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What forms and statements will Prosper provide for tax preparation purposes?

Prosper provides a year-end investor statement to all active investors, and may provide a Consolidated Form 1099 to investors and tax authorities, depending on the investor’s activity during the calendar year. If you are subject to 1099 tax reporting, your tax forms will be available on the 'My Account > History > Statements' page by January 31 of the year following the calendar year in question.

If you would like to receive a paper copy of your tax forms, please contact customer support.

1099-INT

You will be provided a Form 1099-INT in each tax year that you earn $10 or more in interest on Notes purchased prior to 2009, unless you live in a state for which there is an applicable reporting exception (see below).

1099-MISC

You will be provided a Form 1099-MISC in each tax year that you receive borrower late fees, referral awards, bonuses, incentives, and the like. Income shown on Form 1099-MISC will be reported to the Internal Revenue Service and State tax authorities in the event applicable thresholds as established by them are met.

1099-OID

You will be provided a Form 1099-OID in each tax year that you have interest income on Notes originated in 2009 or later. Income shown on Form 1099-OID will be reported to the Internal Revenue Service and State tax authorities in the event applicable thresholds established by them are met. Form 1099-OID details income reported on Notes that are subject to OID tax reporting.

1099-B

If you sold Notes on the FOLIOfn Investing Note Trader platform during the tax year, you will be provided a Form 1099-B from FOLIOfn that shows your sale date, proceeds, and cost basis, broken down into short and long term gains. You will be provided a Form 1099-B for any Notes that were charged off/ discharged during the tax year or recovery payments received during the tax year.

 

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