To assist retail traders navigate their Prosper-related tax submitting course of, we’ve created the 2023 Prosper Tax Information. This information has common details about the 1099 tax kind(s) you might obtain from Prosper.
To entry the Prosper Investor Information for 2023, click on right here.
Should you’re a retail investor who holds Notes from Prosper, right here’s what you must know:
In connection together with your funding by Prosper, you might obtain the next varieties for the 2023 calendar 12 months:
- 1099-OID: Internet accrued curiosity of $10 or extra obtained in 2023
- 1099-MISC: Different earnings (corresponding to late charges) of $600 or extra obtained in 2023
- 1099-B: Gross proceeds from gross sales or recoveries obtained in 2023 from Notes equivalent to loans charged-off in 2023 or prior years.
Your 1099 tax assertion(s) will probably be out there in your Prosper account by the next dates:
- 1099-OID and 1099-MISC will probably be out there no later than January 31, 2024
- 1099-B will probably be out there no later than February 15, 2024
Please word that it’s your duty to test 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 submit nor Prosper’s tax information is meant to be tax, monetary or authorized recommendation. We suggest that you just seek the advice of together with your monetary or tax advisor when you have any questions. The IRS additionally gives steerage on the again of the 1099 tax kind(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.