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) you could obtain from Prosper.
To entry the Prosper Investor Information for 2024, click on right here.
In the event you’re a retail investor who holds Notes from Prosper, right here’s what you must know:
In connection together with your funding by means of Prosper, you could obtain the next kinds for the 2024 calendar yr:
- 1099-OID: Stories web accrued curiosity of $10 or extra obtained in calendar yr 2024
- 1099-MISC: Stories different earnings of $600 or extra (equivalent to late charges) obtained in calendar yr 2024
- 1099-B: Stories gross proceeds from gross sales or recoveries obtained in calendar yr 2024 from Notes akin to loans charged-off in 2024 or prior years
Your 1099 tax assertion(s) can be obtainable in your Prosper account by the next dates:
- 1099-OID and 1099-MISC can be obtainable no later than January 31, 2025
- 1099-B can be obtainable no later than February 15, 2025
Please notice that it’s your duty to verify your account and evaluation all info 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 advocate that you just seek the advice of together with your monetary or tax advisor you probably have any questions. The IRS additionally supplies steerage 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.
