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) it’s possible you’ll obtain from Prosper.
To entry the Prosper Investor Information for 2023, click on right here.
If you happen to’re a retail investor who holds Notes from Prosper, right here’s what that you must know:
In connection together with your funding via Prosper, it’s possible you’ll obtain the next types for the 2023 calendar yr:
- 1099-OID: Internet accrued curiosity of $10 or extra acquired in 2023
- 1099-MISC: Different revenue (resembling late charges) of $600 or extra acquired in 2023
- 1099-B: Gross proceeds from gross sales or recoveries acquired in 2023 from Notes equivalent to loans charged-off in 2023 or prior years.
Your 1099 tax assertion(s) might be accessible in your Prosper account by the next dates:
- 1099-OID and 1099-MISC might be accessible no later than January 31, 2024
- 1099-B might be accessible no later than February 15, 2024
Please observe that it’s your duty to verify your account and overview all info offered 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 advocate that you simply seek the advice of together with your monetary or tax advisor if in case you have any questions. The IRS additionally offers steering 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 revenue tax return.
