To assist retail traders navigate their Prosper-related tax submitting course of, we’ve created the 2024 Prosper Tax Information. This information has common details about the 1099 tax type(s) it’s possible you’ll obtain from Prosper.
To entry the Prosper Investor Information for 2024, click on right here.
For those who’re a retail investor who holds Notes from Prosper, right here’s what you might want to know:
In connection together with your funding by Prosper, it’s possible you’ll obtain the next varieties for the 2024 calendar 12 months:
- 1099-OID: Stories internet accrued curiosity of $10 or extra obtained in calendar 12 months 2024
- 1099-MISC: Stories different revenue of $600 or extra (corresponding to late charges) obtained in calendar 12 months 2024
- 1099-B: Stories gross proceeds from gross sales or recoveries obtained in calendar 12 months 2024 from Notes equivalent to loans charged-off in 2024 or prior years
Your 1099 tax assertion(s) will likely be accessible in your Prosper account by the next dates:
- 1099-OID and 1099-MISC will likely be accessible no later than January 31, 2025
- 1099-B will likely be accessible no later than February 15, 2025
Please be aware that it’s your duty to verify your account and evaluation all data supplied earlier than submitting your tax return.
Prosper doesn’t present tax, monetary or authorized recommendation and neither this publish 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’ve got any questions. The IRS additionally offers 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 revenue tax return.