLintViolations()
+    }
+
+    @Test
+    fun `Issue 2299 - Given a class with multiline type parameter list which is correctly formatted then do not report a violation`() {
+        val code =
+            """
+            class FooBar<
+                Foo,
+                Bar,
+            >
+            """.trimIndent()
+        typeParameterListSpacingRuleAssertThat(code).hasNoLintViolations()
     }
 
     @Test