2020 Tax Guide for Prosper Investors

It’s tax season, and to help Prosper retail investors navigate the process, we’ve created the 2020 Prosper Tax Guide. This guide has general information about the 1099 tax form(s) you may receive from Prosper.

To access the Prosper Investor Guide for 2020, click here.

If you’re a retail investor who holds Notes from Prosper, here’s what you need to know:

  • In connection with your investment through Prosper, you may receive the following forms for the 2020 calendar year:
    • 1099-OID: Net interest of $10 or more received in 2020
    • 1099-MISC: Other income (such as late fees) of $600 or more received in 2020
    • 1099-B: Gross proceeds from sales or recoveries received in 2020 from Notes corresponding to loans charged-off in 2020 or prior years.
    • These 1099 tax statement(s) will be available in your Prosper account on February 1, 2020. Please note, it is your responsibility to check your account and review all information provided before filing your tax return.

These 1099 tax statement(s) will be available in your Prosper account on February 1, 2020. Please note, it is your responsibility to check your account and review all information provided before filing your tax return.

Prosper does not provide tax, financial or legal advice and neither this post nor Prosper’s tax guide is intended to be tax, financial or legal advice. We recommend that you consult with your financial or tax advisor if you have any questions. The IRS also provides guidance on the back of the 1099 tax form(s) designed to describe what is reported in each box on the form.

2019 Tax Guide for Prosper Investors

It’s tax season, and to help Prosper retail investors navigate the process, we’ve created the 2019 Prosper Tax Guide. This guide has general information about the 1099 tax form(s) you may receive from Prosper.

To access the Prosper Investor Guide for 2019, click here.

If you’re a retail investor who holds Notes from Prosper, here’s what you need to know:

  • In connection with your investment through Prosper, you may receive the following forms for the 2019 calendar year:
    • 1099-OID: Net interest of $10 or more received in 2019
    • 1099-MISC: Other income (such as late fees) of $600 or more received in 2019
    • 1099-B: Gross proceeds from sales or recoveries received in 2019 from Notes corresponding to loans charged-off in 2019 or prior years.

These 1099 tax statement(s) will be available in your Prosper account on January 31, 2019. Please note, it is your responsibility to check your account and review all information provided before filing your tax return.

Prosper does not provide tax, financial or legal advice and neither this post nor Prosper’s tax guide is intended to be tax, financial or legal advice. We recommend that you consult with your financial or tax advisor if you have any questions.

2018 Tax Guide for Prosper Investors

It’s tax season, and to help Prosper retail investors navigate the process, we’ve created the 2018 Prosper Tax Guide. This guide has general information about the 1099 tax form(s) you may receive from Prosper.

To access the Prosper Investor Guide for 2018, click here.

If you’re a retail investor who holds Notes from Prosper, here’s what you need to know:

  • In connection with your investment through Prosper, you may receive the following forms for the 2018 calendar year:
    • 1099-OID: Net interest received in 2018
    • 1099-MISC: Other income (such as late fees) received in 2018
    • 1099-B: Recoveries, proceeds and cost basis on Notes corresponding to charged-off loans in 2018

These 1099 tax statement(s) are now available in your Prosper account. Please note, it is your responsibility to check your account and review all information provided before filing your tax return. Click here to access your tax statement(s).

Prosper does not provide tax, financial or legal advice and neither this post nor Prosper’s tax guide is intended to be tax, financial or legal advice. We recommend that you consult with your financial or tax advisor if you have any questions.

2017 Tax Guide for Retail Investors

It’s tax season! To help navigate this process we’ve created a 2017 Prosper tax guide with general information about the 1099 tax form(s) you may receive from Prosper.

If you’re a retail investor who holds Notes from Prosper, here’s what you need to know.

In connection with your investment through Prosper, you may receive the following forms for the 2017 calendar year:

  • 1099-OID: Net interest received in 2017
  • 1099-MISC: Other income (such as late fees) received in 2017
  • 1099-B: Recoveries, proceeds and cost basis on Notes corresponding to charged-off loans in 2017

These 1099 tax statement(s) are now available in your Prosper account.* To access your tax statement(s), sign in to your Prosper account and select History below your name, then select the Statements link.

You can reference the Prosper tax guide for general information about the tax forms as well as answers to frequently asked tax questions.

*It is your responsibility to check your account and review all information provided before filing your tax return.

Prosper does not provide tax, financial or legal advice and neither this post nor Prosper’s tax guide is intended to be tax, financial or legal advice. We recommend that you consult with your financial or tax advisor if you have any questions.