To assist retail buyers navigate their Prosper-related tax submitting course of, we’ve created the 2024 Prosper Tax Information. This information has normal details about the 1099 tax type(s) chances are you’ll obtain from Prosper.
To entry the Prosper Investor Information for 2024, click on right here.
If you happen to’re a retail investor who holds Notes from Prosper, right here’s what you should know:
In connection along with your funding by way of Prosper, chances are you’ll obtain the next types for the 2024 calendar 12 months:
- 1099-OID: Experiences internet accrued curiosity of $10 or extra acquired in calendar 12 months 2024
- 1099-MISC: Experiences different earnings of $600 or extra (corresponding to late charges) acquired in calendar 12 months 2024
- 1099-B: Experiences gross proceeds from gross sales or recoveries acquired in calendar 12 months 2024 from Notes similar to loans charged-off in 2024 or prior years
Your 1099 tax assertion(s) will likely be out there in your Prosper account by the next dates:
- 1099-OID and 1099-MISC will likely be out there no later than January 31, 2025
- 1099-B will likely be out there no later than February 15, 2025
Please be aware that it’s your duty to examine your account and assessment all info offered earlier than submitting your tax return.
Prosper doesn’t present tax, monetary or authorized recommendation and neither this put up nor Prosper’s tax information is meant to be tax, monetary or authorized recommendation. We suggest that you simply seek the advice of along with your monetary or tax advisor in case you have any questions. The IRS additionally supplies steering on the again of the 1099 tax type(s) designed to explain what’s reported in every field on the shape and the place the quantity could also be reported on an earnings tax return.